Quick charity verification for Drake Family Foundation (EIN: 203501275)
Verdict: Drake Family Foundation appears trustworthy
95/100Mission Score
$92KRevenue
$377KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistently reports 0% officer compensation, maximizing funds for mission.
Zero liabilities across all reported periods, indicating strong financial health.
Significant asset base ($377,282 in 202006) relative to its operational expenses.
Substantial increase in revenue in the latest filing ($92,428 in 202006), enhancing capacity.
Low expenses relative to revenue in the latest period ($19,500 expenses vs. $92,428 revenue in 202006), suggesting high efficiency.
Spending Breakdown
How Drake Family Foundation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
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 Drake Family Foundation
Is Drake Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Drake Family Foundation (EIN: 203501275) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Drake Family Foundation a good charity to donate to?
Drake Family Foundation has a Mission Score of 95/100. Revenue: $92K. Assets: $377K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Drake Family Foundation?
The Employer Identification Number (EIN) for Drake Family Foundation is 203501275. 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 Drake Family Foundation spend its money?
Drake Family Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Drake Family Foundation's tax-exempt status?
You can verify Drake Family Foundation's tax-exempt status using EIN 203501275 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 Drake Family Foundation demonstrates consistent financial stability with a healthy asset base relative to its revenue. In its latest filing (202006), the organization reported $377,282 in assets against $92,428 in revenue and $19,500 in expenses, indicating a strong reserve. The foundation's liabilities have consistently been reported as $0 across all available filings, which is a positive indicator of financial health and low risk. The significant increase in revenue in 202006 to $92,428 from previous years (e.g., $21,837 in 201606) suggests a potential increase in funding or a one-time significant contribution, which is a positive development for its capacity.
Regarding spending efficiency, the foundation's expenses are relatively low compared to its assets and, in the latest period, its revenue. With expenses of $19,500 against $92,428 in revenue in 202006, a substantial portion of its income is either retained or directly applied to its mission. The consistent reporting of 0% officer compensation across all filings is a strong indicator of efficient use of funds, as no revenue is diverted to executive salaries. This suggests a volunteer-driven or very lean operational model, which can maximize the impact of donations.
Transparency appears to be high, given the consistent filing of IRS Form 990s over seven periods. The absence of liabilities and officer compensation simplifies financial analysis and provides clear insight into the organization's financial structure. The NTEE code T22 (Private Grantmaking Foundations) aligns with the operational characteristics observed, suggesting its primary function is likely grantmaking rather than direct program delivery, which inherently has different spending patterns. Overall, the foundation exhibits strong financial health, efficient spending practices, and good transparency through its consistent public filings.