Quick charity verification for Chatlos Foundation Inc (EIN: 136161425)
Verdict: Chatlos Foundation Inc appears trustworthy
85/100Mission Score
$39.1MRevenue
$51.2MAssets
1Red Flags
3Strengths
Red Flags
Significant fluctuations in annual revenue, including negative figures, which could indicate reliance on volatile investment returns.
Strengths
Zero reported officer compensation across all filings, indicating efficient use of funds at the executive level.
Consistent distribution of funds, as evidenced by expenses generally exceeding or being close to revenue in many periods, and a declining asset base over time.
Substantial asset base ($51,699,741 in 202312) provides a strong foundation for ongoing grantmaking.
Spending Breakdown
How Chatlos Foundation Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
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 Chatlos Foundation Inc
Is Chatlos Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Chatlos Foundation Inc (EIN: 136161425) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
Is Chatlos Foundation Inc a good charity to donate to?
Chatlos Foundation Inc has a Mission Score of 85/100. Revenue: $39.1M. Assets: $51.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Chatlos Foundation Inc?
The Employer Identification Number (EIN) for Chatlos Foundation Inc is 136161425. 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 Chatlos Foundation Inc spend its money?
Chatlos Foundation Inc allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Chatlos Foundation Inc's tax-exempt status?
You can verify Chatlos Foundation Inc's tax-exempt status using EIN 136161425 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 Chatlos Foundation Inc. demonstrates a consistent commitment to its program services, as evidenced by its spending patterns. In the 202312 period, the organization reported total expenses of $3,799,780. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the absence of officer compensation across all reported periods suggests a lean operational structure at the executive level, which can contribute to greater efficiency. The foundation's assets have fluctuated, from a high of $66,621,684 in 201212 to $51,699,741 in 202312, indicating a strategy of distributing funds rather than accumulating them indefinitely. The negative revenue in some years (e.g., $-242,536 in 202212 and $-2,669,630 in 201112) is typical for foundations that primarily distribute grants and may experience investment losses or significant asset revaluations in certain fiscal years, rather than generating earned income. This pattern suggests a focus on grantmaking activities funded by its endowment.