Quick charity verification for Eureka Foundation Inc (EIN: 134148244)
Verdict: Eureka Foundation Inc appears trustworthy
75/100Mission Score
$535KRevenue
$12.0MAssets
2Red Flags
4Strengths
Red Flags
Multiple years of negative revenue (2019-2021) without clear explanation in provided data.
Consistent operating deficits in recent years (e.g., $393,585 revenue vs. $454,300 expenses in 2023), indicating spending exceeds incoming funds.
Strengths
Substantial asset base ($12,049,024) providing long-term financial stability.
0% officer compensation reported across all filings, indicating strong fiscal responsibility regarding executive pay.
Very low liabilities (consistently $0 or $1), suggesting excellent debt management.
Consistent IRS 990 filing history, demonstrating transparency and compliance.
Spending Breakdown
How Eureka Foundation Inc 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 Eureka Foundation Inc
Is Eureka Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Eureka Foundation Inc (EIN: 134148244) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Eureka Foundation Inc a good charity to donate to?
Eureka Foundation Inc has a Mission Score of 75/100. Revenue: $535K. Assets: $12.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Eureka Foundation Inc?
The Employer Identification Number (EIN) for Eureka Foundation Inc is 134148244. 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 Eureka Foundation Inc spend its money?
Eureka Foundation Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Eureka Foundation Inc's tax-exempt status?
You can verify Eureka Foundation Inc's tax-exempt status using EIN 134148244 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 Eureka Foundation Inc. demonstrates a stable financial position with substantial assets, reported at $12,049,024 in its latest filing. However, the organization has experienced fluctuating revenue, including several years of negative revenue from 2019 to 2021, which suggests reliance on investment income or asset drawdowns rather than consistent program-generated revenue or donations. Despite these revenue fluctuations, expenses have remained relatively low in some periods, such as $0 in 2020 and $9,902 in 2021, indicating a conservative spending approach or minimal active programming during those years. The most recent period shows expenses of $454,300 against revenues of $393,585, indicating a deficit for that year.
The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with six filings available. A notable aspect is the consistent reporting of 0% officer compensation across all available filings, which is a positive indicator for donor confidence regarding executive pay. The very low liabilities, consistently reported as $1 or $0, suggest strong financial management and minimal debt. However, the lack of detailed expense breakdowns in the provided data makes a precise assessment of spending efficiency challenging, particularly regarding the allocation between program, administrative, and fundraising costs.
Overall, Eureka Foundation Inc. appears to be a well-managed organization in terms of asset preservation and executive compensation. The negative revenue periods warrant further investigation to understand the underlying financial strategy, but the substantial asset base provides a strong buffer. The absence of officer compensation is a significant strength, promoting trust and indicating that resources are not being diverted to high executive salaries.