Quick charity verification for Fulton Fish Market Welfare Fund (EIN: 135562786)
Verdict: Fulton Fish Market Welfare Fund appears trustworthy
85/100Mission Score
$6.7MRevenue
$10.2MAssets
1Red Flags
4Strengths
Red Flags
Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes full efficiency assessment difficult.
Strengths
Consistent asset growth from $1.8M in 2014 to over $10M in 2023.
No reported officer compensation across all filings, indicating high efficiency in executive costs.
Revenues generally exceed expenses, contributing to financial stability.
Manageable liabilities relative to assets, indicating a strong balance sheet.
Spending Breakdown
How Fulton Fish Market Welfare Fund 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 Fulton Fish Market Welfare Fund
Is Fulton Fish Market Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Fulton Fish Market Welfare Fund (EIN: 135562786) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Fulton Fish Market Welfare Fund a good charity to donate to?
Fulton Fish Market Welfare Fund has a Mission Score of 85/100. Revenue: $6.7M. Assets: $10.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Fulton Fish Market Welfare Fund?
The Employer Identification Number (EIN) for Fulton Fish Market Welfare Fund is 135562786. 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 Fulton Fish Market Welfare Fund spend its money?
Fulton Fish Market Welfare Fund allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Fulton Fish Market Welfare Fund's tax-exempt status?
You can verify Fulton Fish Market Welfare Fund's tax-exempt status using EIN 135562786 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 Fulton Fish Market Welfare Fund demonstrates consistent financial health, with revenues generally exceeding expenses over the past decade, leading to a steady growth in assets. For instance, in 2023, revenue was $5,075,193 against expenses of $4,585,865, contributing to an asset base of $10,334,239. The organization's liabilities have fluctuated but remain manageable relative to its assets, indicating a stable financial position. The absence of reported officer compensation across all available filings suggests a high degree of spending efficiency in this area, which is a positive indicator for a welfare fund. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a precise assessment of spending efficiency and program focus is challenging. The consistent growth in assets from $1,867,739 in 2014 to over $10 million in 2023 suggests effective financial management and accumulation of resources to support its mission.