Quick charity verification for Farrow Family Foundation (EIN: 201989480)
Verdict: Farrow Family Foundation appears trustworthy
85/100Mission Score
$218KRevenue
$354KAssets
1Red Flags
4Strengths
Red Flags
Lack of detailed expense breakdown (program, admin, fundraising) in provided data, limiting granular efficiency analysis.
Strengths
Consistent asset growth, from $180,407 in 2019 to $313,512 in 2023, indicating financial stability.
Zero officer compensation reported across all available filings, suggesting high efficiency in resource allocation.
Revenue consistently exceeding expenses in recent years (e.g., $56,376 revenue vs. $30,166 expenses in 2023).
Long history of IRS 990 filings (10 filings), demonstrating commitment to transparency.
Spending Breakdown
How Farrow Family Foundation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Farrow Family Foundation
Is Farrow Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Farrow Family Foundation (EIN: 201989480) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Farrow Family Foundation a good charity to donate to?
Farrow Family Foundation has a Mission Score of 85/100. Revenue: $218K. Assets: $354K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Farrow Family Foundation?
The Employer Identification Number (EIN) for Farrow Family Foundation is 201989480. 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 Farrow Family Foundation spend its money?
Farrow Family Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Farrow Family Foundation's tax-exempt status?
You can verify Farrow Family Foundation's tax-exempt status using EIN 201989480 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 Farrow Family Foundation demonstrates consistent financial health with a steady increase in assets over the past few years, reaching $313,512 in 2023. Their revenue has fluctuated but generally covers expenses, as seen in 2023 where $56,376 in revenue exceeded $30,166 in expenses. The organization's spending efficiency appears strong, with no reported officer compensation, indicating that a high proportion of funds are likely directed towards their mission. The consistent filing of IRS Form 990s over a decade also points to a commitment to transparency. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a precise assessment of spending efficiency is limited.