Quick charity verification for Cashmere Fund (EIN: 203875717)
Verdict: Cashmere Fund has notable concerns
20/100Mission Score
$0Revenue
$24KAssets
4Red Flags
3Strengths
Red Flags
Consistent $0 revenue for multiple years (2023, 2022, 2021, 2019, 2018) indicating lack of financial support or activity.
Declining assets from $37,780 in 2020 to $23,757 in 2023 without clear explanation of how funds were utilized for mission.
Minimal expenses ($280 in 2023, $175 in 2022) suggest very limited or no program delivery.
Lack of detailed financial information (due to 990-N filings) prevents a thorough analysis of spending efficiency and program impact.
Strengths
No reported liabilities ($0 across all filings) indicates financial stability in terms of debt.
Consistent reporting of $0 officer compensation suggests a volunteer-driven model or inactive leadership, avoiding excessive executive pay.
Consistent filing of IRS 990-N demonstrates basic compliance with regulatory requirements.
Spending Breakdown
How Cashmere Fund allocates its funds across programs, administration, and fundraising.
0%
Program Spending
Concerning — less than half to programs
100%
Admin Costs
High — over 25% on administration
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 Cashmere Fund
Is Cashmere Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Cashmere Fund (EIN: 203875717) has notable concerns. Mission Score: 20/100. 4 red flags identified, 3 strengths noted.
Is Cashmere Fund a good charity to donate to?
Cashmere Fund has a Mission Score of 20/100. Revenue: $0. Assets: $24K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Cashmere Fund?
The Employer Identification Number (EIN) for Cashmere Fund is 203875717. 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 Cashmere Fund spend its money?
Cashmere Fund allocates 0% to programs, 100% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Cashmere Fund's tax-exempt status?
You can verify Cashmere Fund's tax-exempt status using EIN 203875717 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 Cashmere Fund appears to be a very small, likely volunteer-run organization, given its consistent reporting of $0 in officer compensation across all available filings. Its financial activity has been minimal in recent years, with $0 revenue reported in 2023, 2022, 2021, 2019, and 2018. Expenses have also been extremely low, such as $280 in 2023 and $175 in 2022. The organization's assets have steadily declined from a high of $37,780 in 2020 to $23,757 in 2023, without significant corresponding program spending or revenue generation. This suggests a lack of active fundraising or program delivery in recent periods, raising questions about its current operational status and future viability.
While the organization consistently reports $0 liabilities, indicating no debt, its financial health is concerning due to the prolonged period of no revenue and minimal activity. The NTEE code D20 typically refers to Animal Protection & Welfare, but without program expense details, it's difficult to assess spending efficiency towards its stated mission. The consistent filing of IRS Form 990-N (e-Postcard) for organizations with gross receipts normally less than $50,000 indicates a basic level of compliance, but the lack of detailed financial statements (which would be required for larger organizations) limits deeper analysis of spending efficiency and program impact.