Is Edmund And Mary Comey Charitable Foundation Legit?
Quick charity verification for Edmund And Mary Comey Charitable Foundation (EIN: 203121701)
Verdict: Edmund And Mary Comey Charitable Foundation appears trustworthy
85/100Mission Score
$458KRevenue
$1.1MAssets
1Red Flags
4Strengths
Red Flags
Significant annual deficits in some periods (e.g., $267,755 in 202407), indicating expenses exceeding revenue.
Strengths
Consistent asset base over $1 million, demonstrating financial stability and long-term capacity.
0% reported officer compensation across all filings, indicating highly efficient executive overhead.
Consistent filing of IRS Form 990s (10 filings), showing strong transparency and regulatory compliance.
Low liabilities ($1 across all filings), indicating a very healthy balance sheet.
Spending Breakdown
How Edmund And Mary Comey Charitable 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 Edmund And Mary Comey Charitable Foundation
Is Edmund And Mary Comey Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Edmund And Mary Comey Charitable Foundation (EIN: 203121701) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Edmund And Mary Comey Charitable Foundation a good charity to donate to?
Edmund And Mary Comey Charitable Foundation has a Mission Score of 85/100. Revenue: $458K. Assets: $1.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Edmund And Mary Comey Charitable Foundation?
The Employer Identification Number (EIN) for Edmund And Mary Comey Charitable Foundation is 203121701. 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 Edmund And Mary Comey Charitable Foundation spend its money?
Edmund And Mary Comey Charitable Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Edmund And Mary Comey Charitable Foundation's tax-exempt status?
You can verify Edmund And Mary Comey Charitable Foundation's tax-exempt status using EIN 203121701 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 Edmund And Mary Comey Charitable Foundation demonstrates a consistent commitment to its mission, primarily through grantmaking, as indicated by its NTEE code T22 (Private Grantmaking Foundations). The organization maintains a healthy asset base, with assets consistently over $1 million, reaching $1,147,888 in the latest period. This strong asset position suggests long-term stability and capacity for sustained philanthropic activity. However, the foundation's financial performance shows significant year-to-year fluctuations in both revenue and expenses. For instance, in the 202407 period, expenses ($325,134) significantly outstripped revenue ($57,379), leading to a substantial deficit, while in 202107, revenue ($359,953) far exceeded expenses ($162,793). This volatility, while not uncommon for foundations relying on investment returns, warrants closer examination to understand the underlying drivers and the foundation's strategy for managing these swings.
The foundation's transparency is bolstered by its consistent filing of IRS Form 990s, with 10 filings available, indicating adherence to regulatory requirements. A notable positive aspect is the reported 0% officer compensation across all available filings, suggesting that the foundation's leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which can be a strong indicator of efficient resource allocation. Given its nature as a private foundation, its primary 'program' activity is grantmaking, and without detailed expense breakdowns beyond total expenses, it's challenging to precisely assess administrative efficiency. However, the absence of officer compensation is a strong positive indicator of low overhead in that specific area.
Overall, the Edmund And Mary Comey Charitable Foundation appears to be a stable entity with a solid asset base and a clear philanthropic purpose. While revenue and expense fluctuations are present, the consistent asset level and zero reported officer compensation suggest a well-managed organization focused on its charitable objectives. Further detailed expense breakdowns would enhance the assessment of spending efficiency, but the available data points to a foundation that is transparent in its filings and prudent in its executive compensation.