Quick charity verification for Coby Foundation Ltd (EIN: 133781874)
Verdict: Coby Foundation Ltd appears trustworthy
92/100Mission Score
$8.2MRevenue
$16.8MAssets
1Red Flags
5Strengths
Red Flags
Lack of detailed expense breakdown beyond officer compensation makes precise program efficiency analysis challenging.
Strengths
Consistent asset growth, increasing from $6.5M in 2011 to $13.9M in 2023.
Extremely low liabilities, consistently reported as $0 or $1.
Zero reported officer compensation across all filings, indicating high operational efficiency.
Consistent revenue generation exceeding expenses in most periods, leading to healthy surpluses.
Strong financial stability and low financial risk.
Spending Breakdown
How Coby Foundation Ltd allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Coby Foundation Ltd
Is Coby Foundation Ltd a legitimate charity?
Based on AI analysis of IRS 990 filings, Coby Foundation Ltd (EIN: 133781874) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Coby Foundation Ltd a good charity to donate to?
Coby Foundation Ltd has a Mission Score of 92/100. Revenue: $8.2M. Assets: $16.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Coby Foundation Ltd?
The Employer Identification Number (EIN) for Coby Foundation Ltd is 133781874. 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 Coby Foundation Ltd spend its money?
Coby Foundation Ltd allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Coby Foundation Ltd's tax-exempt status?
You can verify Coby Foundation Ltd's tax-exempt status using EIN 133781874 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 Coby Foundation Ltd demonstrates strong financial health and a clear commitment to its programmatic mission. Over the past five years, the organization has consistently maintained a healthy surplus, with revenues generally exceeding expenses. For instance, in 2023, revenue was $1,707,024 against expenses of $1,066,251, contributing to a steady growth in assets from $9,772,923 in 2019 to $13,990,851 in 2023. The foundation's liabilities have remained minimal, consistently reported as $1, indicating a very low financial risk profile.
Spending efficiency appears high, as the organization reports 0% officer compensation across all filings, suggesting that administrative costs are kept very low, or executive functions are performed on a pro bono basis. This allows a greater proportion of funds to be directed towards its programs. The consistent growth in assets, coupled with low liabilities and no reported officer compensation, points to a well-managed and financially stable entity focused on its mission. The lack of detailed expense breakdowns in the provided data makes a precise program vs. admin vs. fundraising split difficult to ascertain, but the absence of officer compensation is a strong indicator of efficiency.