Quick charity verification for Classmate Fund Inc (EIN: 133211654)
Verdict: Classmate Fund Inc shows mixed signals
60/100Mission Score
$3.0MRevenue
$2.1MAssets
4Red Flags
3Strengths
Red Flags
Significant operational deficit in 2023 ($107,839 revenue vs. $729,985 expenses).
Negative revenue reported in 2022 ($-48,345).
Consistent decline in assets over the last three periods ($2,703,606 in 2021 to $1,978,584 in 2023).
Lack of detailed expense breakdown in provided data, making efficiency assessment difficult.
Strengths
Zero officer compensation across all reported periods, indicating volunteer leadership.
Zero liabilities reported across all periods, demonstrating strong financial solvency.
Maintains a substantial asset base ($1,978,584 in 2023) despite recent operational losses.
Spending Breakdown
How Classmate Fund Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Classmate Fund Inc
Is Classmate Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Classmate Fund Inc (EIN: 133211654) shows mixed signals. Mission Score: 60/100. 4 red flags identified, 3 strengths noted.
Is Classmate Fund Inc a good charity to donate to?
Classmate Fund Inc has a Mission Score of 60/100. Revenue: $3.0M. Assets: $2.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Classmate Fund Inc?
The Employer Identification Number (EIN) for Classmate Fund Inc is 133211654. 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 Classmate Fund Inc spend its money?
Classmate Fund Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Classmate Fund Inc's tax-exempt status?
You can verify Classmate Fund Inc's tax-exempt status using EIN 133211654 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
Classmate Fund Inc. exhibits concerning financial trends, particularly in its most recent filing period (202312) where expenses ($729,985) significantly outstripped revenue ($107,839), resulting in a substantial net loss. This follows a previous period (202212) with negative revenue ($-48,345), indicating an inconsistent and potentially unsustainable funding model. While the organization maintains a healthy asset base ($1,978,584 in 202312) and zero liabilities, suggesting good financial stewardship in terms of debt, the consistent operational deficits raise questions about long-term viability and program impact. The absence of officer compensation across all reported periods is a positive indicator of volunteer leadership and efficient use of funds in that area.
The organization's financial health appears to be deteriorating based on recent operational performance, despite a solid asset foundation. The significant expense increase in 202312 without a corresponding revenue boost is a major concern. Without detailed expense breakdowns, it's difficult to assess spending efficiency beyond the lack of executive compensation. The consistent zero liabilities across all filings is a strong point for financial stability, but it doesn't offset the operational losses. Further transparency regarding program activities and the nature of the large expense increase in 2023 would be beneficial for a complete assessment.