Quick charity verification for Concrete Foundation Inc (EIN: 203794063)
Verdict: Concrete Foundation Inc appears trustworthy
85/100Mission Score
$21.7MRevenue
$104.5MAssets
2Red Flags
4Strengths
Red Flags
Unusually low (0%) reported officer compensation for an organization of this size, which may obscure actual executive remuneration.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary, hindering a precise efficiency analysis.
Strengths
Consistent and significant asset growth, indicating strong financial management and sustainability (from $15.89M in 2011 to $104.48M currently).
Healthy financial position with revenues consistently exceeding expenses, leading to operational surpluses (e.g., $10.08M revenue vs. $6.92M expenses in 2023).
Low liabilities relative to assets, suggesting strong financial stability and minimal debt burden (e.g., $933,995 liabilities vs. $103.64M assets in 2023).
Consistent IRS 990 filing history over a decade, demonstrating good transparency and compliance.
Spending Breakdown
How Concrete Foundation 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 Concrete Foundation Inc
Is Concrete Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Concrete Foundation Inc (EIN: 203794063) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Concrete Foundation Inc a good charity to donate to?
Concrete Foundation Inc has a Mission Score of 85/100. Revenue: $21.7M. Assets: $104.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Concrete Foundation Inc?
The Employer Identification Number (EIN) for Concrete Foundation Inc is 203794063. 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 Concrete Foundation Inc spend its money?
Concrete Foundation Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Concrete Foundation Inc's tax-exempt status?
You can verify Concrete Foundation Inc's tax-exempt status using EIN 203794063 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
Concrete Foundation Inc demonstrates strong financial health and consistent growth in assets over the past decade, increasing from $15.89 million in 2011 to over $104.48 million currently. The organization consistently operates with a surplus, with revenues generally exceeding expenses, indicating sound financial management. For instance, in 2023, revenue was $10.08 million against expenses of $6.92 million. The organization's liabilities are consistently low relative to its assets, suggesting a healthy balance sheet and minimal financial risk.
Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment is challenging. However, the consistent operational surplus suggests that the organization is not overspending. The absence of reported officer compensation across all filings indicates a commitment to minimizing overhead in this area, which is a positive sign for donor confidence and resource allocation. The organization's NTEE code T50 (Philanthropy, Voluntarism, and Grantmaking Foundations) suggests its primary function is grantmaking, which typically involves lower direct program delivery costs but requires efficient grant administration.
Transparency appears to be good given the consistent filing of IRS Form 990s over a decade. The lack of reported officer compensation is a notable point of transparency, indicating that executive leadership may be volunteer-based or compensated through other means not captured as 'officer compensation' on the 990, which warrants further inquiry for complete understanding. Overall, the financial data points to a well-managed and financially stable organization.