Quick charity verification for Convergence Community Foundation (EIN: 204230839)
Verdict: Convergence Community Foundation has notable concerns
10/100Mission Score
$1Revenue
$4KAssets
4Red Flags
1Strengths
Red Flags
Consistent minimal to zero revenue generation (e.g., $1 in 2022, $0 in 2020) against ongoing expenses.
Significant and continuous decline in assets from $300,370 in 2014 to $23,545 in 2022.
Persistent operating deficits, with expenses far exceeding revenue in multiple periods (e.g., $1 revenue vs. $12,872 expenses in 2022).
Negative revenue reported in one period ($-39,612 in 2017), which is highly unusual.
Strengths
Consistently reports 0% officer compensation, indicating no executive salaries or benefits.
Spending Breakdown
How Convergence Community Foundation allocates its funds across programs, administration, and fundraising.
0%
Program Spending
Concerning — less than half to programs
100%
Admin Costs
High — over 25% on administration
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 Convergence Community Foundation
Is Convergence Community Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Convergence Community Foundation (EIN: 204230839) has notable concerns. Mission Score: 10/100. 4 red flags identified, 1 strength noted.
Is Convergence Community Foundation a good charity to donate to?
Convergence Community Foundation has a Mission Score of 10/100. Revenue: $1. Assets: $4K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Convergence Community Foundation?
The Employer Identification Number (EIN) for Convergence Community Foundation is 204230839. 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 Convergence Community Foundation spend its money?
Convergence Community Foundation allocates 0% to programs, 100% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Convergence Community Foundation's tax-exempt status?
You can verify Convergence Community Foundation's tax-exempt status using EIN 204230839 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
Convergence Community Foundation exhibits concerning financial trends, particularly a consistent pattern of minimal to no revenue generation against ongoing expenses. In 2022, the organization reported only $1 in revenue while incurring $12,872 in expenses, leading to a significant deficit. This pattern is not isolated, as most recent filings show zero revenue. The organization's assets have also seen a substantial decline from a high of $300,370 in 2014 to $23,545 in 2022, indicating a depletion of resources without corresponding income. While officer compensation is consistently reported as 0%, which is positive for transparency regarding executive pay, the overall financial sustainability is highly questionable given the persistent revenue shortfall and asset reduction. The lack of detailed expense breakdowns in the provided data makes it difficult to assess spending efficiency beyond the top-line figures, but the fundamental issue remains the inability to generate sufficient income to cover even modest operational costs.