Quick charity verification for Elpis Foundation (EIN: 202033062)
Verdict: Elpis Foundation appears trustworthy
90/100Mission Score
$14.9MRevenue
$9.1MAssets
2Red Flags
4Strengths
Red Flags
Significant revenue volatility in historical filings, making long-term financial planning potentially challenging.
Lack of detailed expense breakdown in provided data, making it difficult to precisely assess program vs. administrative spending ratios without full 990s.
Strengths
Consistent reporting of 0% officer compensation, indicating strong commitment to directing funds to mission.
Very low liabilities across all reported periods, suggesting sound financial management and minimal debt.
Healthy and growing asset base, providing financial stability and capacity for future programs.
Positive net income in most recent filing ($604,061 revenue vs. $319,780 expenses in 2023), indicating financial sustainability.
Spending Breakdown
How Elpis Foundation allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Elpis Foundation
Is Elpis Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Elpis Foundation (EIN: 202033062) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
Is Elpis Foundation a good charity to donate to?
Elpis Foundation has a Mission Score of 90/100. Revenue: $14.9M. Assets: $9.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Elpis Foundation?
The Employer Identification Number (EIN) for Elpis Foundation is 202033062. 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 Elpis Foundation spend its money?
Elpis Foundation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Elpis Foundation's tax-exempt status?
You can verify Elpis Foundation's tax-exempt status using EIN 202033062 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
Elpis Foundation demonstrates a consistent pattern of low liabilities and zero reported officer compensation across all available filings, indicating strong financial stewardship and transparency in executive remuneration. While revenue has fluctuated significantly over the years, from a low of $67,057 in 2013 to a high of $967,035 in 2021 (excluding the latest reported revenue of $14,876,703 which is a significant outlier compared to historical trends), the organization has generally maintained a healthy asset base, growing from $4,469,315 in 2011 to $5,946,191 in 2023. The latest reported revenue of $14,876,703 and assets of $9,123,147 suggest a substantial recent growth or a significant one-time event, which warrants further investigation to understand its impact on long-term financial health and program capacity. The consistent reporting of zero officer compensation is a notable strength, promoting trust and ensuring resources are directed towards the mission.