Is Edwin L And Elizabeth L Skeltonfoundation Legit?
Quick charity verification for Edwin L And Elizabeth L Skeltonfoundation (EIN: 206960202)
Verdict: Edwin L And Elizabeth L Skeltonfoundation appears trustworthy
85/100Mission Score
$113KRevenue
$1.5MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth, reaching $1,348,825 in 2023.
Extremely low liabilities, consistently reported as $1.
Zero officer compensation reported across all filings, indicating high efficiency.
Stable financial health with a surplus in recent years (e.g., $57,630 revenue vs. $44,670 expenses in 2023).
Long history of IRS 990 filings, demonstrating transparency.
Spending Breakdown
How Edwin L And Elizabeth L Skeltonfoundation 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 Edwin L And Elizabeth L Skeltonfoundation
Is Edwin L And Elizabeth L Skeltonfoundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Edwin L And Elizabeth L Skeltonfoundation (EIN: 206960202) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
Is Edwin L And Elizabeth L Skeltonfoundation a good charity to donate to?
Edwin L And Elizabeth L Skeltonfoundation has a Mission Score of 85/100. Revenue: $113K. Assets: $1.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Edwin L And Elizabeth L Skeltonfoundation?
The Employer Identification Number (EIN) for Edwin L And Elizabeth L Skeltonfoundation is 206960202. 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 Edwin L And Elizabeth L Skeltonfoundation spend its money?
Edwin L And Elizabeth L Skeltonfoundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Edwin L And Elizabeth L Skeltonfoundation's tax-exempt status?
You can verify Edwin L And Elizabeth L Skeltonfoundation's tax-exempt status using EIN 206960202 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 Edwin L And Elizabeth L Skeltonfoundation appears to be a private foundation, as indicated by its consistent asset growth and minimal liabilities, typically distributing grants rather than operating programs directly. Its financial health is stable, with assets consistently growing over the past decade, reaching $1,348,825 in 2023. Revenue and expenses fluctuate, which is common for foundations relying on investment income and making periodic grant distributions. For instance, in 2023, it reported $57,630 in revenue against $44,670 in expenses, indicating a surplus for the year. The foundation maintains extremely low liabilities, consistently reported as $1, which is a strong indicator of financial stability and responsible management.
Spending efficiency is difficult to fully assess without a detailed breakdown of expenses beyond total expenses. However, the absence of officer compensation suggests that administrative costs related to salaries are minimal or non-existent, which is a positive sign for efficiency. The foundation's primary function would be grant-making, and the efficiency would then depend on the impact of those grants. Given its NTEE code T22 (Private Grantmaking Foundations), its 'program spending' would largely be its grants.
Transparency is generally good, as evidenced by its consistent IRS 990 filings over a decade. The filings show clear financial figures for revenue, expenses, assets, and liabilities. The consistent reporting of zero officer compensation also contributes to transparency by clearly indicating how leadership is compensated (or not). However, without access to the full 990 forms, specific details on grant recipients and administrative overhead beyond officer compensation remain unknown, which would further enhance a complete transparency assessment.