Quick charity verification for Cornolia Cogswell Rossi Foundation Inc (EIN: 201420345)
Verdict: Cornolia Cogswell Rossi Foundation Inc shows mixed signals
55/100Mission Score
$3.3MRevenue
$2.6MAssets
3Red Flags
2Strengths
Red Flags
Consistent and significant operating deficits (expenses exceeding revenue) in all reported periods.
Substantial decline in total assets from $14.6 million in 2011 to $3.8 million in 2023, indicating asset depletion.
Lack of detailed functional expense breakdown (program vs. admin/fundraising) in the provided data, hindering full spending efficiency analysis.
Strengths
0% officer compensation reported across all filings, indicating strong executive cost control and transparency.
Consistent filing of IRS Form 990s, demonstrating compliance with reporting requirements.
Spending Breakdown
How Cornolia Cogswell Rossi Foundation Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Cornolia Cogswell Rossi Foundation Inc
Is Cornolia Cogswell Rossi Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Cornolia Cogswell Rossi Foundation Inc (EIN: 201420345) shows mixed signals. Mission Score: 55/100. 3 red flags identified, 2 strengths noted.
Is Cornolia Cogswell Rossi Foundation Inc a good charity to donate to?
Cornolia Cogswell Rossi Foundation Inc has a Mission Score of 55/100. Revenue: $3.3M. Assets: $2.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Cornolia Cogswell Rossi Foundation Inc?
The Employer Identification Number (EIN) for Cornolia Cogswell Rossi Foundation Inc is 201420345. 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 Cornolia Cogswell Rossi Foundation Inc spend its money?
Cornolia Cogswell Rossi Foundation Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Cornolia Cogswell Rossi Foundation Inc's tax-exempt status?
You can verify Cornolia Cogswell Rossi Foundation Inc's tax-exempt status using EIN 201420345 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 Cornolia Cogswell Rossi Foundation Inc. exhibits a concerning trend of declining assets and consistent operating deficits over the past decade. In 2023, the organization reported revenue of $1,467,760 against expenses of $2,910,091, resulting in a significant deficit. This pattern is not isolated, as expenses have consistently outpaced revenue in all reported periods, leading to a substantial decrease in assets from $14,646,323 in 2011 to $3,885,622 in 2023. While the organization reports 0% officer compensation, which is a positive indicator of executive cost control, the overall financial sustainability is questionable given the persistent spending exceeding income. The NTEE code T20 suggests a focus on grantmaking, and without a detailed breakdown of program vs. administrative expenses, it's difficult to fully assess spending efficiency beyond the overall deficit.
The consistent decline in assets, coupled with the recurring operational deficits, raises questions about the long-term viability and funding model of the foundation. Although the lack of officer compensation is a strong point for transparency regarding executive pay, the broader financial picture suggests a need for strategic adjustments to either increase revenue streams or reduce expenditures to achieve financial stability. The organization's transparency regarding executive compensation is commendable, but the financial health indicates a need for greater clarity on how these deficits are being managed and what steps are being taken to reverse the trend of asset depletion.