Quick charity verification for Farid Foundation (EIN: 203096696)
Verdict: Farid Foundation has notable concerns
20/100Mission Score
$0Revenue
$0Assets
3Red Flags
1Strengths
Red Flags
Zero revenue and assets in the latest filing, indicating potential dormancy or cessation of operations.
Consistent deficit spending across multiple years (e.g., $585,357 expenses vs. $145,739 revenue in 2015).
Significant decline in assets from $773,941 in 2011 to $0 in the latest period.
Strengths
No reported officer compensation across all filings, indicating efficient use of funds in that area.
Spending Breakdown
How Farid 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 Farid Foundation
Is Farid Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Farid Foundation (EIN: 203096696) has notable concerns. Mission Score: 20/100. 3 red flags identified, 1 strength noted.
Is Farid Foundation a good charity to donate to?
Farid Foundation has a Mission Score of 20/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Farid Foundation?
The Employer Identification Number (EIN) for Farid Foundation is 203096696. 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 Farid Foundation spend its money?
Farid Foundation allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Farid Foundation's tax-exempt status?
You can verify Farid Foundation's tax-exempt status using EIN 203096696 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 Farid Foundation exhibits significant financial instability and a concerning lack of operational activity in its most recent filing. With reported revenue and assets of $0, it appears the organization may be dormant or no longer operational. Historically, the foundation has consistently spent more than it brought in, as evidenced by expenses of $585,357 against revenues of $145,739 in 2015, and $237,961 against $85,000 in 2014. This pattern of deficit spending, coupled with the current zero revenue and assets, raises serious questions about its long-term viability and financial management.
Given the absence of detailed expense breakdowns in the provided data, it's impossible to assess spending efficiency accurately. However, the consistent negative net income suggests that funds, when available, were not managed sustainably. The lack of reported officer compensation across all filings indicates that executive pay was not a drain on resources, which is a positive sign for transparency in that specific area. However, the overall financial picture is one of decline and potential cessation of activities, making it difficult to recommend based on past performance or current status.