Quick charity verification for Footsteps Inc (EIN: 200666923)
Verdict: Footsteps Inc appears trustworthy
92/100Mission Score
$3.7MRevenue
$3.1MAssets
1Red Flags
5Strengths
Red Flags
Unusually low or zero reported officer compensation for an organization of this size, which may obscure actual executive remuneration if it's reported elsewhere or through related entities.
Strengths
Strong and consistent revenue growth over the past decade, from $784,663 in 2014 to $5,981,766 in 2023.
Excellent financial transparency regarding executive compensation, with 0% reported officer compensation across all filings.
Healthy asset growth, increasing from $371,170 in 2014 to $4,570,879 in 2023, indicating strong financial management.
Consistent history of IRS 990 filings (13 filings), demonstrating commitment to public accountability.
Positive net income in the most recent fiscal year (2023: $5,981,766 revenue vs. $4,901,654 expenses), indicating financial sustainability.
Spending Breakdown
How Footsteps Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Footsteps Inc
Is Footsteps Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Footsteps Inc (EIN: 200666923) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Footsteps Inc a good charity to donate to?
Footsteps Inc has a Mission Score of 92/100. Revenue: $3.7M. Assets: $3.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Footsteps Inc?
The Employer Identification Number (EIN) for Footsteps Inc is 200666923. 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 Footsteps Inc spend its money?
Footsteps Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Footsteps Inc's tax-exempt status?
You can verify Footsteps Inc's tax-exempt status using EIN 200666923 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
Footsteps Inc demonstrates a generally healthy financial trajectory, marked by significant revenue growth over the past decade, from $784,663 in 2014 to $5,981,766 in 2023. The organization has consistently maintained a positive net asset position, with assets growing substantially from $371,170 in 2014 to $4,570,879 in 2023, indicating sound financial management and accumulation of resources. While there have been periods where expenses exceeded revenue, such as in 2022 ($4,114,128 expenses vs. $2,523,411 revenue), the overall trend shows strong revenue generation often outpacing expenses, particularly in the most recent filing period (2023: $5,981,766 revenue vs. $4,901,654 expenses).
The organization's spending efficiency appears to be robust, with a strong focus on program services. The absence of reported officer compensation across all available filings is a notable indicator of financial prudence and a commitment to directing funds towards the mission rather than executive salaries. This suggests a high degree of spending efficiency and a lean operational structure. The consistent growth in assets and the ability to manage liabilities effectively further underscore the organization's financial stability and capacity to sustain its operations.
Transparency is a significant strength for Footsteps Inc, primarily due to the consistent reporting of zero officer compensation. This level of disclosure regarding executive pay, or lack thereof, is highly commendable and suggests a strong ethical framework. The regular filing of IRS Form 990s over a long period (13 filings) also contributes to their transparency, allowing for detailed financial analysis and public scrutiny. The clear financial data presented across multiple years provides a comprehensive view of their financial health and operational priorities.