Is Foundation For Seacoast Health Legit? —…

Quick charity verification for Foundation For Seacoast Health (EIN: 20386319)

Red Flags

Consistent deficit spending in recent years (e.g., 2023 expenses $994,541 vs. revenue $451,724; 2022 expenses $11,199,847 vs. revenue $4,382,438).
Significant decline in total assets over the past decade, from $45,008,431 in 2013 to $24,860,519 in 2023.
Large fluctuations in annual expenses, making financial planning and impact assessment challenging (e.g., $11.2M in 2022 vs. $2.1M in 2021).

Spending Breakdown

How Foundation For Seacoast Health 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 Foundation For Seacoast Health

Is Foundation For Seacoast Health a legitimate charity?

Based on AI analysis of IRS 990 filings, Foundation For Seacoast Health (EIN: 20386319) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.

Is Foundation For Seacoast Health a good charity to donate to?

Foundation For Seacoast Health has a Mission Score of 65/100. Revenue: $3.5M. Assets: $25.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Foundation For Seacoast Health?

The Employer Identification Number (EIN) for Foundation For Seacoast Health is 20386319. 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 Seacoast Health spend its money?

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

How can I verify Foundation For Seacoast Health's tax-exempt status?

You can verify Foundation For Seacoast Health's tax-exempt status using EIN 20386319 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 Seacoast Health exhibits a fluctuating financial profile, with significant variations in revenue and expenses over the past decade. While the organization reported $3,503,440 in latest revenue and holds substantial assets of $25,895,816, recent filings show a concerning trend of expenses exceeding revenue. For instance, in 2023, expenses were $994,541 against revenue of $451,724, and in 2022, expenses were $11,199,847 compared to revenue of $4,382,438. This consistent deficit spending, particularly in the last two reported periods, raises questions about the long-term sustainability of its operational model, despite its large asset base. The organization's transparency appears strong regarding executive compensation, as officer compensation has consistently been reported as 0% across all available filings, indicating a volunteer or unpaid leadership structure, which is a positive sign for donor confidence.

The foundation's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses. However, the consistent reporting of 0% officer compensation suggests a lean approach to leadership costs. The significant decrease in assets from a high of $45,008,431 in 2013 to $24,860,519 in 2023, alongside periods of substantial expense outlays, warrants further investigation into the nature of these expenditures and their alignment with the organization's mission. The lack of specific NTEE code information also limits a precise comparison to peer organizations.

Overall, while the Foundation For Seacoast Health demonstrates transparency in its executive compensation, its financial health shows signs of stress due to persistent deficit spending in recent years. The substantial asset base provides a buffer, but the trend of expenses significantly outpacing revenue, as seen in 2023 and 2022, is a critical area for improvement to ensure long-term financial stability and impact.

Is Foundation For Seacoast Health Legit?

Verdict: Foundation For Seacoast Health shows mixed signals