Is Fugitt Foundation Legit?

Quick charity verification for Fugitt Foundation (EIN: 201189418)

Verdict: Fugitt Foundation appears trustworthy

85/100Mission Score

$3.3MRevenue

$31.9MAssets

3Red Flags

4Strengths

Red Flags

Significant revenue volatility, with a peak of $34,545,397 in 2021 followed by a sharp decline to $1,354,202 in 2023, could indicate reliance on unpredictable funding sources.
Expenses exceeded revenue in 2023 ($1,784,856 vs. $1,354,202), which if sustained, could lead to asset depletion.
Zero reported officer compensation for an organization with over $31 million in assets is unusual and could mask indirect compensation or raise questions about leadership sustainability.

Strengths

Substantial and growing asset base, reaching $31,897,490, provides long-term financial stability.
Consistently minimal liabilities (often $1) indicate excellent financial management and low debt risk.
Zero reported officer compensation suggests a highly efficient or volunteer-driven leadership structure, potentially maximizing funds for mission-related activities.
Consistent IRS 990 filing history demonstrates a commitment to transparency and regulatory compliance.

Spending Breakdown

How Fugitt Foundation 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 Fugitt Foundation

Is Fugitt Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Fugitt Foundation (EIN: 201189418) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.

Is Fugitt Foundation a good charity to donate to?

Fugitt Foundation has a Mission Score of 85/100. Revenue: $3.3M. Assets: $31.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Fugitt Foundation?

The Employer Identification Number (EIN) for Fugitt Foundation is 201189418. 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 Fugitt Foundation spend its money?

Fugitt Foundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Fugitt Foundation's tax-exempt status?

You can verify Fugitt Foundation's tax-exempt status using EIN 201189418 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 Fugitt Foundation demonstrates a strong financial position with substantial assets, currently at $31,897,490. The organization's revenue has shown significant volatility, with a peak of $34,545,397 in 2021, followed by a decrease to $1,354,202 in 2023. Despite this fluctuation, the foundation consistently maintains minimal liabilities, often reported as $1, indicating sound financial management and low debt risk. The absence of reported officer compensation across all filings suggests a volunteer-led or very lean executive structure, which can contribute to lower administrative costs and higher program efficiency. However, the wide swings in revenue and expenses, such as expenses exceeding revenue in 2023 ($1,784,856 vs. $1,354,202), warrant closer examination to understand the underlying operational dynamics and funding sources.

The foundation's spending efficiency appears to be generally good, especially given the zero officer compensation. While specific program spending percentages are not detailed in the provided data, the overall low expense figures relative to assets, particularly in earlier years, suggest a focus on asset growth and endowment management. The significant increase in assets from $4,920,955 in 2020 to $31,844,411 in 2022, largely driven by the high revenue in 2021, indicates successful investment or fundraising activities that have bolstered its long-term capacity. The consistent reporting of minimal liabilities also points to a transparent and fiscally responsible approach.

Transparency is generally high, as evidenced by the consistent filing of IRS Form 990s and the clear reporting of key financial metrics. The lack of officer compensation is a notable positive for transparency and public trust. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a complete assessment of spending efficiency and program focus is challenging. Further details on how the substantial assets are being utilized to fulfill the foundation's mission would enhance overall transparency.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.