Quick charity verification for Foley Burns Mem Tr (EIN: 146079449)
Verdict: Foley Burns Mem Tr shows mixed signals
65/100Mission Score
$37KRevenue
$177KAssets
3Red Flags
3Strengths
Red Flags
Negative revenue reported in the latest filing period (202312) of $-9,008, indicating a financial loss or significant adjustment.
Lack of detailed expense breakdown (program vs. admin vs. fundraising) makes it difficult to fully assess spending efficiency.
NTEE code is unknown, limiting understanding of the organization's specific charitable focus.
Strengths
Consistent reporting of 0% officer compensation across all filings, indicating efficient use of funds by not paying executives.
Stable asset base, generally ranging between $170,000 and $200,000, suggesting a foundational endowment.
Minimal liabilities ($1 across all periods) indicates strong financial solvency and low debt.
Spending Breakdown
How Foley Burns Mem Tr 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 Foley Burns Mem Tr
Is Foley Burns Mem Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Foley Burns Mem Tr (EIN: 146079449) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Foley Burns Mem Tr a good charity to donate to?
Foley Burns Mem Tr has a Mission Score of 65/100. Revenue: $37K. Assets: $177K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Foley Burns Mem Tr?
The Employer Identification Number (EIN) for Foley Burns Mem Tr is 146079449. 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 Foley Burns Mem Tr spend its money?
Foley Burns Mem Tr allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Foley Burns Mem Tr's tax-exempt status?
You can verify Foley Burns Mem Tr's tax-exempt status using EIN 146079449 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
Foley Burns Mem Tr appears to be a small, private foundation or trust, given its consistent asset base around $170,000-$200,000 and relatively low annual revenues and expenses. The organization's financial health shows some volatility, with a negative revenue of $-9,008 in the latest filing period (202312) and expenses of $10,845, indicating a net loss for that year. This contrasts with previous years where revenues generally exceeded or were close to expenses, such as in 202212 ($11,328 revenue vs. $11,301 expenses). The consistent asset base and minimal liabilities ($1) suggest a stable, albeit small, endowment or principal. The absence of officer compensation across all reported periods indicates a volunteer-run or passively managed entity, which can contribute to lower administrative costs.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, as the provided data only shows total expenses. However, the lack of officer compensation is a positive indicator for efficiency. The organization's transparency is limited by the available data; without NTEE code or specific program details, it's challenging to understand its mission and impact. The consistent filing of IRS 990 forms demonstrates compliance with reporting requirements, which is a basic level of transparency.
The negative revenue in the latest period is a significant concern, as it suggests a draw-down on assets or a significant loss in investment income. While the overall asset base remains relatively stable, this trend, if continued, could impact the organization's long-term sustainability. The organization's small scale means even minor fluctuations in revenue can have a noticeable impact on its financial position.