Quick charity verification for Elm Foundation Inc (EIN: 201726630)
Verdict: Elm Foundation Inc appears trustworthy
90/100Mission Score
$166KRevenue
$2.6MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistently reports 0% officer compensation, indicating efficient use of funds.
Maintains substantial assets ($2,644,995) relative to its annual expenses, providing financial stability.
Reports minimal liabilities ($1 or $0 across all filings), demonstrating a very low debt burden.
Experienced significant revenue growth in the latest filing period (202312) to $664,397, while keeping expenses controlled at $177,945.
Strong program efficiency suggested by low expenses relative to revenue in recent periods.
Spending Breakdown
How Elm Foundation Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Elm Foundation Inc
Is Elm Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Elm Foundation Inc (EIN: 201726630) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Elm Foundation Inc a good charity to donate to?
Elm Foundation Inc has a Mission Score of 90/100. Revenue: $166K. Assets: $2.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Elm Foundation Inc?
The Employer Identification Number (EIN) for Elm Foundation Inc is 201726630. 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 Elm Foundation Inc spend its money?
Elm Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Elm Foundation Inc's tax-exempt status?
You can verify Elm Foundation Inc's tax-exempt status using EIN 201726630 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
Elm Foundation Inc. demonstrates a generally healthy financial position, with substantial assets totaling $2,644,995, significantly exceeding its annual revenue. The organization has shown considerable growth in revenue in its latest filing period (202312), reporting $664,397, a substantial increase from previous years. This growth is positive, especially when compared to its expenses of $177,945 in the same period, indicating efficient management of resources relative to income. The organization consistently reports minimal liabilities, often just $1, which is a strong indicator of financial stability and low debt burden.
Spending efficiency appears strong, particularly in the most recent filing where expenses were well below revenue. Over the past decade, the organization has maintained a relatively stable expense base, even as revenue has fluctuated. The consistent reporting of 0% officer compensation across all available filings is a significant positive for transparency and suggests that resources are being directed towards the mission rather than executive salaries. This commitment to low administrative overhead, at least in terms of executive pay, is a key strength.
Overall, Elm Foundation Inc. exhibits good financial health, strong spending efficiency, and high transparency regarding executive compensation. The significant asset base provides a solid foundation for future operations, and the recent revenue surge, coupled with controlled expenses, bodes well for its continued impact. The consistent minimal liabilities further reinforce its sound financial management.