Quick charity verification for Chant Foundation (EIN: 208039356)
Verdict: Chant Foundation has notable concerns
10/100Mission Score
$19Revenue
$1Assets
4Red Flags
2Strengths
Red Flags
Dramatic decline in assets from $376,973 in 2011 to $1 in 2021, without clear explanation.
Extremely low revenue ($19) and assets ($1) in the most recent filing (2021), suggesting potential dormancy or operational issues.
Expenses ($188 in 2021) significantly exceed revenue ($19) in the latest period, indicating a deficit operation.
Lack of detailed expense breakdown in provided data makes it impossible to assess spending efficiency.
Strengths
Consistent reporting of 0% officer compensation across all filings, indicating no executive salaries.
History of regular IRS 990 filings, demonstrating a commitment to transparency in reporting.
Spending Breakdown
How Chant Foundation allocates its funds across programs, administration, and fundraising.
0%
Program Spending
Concerning — less than half to programs
0%
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 Chant Foundation
Is Chant Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Chant Foundation (EIN: 208039356) has notable concerns. Mission Score: 10/100. 4 red flags identified, 2 strengths noted.
Is Chant Foundation a good charity to donate to?
Chant Foundation has a Mission Score of 10/100. Revenue: $19. Assets: $1. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Chant Foundation?
The Employer Identification Number (EIN) for Chant Foundation is 208039356. 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 Chant Foundation spend its money?
Chant Foundation allocates 0% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Chant Foundation's tax-exempt status?
You can verify Chant Foundation's tax-exempt status using EIN 208039356 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
Chant Foundation exhibits extremely low financial activity in its most recent filings, with revenue of $19 and expenses of $188 in 2021, and assets of only $1. This represents a significant decline from earlier periods, such as 2012 and 2011, when assets were over $376,000. The organization has consistently reported zero officer compensation across all available filings, which is a positive indicator for avoiding excessive executive pay. However, the current financial state suggests minimal operational capacity or a near-dormant status.
The organization's spending efficiency is difficult to assess given the minimal financial figures. In 2021, expenses ($188) significantly exceeded revenue ($19), indicating a reliance on prior assets or a deficit operation. The lack of detailed expense breakdowns in the provided data makes it impossible to determine the allocation between programs, administration, and fundraising. The dramatic reduction in assets from hundreds of thousands to just $1 raises questions about the disposition of those funds and the organization's long-term viability.
Transparency appears adequate in terms of filing history, with seven filings available. However, the extremely low financial figures in recent years make it challenging to gauge the actual impact or current operational health. The absence of officer compensation is a strong point for transparency regarding executive pay, but the overall financial picture suggests a need for more clarity on the organization's current activities and future plans, especially given the substantial decrease in assets over time.