Is Food For Hungry Minds Legit?

Quick charity verification for Food For Hungry Minds (EIN: 201331977)

Verdict: Food For Hungry Minds appears trustworthy

80/100Mission Score
$240KRevenue
$707KAssets
2Red Flags
4Strengths

Red Flags

Strengths

Spending Breakdown

How Food For Hungry Minds 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 Food For Hungry Minds

Is Food For Hungry Minds a legitimate charity?

Based on AI analysis of IRS 990 filings, Food For Hungry Minds (EIN: 201331977) appears trustworthy. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.

Is Food For Hungry Minds a good charity to donate to?

Food For Hungry Minds has a Mission Score of 80/100. Revenue: $240K. Assets: $707K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Food For Hungry Minds?

The Employer Identification Number (EIN) for Food For Hungry Minds is 201331977. 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 For Hungry Minds spend its money?

Food For Hungry Minds allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Food For Hungry Minds's tax-exempt status?

You can verify Food For Hungry Minds's tax-exempt status using EIN 201331977 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

Food For Hungry Minds demonstrates a generally healthy financial position with consistent asset growth over the past decade, reaching $706,711 in the latest period. The organization has consistently reported zero liabilities, indicating strong financial management and a lack of debt. Revenue has fluctuated significantly year-to-year, from a low of $138,748 in 2021 to a high of $574,899 in 2017, suggesting reliance on variable funding sources. Despite these fluctuations, the organization has managed to grow its assets, particularly noting a substantial increase from $435,302 in 2022 to $595,799 in 2023, even with lower revenue in 2023 compared to 2022. This indicates effective asset accumulation and management. Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the organization consistently reports 0% officer compensation, which is a positive indicator of efficient use of funds and a commitment to directing resources towards its mission rather than high executive salaries. The significant difference between revenue and expenses in some years, such as 2023 where revenue was $163,399 and expenses were only $2,902, suggests either substantial unspent funds being added to assets or a reporting anomaly that warrants further investigation into the detailed 990 forms. This discrepancy makes it challenging to fully evaluate spending efficiency for that specific year. In terms of transparency, the organization has a robust filing history with 12 filings, indicating consistent compliance with IRS reporting requirements. The consistent reporting of zero officer compensation enhances transparency and trust. However, without a detailed functional expense breakdown, it's challenging for external stakeholders to fully understand how funds are allocated across programs, administration, and fundraising. The large disparity between revenue and expenses in certain years, particularly 2023, could raise questions for a donor seeking to understand the immediate impact of their contributions.

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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