No reported officer compensation, suggesting high dedication to mission and transparency
Consistent positive net income (revenue exceeding expenses) in most recent years
Spending Breakdown
How Foundation For Innovation And Life Inc allocates its funds across programs, administration, and fundraising.
99%
Program Spending
Healthy — majority goes to mission
1%
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 Foundation For Innovation And Life Inc
Is Foundation For Innovation And Life Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Foundation For Innovation And Life Inc (EIN: 204325286) appears trustworthy. Mission Score: 98/100. 0 red flags identified, 5 strengths noted.
Is Foundation For Innovation And Life Inc a good charity to donate to?
Foundation For Innovation And Life Inc has a Mission Score of 98/100. Revenue: $524K. Assets: $11.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Foundation For Innovation And Life Inc?
The Employer Identification Number (EIN) for Foundation For Innovation And Life Inc is 204325286. 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 Innovation And Life Inc spend its money?
Foundation For Innovation And Life Inc allocates 99% to programs, 1% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Foundation For Innovation And Life Inc's tax-exempt status?
You can verify Foundation For Innovation And Life Inc's tax-exempt status using EIN 204325286 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 For Innovation And Life Inc demonstrates strong financial health and growth over the past several years. Revenue has consistently been in the tens of millions, peaking at over $25 million in 2022. The organization has also shown excellent spending efficiency, with program expenses consistently representing a very high percentage of total expenses. For instance, in 2022, program service expenses were $22,593,547 out of total expenses of $22,615,547, indicating nearly 100% of spending directly on programs.
The organization's assets have grown significantly, from $4.5 million in 2013 to over $23.7 million in 2022, demonstrating robust financial management and accumulation of resources. Liabilities have also increased but remain manageable relative to assets. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency and a focus on mission over executive pay, which is a positive indicator for donors.
Overall, Foundation For Innovation And Life Inc appears to be a financially sound and highly efficient organization, dedicating almost all its resources to its stated programs. Its consistent growth in revenue and assets, coupled with minimal administrative overhead and no reported officer compensation, paints a picture of a well-managed and transparent nonprofit.