Quick charity verification for Carolina Hurricanes Foundation Inc (EIN: 222652765)
Verdict: Carolina Hurricanes Foundation Inc appears trustworthy
75/100Mission Score
$1.8MRevenue
$1.9MAssets
2Red Flags
3Strengths
Red Flags
Lack of detailed program reporting makes impact assessment challenging.
Limited transparency regarding specific fundraising activities and costs.
Strengths
Consistently high percentage of expenses dedicated to programs (e.g., 90% in 2023).
Healthy asset growth over the past few years, from $301,030 in 2019 to $1,883,895 in 2023.
No reported lobbying expenses, indicating a focus on direct charitable activities.
Spending Breakdown
How Carolina Hurricanes Foundation Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
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 Carolina Hurricanes Foundation Inc
Is Carolina Hurricanes Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Carolina Hurricanes Foundation Inc (EIN: 222652765) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Carolina Hurricanes Foundation Inc a good charity to donate to?
Carolina Hurricanes Foundation Inc has a Mission Score of 75/100. Revenue: $1.8M. Assets: $1.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Carolina Hurricanes Foundation Inc?
The Employer Identification Number (EIN) for Carolina Hurricanes Foundation Inc is 222652765. 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 Carolina Hurricanes Foundation Inc spend its money?
Carolina Hurricanes Foundation Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Carolina Hurricanes Foundation Inc's tax-exempt status?
You can verify Carolina Hurricanes Foundation Inc's tax-exempt status using EIN 222652765 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
Carolina Hurricanes Foundation Inc is a philanthropy, voluntarism & grantmaking nonprofit based in Raleigh, North Carolina, with reported revenue of $1.8M and assets of $1.9M. Our AI analysis assigns a Mission Score of 75/100 (Good). Approximately 90% of spending goes to programs, 5% to administration, and 5% to fundraising. • Detailed program descriptions and impact metrics are not readily available on their website or public filings.
• Financial statements lack granular breakdowns of administrative and fundraising expenses, making it difficult to assess efficiency. Executive compensation is not reported in the provided filings, indicating that no officers, directors, or trustees received more than $100,000 in reportable compensation from the organization or related organizations. Revenue has grown +38% across 13 filing periods.