Quick charity verification for Egw Foundation Inc (EIN: 204662760)
Verdict: Egw Foundation Inc shows mixed signals
45/100Mission Score
$1.2MRevenue
$5.4MAssets
3Red Flags
2Strengths
Red Flags
Consistent and significant operational deficits (e.g., 2020: $119,922 revenue vs. $400,686 expenses).
Steady decline in total assets over time (from $7.3M in 2011 to $5.4M in 2020).
Expenses consistently exceeding revenue across multiple reporting periods.
Strengths
No reported officer compensation, indicating efficient use of funds at the executive level.
Substantial asset base, despite the decline, providing a buffer for operations.
Spending Breakdown
How Egw Foundation Inc allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
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 Egw Foundation Inc
Is Egw Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Egw Foundation Inc (EIN: 204662760) shows mixed signals. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
Is Egw Foundation Inc a good charity to donate to?
Egw Foundation Inc has a Mission Score of 45/100. Revenue: $1.2M. Assets: $5.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Egw Foundation Inc?
The Employer Identification Number (EIN) for Egw Foundation Inc is 204662760. 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 Egw Foundation Inc spend its money?
Egw Foundation Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Egw Foundation Inc's tax-exempt status?
You can verify Egw Foundation Inc's tax-exempt status using EIN 204662760 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
Egw Foundation Inc exhibits a concerning financial trend, consistently spending significantly more than it generates in revenue. For instance, in 2020, the organization reported revenues of $119,922 against expenses of $400,686, indicating a substantial deficit. This pattern is not isolated, as similar deficits are observed across multiple years, such as 2019 (revenue $293,123, expenses $398,287) and 2015 (revenue $31,222, expenses $380,019). While the organization holds substantial assets, these have been steadily declining over the years, from $7,377,172 in 2011 to $5,416,656 in 2020, suggesting that the deficits are being covered by drawing down reserves rather than sustainable operations. The consistent lack of reported officer compensation across all filings is a positive indicator for resource allocation, but the overall financial sustainability is questionable given the persistent operational losses. Further details on the allocation of expenses between program, administrative, and fundraising costs would be necessary to fully assess spending efficiency, as this information is not explicitly provided in the summary data.