Quick charity verification for Finish Line Foundation Inc (EIN: 161542993)
Verdict: Finish Line Foundation Inc has notable concerns
10/100Mission Score
$0Revenue
$0Assets
4Red Flags
1Strengths
Red Flags
Latest filing shows $0 revenue and $0 assets, indicating potential cessation of operations.
Significant and unexplained decline in revenue from $680,000 (2013) to $0 (latest filing).
Disappearance of over $1.3 million in reported assets without explanation.
Lack of recent financial data beyond 2015, making current assessment impossible.
Strengths
No officer compensation reported in previous active years, indicating volunteer leadership.
Spending Breakdown
How Finish Line Foundation Inc allocates its funds across programs, administration, and fundraising.
0%
Program Spending
Concerning — less than half to programs
0%
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 Finish Line Foundation Inc
Is Finish Line Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Finish Line Foundation Inc (EIN: 161542993) has notable concerns. Mission Score: 10/100. 4 red flags identified, 1 strength noted.
Is Finish Line Foundation Inc a good charity to donate to?
Finish Line Foundation Inc has a Mission Score of 10/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Finish Line Foundation Inc?
The Employer Identification Number (EIN) for Finish Line Foundation Inc is 161542993. 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 Finish Line Foundation Inc spend its money?
Finish Line Foundation Inc allocates 0% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Finish Line Foundation Inc's tax-exempt status?
You can verify Finish Line Foundation Inc's tax-exempt status using EIN 161542993 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 Finish Line Foundation Inc. exhibits a concerning financial trend, with its latest filing (201512) reporting $0 in both revenue and assets, indicating potential dormancy or cessation of operations. This is a significant decline from previous years where it reported substantial revenue, such as $680,000 in 201312 and $585,427 in 201412. The organization's spending efficiency is difficult to assess accurately given the lack of detailed expense breakdowns in the provided data, but the drastic drop to zero financial activity raises serious questions about its ongoing viability and impact. The absence of officer compensation across all reported periods suggests a volunteer-led structure, which can be a positive for efficiency if programs are active, but in this case, it coincides with a complete lack of financial activity.
While the organization previously held significant assets (e.g., $1,321,862 in 201512), the current $0 asset figure, coupled with $0 revenue, suggests these assets may have been liquidated or transferred, or the organization may no longer be operational. The lack of detailed program spending information makes it impossible to determine the proportion of funds directly supporting its mission. The sudden cessation of financial activity and the absence of current financial data severely limit the ability to assess its current financial health and transparency. Without more recent filings or explanations for the dramatic change, it is challenging to consider this organization financially healthy or transparent in its current state.