Is Floyd Ingram Charitable Foundation Inc Legit?

Quick charity verification for Floyd Ingram Charitable Foundation Inc (EIN: 200185277)

Verdict: Floyd Ingram Charitable Foundation Inc appears trustworthy

85/100Mission Score
$96KRevenue
$3.0MAssets
1Red Flags
4Strengths

Red Flags

Strengths

Spending Breakdown

How Floyd Ingram Charitable Foundation 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
5%
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 Floyd Ingram Charitable Foundation Inc

Is Floyd Ingram Charitable Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Floyd Ingram Charitable Foundation Inc (EIN: 200185277) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.

Is Floyd Ingram Charitable Foundation Inc a good charity to donate to?

Floyd Ingram Charitable Foundation Inc has a Mission Score of 85/100. Revenue: $96K. Assets: $3.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Floyd Ingram Charitable Foundation Inc?

The Employer Identification Number (EIN) for Floyd Ingram Charitable Foundation Inc is 200185277. 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 Floyd Ingram Charitable Foundation Inc spend its money?

Floyd Ingram Charitable Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Floyd Ingram Charitable Foundation Inc's tax-exempt status?

You can verify Floyd Ingram Charitable Foundation Inc's tax-exempt status using EIN 200185277 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 Floyd Ingram Charitable Foundation Inc. demonstrates a consistent commitment to its mission, as evidenced by its program spending. While specific breakdowns of program, administrative, and fundraising expenses are not provided in the summary data, the organization's financial history shows a pattern of managing expenses relative to its revenue. For instance, in 2023, expenses were $214,016 against revenues of $110,415, indicating a year where the foundation spent more than it took in, potentially drawing from its substantial asset base of over $2.8 million. This trend of expenses exceeding revenue is also seen in 2022 ($164,942 expenses vs. $75,751 revenue). However, in 2021, the foundation experienced a significant revenue spike of $1,877,822, which substantially boosted its assets to over $3 million, suggesting a large one-time contribution or investment gain. The foundation's liabilities have consistently remained very low, often at $1, indicating strong financial stability and minimal debt. The absence of officer compensation reported across all filings is a notable positive for transparency and efficiency.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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