Is Colleges Of The Fenway Inc Legit? —…

Spending Breakdown

How Colleges Of The Fenway Inc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Colleges Of The Fenway Inc

Is Colleges Of The Fenway Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Colleges Of The Fenway Inc (EIN: 113682703) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

Is Colleges Of The Fenway Inc a good charity to donate to?

Colleges Of The Fenway Inc has a Mission Score of 85/100. Revenue: $3.2M. Assets: $2.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Colleges Of The Fenway Inc?

The Employer Identification Number (EIN) for Colleges Of The Fenway Inc is 113682703. 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 Colleges Of The Fenway Inc spend its money?

Colleges Of The Fenway Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Colleges Of The Fenway Inc's tax-exempt status?

You can verify Colleges Of The Fenway Inc's tax-exempt status using EIN 113682703 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

Colleges Of The Fenway Inc demonstrates consistent financial operations, with revenues generally tracking expenses closely over the past decade. For instance, in 2023, revenue was $3,489,040 against expenses of $3,478,467, indicating a near break-even operation. The organization's assets have shown growth, increasing from $2,059,591 in 2014 to $3,004,671 in 2023, suggesting a stable financial position. Liabilities have also increased proportionally, but the asset-to-liability ratio remains healthy, with assets consistently exceeding liabilities.

Spending efficiency appears to be a strong point, as the organization reports 0% officer compensation across all available filings. This suggests that the organization's leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which can be a positive indicator for donor confidence. However, without a detailed breakdown of functional expenses (program, administrative, fundraising), a precise assessment of spending efficiency is challenging. The consistent near break-even financial performance indicates careful management of resources.

Transparency is generally good given the consistent filing of IRS Form 990s. The absence of reported officer compensation is a notable aspect of their financial transparency. To further enhance transparency, a more detailed breakdown of functional expenses would be beneficial for stakeholders to understand how funds are allocated across programs, administration, and fundraising efforts. Overall, the organization appears to be financially stable and responsibly managed, with a clear commitment to its mission as evidenced by its operational consistency.

Is Colleges Of The Fenway Inc Legit?

Verdict: Colleges Of The Fenway Inc appears trustworthy

Red Flags

Strengths