Is Blue Cross & Blue Shield Of Mississippi Foundation Legit?
Quick charity verification for Blue Cross & Blue Shield Of Mississippi Foundation (EIN: 200471034)
Verdict: Blue Cross & Blue Shield Of Mississippi Foundation appears trustworthy
95/100Mission Score
$38.0MRevenue
$162.6MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Strong and consistent asset growth, reaching over $162 million.
Consistently low expenses relative to revenue, indicating efficient operations.
Zero officer compensation reported across all filings, demonstrating high transparency and dedication of resources to mission.
Healthy financial surplus maintained in most years, ensuring long-term sustainability.
Significant revenue generation, with the latest period at $38,047,069.
Spending Breakdown
How Blue Cross & Blue Shield Of Mississippi Foundation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Blue Cross & Blue Shield Of Mississippi Foundation
Is Blue Cross & Blue Shield Of Mississippi Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Blue Cross & Blue Shield Of Mississippi Foundation (EIN: 200471034) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Blue Cross & Blue Shield Of Mississippi Foundation a good charity to donate to?
Blue Cross & Blue Shield Of Mississippi Foundation has a Mission Score of 95/100. Revenue: $38.0M. Assets: $162.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Blue Cross & Blue Shield Of Mississippi Foundation?
The Employer Identification Number (EIN) for Blue Cross & Blue Shield Of Mississippi Foundation is 200471034. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Blue Cross & Blue Shield Of Mississippi Foundation spend its money?
Blue Cross & Blue Shield Of Mississippi Foundation allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Blue Cross & Blue Shield Of Mississippi Foundation's tax-exempt status?
You can verify Blue Cross & Blue Shield Of Mississippi Foundation's tax-exempt status using EIN 200471034 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Blue Cross & Blue Shield Of Mississippi Foundation demonstrates strong financial health, with its assets growing significantly from $62.5 million in 2011 to over $162.6 million currently. The foundation consistently maintains a healthy surplus, with revenues frequently exceeding expenses by a substantial margin, as seen in 2023 where revenue was $34.4 million against expenses of $6.3 million. This indicates robust financial management and a strong capacity to fund its programs.
Regarding spending efficiency, the foundation appears to be highly efficient in its program delivery. While specific breakdowns of program, administrative, and fundraising expenses are not provided in the summary data, the overall expense levels relative to revenue suggest a lean operational structure. The consistent reporting of 0% officer compensation across all filings is a notable indicator of transparency and a commitment to directing resources towards the mission rather than executive salaries. This practice enhances public trust and suggests a focus on maximizing impact.
Overall, the foundation exhibits excellent financial stewardship and transparency. Its substantial asset base provides long-term stability, and the consistent lack of officer compensation is a strong positive signal. The significant growth in assets and generally low expense ratios relative to revenue suggest that the organization is well-managed and effectively utilizing its resources to achieve its mission.