Is Consumer Financial Education Foundation…

Quick charity verification for Consumer Financial Education Foundation Of America (EIN: 203424094)

Spending Breakdown

How Consumer Financial Education Foundation Of America allocates its funds across programs, administration, and fundraising.

75%

Program Spending

Healthy — majority goes to mission

15%

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 Financial Education Foundation Of America

Is Consumer Financial Education Foundation Of America a legitimate charity?

Based on AI analysis of IRS 990 filings, Consumer Financial Education Foundation Of America (EIN: 203424094) shows mixed signals. Mission Score: 60/100. 4 red flags identified, 3 strengths noted.

Is Consumer Financial Education Foundation Of America a good charity to donate to?

Consumer Financial Education Foundation Of America has a Mission Score of 60/100. Revenue: $338K. Assets: $40K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Consumer Financial Education Foundation Of America?

The Employer Identification Number (EIN) for Consumer Financial Education Foundation Of America is 203424094. 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 Financial Education Foundation Of America spend its money?

Consumer Financial Education Foundation Of America allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Consumer Financial Education Foundation Of America's tax-exempt status?

You can verify Consumer Financial Education Foundation Of America's tax-exempt status using EIN 203424094 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 Financial Education Foundation Of America demonstrates a mixed financial picture. While the organization consistently reports revenue and expenses, its asset base has fluctuated significantly, from a low of $25,717 in 2022 to a high of $136,054 in 2023. A notable concern is the consistently high liabilities, which have often exceeded assets, such as in 2023 where liabilities were $338,859 against assets of $136,054, indicating a potential reliance on debt or deferred revenue. The organization's spending efficiency appears to vary year-to-year, with some periods showing expenses exceeding revenue (e.g., 2022 with $352,454 expenses on $256,885 revenue) and others showing a surplus (e.g., 2023 with $313,726 expenses on $363,708 revenue).

Transparency is generally good given the availability of 13 years of IRS 990 filings. However, without detailed breakdowns of program, administrative, and fundraising expenses within the provided data, a precise assessment of spending efficiency ratios is challenging. The consistent reporting of 0% officer compensation across all available filings suggests either a volunteer-led executive team or compensation being reported under other expense categories, which would warrant further investigation for complete transparency.

Overall, the organization shows consistent activity in its mission area, as evidenced by its continuous revenue generation and expenditure. However, the fluctuating financial health, particularly the asset-to-liability ratio, and the lack of detailed spending category breakdowns in the provided data, suggest areas where financial stability and transparency could be improved for a clearer understanding of its operational effectiveness.

Is Consumer Financial Education Foundation Of America Legit?

Verdict: Consumer Financial Education Foundation Of America shows mixed signals

Red Flags

Strengths