Quick charity verification for Frederick W Mccarthy Foundation (EIN: 117345034)
Verdict: Frederick W Mccarthy Foundation shows mixed signals
40/100Mission Score
$43KRevenue
$139KAssets
3Red Flags
2Strengths
Red Flags
Consistent and significant deficit spending, with expenses far exceeding revenue in most years (e.g., 2023 revenue $5,995 vs. expenses $34,589).
Rapid depletion of assets, falling from $938,216 in 2011 to $167,573 in 2023, indicating an unsustainable financial trajectory.
Lack of detailed expense breakdown in the provided data makes it difficult to assess specific spending efficiency beyond the overall deficit.
Strengths
Consistent reporting of 0% officer compensation, indicating no executive salaries are paid.
Low liabilities, consistently reported as $1 or $0, suggesting minimal debt burden.
Spending Breakdown
How Frederick W Mccarthy Foundation allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 Frederick W Mccarthy Foundation
Is Frederick W Mccarthy Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Frederick W Mccarthy Foundation (EIN: 117345034) shows mixed signals. Mission Score: 40/100. 3 red flags identified, 2 strengths noted.
Is Frederick W Mccarthy Foundation a good charity to donate to?
Frederick W Mccarthy Foundation has a Mission Score of 40/100. Revenue: $43K. Assets: $139K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Frederick W Mccarthy Foundation?
The Employer Identification Number (EIN) for Frederick W Mccarthy Foundation is 117345034. 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 Frederick W Mccarthy Foundation spend its money?
Frederick W Mccarthy Foundation allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Frederick W Mccarthy Foundation's tax-exempt status?
You can verify Frederick W Mccarthy Foundation's tax-exempt status using EIN 117345034 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 Frederick W Mccarthy Foundation exhibits a concerning trend of declining financial health over the past decade. While the organization consistently reports zero officer compensation, which is a positive for transparency, its expenses have significantly outpaced its revenue in most recent years. For example, in 2023, revenue was $5,995 against expenses of $34,589, and in 2022, revenue was $2,495 against expenses of $33,257. This consistent deficit spending has led to a substantial depletion of assets, falling from $938,216 in 2011 to $167,573 in 2023. The foundation's ability to sustain its operations and mission in the long term is questionable given this trajectory. Without more detailed expense breakdowns, it's difficult to assess spending efficiency beyond the overall deficit.