Is Carstens Educational Fund Legit?

Quick charity verification for Carstens Educational Fund (EIN: 207113069)

Verdict: Carstens Educational Fund appears trustworthy

85/100Mission Score
$34KRevenue
$895KAssets
1Red Flags
4Strengths

Red Flags

Strengths

AI Transparency Report

The Carstens Educational Fund demonstrates consistent financial stability with a strong asset base relative to its annual revenue. In 2023, the organization reported $811,660 in assets against $35,077 in revenue, indicating a well-endowed fund. Spending efficiency appears high, particularly in recent years, with expenses significantly lower than revenue in 2023 ($6,840 expenses vs. $35,077 revenue) and 2020 ($5,637 expenses vs. $28,570 revenue). This suggests a focus on accumulating assets or a very lean operational model. The organization consistently reports 0% officer compensation, which is a strong indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries. However, the specific breakdown of program versus administrative spending is not detailed in the provided summary, making a precise assessment of program efficiency challenging without further data. The significant fluctuations in expenses, such as $85,856 in 2021 compared to $6,840 in 2023, warrant further investigation to understand the nature of these expenditures and their alignment with the organization's educational mission.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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