Is Friends Of Forgotten Children Legit? —…

Quick charity verification for Friends Of Forgotten Children (EIN: 202684275)

Strengths

Consistent asset growth, from $46,806 in 2014 to $944,503 in 2023, indicating strong financial management.
Zero officer compensation reported across all 13 filings, demonstrating a commitment to directing funds to the mission.
Expenses consistently significantly lower than revenue (e.g., 2023 expenses $169,377 vs. revenue $317,834), suggesting high spending efficiency.
Low liabilities reported in most periods, indicating a healthy balance sheet.
Strong revenue growth in recent years, with 2023 revenue at $317,834, up from $99,874 in 2021.

Spending Breakdown

How Friends Of Forgotten Children allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Of Forgotten Children

Is Friends Of Forgotten Children a legitimate charity?

Based on AI analysis of IRS 990 filings, Friends Of Forgotten Children (EIN: 202684275) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.

Is Friends Of Forgotten Children a good charity to donate to?

Friends Of Forgotten Children has a Mission Score of 95/100. Revenue: $303K. Assets: $1.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Friends Of Forgotten Children?

The Employer Identification Number (EIN) for Friends Of Forgotten Children is 202684275. 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 Of Forgotten Children spend its money?

Friends Of Forgotten Children allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Friends Of Forgotten Children's tax-exempt status?

You can verify Friends Of Forgotten Children's tax-exempt status using EIN 202684275 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 Of Forgotten Children demonstrates strong financial health and spending efficiency, particularly in recent years. The organization consistently spends significantly less than its revenue, leading to substantial growth in assets. For example, in 2023, revenue was $317,834 while expenses were $169,377, contributing to an asset increase from $787,639 in 2022 to $944,503. This trend of accumulating assets suggests prudent financial management and the ability to build reserves. The consistent reporting of 0% officer compensation across all available filings indicates a commitment to directing funds towards its mission rather than executive salaries, enhancing its transparency and donor confidence.

The organization's spending efficiency is further highlighted by its low expense ratios relative to revenue. While specific program, administrative, and fundraising breakdowns are not provided in the summary data, the overall low expenses compared to revenue suggest a lean operational model. The significant jump in revenue in 2015 to $544,325, followed by more moderate but consistent growth, indicates a stable funding base. The organization's transparency is excellent, with 13 filings available and clear reporting of key financial metrics, including zero officer compensation.

Overall, Friends Of Forgotten Children appears to be a well-managed and financially sound nonprofit. Its consistent asset growth, low reported expenses relative to revenue, and commitment to zero officer compensation paint a picture of an organization focused on its mission and responsible stewardship of donor funds. The lack of liabilities in many periods further underscores its strong financial position.

Is Friends Of Forgotten Children Legit?

Verdict: Friends Of Forgotten Children appears trustworthy