Quick charity verification for Boyd Works Foundation Inc (EIN: 113709206)
Verdict: Boyd Works Foundation Inc shows mixed signals
60/100Mission Score
$283KRevenue
$11.7MAssets
3Red Flags
3Strengths
Red Flags
Consistent deficit spending (expenses significantly exceed revenue, e.g., $719,303 expenses vs. $293,278 revenue in 2023).
Significant and unexplained drop in revenue in recent years (from over $1.6M to under $300K).
Reliance on asset drawdowns to cover operational shortfalls.
Strengths
Zero officer compensation reported across all filings, indicating efficient use of funds for leadership.
Maintains substantial assets ($11,920,726 in 2023), providing a buffer despite operational deficits.
Minimal liabilities reported in recent years ($1 in 2023), indicating good debt management.
Spending Breakdown
How Boyd Works Foundation Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 Boyd Works Foundation Inc
Is Boyd Works Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Boyd Works Foundation Inc (EIN: 113709206) shows mixed signals. Mission Score: 60/100. 3 red flags identified, 3 strengths noted.
Is Boyd Works Foundation Inc a good charity to donate to?
Boyd Works Foundation Inc has a Mission Score of 60/100. Revenue: $283K. Assets: $11.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Boyd Works Foundation Inc?
The Employer Identification Number (EIN) for Boyd Works Foundation Inc is 113709206. 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 Boyd Works Foundation Inc spend its money?
Boyd Works Foundation Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Boyd Works Foundation Inc's tax-exempt status?
You can verify Boyd Works Foundation Inc's tax-exempt status using EIN 113709206 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
Boyd Works Foundation Inc. exhibits a concerning financial trend with expenses consistently exceeding revenue in recent years, particularly in 2023 where expenses were $719,303 against revenues of $293,278. This pattern of deficit spending, especially pronounced in 2022 ($619,150 expenses vs. $308 revenue), raises questions about the sustainability of its operations. While the organization maintains substantial assets, reported at $11,920,726 in 2023, the consistent draw on these assets to cover operational shortfalls is not a sustainable long-term strategy. The organization reports zero officer compensation across all available filings, which is a positive indicator of resource allocation towards its mission rather than executive salaries. However, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess spending efficiency and program impact. The consistent reporting of minimal liabilities ($1 in recent years) suggests good financial management in that area, but the overall financial health is impacted by the revenue-expense imbalance.