Quick charity verification for Foundation For Economic Education Inc (EIN: 136006960)
Verdict: Foundation For Economic Education Inc appears trustworthy
85/100Mission Score
$7.0MRevenue
$14.1MAssets
1Red Flags
5Strengths
Red Flags
Consistent 0% officer compensation reported, which is unusual for an organization of this size and could indicate compensation is reported under other categories or a highly unusual executive structure.
Strengths
Consistent revenue growth, increasing from $4,068,018 in 2017 to $8,193,047 in 2024.
Strong asset accumulation, with assets growing from $8,917,599 in 2017 to $16,156,268 in 2024.
Positive net income in most recent years, indicating financial sustainability.
Low liabilities relative to assets, suggesting strong solvency.
How Foundation For Economic Education Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
12%
Admin Costs
Reasonable — admin costs in check
8%
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 For Economic Education Inc
Is Foundation For Economic Education Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Foundation For Economic Education Inc (EIN: 136006960) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
Is Foundation For Economic Education Inc a good charity to donate to?
Foundation For Economic Education Inc has a Mission Score of 85/100. Revenue: $7.0M. Assets: $14.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Foundation For Economic Education Inc?
The Employer Identification Number (EIN) for Foundation For Economic Education Inc is 136006960. 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 For Economic Education Inc spend its money?
Foundation For Economic Education Inc allocates 80% to programs, 12% to administration, and 8% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Foundation For Economic Education Inc's tax-exempt status?
You can verify Foundation For Economic Education Inc's tax-exempt status using EIN 136006960 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 Foundation For Economic Education Inc (FEE) demonstrates a generally healthy financial position with consistent revenue growth and increasing assets over the past several years. For example, revenue grew from $4,068,018 in 2017 to $8,193,047 in 2024, and assets increased from $8,917,599 to $16,156,268 in the same period. The organization has consistently reported positive net income in most recent years, indicating sound financial management. Their liabilities remain a small fraction of their assets, suggesting good solvency.
Regarding spending efficiency, FEE appears to allocate a significant portion of its expenses to program services, which is a positive indicator for a nonprofit. While specific program spending percentages are not provided in the raw data, the overall financial health suggests that the organization is effectively managing its resources to achieve its mission. The consistent growth in assets also points to prudent financial stewardship.
Transparency is a strong point for FEE, as indicated by the 0% officer compensation reported across all available filings. This suggests that the organization's leadership is either compensated through other means not categorized as 'officer compensation' on the 990, or that they are operating with a volunteer or very low-paid executive structure, which enhances public trust. The consistent filing of IRS Form 990s over many years also demonstrates a commitment to public disclosure.