Is Frank And Tracy Collins Charitablefoundation Legit?
Quick charity verification for Frank And Tracy Collins Charitablefoundation (EIN: 203995371)
Verdict: Frank And Tracy Collins Charitablefoundation appears trustworthy
75/100Mission Score
$30KRevenue
$486KAssets
2Red Flags
4Strengths
Red Flags
Consistent decline in assets due to expenses significantly exceeding revenue (e.g., 2023: $15,464 revenue vs. $66,034 expenses)
Lack of detailed expense breakdown in provided data makes it difficult to fully assess program efficiency beyond total expenses.
Strengths
Zero officer compensation reported across all filings, indicating high efficiency in executive overhead.
Minimal liabilities ($0 or $1) consistently reported, showing a strong balance sheet.
Consistent IRS 990 filing history demonstrates good compliance and transparency.
NTEE code T22 suggests a focus on grantmaking, which is its core program activity.
Spending Breakdown
How Frank And Tracy Collins Charitablefoundation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
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 Frank And Tracy Collins Charitablefoundation
Is Frank And Tracy Collins Charitablefoundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Frank And Tracy Collins Charitablefoundation (EIN: 203995371) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Frank And Tracy Collins Charitablefoundation a good charity to donate to?
Frank And Tracy Collins Charitablefoundation has a Mission Score of 75/100. Revenue: $30K. Assets: $486K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Frank And Tracy Collins Charitablefoundation?
The Employer Identification Number (EIN) for Frank And Tracy Collins Charitablefoundation is 203995371. 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 Frank And Tracy Collins Charitablefoundation spend its money?
Frank And Tracy Collins Charitablefoundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Frank And Tracy Collins Charitablefoundation's tax-exempt status?
You can verify Frank And Tracy Collins Charitablefoundation's tax-exempt status using EIN 203995371 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 Frank And Tracy Collins Charitablefoundation appears to be a private foundation primarily focused on grantmaking, as indicated by its NTEE code T22. Its financial health shows a consistent pattern of expenses significantly exceeding revenue in recent years, leading to a decline in assets. For instance, in 2023, revenue was $15,464 while expenses were $66,034, and in 2022, revenue was $935 against $105,000 in expenses. This suggests the foundation is spending down its principal or relying on prior year investment gains not reflected as current revenue. The foundation consistently reports minimal liabilities ($1 or $0), indicating a strong balance sheet in terms of debt.
Spending efficiency is difficult to fully assess without a detailed breakdown of program service expenses versus administrative and fundraising costs, which are not explicitly provided in the summary data. However, as a private foundation, its primary 'program' is typically grant distribution. The consistent lack of officer compensation (0%) across all reported periods is a positive indicator of efficient use of funds, as it suggests that administrative overhead related to executive salaries is non-existent. The declining asset base, from a high of $959,794 in 2019 to $485,801 currently, reflects its operational model of distributing more than it receives in annual contributions.
Transparency appears to be adequate given the availability of multiple IRS 990 filings. The consistent reporting of zero officer compensation is a clear and positive transparency point. However, without a more granular breakdown of expenses beyond total expenses, it's challenging to fully evaluate the proportion of funds directly going to charitable programs versus other operational costs. The foundation's consistent filing history demonstrates a commitment to regulatory compliance.