Is Community Foundation Of Harford County Inc Legit?
Quick charity verification for Community Foundation Of Harford County Inc (EIN: 10880770)
Verdict: Community Foundation Of Harford County Inc appears trustworthy
85/100Mission Score
$1.6MRevenue
$5.0MAssets
2Red Flags
5Strengths
Red Flags
Unusually low reported liabilities relative to assets in some periods (e.g., $24,350 liabilities vs. $1,821,080 assets in 2019), which could indicate strong financial management or a need for deeper analysis into financial structure.
Consistent 0% officer compensation, which, while potentially positive, is atypical for an organization of this scale and warrants further inquiry into how leadership is compensated or sustained.
Strengths
Consistent growth in assets, from $877,657 in 2014 to $3,687,923 in 2023, demonstrating strong financial management and sustainability.
Revenue consistently exceeding expenses, indicating efficient operations and the ability to build reserves (e.g., 2023 revenue $810,706 vs. expenses $385,029).
Reported 0% officer compensation across all filings, suggesting a high dedication to mission and potentially volunteer-driven leadership.
Regular and consistent filing of IRS 990s, indicating good transparency practices.
Low liabilities relative to assets in most periods, suggesting a healthy balance sheet and low financial risk.
Spending Breakdown
How Community Foundation Of Harford County Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Community Foundation Of Harford County Inc
Is Community Foundation Of Harford County Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Community Foundation Of Harford County Inc (EIN: 10880770) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
Is Community Foundation Of Harford County Inc a good charity to donate to?
Community Foundation Of Harford County Inc has a Mission Score of 85/100. Revenue: $1.6M. Assets: $5.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Community Foundation Of Harford County Inc?
The Employer Identification Number (EIN) for Community Foundation Of Harford County Inc is 10880770. 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 Community Foundation Of Harford County Inc spend its money?
Community Foundation Of Harford County Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Community Foundation Of Harford County Inc's tax-exempt status?
You can verify Community Foundation Of Harford County Inc's tax-exempt status using EIN 10880770 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 Community Foundation Of Harford County Inc demonstrates consistent growth in revenue and assets over the past decade, indicating strong financial health. For instance, assets grew from $877,657 in 2014 to $3,687,923 in 2023. The organization's spending efficiency appears robust, with expenses generally well below revenue, allowing for asset accumulation. In 2023, expenses were $385,029 against revenues of $810,706. A notable aspect of their financial management is the reported 0% officer compensation across all available filings, which suggests a high degree of volunteer leadership or that compensation is not reported under 'officer compensation' in a way that is visible in these summaries. This practice, if it means no compensation for top leadership, could be seen as a strength in terms of resource allocation directly to mission, but also raises questions about the sustainability of leadership without compensation. The organization's consistent filing of IRS 990s demonstrates a commitment to transparency.