Stable, albeit declining, asset base: Holds significant assets ($230,000 in 2023) relative to its annual revenue, providing a buffer.
Spending Breakdown
How Corballis Emergency Medicine Research Fund 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 Corballis Emergency Medicine Research Fund
Is Corballis Emergency Medicine Research Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Corballis Emergency Medicine Research Fund (EIN: 200122939) shows mixed signals. Mission Score: 60/100. 3 red flags identified, 3 strengths noted.
Is Corballis Emergency Medicine Research Fund a good charity to donate to?
Corballis Emergency Medicine Research Fund has a Mission Score of 60/100. Revenue: $11K. Assets: $341K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Corballis Emergency Medicine Research Fund?
The Employer Identification Number (EIN) for Corballis Emergency Medicine Research Fund is 200122939. 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 Corballis Emergency Medicine Research Fund spend its money?
Corballis Emergency Medicine Research Fund allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Corballis Emergency Medicine Research Fund's tax-exempt status?
You can verify Corballis Emergency Medicine Research Fund's tax-exempt status using EIN 200122939 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 Corballis Emergency Medicine Research Fund appears to be a small, asset-holding organization with a consistent pattern of spending significantly more than its revenue. In 2023, the organization reported revenue of $8,239 against expenses of $15,077, continuing a trend seen in previous years where expenses consistently outstrip income. For example, in 2022, revenue was $5,293 while expenses were $16,234. This operational deficit is sustained by drawing down its assets, which have steadily declined from $353,525 in 2011 to $230,000 in 2023. The organization reports zero officer compensation across all filings, which is a positive indicator for donor confidence regarding executive pay. However, without a detailed breakdown of expenses, it's challenging to assess the efficiency of its program spending versus administrative or fundraising costs. The consistent liabilities of $1 in recent years suggest minimal financial obligations beyond its operational structure.
The organization's financial health, while stable in terms of asset base, shows a concerning trend of negative net income for over a decade. While it has substantial assets relative to its annual revenue, this burn rate is unsustainable in the long term without a significant increase in funding or a reduction in expenses. The lack of officer compensation is a strong point for transparency. However, the absence of detailed expense categories in the provided data makes a thorough assessment of spending efficiency difficult. Donors would benefit from more granular information on how the $15,077 in 2023 expenses were allocated to understand the impact of their contributions.
Overall, the Corballis Emergency Medicine Research Fund demonstrates a commitment to avoiding executive compensation, which is commendable. However, its long-term financial sustainability is questionable given the persistent operational deficits. While it holds significant assets, these are being depleted to cover ongoing expenses. Improved transparency regarding expense allocation would greatly enhance the ability to evaluate its spending efficiency and program impact.