Quick charity verification for Carl Malone Foundation Inc (EIN: 204765874)
Verdict: Carl Malone Foundation Inc shows mixed signals
40/100Mission Score
$106KRevenue
$31KAssets
5Red Flags
2Strengths
Red Flags
Drastic revenue decline from $1.1 million in 2019 to $106,311 in 2022.
Consistent deficit spending in recent years (e.g., 2022: expenses $110,907 vs. revenue $106,311).
High liabilities ($262,393 in 2022) significantly exceeding assets ($30,579 in 2022).
Negative net assets indicated by the asset-liability imbalance.
Unclear sustainability given the financial trajectory.
Strengths
0% officer compensation reported across all available filings, indicating no executive pay.
Long filing history (12 filings), suggesting consistent compliance with IRS reporting requirements.
Spending Breakdown
How Carl Malone 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 Carl Malone Foundation Inc
Is Carl Malone Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Carl Malone Foundation Inc (EIN: 204765874) shows mixed signals. Mission Score: 40/100. 5 red flags identified, 2 strengths noted.
Is Carl Malone Foundation Inc a good charity to donate to?
Carl Malone Foundation Inc has a Mission Score of 40/100. Revenue: $106K. Assets: $31K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Carl Malone Foundation Inc?
The Employer Identification Number (EIN) for Carl Malone Foundation Inc is 204765874. 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 Carl Malone Foundation Inc spend its money?
Carl Malone Foundation Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Carl Malone Foundation Inc's tax-exempt status?
You can verify Carl Malone Foundation Inc's tax-exempt status using EIN 204765874 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 Carl Malone Foundation Inc. exhibits concerning financial trends, particularly a significant decline in revenue from over $1 million in 2019 to $106,311 in 2022. This substantial drop, coupled with expenses exceeding revenue in multiple recent periods (e.g., $110,907 expenses vs. $106,311 revenue in 2022), indicates potential operational challenges and an unsustainable financial model. The organization consistently reports high liabilities relative to its assets, with liabilities of $262,393 against assets of $30,579 in 2022, suggesting a precarious financial position. While the organization reports 0% officer compensation, which is a positive for donor confidence regarding executive pay, the overall financial health appears to be deteriorating.
Spending efficiency is difficult to fully assess without a detailed functional expense breakdown (program, administrative, fundraising expenses) from the provided data. However, the consistent deficit spending in recent years (e.g., 2022, 2020) implies that the organization is not efficiently managing its resources relative to its income. The sharp decrease in revenue raises questions about the organization's ability to sustain its programs and operations. Transparency regarding executive compensation is good, but the broader financial picture suggests a need for greater clarity on how the reduced funds are being allocated and managed to address the growing liabilities and shrinking asset base.