Is Freeport Mcmoran Copper & Gold Foundation Legit?
Quick charity verification for Freeport Mcmoran Copper & Gold Foundation (EIN: 136077350)
Verdict: Freeport Mcmoran Copper & Gold Foundation appears trustworthy
90/100Mission Score
$23.2MRevenue
$2.4MAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent 0% officer compensation across all filings, indicating high efficiency.
Extremely low liabilities ($1 reported in recent years), demonstrating strong financial health and minimal debt.
Consistent filing of IRS Form 990s over a decade, indicating good transparency.
Significant revenue generation, often exceeding $15 million annually, suggesting substantial programmatic reach.
Spending Breakdown
How Freeport Mcmoran Copper & Gold Foundation allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
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 Freeport Mcmoran Copper & Gold Foundation
Is Freeport Mcmoran Copper & Gold Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Freeport Mcmoran Copper & Gold Foundation (EIN: 136077350) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
Is Freeport Mcmoran Copper & Gold Foundation a good charity to donate to?
Freeport Mcmoran Copper & Gold Foundation has a Mission Score of 90/100. Revenue: $23.2M. Assets: $2.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Freeport Mcmoran Copper & Gold Foundation?
The Employer Identification Number (EIN) for Freeport Mcmoran Copper & Gold Foundation is 136077350. 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 Freeport Mcmoran Copper & Gold Foundation spend its money?
Freeport Mcmoran Copper & Gold Foundation allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Freeport Mcmoran Copper & Gold Foundation's tax-exempt status?
You can verify Freeport Mcmoran Copper & Gold Foundation's tax-exempt status using EIN 136077350 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 Freeport Mcmoran Copper & Gold Foundation demonstrates consistent financial activity, with revenues and expenses generally in the range of $15-20 million annually over the past decade. The organization consistently reports $1 in liabilities across recent filings, suggesting a very strong balance sheet and minimal debt burden. Their assets have fluctuated, reaching a high of over $7 million in 2012 and currently standing at $2,396,864. The foundation's financial health appears stable, with sufficient assets to cover its minimal liabilities.
Spending efficiency is a key strength, as the organization consistently reports 0% officer compensation, indicating that executive leadership is not drawing salaries from the foundation's funds. This suggests a high proportion of funds are directed towards programmatic activities. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the absence of officer compensation is a strong indicator of efficient resource allocation.
Transparency is high regarding executive compensation, as the 0% officer compensation is clearly stated across all provided filings. The consistent filing of IRS Form 990s over a decade also points to a commitment to public disclosure. The minimal liabilities and stable asset base further contribute to a picture of a well-managed and transparent organization.