Quick charity verification for Foundation 51 (EIN: 10517536)
Verdict: Foundation 51 appears trustworthy
92/100Mission Score
$38KRevenue
$277KAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent 0% officer compensation, indicating volunteer leadership and high efficiency.
Zero liabilities reported across all filings, demonstrating strong financial management.
Healthy asset base ($277,029 in 2023) relative to revenue, providing financial stability.
Consistent filing of IRS Form 990s over 13 periods, showing commitment to transparency.
Spending Breakdown
How Foundation 51 allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
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 Foundation 51
Is Foundation 51 a legitimate charity?
Based on AI analysis of IRS 990 filings, Foundation 51 (EIN: 10517536) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 4 strengths noted.
Is Foundation 51 a good charity to donate to?
Foundation 51 has a Mission Score of 92/100. Revenue: $38K. Assets: $277K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Foundation 51?
The Employer Identification Number (EIN) for Foundation 51 is 10517536. 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 Foundation 51 spend its money?
Foundation 51 allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Foundation 51's tax-exempt status?
You can verify Foundation 51's tax-exempt status using EIN 10517536 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
Foundation 51 demonstrates consistent financial stability with a healthy asset base relative to its revenue. In the latest filing (202312), the organization reported assets of $277,029 against revenue of $30,569, indicating a strong reserve. While expenses ($33,065) slightly exceeded revenue in 2023, this is not a significant concern given the overall asset position and the historical trend of fluctuating revenue and expenses. The organization consistently reports zero liabilities, which is a strong indicator of financial health and responsible management. The absence of officer compensation further enhances its transparency and commitment to directing resources towards its mission.
The organization's spending efficiency appears to be very high, primarily due to its volunteer-driven model as evidenced by 0% officer compensation across all reported periods. This suggests that a very high proportion of its expenditures are likely directed towards program services, rather than administrative overhead or fundraising costs. The consistent reporting of zero liabilities and the detailed filing history contribute positively to its transparency.
Overall, Foundation 51 appears to be a financially sound and efficiently run small nonprofit. Its strong asset base, lack of debt, and volunteer leadership model are significant strengths, allowing it to maintain operations even during periods of lower revenue. The consistent filing of IRS Form 990s over many years also demonstrates a commitment to transparency.