Is Carrie E And Lena V Glenn Foundation Inc Legit?
Quick charity verification for Carrie E And Lena V Glenn Foundation Inc (EIN: 201808211)
Verdict: Carrie E And Lena V Glenn Foundation Inc appears trustworthy
85/100Mission Score
$236KRevenue
$7.7MAssets
1Red Flags
3Strengths
Red Flags
Consistent negative net income in recent periods (e.g., 202406: $230,342 revenue vs. $356,570 expenses; 202306: $246,126 revenue vs. $389,018 expenses).
Strengths
Substantial asset base ($7,708,507) providing financial stability.
Consistent 0% officer compensation, indicating efficient use of funds and strong commitment to mission.
Low liabilities relative to assets (e.g., 202406: $262,250 liabilities vs. $7,301,930 assets).
Spending Breakdown
How Carrie E And Lena V Glenn Foundation Inc 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 Carrie E And Lena V Glenn Foundation Inc
Is Carrie E And Lena V Glenn Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Carrie E And Lena V Glenn Foundation Inc (EIN: 201808211) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
Is Carrie E And Lena V Glenn Foundation Inc a good charity to donate to?
Carrie E And Lena V Glenn Foundation Inc has a Mission Score of 85/100. Revenue: $236K. Assets: $7.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Carrie E And Lena V Glenn Foundation Inc?
The Employer Identification Number (EIN) for Carrie E And Lena V Glenn Foundation Inc is 201808211. 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 Carrie E And Lena V Glenn Foundation Inc spend its money?
Carrie E And Lena V Glenn Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Carrie E And Lena V Glenn Foundation Inc's tax-exempt status?
You can verify Carrie E And Lena V Glenn Foundation Inc's tax-exempt status using EIN 201808211 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 Carrie E And Lena V Glenn Foundation Inc. demonstrates consistent financial stability with substantial assets, currently at $7,708,507. However, recent filings show a trend of expenses exceeding revenue. For instance, in the 202406 period, expenses were $356,570 against revenues of $230,342, and similarly in 202306, expenses were $389,018 against $246,126 in revenue. This indicates the organization is drawing down on its assets or prior year surpluses to cover operational costs. The foundation consistently reports 0% officer compensation, which is a strong indicator of efficient use of funds and a commitment to mission over executive pay. The NTEE code T20 suggests a focus on grantmaking, which typically involves lower administrative overhead compared to direct service organizations. The lack of detailed expense breakdowns in the provided data makes a precise assessment of spending efficiency challenging, but the absence of officer compensation is a positive sign for transparency and resource allocation.