Quick charity verification for Carneys Kids Foundation (EIN: 202471463)
Verdict: Carneys Kids Foundation appears trustworthy
90/100Mission Score
$190KRevenue
$52KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, from $6,350 in 2014 to $181,939 in 2023.
0% officer compensation reported across all 13 filings, maximizing funds for programs.
No reported liabilities, indicating strong financial health and low risk.
Expenses closely align with revenue, suggesting efficient use of funds (e.g., $162,834 expenses vs. $181,939 revenue in 2023).
Consistent IRS 990 filing history over 13 periods, demonstrating transparency.
Spending Breakdown
How Carneys Kids Foundation allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Carneys Kids Foundation
Is Carneys Kids Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Carneys Kids Foundation (EIN: 202471463) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Carneys Kids Foundation a good charity to donate to?
Carneys Kids Foundation has a Mission Score of 90/100. Revenue: $190K. Assets: $52K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Carneys Kids Foundation?
The Employer Identification Number (EIN) for Carneys Kids Foundation is 202471463. 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 Carneys Kids Foundation spend its money?
Carneys Kids Foundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Carneys Kids Foundation's tax-exempt status?
You can verify Carneys Kids Foundation's tax-exempt status using EIN 202471463 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
Carneys Kids Foundation demonstrates a generally stable financial position with consistent revenue growth over the past decade, reaching $181,939 in 2023. The organization consistently spends nearly all of its revenue on programs and operations, as evidenced by expenses of $162,834 against revenues of $181,939 in 2023, and $124,525 against $124,361 in 2022. This indicates a commitment to utilizing funds for its mission rather than accumulating large reserves, with assets remaining modest at $65,135 in 2023. The absence of reported liabilities across all filings suggests sound financial management and a low-risk profile.
The organization's spending efficiency appears strong, with a significant portion of its budget allocated directly to program services. The consistent reporting of 0% officer compensation across all filings is a notable indicator of transparency and a volunteer-driven leadership model, which can maximize funds available for programs. While specific breakdowns of program, administrative, and fundraising expenses are not explicitly detailed in the provided summary, the overall expense-to-revenue ratio suggests efficient operations.
Transparency is further enhanced by the consistent filing of IRS Form 990s over 13 periods, providing a clear historical financial record. The lack of officer compensation is a strong positive signal regarding how donor funds are utilized. The organization's financial health appears robust for its size, with a clear focus on program delivery and minimal overhead.