Quick charity verification for Edward H Daveis Benevolent Fund (EIN: 10473137)
Verdict: Edward H Daveis Benevolent Fund appears trustworthy
90/100Mission Score
$301KRevenue
$2.5MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Zero officer compensation across all filings, indicating high efficiency and dedication to mission.
Consistent maintenance of a strong asset base (e.g., $2,397,058 in 2023), demonstrating financial stability.
No reported liabilities in any filing, indicating excellent financial health and responsible debt management.
Expenses consistently managed relative to revenue, ensuring sustainable operations.
Strong program focus implied by the absence of officer compensation and healthy financial position.
Spending Breakdown
How Edward H Daveis Benevolent Fund 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 Edward H Daveis Benevolent Fund
Is Edward H Daveis Benevolent Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Edward H Daveis Benevolent Fund (EIN: 10473137) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Edward H Daveis Benevolent Fund a good charity to donate to?
Edward H Daveis Benevolent Fund has a Mission Score of 90/100. Revenue: $301K. Assets: $2.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Edward H Daveis Benevolent Fund?
The Employer Identification Number (EIN) for Edward H Daveis Benevolent Fund is 10473137. 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 H Daveis Benevolent Fund spend its money?
Edward H Daveis Benevolent Fund allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Edward H Daveis Benevolent Fund's tax-exempt status?
You can verify Edward H Daveis Benevolent Fund's tax-exempt status using EIN 10473137 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 H Daveis Benevolent Fund appears to be a well-managed organization with a strong focus on its program services. In its latest filing (202312), the organization reported total expenses of $154,679, with a significant portion dedicated to its benevolent activities. The organization consistently maintains a healthy asset base, with $2,397,058 in assets and no liabilities in 2023, indicating strong financial stability and responsible stewardship of its funds. Its revenue has fluctuated over the years, with a notable increase to $216,793 in 2023, which is a positive trend for its operational capacity.
The organization demonstrates excellent spending efficiency, as it reports 0% officer compensation across all available filings, suggesting that administrative costs are kept very low and resources are primarily directed towards its mission. While specific breakdowns of program, administrative, and fundraising expenses are not explicitly detailed in the provided summary, the absence of officer compensation strongly implies a high program spending ratio. The consistent lack of liabilities further underscores its sound financial management.
Overall, the Edward H Daveis Benevolent Fund exhibits strong financial health and a clear commitment to its benevolent purpose. Its consistent asset growth, absence of debt, and zero officer compensation are all indicators of a transparent and efficient operation. Donors can be reasonably confident that their contributions are being used effectively to support the organization's mission.