Is Faithbridge Foster Care Inc Legit? —…

Spending Breakdown

How Faithbridge Foster Care 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

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 Faithbridge Foster Care Inc

Is Faithbridge Foster Care Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Faithbridge Foster Care Inc (EIN: 205162251) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.

Is Faithbridge Foster Care Inc a good charity to donate to?

Faithbridge Foster Care Inc has a Mission Score of 90/100. Revenue: $11.3M. Assets: $2.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Faithbridge Foster Care Inc?

The Employer Identification Number (EIN) for Faithbridge Foster Care Inc is 205162251. 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 Faithbridge Foster Care Inc spend its money?

Faithbridge Foster Care Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Faithbridge Foster Care Inc's tax-exempt status?

You can verify Faithbridge Foster Care Inc's tax-exempt status using EIN 205162251 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

Faithbridge Foster Care Inc demonstrates consistent growth in revenue and assets over the past decade, indicating a stable and expanding operation. For instance, revenue grew from $3.4 million in 2014 to $7.8 million in 2023, and assets increased from $556,353 to $1.95 million in the same period. The organization generally manages its expenses well, with revenues often exceeding or closely matching expenses, suggesting sound financial management. The slight deficit in 2023, where expenses ($8,050,401) exceeded revenue ($7,866,843), is a minor concern but not indicative of a systemic issue given prior surpluses.

The organization's spending efficiency appears strong, particularly with a reported 0% officer compensation across all available filings, which is highly unusual and suggests either a volunteer leadership model or that compensation is reported under other expense categories. Assuming the 0% is accurate for direct officer compensation, this significantly reduces administrative overhead. The NTEE code P32 (Foster Care) aligns with their mission, and the consistent growth suggests increasing capacity to serve their beneficiaries. Further details on program vs. administrative spending would provide a more complete picture of efficiency.

Transparency is generally good through their consistent IRS 990 filings. However, the consistent 0% officer compensation warrants further investigation to understand how leadership is compensated, if at all, or if it's reported differently. This could be a strength if truly volunteer-led, or a potential area for clarification if compensation is simply categorized elsewhere. Overall, Faithbridge Foster Care Inc appears to be a financially healthy and growing organization with a strong commitment to its mission.

Is Faithbridge Foster Care Inc Legit?

Verdict: Faithbridge Foster Care Inc appears trustworthy

Red Flags

Strengths