Is Charles Morgan Carraway And Joanne M Carraway Charitable Foundation Legit?
Quick charity verification for Charles Morgan Carraway And Joanne M Carraway Charitable Foundation (EIN: 201942780)
Verdict: Charles Morgan Carraway And Joanne M Carraway Charitable Foundation appears trustworthy
75/100Mission Score
$195KRevenue
$577KAssets
2Red Flags
3Strengths
Red Flags
Consistent deficit spending, with expenses significantly exceeding revenue in all reported periods (e.g., 2024 revenue $51,102 vs. expenses $168,405).
Significant and continuous decline in total assets over time, from $1,865,833 in 2012 to $692,729 in 2024, indicating depletion of the endowment.
Strengths
Zero officer compensation reported across all filings, indicating high efficiency in leadership costs.
Long history of public filings (9 filings), demonstrating transparency.
Consistent charitable expenditures, fulfilling its purpose as a private foundation by distributing funds.
Spending Breakdown
How Charles Morgan Carraway And Joanne M Carraway Charitable 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 Morgan Carraway And Joanne M Carraway Charitable Foundation
Is Charles Morgan Carraway And Joanne M Carraway Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Charles Morgan Carraway And Joanne M Carraway Charitable Foundation (EIN: 201942780) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Charles Morgan Carraway And Joanne M Carraway Charitable Foundation a good charity to donate to?
Charles Morgan Carraway And Joanne M Carraway Charitable Foundation has a Mission Score of 75/100. Revenue: $195K. Assets: $577K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Charles Morgan Carraway And Joanne M Carraway Charitable Foundation?
The Employer Identification Number (EIN) for Charles Morgan Carraway And Joanne M Carraway Charitable Foundation is 201942780. 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 Morgan Carraway And Joanne M Carraway Charitable Foundation spend its money?
Charles Morgan Carraway And Joanne M Carraway Charitable Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Charles Morgan Carraway And Joanne M Carraway Charitable Foundation's tax-exempt status?
You can verify Charles Morgan Carraway And Joanne M Carraway Charitable Foundation's tax-exempt status using EIN 201942780 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 Morgan Carraway And Joanne M Carraway Charitable Foundation appears to be a private foundation, as indicated by its consistent net asset decline and minimal revenue generation relative to expenses. Over the past nine years, the organization's assets have steadily decreased from $1,865,833 in 2012 to $692,729 in 2024, while expenses have consistently outpaced revenue. For example, in 2024, revenue was $51,102 against expenses of $168,405. This operational model suggests it is primarily distributing its endowment rather than actively fundraising for new programs.
Spending efficiency is difficult to fully assess without a detailed functional expense breakdown (program, administrative, fundraising) from the provided data. However, the consistent deficit spending implies that the foundation is fulfilling its charitable purpose by distributing its principal. The absence of officer compensation across all reported periods is a positive indicator of efficient use of funds, as no funds are diverted to executive salaries. Transparency is generally good, with nine years of public filings available.
Given the nature of a private foundation, the financial health is tied to its ability to continue making distributions from its declining asset base. While the assets have decreased significantly, the foundation continues to operate and make expenditures. Its long-term sustainability depends on the rate of asset depletion and any future contributions or investment returns.