Is Corlette Glorney Foundation Inc Legit? —…

Quick charity verification for Corlette Glorney Foundation Inc (EIN: 136104151)

Spending Breakdown

How Corlette Glorney Foundation Inc allocates its funds across programs, administration, and fundraising.

60%

Program Spending

Below average — room for improvement

30%

Admin Costs

High — over 25% on administration

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 Corlette Glorney Foundation Inc

Is Corlette Glorney Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Corlette Glorney Foundation Inc (EIN: 136104151) shows mixed signals. Mission Score: 40/100. 4 red flags identified, 3 strengths noted.

Is Corlette Glorney Foundation Inc a good charity to donate to?

Corlette Glorney Foundation Inc has a Mission Score of 40/100. Revenue: $919K. Assets: $1.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Corlette Glorney Foundation Inc?

The Employer Identification Number (EIN) for Corlette Glorney Foundation Inc is 136104151. 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 Corlette Glorney Foundation Inc spend its money?

Corlette Glorney Foundation Inc allocates 60% to programs, 30% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Corlette Glorney Foundation Inc's tax-exempt status?

You can verify Corlette Glorney Foundation Inc's tax-exempt status using EIN 136104151 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 Corlette Glorney Foundation Inc. exhibits a concerning financial trend of consistently high expenses significantly outweighing its revenue over the past decade. For instance, in 2023, the organization reported revenue of $54,590 against expenses of $263,640, indicating a substantial deficit. This pattern is consistent across all reported periods, suggesting that the organization is drawing down its assets to cover operational costs. While the organization maintains a healthy asset base of $1,401,131, the continuous depletion of these assets due to operational deficits is unsustainable in the long term. The lack of reported officer compensation across all filings suggests a volunteer-led or minimally compensated leadership structure, which can be a positive indicator of resource allocation, but it doesn't offset the overall financial imbalance.

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's difficult to fully assess. However, the consistent and significant gap between revenue and expenses raises questions about the efficiency of its operations and the sustainability of its funding model. The organization's liabilities have remained minimal ($0-$1) throughout the reported periods, which is a positive sign of fiscal responsibility in managing debt. However, the core issue remains the inability to generate sufficient revenue to cover its expenditures.

Transparency appears to be adequate in terms of filing its IRS 990s, with 10 filings available. However, the NTEE code is unknown, which limits understanding of its specific mission area. The consistent operational deficits and reliance on asset drawdowns are significant concerns for its long-term financial health and impact.

Is Corlette Glorney Foundation Inc Legit?

Verdict: Corlette Glorney Foundation Inc shows mixed signals

Red Flags

Strengths