Quick charity verification for Colman Family Foundation (EIN: 205862664)
Verdict: Colman Family Foundation appears trustworthy
95/100Mission Score
$922KRevenue
$4.3MAssets
1Red Flags
4Strengths
Red Flags
Significant year-over-year revenue volatility (e.g., $4.1M in 2020 vs. $456K in 2023) could indicate reliance on unpredictable funding sources.
Strengths
Consistent zero officer compensation, indicating high efficiency and dedication to mission.
Strong and stable asset base ($4,272,400), providing long-term financial security.
Extremely low liabilities across all reporting periods, demonstrating sound financial management.
Positive net assets, indicating financial health and capacity to fulfill its mission.
Spending Breakdown
How Colman Family Foundation 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 Colman Family Foundation
Is Colman Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Colman Family Foundation (EIN: 205862664) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
Is Colman Family Foundation a good charity to donate to?
Colman Family Foundation has a Mission Score of 95/100. Revenue: $922K. Assets: $4.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Colman Family Foundation?
The Employer Identification Number (EIN) for Colman Family Foundation is 205862664. 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 Colman Family Foundation spend its money?
Colman Family Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Colman Family Foundation's tax-exempt status?
You can verify Colman Family Foundation's tax-exempt status using EIN 205862664 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 Colman Family Foundation demonstrates consistent financial health with a strong asset base, currently at $4,272,400. While revenue has fluctuated significantly over the years, from a high of $4,198,175 in 2020 to $456,472 in 2023, the organization has maintained substantial assets, indicating good long-term financial stewardship. The foundation consistently reports zero officer compensation, which is a strong indicator of efficient spending and a commitment to directing funds towards its mission rather than administrative overhead. The very low liabilities across all reported periods also point to sound financial management and minimal debt burden.
Spending efficiency appears high given the zero officer compensation. Without a detailed breakdown of program, administrative, and fundraising expenses from the provided data, it's challenging to precisely quantify efficiency ratios. However, the consistent reporting of minimal liabilities and the absence of executive compensation suggest that a significant portion of expenses is likely directed towards programmatic activities. The foundation's transparency is excellent regarding executive compensation, as it consistently reports $0, which is a key metric for many donors.
Overall, the Colman Family Foundation appears to be a well-managed organization with a solid financial foundation. Its consistent asset growth over the long term, despite revenue fluctuations, and its commitment to zero executive compensation are strong positive indicators. Further detailed expense breakdowns would provide even greater insight into its spending efficiency across different categories.