Is Foundations Of East Chicago Inc Legit?

Quick charity verification for Foundations Of East Chicago Inc (EIN: 208445003)

Verdict: Foundations Of East Chicago Inc appears trustworthy

95/100Mission Score
$12.7MRevenue
$40.5MAssets
1Red Flags
4Strengths

Red Flags

Strengths

Spending Breakdown

How Foundations Of East Chicago Inc 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 Foundations Of East Chicago Inc

Is Foundations Of East Chicago Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Foundations Of East Chicago Inc (EIN: 208445003) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.

Is Foundations Of East Chicago Inc a good charity to donate to?

Foundations Of East Chicago Inc has a Mission Score of 95/100. Revenue: $12.7M. Assets: $40.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Foundations Of East Chicago Inc?

The Employer Identification Number (EIN) for Foundations Of East Chicago Inc is 208445003. 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 Foundations Of East Chicago Inc spend its money?

Foundations Of East Chicago Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Foundations Of East Chicago Inc's tax-exempt status?

You can verify Foundations Of East Chicago Inc's tax-exempt status using EIN 208445003 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

Foundations Of East Chicago Inc demonstrates a generally stable financial position, with assets consistently in the range of $27 million to $40 million over the past decade. The organization's revenue has fluctuated, with a notable peak in 2011 at $22.8 million and a low in 2020 at $594,203, indicating reliance on varying funding streams or significant one-time events. Despite these fluctuations, the organization has maintained a healthy asset base, suggesting effective asset management. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries. Spending efficiency appears to be strong, particularly given the 0% officer compensation. While detailed program, administrative, and fundraising expense breakdowns are not provided in the summary data, the absence of executive compensation suggests a lean operational structure at the top. The organization's ability to maintain significant assets while incurring expenses that sometimes exceed revenue (e.g., 2020, 2013, 2012) indicates it draws upon its endowment or reserves to support its mission during leaner revenue years, which is a sign of financial resilience. The latest period (202312) shows revenue exceeding expenses ($4,202,578 vs. $2,827,992), contributing to asset growth. Overall, Foundations Of East Chicago Inc exhibits good financial health and strong transparency regarding executive compensation. Its substantial asset base provides a buffer against revenue volatility, allowing it to continue its work in East Chicago. The consistent reporting of financial data over ten periods further enhances its transparency profile.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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