Quick charity verification for Colony Brands Foundation Inc (EIN: 201344988)
Verdict: Colony Brands Foundation Inc appears trustworthy
90/100Mission Score
$7.8MRevenue
$4.1MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistently strong asset base, reaching $7,066,588 in 2023.
Zero reported officer compensation across all filings, indicating high efficiency and volunteer commitment.
Zero liabilities reported in most recent filings, demonstrating excellent financial health.
Consistent program spending, often exceeding annual revenue by drawing from assets, ensuring continuous impact.
High transparency due to clear financial reporting and lack of debt.
Spending Breakdown
How Colony Brands Foundation Inc allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
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 Colony Brands Foundation Inc
Is Colony Brands Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Colony Brands Foundation Inc (EIN: 201344988) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Colony Brands Foundation Inc a good charity to donate to?
Colony Brands Foundation Inc has a Mission Score of 90/100. Revenue: $7.8M. Assets: $4.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Colony Brands Foundation Inc?
The Employer Identification Number (EIN) for Colony Brands Foundation Inc is 201344988. 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 Colony Brands Foundation Inc spend its money?
Colony Brands Foundation Inc allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Colony Brands Foundation Inc's tax-exempt status?
You can verify Colony Brands Foundation Inc's tax-exempt status using EIN 201344988 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
Colony Brands Foundation Inc. demonstrates a consistent commitment to its mission, as evidenced by its program spending. In the most recent filing (202312), the organization spent $857,684, with a significant portion directed towards program services. The foundation maintains a healthy asset base, with $7,066,588 in assets and no liabilities reported in 2023, indicating strong financial stability and responsible management of resources.
The organization's revenue has fluctuated over the years, from a low of $98,196 in 2015 to a high of $3,693,946 in 2022. Despite these fluctuations, the foundation has consistently maintained a strong financial position, often spending more than its annual revenue in certain years, drawing from its substantial asset base to support its programs. This suggests a strategic approach to funding its initiatives, utilizing accumulated resources to ensure consistent impact.
Transparency is high, with zero officer compensation reported across all available filings, which is a strong indicator of a volunteer-driven or highly efficient leadership structure. The absence of liabilities further enhances its financial health and transparency profile, as it suggests sound financial practices and minimal debt burden.