Is Council On Foundations Inc Legit?

Quick charity verification for Council On Foundations Inc (EIN: 136068327)

Verdict: Council On Foundations Inc appears trustworthy

85/100Mission Score
$18.5MRevenue
$38.2MAssets
2Red Flags
3Strengths

Red Flags

Strengths

AI Transparency Report

The Council On Foundations Inc demonstrates a generally stable financial position, with assets consistently exceeding liabilities across the reported periods. For instance, in 2023, assets were $39,923,596 against liabilities of $6,934,867, indicating a healthy balance sheet. The organization has shown a positive net income in most recent years, such as in 2023 where revenue of $13,215,376 exceeded expenses of $12,271,617. However, there was a significant revenue spike in 2018 to $36,684,618, which was not sustained in subsequent years, suggesting a potential one-time event or large grant that year. The consistent reporting of 0% officer compensation across all filings is a notable aspect of their financial transparency, indicating that executive compensation is not reported in this category or is non-existent, which is unusual for an organization of this size. Further investigation into their compensation practices would be beneficial to fully understand this aspect.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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