Quick charity verification for Charles Edison Fund (EIN: 221514861)
Verdict: Charles Edison Fund appears trustworthy
70/100Mission Score
$6.5MRevenue
$11.1MAssets
2Red Flags
3Strengths
Red Flags
Total assets have shown a consistent decline from $16,997,544 in 2013 to $11,835,719 in 2023.
Revenue has been highly variable, with a significant drop from $5,547,185 in 2013 to $1,216,140 in 2023, despite relatively stable expenses.
Strengths
The fund maintains a consistent level of program service expenses, demonstrating ongoing commitment to its mission despite fluctuating revenue.
Administrative and fundraising costs appear to be very low, suggesting efficient operations.
The fund has a long history of operation, with filings available back to at least 2013.
Spending Breakdown
How Charles Edison Fund allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Charles Edison Fund
Is Charles Edison Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Charles Edison Fund (EIN: 221514861) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
Is Charles Edison Fund a good charity to donate to?
Charles Edison Fund has a Mission Score of 70/100. Revenue: $6.5M. Assets: $11.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Charles Edison Fund?
The Employer Identification Number (EIN) for Charles Edison Fund is 221514861. 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 Edison Fund spend its money?
Charles Edison Fund allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Charles Edison Fund's tax-exempt status?
You can verify Charles Edison Fund's tax-exempt status using EIN 221514861 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
Charles Edison Fund is a unknown nonprofit based in Newark, New Jersey, with reported revenue of $6.5M and assets of $11.1M. Our AI analysis assigns a Mission Score of 70/100 (Good). Approximately 85% of spending goes to programs, 10% to administration, and 5% to fundraising. Executive compensation is reported as $0 across all available filings, indicating no direct compensation to officers, directors, trustees, or key employees from the fund itself. Revenue has declined -37% across 10 filing periods.