Quick charity verification for Food Bank Of Lincoln Foundation (EIN: 205474034)
Verdict: Food Bank Of Lincoln Foundation appears trustworthy
90/100Mission Score
$57KRevenue
$2.0MAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent 0% officer compensation, indicating high efficiency in executive pay.
Strong and growing asset base, reaching $1,894,985 in 2024.
Consistently low to zero liabilities, demonstrating sound financial management.
Positive revenue-to-expense ratio in recent periods (e.g., 202406: $276,203 revenue vs. $100,976 expenses), contributing to asset growth.
Spending Breakdown
How Food Bank Of Lincoln Foundation allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
15%
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 Food Bank Of Lincoln Foundation
Is Food Bank Of Lincoln Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Food Bank Of Lincoln Foundation (EIN: 205474034) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
Is Food Bank Of Lincoln Foundation a good charity to donate to?
Food Bank Of Lincoln Foundation has a Mission Score of 90/100. Revenue: $57K. Assets: $2.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Food Bank Of Lincoln Foundation?
The Employer Identification Number (EIN) for Food Bank Of Lincoln Foundation is 205474034. 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 Food Bank Of Lincoln Foundation spend its money?
Food Bank Of Lincoln Foundation allocates 85% to programs, 15% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Food Bank Of Lincoln Foundation's tax-exempt status?
You can verify Food Bank Of Lincoln Foundation's tax-exempt status using EIN 205474034 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 Food Bank Of Lincoln Foundation demonstrates a generally healthy financial position, primarily functioning as a supporting organization with substantial assets relative to its annual revenue and expenses. For the period ending June 2024, the organization reported revenues of $276,203 against expenses of $100,976, indicating a significant surplus that contributes to its growing asset base of $1,894,985. This trend of revenue exceeding expenses is positive, especially when compared to previous periods like 202306 where expenses ($135,735) outstripped revenue ($84,800).
The organization consistently reports 0% officer compensation across all available filings, which is a strong indicator of efficient use of funds and a commitment to minimizing administrative overhead related to executive pay. Their liabilities have also remained consistently low, often at $0, suggesting sound financial management and minimal debt burden. While the specific breakdown of program, administrative, and fundraising expenses isn't explicitly detailed in the provided summary, the absence of officer compensation points to a lean operational structure. The foundation's role as a supporting organization likely means its primary function is asset management and grantmaking to the main Food Bank, rather than direct program delivery, which influences its spending profile.