Quick charity verification for Cobb Family Foundation (EIN: 134214365)
Verdict: Cobb Family Foundation appears trustworthy
75/100Mission Score
$653KRevenue
$1.6MAssets
2Red Flags
4Strengths
Red Flags
Expenses exceeded revenue in 2022 ($109,197 vs $79,389) and 2023 ($104,516 vs $79,335), indicating operational deficits.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided data limits full financial efficiency assessment.
Strengths
Consistent asset growth over the decade, reaching $1,415,452 in 2023.
Zero officer compensation reported across all filings, indicating efficient use of funds.
Very low liabilities (often $1) consistently, suggesting strong financial management and minimal debt.
Long history of IRS 990 filings (10 filings), demonstrating commitment to transparency.
Spending Breakdown
How Cobb Family Foundation 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 Cobb Family Foundation
Is Cobb Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Cobb Family Foundation (EIN: 134214365) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Cobb Family Foundation a good charity to donate to?
Cobb Family Foundation has a Mission Score of 75/100. Revenue: $653K. Assets: $1.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Cobb Family Foundation?
The Employer Identification Number (EIN) for Cobb Family Foundation is 134214365. 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 Cobb Family Foundation spend its money?
Cobb Family Foundation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Cobb Family Foundation's tax-exempt status?
You can verify Cobb Family Foundation's tax-exempt status using EIN 134214365 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 Cobb Family Foundation demonstrates consistent financial stability with assets steadily growing over the past decade, reaching $1,415,452 in 2023. While the organization experienced a significant revenue spike in 2021 ($226,266) and 2020 ($219,334), its more recent revenues in 2022 ($79,389) and 2023 ($79,335) are lower than its expenses for those years ($109,197 and $104,516 respectively), indicating a reliance on its asset base or prior year surpluses to cover operational costs. This trend of expenses exceeding revenue in recent years warrants attention, though the overall asset base remains robust.
The foundation's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent low liabilities (often $1) across all reported periods suggests sound financial management and minimal debt. The absence of officer compensation is a positive indicator for donor confidence, implying that resources are directed towards the foundation's mission rather than executive salaries.
In terms of transparency, the consistent filing of IRS Form 990s over a decade is a strong positive. However, the lack of detailed expense categorization in the provided data limits a deeper analysis of how funds are allocated. To fully evaluate spending efficiency, more granular data on program service accomplishments and related expenses would be beneficial.