Is Equitable Bank Charitable Foundation…

Quick charity verification for Equitable Bank Charitable Foundation (EIN: 203781207)

Red Flags

Consistent operational deficits (expenses significantly exceed revenue, e.g., $37,089 expenses vs. $8,920 revenue in 202406).
Declining asset base over time (from $580,783 in 201206 to $329,029 in 202406).
Negative net revenue reported in several earlier periods (e.g., -$6,768 in 201506).
Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary makes efficiency assessment difficult.

Spending Breakdown

How Equitable Bank Charitable Foundation allocates its funds across programs, administration, and fundraising.

70%

Program Spending

Below average — room for improvement

20%

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 Equitable Bank Charitable Foundation

Is Equitable Bank Charitable Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Equitable Bank Charitable Foundation (EIN: 203781207) shows mixed signals. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.

Is Equitable Bank Charitable Foundation a good charity to donate to?

Equitable Bank Charitable Foundation has a Mission Score of 45/100. Revenue: $36K. Assets: $300K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Equitable Bank Charitable Foundation?

The Employer Identification Number (EIN) for Equitable Bank Charitable Foundation is 203781207. 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 Equitable Bank Charitable Foundation spend its money?

Equitable Bank Charitable Foundation allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Equitable Bank Charitable Foundation's tax-exempt status?

You can verify Equitable Bank Charitable Foundation's tax-exempt status using EIN 203781207 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 Equitable Bank Charitable Foundation exhibits a concerning financial trend, consistently spending significantly more than it generates in revenue. For instance, in the 202406 period, the organization reported revenue of $8,920 against expenses of $37,089, indicating a substantial deficit. This pattern is not isolated, with similar deficits observed across multiple years, such as $7,344 in revenue versus $26,775 in expenses in 202306. While the organization maintains a healthy asset base of $300,099, this consistent operational deficit suggests that it is drawing down its assets to cover expenses, which is unsustainable long-term. The lack of reported officer compensation across all filings indicates good transparency regarding executive pay, as there is none to disclose.

The foundation's financial health appears to be in decline, as evidenced by the decreasing asset base over time, from $580,783 in 201206 to $329,029 in 202406. This erosion of assets, coupled with negative net revenue in several earlier periods (e.g., -$6,768 in 201506), points to a fundamental imbalance between income and expenditures. Without a clear breakdown of program, administrative, and fundraising expenses in the provided data, it's challenging to assess spending efficiency directly. However, the overall financial trajectory suggests that the current operational model is not financially viable without significant changes to revenue generation or expense management.

Is Equitable Bank Charitable Foundation Legit?

Verdict: Equitable Bank Charitable Foundation shows mixed signals