Quick charity verification for Carroll Education Foundation Inc (EIN: 205550649)
Verdict: Carroll Education Foundation Inc appears trustworthy
92/100Mission Score
$846KRevenue
$3.3MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth, from $2,871,899 in 2015 to $3,280,449 currently.
Zero liabilities reported across all available filings, indicating strong financial health and low risk.
0% officer compensation consistently reported, suggesting high efficiency and volunteer leadership.
Expenses consistently well below revenue in most years, contributing to asset accumulation.
Strong financial transparency with 10 years of consistent IRS 990 filings.
Spending Breakdown
How Carroll Education Foundation Inc allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
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 Carroll Education Foundation Inc
Is Carroll Education Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Carroll Education Foundation Inc (EIN: 205550649) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Carroll Education Foundation Inc a good charity to donate to?
Carroll Education Foundation Inc has a Mission Score of 92/100. Revenue: $846K. Assets: $3.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Carroll Education Foundation Inc?
The Employer Identification Number (EIN) for Carroll Education Foundation Inc is 205550649. 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 Carroll Education Foundation Inc spend its money?
Carroll Education Foundation Inc allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Carroll Education Foundation Inc's tax-exempt status?
You can verify Carroll Education Foundation Inc's tax-exempt status using EIN 205550649 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
Carroll Education Foundation Inc demonstrates consistent financial stability with a strong asset base, currently at $3,280,449. The organization's revenue has fluctuated over the past decade, with a notable spike in 2015 ($2,786,702) and more recent annual revenues ranging from $124,315 to $219,205. Expenses have generally been well below revenue, allowing for steady asset growth. The foundation consistently reports zero liabilities and zero officer compensation, indicating a very lean operational structure and a high degree of financial prudence. This suggests a strong commitment to directing resources towards its mission rather than administrative overhead or executive pay. The consistent reporting of zero liabilities also points to excellent financial management and a low-risk profile.