Is Feedmore Foundation Of Western New York Inc Legit?
Quick charity verification for Feedmore Foundation Of Western New York Inc (EIN: 161475486)
Verdict: Feedmore Foundation Of Western New York Inc appears trustworthy
95/100Mission Score
$10.7MRevenue
$71.6MAssets
1Red Flags
4Strengths
Red Flags
Significant fluctuations in annual revenue, from $1.7M in 2019 to $26.3M in 2022 and $12.7M in 2023, could indicate reliance on large, inconsistent grants or donations.
Strengths
Consistent 0% officer compensation across all filings, indicating strong commitment to directing funds to mission.
Substantial asset growth from $8.1M in 2019 to $63.6M in 2023, demonstrating effective financial management and sustainability.
Expenses consistently well below revenue, indicating efficient operations and significant reinvestment into the organization's mission.
Low liabilities relative to assets, with liabilities of $794,623 against assets of $63,645,946 in 2023, suggesting a healthy balance sheet.
Spending Breakdown
How Feedmore Foundation Of Western New York Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
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 Feedmore Foundation Of Western New York Inc
Is Feedmore Foundation Of Western New York Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Feedmore Foundation Of Western New York Inc (EIN: 161475486) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
Is Feedmore Foundation Of Western New York Inc a good charity to donate to?
Feedmore Foundation Of Western New York Inc has a Mission Score of 95/100. Revenue: $10.7M. Assets: $71.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Feedmore Foundation Of Western New York Inc?
The Employer Identification Number (EIN) for Feedmore Foundation Of Western New York Inc is 161475486. 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 Feedmore Foundation Of Western New York Inc spend its money?
Feedmore Foundation Of Western New York Inc allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Feedmore Foundation Of Western New York Inc's tax-exempt status?
You can verify Feedmore Foundation Of Western New York Inc's tax-exempt status using EIN 161475486 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
Feedmore Foundation Of Western New York Inc demonstrates strong financial health and a clear commitment to its mission, as evidenced by its IRS 990 filings. The organization consistently reports zero officer compensation, indicating a volunteer-led or externally compensated leadership structure, which is a positive sign for donor confidence. Its assets have grown significantly, from $8,179,258 in 2019 to $63,645,946 in 2023, suggesting effective asset management and potentially successful fundraising or investment strategies. While revenue has fluctuated, with a notable peak of $26,320,260 in 2022, the organization has maintained relatively stable and low expenses compared to its revenue, particularly in recent years. For example, in 2023, revenue was $12,718,036 against expenses of $3,012,275, indicating a substantial surplus that contributes to asset growth and future program capacity. The consistent low expense ratio relative to revenue suggests efficient operations and a focus on accumulating resources for its charitable purpose.