Is Charleys Fund Inc Legit?

Spending Breakdown

How Charleys Fund Inc allocates its funds across programs, administration, and fundraising.

85%

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 Charleys Fund Inc

Is Charleys Fund Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Charleys Fund Inc (EIN: 202014968) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.

Is Charleys Fund Inc a good charity to donate to?

Charleys Fund Inc has a Mission Score of 75/100. Revenue: $639K. Assets: $1.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Charleys Fund Inc?

The Employer Identification Number (EIN) for Charleys Fund Inc is 202014968. 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 Charleys Fund Inc spend its money?

Charleys Fund Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Charleys Fund Inc's tax-exempt status?

You can verify Charleys Fund Inc's tax-exempt status using EIN 202014968 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

Charleys Fund Inc demonstrates a commitment to its mission with a strong program spending ratio, as evidenced by its latest available data. The organization consistently reports 0% officer compensation across all available filings, indicating a volunteer-driven leadership or a structure where executive salaries are not a significant expense, which is a positive sign for donor confidence. However, the organization has experienced significant fluctuations in revenue and expenses over the past decade, with expenses exceeding revenue in several periods, including 2023, 2022, and 2021. This trend suggests a reliance on accumulated assets or prior year surpluses to cover operational costs, which warrants closer monitoring.

The financial health shows a notable decrease in assets from a peak of $7,174,159 in 2014 to $1,028,035 in 2023, alongside a general trend of expenses often exceeding revenue. While this could be indicative of strategic spending down of assets to achieve programmatic goals, it also points to a need for sustainable revenue generation to maintain long-term financial stability. The consistent reporting of zero officer compensation enhances transparency and efficiency, ensuring more funds are directed towards the mission rather than administrative overhead. The organization's NTEE code H50 (Diseases, Disorders, Medical Disciplines) suggests a clear programmatic focus.

Overall, Charleys Fund Inc appears to be a mission-focused organization with good spending efficiency in terms of executive compensation. However, the declining asset base and recurring deficits between revenue and expenses suggest potential long-term financial sustainability challenges that donors should be aware of. The transparency regarding officer compensation is commendable, but a deeper dive into the nature of the expense categories would provide a more complete picture of spending efficiency beyond just executive pay.

Verdict: Charleys Fund Inc appears trustworthy

Red Flags

Strengths