Is Collette Foundation Legit?

Quick charity verification for Collette Foundation (EIN: 208256603)

Verdict: Collette Foundation appears trustworthy

92/100Mission Score
$455KRevenue
$2.9MAssets
1Red Flags
5Strengths

Red Flags

Strengths

Spending Breakdown

How Collette Foundation allocates its funds across programs, administration, and fundraising.

90%
Program Spending
Healthy — majority goes to mission
5%
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 Collette Foundation

Is Collette Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Collette Foundation (EIN: 208256603) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.

Is Collette Foundation a good charity to donate to?

Collette Foundation has a Mission Score of 92/100. Revenue: $455K. Assets: $2.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Collette Foundation?

The Employer Identification Number (EIN) for Collette Foundation is 208256603. 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 Collette Foundation spend its money?

Collette Foundation allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Collette Foundation's tax-exempt status?

You can verify Collette Foundation's tax-exempt status using EIN 208256603 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 Collette Foundation demonstrates strong financial health and spending efficiency, particularly in its most recent filing. In 2023, the organization reported revenue of $432,315 against expenses of $201,064, indicating a healthy surplus. Over the past five years, revenue has fluctuated, but the foundation consistently maintains a substantial asset base, growing from $2,264,455 in 2019 to $2,639,880 in 2023. This growth in assets, coupled with minimal liabilities (reported as $1 in recent years), suggests robust financial management and stability. The foundation's spending efficiency appears high, with expenses significantly lower than revenue in most periods, allowing for asset accumulation. A key indicator of transparency and good governance is the consistent reporting of 0% officer compensation across all available filings, suggesting that leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which is a positive sign for donor confidence. The NTEE code T20 (Philanthropy, Voluntarism, and Grantmaking Foundations) aligns with its operational profile, further indicating its role in charitable giving rather than direct service provision. Overall, the Collette Foundation exhibits a strong financial position, efficient spending patterns, and a high degree of transparency regarding executive compensation. Its consistent asset growth and low liability profile contribute to a positive assessment of its long-term sustainability and capacity to fulfill its mission.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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