Is Edward E And Marie L Matthews Foundation…

Quick charity verification for Edward E And Marie L Matthews Foundation (EIN: 20656117)

Spending Breakdown

How Edward E And Marie L Matthews 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

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 Edward E And Marie L Matthews Foundation

Is Edward E And Marie L Matthews Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Edward E And Marie L Matthews Foundation (EIN: 20656117) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.

Is Edward E And Marie L Matthews Foundation a good charity to donate to?

Edward E And Marie L Matthews Foundation has a Mission Score of 92/100. Revenue: $6.3M. Assets: $13.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Edward E And Marie L Matthews Foundation?

The Employer Identification Number (EIN) for Edward E And Marie L Matthews Foundation is 20656117. 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 Edward E And Marie L Matthews Foundation spend its money?

Edward E And Marie L Matthews Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Edward E And Marie L Matthews Foundation's tax-exempt status?

You can verify Edward E And Marie L Matthews Foundation's tax-exempt status using EIN 20656117 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 Edward E And Marie L Matthews Foundation appears to be a well-managed private foundation with a strong financial position. Over the past decade, its assets have consistently grown, from $10,063,860 in 2011 to $13,282,313 in 2023, indicating sound investment strategies or consistent contributions. The foundation consistently maintains minimal liabilities, often reported as just $1, which suggests excellent financial stability and low debt risk. Its revenue has fluctuated but generally shows a positive trend, with the latest reported revenue at $2,388,568 in 2023, significantly exceeding its expenses of $1,227,679 for the same period.

Regarding spending efficiency, the foundation consistently spends less than its revenue, allowing for asset growth and future grantmaking. While specific program spending percentages are not detailed in the provided summary, the absence of officer compensation (0% reported across all filings) is a significant indicator of efficiency and a focus on mission rather than administrative overhead related to executive salaries. This suggests that the foundation's resources are primarily directed towards its charitable purpose, likely through grants to other organizations, which is typical for a private foundation. The consistent growth in assets while maintaining low expenses and no officer compensation points to a highly efficient operational model.

Transparency is generally good given the availability of 990 filings. The consistent reporting of minimal liabilities and zero officer compensation across all available filings enhances trust. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a complete assessment of spending efficiency is limited. For a private foundation, the primary 'program' activity is often grantmaking, and the low overall expenses relative to assets and revenue suggest that a significant portion of its spending is likely directed towards its charitable distributions.

Is Edward E And Marie L Matthews Foundation Legit?

Verdict: Edward E And Marie L Matthews Foundation appears trustworthy

Red Flags

Strengths