Quick charity verification for Foroulis Private Foundation The (EIN: 207438469)
Verdict: Foroulis Private Foundation The appears trustworthy
95/100Mission Score
$5.9MRevenue
$16.4MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Zero officer compensation, indicating all funds go to mission or operations.
Substantial asset base ($16,885,370 in 2023) providing long-term stability.
Consistent IRS 990 filing history (10 filings), demonstrating transparency and compliance.
Minimal liabilities across all reported periods, indicating sound financial management.
Consistent spending on mission, often exceeding revenue, showing active grantmaking.
Spending Breakdown
How Foroulis Private Foundation The 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 Foroulis Private Foundation The
Is Foroulis Private Foundation The a legitimate charity?
Based on AI analysis of IRS 990 filings, Foroulis Private Foundation The (EIN: 207438469) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Foroulis Private Foundation The a good charity to donate to?
Foroulis Private Foundation The has a Mission Score of 95/100. Revenue: $5.9M. Assets: $16.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Foroulis Private Foundation The?
The Employer Identification Number (EIN) for Foroulis Private Foundation The is 207438469. 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 Foroulis Private Foundation The spend its money?
Foroulis Private Foundation The allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Foroulis Private Foundation The's tax-exempt status?
You can verify Foroulis Private Foundation The's tax-exempt status using EIN 207438469 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 Foroulis Private Foundation demonstrates a consistent commitment to its mission, as evidenced by its program spending. Over the past three years (2021-2023), the foundation has consistently incurred expenses exceeding its revenue, drawing down on its substantial asset base. For instance, in 2023, expenses were $1,197,085 against revenue of $821,771, and in 2022, expenses were $1,342,937 against revenue of $632,766. This indicates active grantmaking and operational spending. The foundation's assets have remained robust, standing at $16,885,370 in 2023, suggesting a strong financial cushion for future activities.
The organization maintains excellent financial transparency, with 10 filings available, and a clear record of zero officer compensation across all reported periods. This lack of executive compensation is a significant positive indicator of resource allocation directly to charitable purposes. While the specific breakdown of program, administrative, and fundraising expenses isn't explicitly detailed in the provided summary, the absence of officer compensation implies a lean operational structure. The foundation's liabilities are consistently minimal, further highlighting sound financial management.
Overall, the Foroulis Private Foundation appears to be a well-managed entity with a strong financial position and a clear focus on its charitable objectives, as indicated by its consistent spending and lack of executive compensation. Its substantial asset base provides long-term stability, and its consistent filing history points to good governance and transparency.