Quick charity verification for Friends For Life Inc (EIN: 201495947)
Verdict: Friends For Life Inc appears trustworthy
92/100Mission Score
$141KRevenue
$429KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Strong program spending ratio (85% in 2023)
Zero liabilities reported across all filings
Consistent asset growth over the past decade (from $206,400 in 2014 to $384,159 in 2023)
No officer compensation reported, indicating efficient use of funds
Positive revenue trend and financial stability
Spending Breakdown
How Friends For Life Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Friends For Life Inc
Is Friends For Life Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends For Life Inc (EIN: 201495947) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Friends For Life Inc a good charity to donate to?
Friends For Life Inc has a Mission Score of 92/100. Revenue: $141K. Assets: $429K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Friends For Life Inc?
The Employer Identification Number (EIN) for Friends For Life Inc is 201495947. 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 Friends For Life Inc spend its money?
Friends For Life Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Friends For Life Inc's tax-exempt status?
You can verify Friends For Life Inc's tax-exempt status using EIN 201495947 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
Friends For Life Inc demonstrates strong financial health and efficient spending, particularly in its program services. Over the past decade, the organization has consistently grown its assets, reaching $384,159 in 2023, while maintaining zero liabilities, indicating excellent financial stability. Their program spending ratio is consistently high, with 85% of expenses dedicated to programs in 2023, reflecting a strong commitment to their mission. The organization also exhibits high transparency by consistently filing its IRS Form 990s and reporting no officer compensation, which is a positive indicator for a nonprofit of its size.
The organization's revenue has shown a positive trend, increasing from $71,753 in 2014 to $119,430 in 2023, demonstrating sustainable growth. Expenses have also been well-managed, consistently staying below revenue in most years, allowing for asset accumulation. The absence of executive compensation further reinforces their dedication to directing resources towards their programs rather than administrative overhead.
Overall, Friends For Life Inc appears to be a well-managed and financially sound nonprofit. Their consistent growth, efficient spending, and transparent operations suggest a reliable organization effectively utilizing its resources to achieve its mission. The lack of liabilities and the steady increase in assets are particularly strong indicators of long-term sustainability.