Zero officer compensation reported across all filings, demonstrating efficient use of funds.
Generally low liabilities relative to assets, indicating a healthy balance sheet.
Positive net income in most recent years (e.g., $396,721 revenue vs. $143,095 expenses in 2023).
Spending Breakdown
How Carol Woods Charitable Fund Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Carol Woods Charitable Fund Inc
Is Carol Woods Charitable Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Carol Woods Charitable Fund Inc (EIN: 204262143) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
Is Carol Woods Charitable Fund Inc a good charity to donate to?
Carol Woods Charitable Fund Inc has a Mission Score of 85/100. Revenue: $390K. Assets: $2.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Carol Woods Charitable Fund Inc?
The Employer Identification Number (EIN) for Carol Woods Charitable Fund Inc is 204262143. 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 Carol Woods Charitable Fund Inc spend its money?
Carol Woods Charitable Fund Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Carol Woods Charitable Fund Inc's tax-exempt status?
You can verify Carol Woods Charitable Fund Inc's tax-exempt status using EIN 204262143 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 Carol Woods Charitable Fund Inc. demonstrates a generally stable financial position with consistent asset growth over the past decade, reaching $2,528,821 in 2023. Revenue has fluctuated, with a notable high of $718,396 in 2017 and a recent $396,721 in 2023. The organization consistently reports 0% officer compensation, indicating a volunteer-led or very lean executive structure, which is a positive sign for donor confidence and efficient use of funds. However, without detailed expense breakdowns from the provided data, it's challenging to fully assess spending efficiency beyond the overall revenue-to-expense ratio.
The organization's financial health appears sound, with assets significantly exceeding liabilities in most years, though liabilities did reach $98,798 in 2019 and $2,700 in 2023. The consistent growth in assets suggests effective financial management and investment, building a solid foundation for its charitable activities. The absence of officer compensation is a strong indicator of transparency and a commitment to directing funds towards the mission rather than administrative overhead.
To provide a more comprehensive assessment of spending efficiency, a detailed breakdown of program, administrative, and fundraising expenses would be necessary. However, based on the available data, the organization appears to be fiscally responsible, maintaining a healthy balance sheet and demonstrating a commitment to minimizing executive costs.