Quick charity verification for Chordoma Foundation (EIN: 208423943)
Verdict: Chordoma Foundation appears trustworthy
95/100Mission Score
$5.4MRevenue
$11.4MAssets
1Red Flags
5Strengths
Red Flags
Unusually low reported liabilities relative to assets in some periods, which could warrant further investigation into financial structure, though generally a positive sign.
Strengths
Consistent and significant revenue growth, from $2,025,949 in 2014 to $7,442,618 in 2023.
Strong asset accumulation, growing from $2,379,674 in 2014 to $11,037,912 in 2023.
Zero reported officer compensation across all 13 filings, indicating exceptional dedication or a highly efficient operational model.
Positive net income in most years, demonstrating financial sustainability and ability to build reserves.
Clear financial transparency through consistent IRS 990 filings.
Spending Breakdown
How Chordoma Foundation 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 Chordoma Foundation
Is Chordoma Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Chordoma Foundation (EIN: 208423943) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
Is Chordoma Foundation a good charity to donate to?
Chordoma Foundation has a Mission Score of 95/100. Revenue: $5.4M. Assets: $11.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Chordoma Foundation?
The Employer Identification Number (EIN) for Chordoma Foundation is 208423943. 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 Chordoma Foundation spend its money?
Chordoma Foundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Chordoma Foundation's tax-exempt status?
You can verify Chordoma Foundation's tax-exempt status using EIN 208423943 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 Chordoma Foundation demonstrates strong financial health and a clear commitment to its mission, as evidenced by its consistent growth in revenue and assets over the past decade. In 2023, the organization reported revenue of $7,442,618 against expenses of $4,597,074, resulting in a significant surplus that further strengthened its asset base to $11,037,912. This trend of revenue exceeding expenses in most years indicates sound financial management and the ability to build reserves for future program delivery. The organization's NTEE code H30 (Medical Research) suggests a focus on research, which often entails substantial program costs. The absence of reported officer compensation across all available filings is a notable indicator of transparency and potentially a volunteer-led or very lean executive structure, which is highly commendable for a nonprofit of this size. The consistent growth in assets, from $2,379,674 in 2014 to over $11 million in 2023, reflects effective fundraising and prudent financial stewardship, allowing for sustained impact in its specialized field.