Quick charity verification for Craig And Barbara Barrett Foundation (EIN: 201539507)
Verdict: Craig And Barbara Barrett Foundation appears trustworthy
92/100Mission Score
$2.1MRevenue
$711KAssets
1Red Flags
4Strengths
Red Flags
Significant revenue volatility in certain years (e.g., $119 in 2021 vs. $3,014,510 in 2019), which could indicate reliance on a few large donors or inconsistent funding streams.
Strengths
Consistent positive net income in most recent years (e.g., $323,872 in 2023 and $795,886 in 2022), demonstrating financial stability.
Zero officer compensation reported across all filings, indicating extremely low administrative overhead and a high percentage of funds likely directed to programs.
Strong asset growth in recent periods, from $79,949 in 2021 to $1,199,707 in 2023, enhancing long-term financial security.
Low to no reported liabilities, suggesting prudent financial management and minimal debt burden.
Spending Breakdown
How Craig And Barbara Barrett Foundation allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
Admin Costs
Reasonable — admin costs in check
0%
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 Craig And Barbara Barrett Foundation
Is Craig And Barbara Barrett Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Craig And Barbara Barrett Foundation (EIN: 201539507) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
Is Craig And Barbara Barrett Foundation a good charity to donate to?
Craig And Barbara Barrett Foundation has a Mission Score of 92/100. Revenue: $2.1M. Assets: $711K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Craig And Barbara Barrett Foundation?
The Employer Identification Number (EIN) for Craig And Barbara Barrett Foundation is 201539507. 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 Craig And Barbara Barrett Foundation spend its money?
Craig And Barbara Barrett Foundation allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Craig And Barbara Barrett Foundation's tax-exempt status?
You can verify Craig And Barbara Barrett Foundation's tax-exempt status using EIN 201539507 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 Craig And Barbara Barrett Foundation demonstrates a generally healthy financial position, with recent revenues consistently exceeding expenses, as seen in 2023 ($2,004,974 revenue vs. $1,681,102 expenses) and 2022 ($2,306,189 revenue vs. $1,510,303 expenses). This trend indicates effective management of resources and a capacity to fund its operations. The organization's assets have fluctuated but show a recent increase to $1,199,707 in 2023, suggesting a stable asset base.
The foundation's spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings. This indicates that a very high proportion of its expenditures are likely directed towards program services rather than administrative overhead or executive salaries. The absence of reported liabilities in most periods further underscores financial prudence and a low-risk profile.
In terms of transparency, the consistent filing of IRS Form 990s over a decade provides a good historical record for public scrutiny. The detailed financial data available through these filings allows for a clear understanding of the organization's revenue sources, expenditures, and asset management, contributing to a high level of financial transparency.