Quick charity verification for Core Foundation (EIN: 205997764)
Verdict: Core Foundation appears trustworthy
85/100Mission Score
$626KRevenue
$511KAssets
2Red Flags
5Strengths
Red Flags
Growing liabilities relative to assets (e.g., $260,611 liabilities vs. $482,063 assets in 2023) could indicate reliance on short-term funding or specific project-based debt.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary makes a precise efficiency analysis challenging.
Strengths
Consistent and strong revenue growth over the past decade, from $47,205 in 2015 to $675,532 in 2023.
Healthy asset accumulation, growing from $28,259 in 2015 to $482,063 in 2023.
0% officer compensation reported across all filings, indicating a highly efficient use of funds at the executive level.
Expenses generally track below revenue, allowing for asset growth and financial stability.
Long history of IRS 990 filings (13 filings), demonstrating transparency and consistent reporting.
Spending Breakdown
How Core Foundation allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Core Foundation
Is Core Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Core Foundation (EIN: 205997764) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
Is Core Foundation a good charity to donate to?
Core Foundation has a Mission Score of 85/100. Revenue: $626K. Assets: $511K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Core Foundation?
The Employer Identification Number (EIN) for Core Foundation is 205997764. 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 Core Foundation spend its money?
Core Foundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Core Foundation's tax-exempt status?
You can verify Core Foundation's tax-exempt status using EIN 205997764 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
Core Foundation demonstrates a consistent pattern of growth in revenue and assets over the past decade, indicating increasing capacity and donor support. For example, revenue grew from $47,205 in 2015 to $675,532 in 2023, and assets increased from $28,259 to $482,063 in the same period. The organization's liabilities have also grown, reaching $260,611 in 2023, which is a significant portion of its assets, suggesting a reliance on short-term funding or specific project-based liabilities.
The organization's spending efficiency appears strong, with expenses generally tracking below revenue, allowing for asset accumulation. A key aspect of their financial health is the reported 0% officer compensation across all available filings, which suggests a volunteer-led or very lean administrative structure at the executive level. This contributes positively to their program spending potential and overall efficiency.
Transparency is enhanced by the consistent filing of IRS Form 990s, with 13 filings available, providing a detailed financial history. The absence of officer compensation is a notable transparency point, indicating that executive leadership is not drawing salaries from the organization's funds. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency across these categories is limited.