Quick charity verification for Charles D Trover Family Foundation (EIN: 208020190)
Verdict: Charles D Trover Family Foundation appears trustworthy
85/100Mission Score
$485KRevenue
$5.5MAssets
1Red Flags
3Strengths
Red Flags
Consistent operational deficits (expenses exceeding revenue) across most filing periods.
Strengths
Substantial asset base of $5,492,783 provides financial stability.
0% officer compensation reported across all filings, indicating volunteer leadership.
Consistent filing of IRS Form 990s demonstrates transparency.
Spending Breakdown
How Charles D Trover Family Foundation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
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 Charles D Trover Family Foundation
Is Charles D Trover Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Charles D Trover Family Foundation (EIN: 208020190) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
Is Charles D Trover Family Foundation a good charity to donate to?
Charles D Trover Family Foundation has a Mission Score of 85/100. Revenue: $485K. Assets: $5.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Charles D Trover Family Foundation?
The Employer Identification Number (EIN) for Charles D Trover Family Foundation is 208020190. 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 Charles D Trover Family Foundation spend its money?
Charles D Trover Family Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Charles D Trover Family Foundation's tax-exempt status?
You can verify Charles D Trover Family Foundation's tax-exempt status using EIN 208020190 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 Charles D Trover Family Foundation appears to be a private foundation primarily focused on grantmaking, as indicated by its NTEE code T20. Over the past several years, the foundation has consistently spent more than it has brought in through revenue, drawing down its assets. For instance, in the 202406 period, revenue was $132,025 while expenses were $310,880, leading to a decrease in assets from $5,762,562 to $5,583,589. This trend of expenses exceeding revenue is consistent across most of the provided filing periods, suggesting a strategy of distributing funds from its endowment rather than growing it significantly through new contributions.
The foundation demonstrates strong financial transparency by consistently filing its IRS Form 990s. A notable positive aspect is the consistent reporting of 0% officer compensation across all available filings, indicating that the foundation's leadership is not drawing salaries from the organization. This practice generally aligns with good governance for smaller, family-oriented foundations. While specific program spending ratios aren't detailed in the provided summary, the overall financial health is stable given its substantial asset base of $5,492,783, which can sustain its grantmaking activities despite the operational deficits.