Is Charitable Foundation Of The Energy Bar…

Quick charity verification for Charitable Foundation Of The Energy Bar Association (EIN: 10743607)

Spending Breakdown

How Charitable Foundation Of The Energy Bar Association allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Charitable Foundation Of The Energy Bar Association

Is Charitable Foundation Of The Energy Bar Association a legitimate charity?

Based on AI analysis of IRS 990 filings, Charitable Foundation Of The Energy Bar Association (EIN: 10743607) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 4 strengths noted.

Is Charitable Foundation Of The Energy Bar Association a good charity to donate to?

Charitable Foundation Of The Energy Bar Association has a Mission Score of 95/100. Revenue: $253K. Assets: $238K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Charitable Foundation Of The Energy Bar Association?

The Employer Identification Number (EIN) for Charitable Foundation Of The Energy Bar Association is 10743607. 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 Charitable Foundation Of The Energy Bar Association spend its money?

Charitable Foundation Of The Energy Bar Association allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Charitable Foundation Of The Energy Bar Association's tax-exempt status?

You can verify Charitable Foundation Of The Energy Bar Association's tax-exempt status using EIN 10743607 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 Charitable Foundation Of The Energy Bar Association demonstrates consistent financial stability, with assets generally exceeding liabilities across its filing history. For instance, in 2023, assets were $256,529 against liabilities of $8,462, indicating a healthy balance sheet. The organization's revenue and expenses have fluctuated, with a notable spike in revenue in 2018 ($346,967) and a corresponding increase in expenses ($217,812). More recently, revenue and expenses have been relatively stable, around $90,000 annually. The organization consistently reports 0% officer compensation, which is a strong indicator of volunteer leadership and efficient use of funds for its mission. This practice enhances its transparency and financial health by directing more resources to programs rather than administrative overhead related to executive salaries.

While specific program spending percentages are not explicitly detailed in the provided summary, the consistent reporting of 0% officer compensation suggests a lean operational model. The organization's NTEE code T30 (Philanthropy, Voluntarism, and Grantmaking Foundations) implies its primary function is likely grantmaking or supporting other charitable activities, rather than direct service delivery. The relatively low and stable expense levels in recent years, compared to revenue, indicate prudent financial management and an ability to maintain a positive net asset position. The absence of officer compensation is a significant positive factor in assessing its spending efficiency and commitment to its charitable purpose.

Overall, the foundation appears to be a well-managed entity with a strong commitment to its mission, as evidenced by its financial stability and lack of executive compensation. Its consistent filing history and clear financial reporting contribute to its transparency. The organization's ability to maintain a healthy asset base while operating with minimal administrative costs (related to executive salaries) suggests a focus on maximizing its charitable impact.

Is Charitable Foundation Of The Energy Bar Association Legit?

Verdict: Charitable Foundation Of The Energy Bar Association appears trustworthy

Strengths