Is Fore River Foundation Legit?

Quick charity verification for Fore River Foundation (EIN: 10421912)

Verdict: Fore River Foundation shows mixed signals

65/100Mission Score

$2.5MRevenue

$2.5MAssets

3Red Flags

3Strengths

Red Flags

Consistent deficit spending, with expenses exceeding revenue in 8 out of 10 reported years, leading to asset depletion.
Significant decline in assets from $4,326,565 in 2019 to $2,823,159 in 2023, indicating an unsustainable financial trend.
Lack of detailed expense breakdown (program, admin, fundraising) makes it difficult to fully assess spending efficiency.

Strengths

Minimal liabilities, consistently reported as $1 in recent years, indicating good debt management.
Consistent filing of IRS 990s over 10 years, demonstrating a commitment to transparency.
Zero reported officer compensation, which could indicate a highly dedicated volunteer leadership or efficient use of funds if compensation is truly absent.

Spending Breakdown

How Fore River Foundation allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

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 Fore River Foundation

Is Fore River Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Fore River Foundation (EIN: 10421912) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.

Is Fore River Foundation a good charity to donate to?

Fore River Foundation has a Mission Score of 65/100. Revenue: $2.5M. Assets: $2.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Fore River Foundation?

The Employer Identification Number (EIN) for Fore River Foundation is 10421912. 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 Fore River Foundation spend its money?

Fore River Foundation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Fore River Foundation's tax-exempt status?

You can verify Fore River Foundation's tax-exempt status using EIN 10421912 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 Fore River Foundation demonstrates a consistent operational pattern, with revenues generally lagging behind expenses in recent years, leading to a gradual decline in assets from a peak of $4,326,565 in 2019 to $2,823,159 in 2023. For instance, in 2023, the organization reported revenues of $1,228,843 against expenses of $1,605,639, indicating a deficit spending of $376,796. This trend suggests the organization is drawing down its reserves to fund its operations. The foundation consistently reports zero officer compensation, which is a notable aspect of its financial structure, indicating either a volunteer-led executive team or compensation being reported under other expense categories, which would require further investigation for full transparency.

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess. However, the consistent deficit spending over the last five years (2019-2023) where total expenses ($7,490,768) significantly exceeded total revenues ($5,208,490) suggests that the current operational model is not sustainable in the long term without new funding sources or a reduction in expenditures. The organization's liabilities have remained minimal, often reported as $1, which is a positive indicator of fiscal responsibility in managing debt.

Transparency is generally good given the availability of 10 years of IRS 990 filings. The consistent reporting of zero officer compensation is a key piece of information, though it might prompt questions about how leadership is compensated or structured. The decline in assets, while a concern for long-term sustainability, is clearly reflected in the financial statements. To enhance transparency further, a more detailed breakdown of expenses beyond just total expenses would be beneficial for stakeholders to understand where funds are allocated.

View Full Transparency Report →

Disclaimer

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