Quick charity verification for Catherine Fund (EIN: 202320373)
Verdict: Catherine Fund shows mixed signals
65/100Mission Score
$3KRevenue
$66KAssets
2Red Flags
3Strengths
Red Flags
Consistent deficit spending (expenses exceeding revenue) in multiple periods, such as 2022 ($3,174 expenses vs. $2,762 revenue) and 2021 ($5,458 expenses vs. $2,760 revenue).
Very low and fluctuating revenue, which could indicate instability or limited program reach.
Strengths
Consistent reporting of 0% officer compensation, suggesting a volunteer-driven model and efficient use of funds for leadership.
No reported liabilities across all available filings, indicating a debt-free financial position.
Consistent filing of IRS 990 forms, demonstrating a commitment to basic financial transparency.
Spending Breakdown
How Catherine Fund allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Catherine Fund
Is Catherine Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Catherine Fund (EIN: 202320373) shows mixed signals. Mission Score: 65/100. 2 red flags identified, 3 strengths noted.
Is Catherine Fund a good charity to donate to?
Catherine Fund has a Mission Score of 65/100. Revenue: $3K. Assets: $66K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Catherine Fund?
The Employer Identification Number (EIN) for Catherine Fund is 202320373. 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 Catherine Fund spend its money?
Catherine Fund allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Catherine Fund's tax-exempt status?
You can verify Catherine Fund's tax-exempt status using EIN 202320373 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 Catherine Fund appears to be a very small organization with limited financial activity. Its revenue has been consistently low, ranging from $2,760 to $5,546 over the past four reported periods. Expenses have frequently exceeded revenue, notably in 2019 where expenses were $12,741 against $5,112 in revenue, and in 2021 and 2022 where expenses were $5,458 and $3,174 respectively, exceeding revenues of $2,760 and $2,762. The organization maintains a modest asset base, reported at $66,364 in the latest filing, with no reported liabilities, indicating a stable but small financial position. The consistent reporting of 0% officer compensation suggests that the organization is likely volunteer-run, which can be a positive indicator of efficiency for very small nonprofits.