Quick charity verification for Cincinnati Eye Institute Foundation (EIN: 204418334)
Verdict: Cincinnati Eye Institute Foundation appears trustworthy
85/100Mission Score
$979KRevenue
$671KAssets
2Red Flags
4Strengths
Red Flags
Significant deficit in the latest fiscal year (202312), with expenses exceeding revenue by $194,330.
Increase in liabilities in the most recent filing, from $90,508 in 202212 to $123,642 in 202312.
Strengths
Consistent reporting of 0% officer compensation across all filings, indicating strong resource allocation to mission.
Healthy asset base ($692,128 in 202312) providing financial stability despite recent deficit.
Long history of IRS 990 filings (13 filings), demonstrating commitment to transparency.
Consistent revenue growth trend over several years prior to the 202312 period, indicating strong donor support.
Spending Breakdown
How Cincinnati Eye Institute 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 Cincinnati Eye Institute Foundation
Is Cincinnati Eye Institute Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Cincinnati Eye Institute Foundation (EIN: 204418334) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Cincinnati Eye Institute Foundation a good charity to donate to?
Cincinnati Eye Institute Foundation has a Mission Score of 85/100. Revenue: $979K. Assets: $671K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Cincinnati Eye Institute Foundation?
The Employer Identification Number (EIN) for Cincinnati Eye Institute Foundation is 204418334. 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 Cincinnati Eye Institute Foundation spend its money?
Cincinnati Eye Institute Foundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Cincinnati Eye Institute Foundation's tax-exempt status?
You can verify Cincinnati Eye Institute Foundation's tax-exempt status using EIN 204418334 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 Cincinnati Eye Institute Foundation demonstrates a generally stable financial position, though the most recent filing (202312) shows expenses exceeding revenue by a significant margin ($803,105 in expenses vs. $608,775 in revenue), resulting in a net loss for the period. This contrasts with previous years, such as 202212 and 202112, where revenue slightly exceeded or was close to expenses, indicating a shift in financial performance. The organization's assets have fluctuated but remained robust, with $692,128 in assets reported in 202312, suggesting a healthy reserve to absorb short-term deficits. Liabilities have also seen an increase in 202312 to $123,642, which warrants monitoring.
The foundation's spending efficiency appears to be strong in terms of program focus, as indicated by the absence of officer compensation, suggesting that resources are directed towards its mission rather than executive salaries. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging. The consistent reporting of zero officer compensation across all available filings is a positive indicator of transparency regarding executive pay. The organization's consistent filing of IRS Form 990s over many years also points to a commitment to regulatory transparency.