Quick charity verification for David S Bourne Foundation Inc (EIN: 202047629)
Verdict: David S Bourne Foundation Inc appears trustworthy
85/100Mission Score
$2.3MRevenue
$1.3MAssets
2Red Flags
5Strengths
Red Flags
Very low expense ratio relative to revenue, potentially indicating significant funds are being accumulated rather than immediately deployed for programmatic activities.
Lack of detailed expense breakdown in provided data makes it difficult to fully assess programmatic spending efficiency.
Strengths
Consistent asset growth, from $282,783 in 2011 to $1,296,334 currently, indicating strong financial management and stability.
Zero officer compensation reported across all filings, demonstrating highly efficient leadership and resource allocation.
Extremely low liabilities ($1 across all periods), reflecting sound financial health and minimal debt.
Consistent IRS 990 filing history over a decade, indicating good regulatory compliance and transparency.
Strong revenue generation, with latest reported revenue at $2,284,972, supporting long-term sustainability.
Spending Breakdown
How David S Bourne 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 David S Bourne Foundation Inc
Is David S Bourne Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, David S Bourne Foundation Inc (EIN: 202047629) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
Is David S Bourne Foundation Inc a good charity to donate to?
David S Bourne Foundation Inc has a Mission Score of 85/100. Revenue: $2.3M. Assets: $1.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for David S Bourne Foundation Inc?
The Employer Identification Number (EIN) for David S Bourne Foundation Inc is 202047629. 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 David S Bourne Foundation Inc spend its money?
David S Bourne Foundation Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify David S Bourne Foundation Inc's tax-exempt status?
You can verify David S Bourne Foundation Inc's tax-exempt status using EIN 202047629 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 David S Bourne Foundation Inc demonstrates consistent financial growth and strong asset accumulation over its filing history. With latest reported revenue of $2,284,972 and assets of $1,296,334, the organization appears financially stable. A notable characteristic is the extremely low expense-to-revenue ratio across all reported periods, for example, in 2023, expenses were $43,301 against $135,732 in revenue, indicating a significant portion of revenue is retained or invested rather than spent on operations or programs in the short term. This suggests a focus on endowment building or long-term grantmaking capacity rather than immediate programmatic spending.
The organization's spending efficiency, based on the provided data, shows a very high retention of funds. While this builds a robust asset base, it also means a relatively small percentage of annual revenue is being expended. Without a detailed breakdown of expenses into program, administrative, and fundraising categories, it's challenging to fully assess spending efficiency in terms of direct mission impact per dollar. However, the consistent reporting of zero officer compensation across all filings is a strong indicator of volunteer leadership and efficient use of resources at the executive level, contributing positively to transparency and public trust.
Transparency appears high regarding executive compensation, with 0% reported. The consistent filing of IRS Form 990s over a decade also points to a commitment to regulatory compliance and public disclosure. The low liabilities ($1 across all periods) further underscores financial prudence. However, to fully assess programmatic efficiency, more granular expense data would be beneficial to understand how the retained funds are eventually deployed for their stated mission.