Quick charity verification for Fred Forsyth Educational Trust (EIN: 16059631)
Verdict: Fred Forsyth Educational Trust appears trustworthy
85/100Mission Score
$293KRevenue
$777KAssets
1Red Flags
5Strengths
Red Flags
Consistent deficit spending in some years (e.g., 202307 expenses $65,904 vs. revenue $4,211) could deplete assets over the long term if not managed.
Strengths
100% volunteer leadership (0% officer compensation) across all reported periods, maximizing funds for mission.
Strong program focus, with an estimated 90% of spending directed to programs.
Substantial asset base ($830,036 in 202307) provides financial stability and long-term sustainability.
Very low liabilities ($1 in recent years) indicates sound financial management and minimal debt.
Consistent IRS 990 filing history demonstrates good transparency.
Spending Breakdown
How Fred Forsyth Educational Trust 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 Fred Forsyth Educational Trust
Is Fred Forsyth Educational Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Fred Forsyth Educational Trust (EIN: 16059631) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
Is Fred Forsyth Educational Trust a good charity to donate to?
Fred Forsyth Educational Trust has a Mission Score of 85/100. Revenue: $293K. Assets: $777K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Fred Forsyth Educational Trust?
The Employer Identification Number (EIN) for Fred Forsyth Educational Trust is 16059631. 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 Fred Forsyth Educational Trust spend its money?
Fred Forsyth Educational Trust allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Fred Forsyth Educational Trust's tax-exempt status?
You can verify Fred Forsyth Educational Trust's tax-exempt status using EIN 16059631 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 Fred Forsyth Educational Trust demonstrates a consistent commitment to its mission, as evidenced by its program spending. In the latest filing (202307), the organization reported $65,904 in expenses against $4,211 in revenue, indicating a reliance on its asset base to fund operations. Over the past few years, expenses have generally been stable, ranging from $54,328 in 202007 to $65,904 in 202307. The organization's assets have fluctuated but remained substantial, with $830,036 in 202307, suggesting a healthy endowment or investment strategy supporting its long-term viability.
The trust's financial health appears stable, with assets significantly outweighing liabilities (only $1 in recent years). The absence of officer compensation across all reported periods is a strong indicator of volunteer leadership, which can contribute to lower administrative costs and a higher percentage of funds directed towards programs. However, the consistent deficit spending in some years, such as 202307 where expenses were significantly higher than revenue, warrants attention to ensure the sustainability of its asset base over time.
Regarding transparency, the consistent filing of IRS Form 990s over nine periods provides a good historical record. The lack of officer compensation simplifies the analysis of executive pay. The organization's NTEE code (T22 - Scholarships, Student Financial Aid) clearly defines its program focus, aligning with its educational trust nature. Overall, the trust appears to be a well-managed entity with a clear mission and efficient use of resources, particularly given its volunteer leadership.