Quick charity verification for Cade Museum Foundation Inc (EIN: 201884134)
Verdict: Cade Museum Foundation Inc appears trustworthy
75/100Mission Score
$1.5MRevenue
$5.8MAssets
2Red Flags
3Strengths
Red Flags
Significant negative revenue of $-3,061,301 in 2023, which is a major financial concern.
Unusually consistent 0% officer compensation for an organization with substantial assets, which may indicate compensation is reported elsewhere or a reliance on unpaid executive leadership.
Strengths
Strong historical asset base, reaching over $11 million in 2022, providing financial stability.
Consistent reporting of 0% officer compensation, indicating a commitment to minimizing executive overhead.
Long filing history (12 filings) suggests established operations and compliance.
Spending Breakdown
How Cade Museum Foundation Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
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 Cade Museum Foundation Inc
Is Cade Museum Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Cade Museum Foundation Inc (EIN: 201884134) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Cade Museum Foundation Inc a good charity to donate to?
Cade Museum Foundation Inc has a Mission Score of 75/100. Revenue: $1.5M. Assets: $5.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Cade Museum Foundation Inc?
The Employer Identification Number (EIN) for Cade Museum Foundation Inc is 201884134. 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 Cade Museum Foundation Inc spend its money?
Cade Museum Foundation Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Cade Museum Foundation Inc's tax-exempt status?
You can verify Cade Museum Foundation Inc's tax-exempt status using EIN 201884134 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 Cade Museum Foundation Inc. demonstrates a mixed financial picture. While the organization has maintained substantial assets, reaching a peak of over $11 million in 2022, its revenue has shown significant volatility, including a negative revenue of $-3,061,301 in 2023. This negative revenue figure, likely due to investment losses or significant asset revaluation, warrants further investigation as it drastically impacts the organization's financial health for that period. Despite this, the organization has consistently reported 0% officer compensation, indicating a commitment to directing funds towards its mission rather than executive salaries.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses from the provided data. However, the consistent reporting of 0% officer compensation suggests a lean approach to executive overhead. The substantial assets, even after the 2023 decline to $6,514,823, provide a strong financial cushion. The organization's transparency regarding executive compensation is excellent, with no reported officer compensation across all available filings.
Overall, the Cade Museum Foundation appears to be a well-established organization with significant assets. The negative revenue in 2023 is a major concern that needs clarification, but the consistent lack of officer compensation is a positive indicator of financial stewardship. Further analysis of detailed expense categories would be necessary to fully evaluate spending efficiency.