Quick charity verification for Corvias Foundation Inc (EIN: 204848228)
Verdict: Corvias Foundation Inc appears trustworthy
70/100Mission Score
$475KRevenue
$9KAssets
2Red Flags
3Strengths
Red Flags
Consistently low asset base relative to annual revenue, indicating limited financial reserves (e.g., $18,535 assets vs. $1.2M revenue in 2023).
Fluctuating liabilities without clear context, such as $1 in 2023 compared to $102,637 in 2019.
Strengths
Consistent annual revenue generation exceeding $1 million for most of the past decade.
No reported officer compensation, suggesting efficient use of funds or volunteer leadership.
Consistent filing of IRS 990 forms, indicating transparency in reporting.
Spending Breakdown
How Corvias 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 Corvias Foundation Inc
Is Corvias Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Corvias Foundation Inc (EIN: 204848228) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
Is Corvias Foundation Inc a good charity to donate to?
Corvias Foundation Inc has a Mission Score of 70/100. Revenue: $475K. Assets: $9K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Corvias Foundation Inc?
The Employer Identification Number (EIN) for Corvias Foundation Inc is 204848228. 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 Corvias Foundation Inc spend its money?
Corvias Foundation Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Corvias Foundation Inc's tax-exempt status?
You can verify Corvias Foundation Inc's tax-exempt status using EIN 204848228 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
Corvias Foundation Inc. demonstrates consistent operational activity, with revenues and expenses generally exceeding $1 million annually over the past decade. The organization's financial health appears stable in terms of its ability to cover expenses, as evidenced by the 2023 period showing revenues of $1,220,551 against expenses of $1,167,705. However, a notable concern is the consistently low asset base, with assets rarely exceeding $30,000 and often much lower, such as $18,535 in 2023 and $5,689 in 2022. This suggests limited financial reserves or a highly pass-through operational model.
The organization's spending efficiency is difficult to fully assess without a detailed functional expense breakdown (program, administrative, fundraising) from the provided data. However, the consistent pattern of expenses closely tracking revenues indicates that most incoming funds are spent within the reporting period. The absence of reported officer compensation across all filings suggests a volunteer-led or externally funded executive structure, which can be a positive indicator of efficiency if administrative costs remain low. Transparency is generally good through its consistent IRS 990 filings, but the lack of detailed asset growth or significant reserves could raise questions about long-term sustainability or capacity for growth.