Quick charity verification for Carr Family Foundation Inc (EIN: 222769314)
Verdict: Carr Family Foundation Inc has notable concerns
25/100Mission Score
$405Revenue
$40KAssets
5Red Flags
1Strengths
Red Flags
Revenue consistently low (e.g., $405 in 2023, $138 in 2022) compared to expenses (e.g., $4245 in 2023, $3346 in 2022), indicating a reliance on existing assets or undisclosed funding.
Spending breakdown shows 100% administrative expenses and 0% program expenses, raising concerns about direct charitable impact.
Significant asset decline from $64,365 in 2020 to $39,779 in 2023 without corresponding program spending.
Lack of detailed expense breakdown beyond 'other expenses' makes it difficult to assess financial efficiency and purpose.
The foundation's 'not-for-profit type' is unknown, which limits understanding of its specific mission and operational context.
Strengths
Consistent reporting of $0 for executive compensation, if accurate, indicates a volunteer-led organization.
AI Transparency Report
Carr Family Foundation Inc is a unknown nonprofit based in Harpswell, Maine, with reported revenue of $405 and assets of $40K. Our AI analysis assigns a Mission Score of 25/100 (Poor). Executive compensation is consistently reported as $0, which is unusual for a foundation with ongoing expenses, suggesting either volunteer leadership or compensation hidden within 'other expenses'. Revenue has grown +53400% across 10 filing periods.