Significant decline in assets: Assets dropped from $27,581 in 2019 to $1,588 in 2023.
Low and inconsistent revenue: Revenue has been very low, often below $10,000, and highly variable over the years.
Potential for long-term unsustainability: The current financial trajectory of asset depletion to cover deficits is not sustainable.
Strengths
No officer compensation reported: Indicates a lean executive structure with no salaries paid to officers.
Minimal liabilities: Liabilities have remained low and manageable, often around $3,000-$3,650, and were $0 in 2023.
Spending Breakdown
How Consumer Bankers Foundation allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 Consumer Bankers Foundation
Is Consumer Bankers Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Consumer Bankers Foundation (EIN: 203036827) has notable concerns. Mission Score: 35/100. 4 red flags identified, 2 strengths noted.
Is Consumer Bankers Foundation a good charity to donate to?
Consumer Bankers Foundation has a Mission Score of 35/100. Revenue: $3K. Assets: $2K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Consumer Bankers Foundation?
The Employer Identification Number (EIN) for Consumer Bankers Foundation is 203036827. 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 Consumer Bankers Foundation spend its money?
Consumer Bankers Foundation allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Consumer Bankers Foundation's tax-exempt status?
You can verify Consumer Bankers Foundation's tax-exempt status using EIN 203036827 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 Consumer Bankers Foundation exhibits a concerning financial trend, with expenses consistently exceeding revenue in recent years. In 2023, the organization reported revenue of $2,500 against expenses of $12,308, resulting in a significant deficit. This pattern is not isolated, as 2021 and 2020 also showed expenses far outstripping revenue. While the organization maintains minimal liabilities, its assets have sharply declined from $27,581 in 2019 to $1,588 in 2023, indicating a depletion of reserves. The consistent lack of reported officer compensation suggests a volunteer-driven or very lean operational structure, which can be a positive for efficiency, but the overall financial instability raises questions about long-term sustainability and program impact given the low revenue figures.
The organization's financial health appears precarious, with a clear trend of operating at a loss. The low revenue figures across multiple years, often in the range of $0 to $10,000, suggest a very limited scale of operations or funding challenges. Without detailed expense breakdowns, it's difficult to assess spending efficiency precisely, but the overall financial trajectory points to an organization struggling to cover its costs. The absence of officer compensation is a positive transparency indicator regarding executive pay, but the broader financial picture warrants caution.