Quick charity verification for Fund For Innovation And Public Service (EIN: 133384072)
Verdict: Fund For Innovation And Public Service appears trustworthy
85/100Mission Score
$593KRevenue
$7.9MAssets
2Red Flags
4Strengths
Red Flags
Significant revenue volatility across years (e.g., $4.1M in 2015 vs. $241K in 2020) could indicate reliance on sporadic large grants or donations.
Lack of detailed functional expense breakdown (program, admin, fundraising) in the provided data makes a precise efficiency analysis difficult.
Strengths
Strong and consistent asset growth, reaching $7,696,574 in 2023, indicating financial stability.
Extremely low liabilities ($1 across all periods), demonstrating excellent financial health and minimal debt.
Consistent reporting of 0% officer compensation, suggesting efficient use of funds and potentially volunteer leadership.
Expenses generally well-controlled relative to revenue, allowing for asset accumulation.
Spending Breakdown
How Fund For Innovation And Public Service allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Fund For Innovation And Public Service
Is Fund For Innovation And Public Service a legitimate charity?
Based on AI analysis of IRS 990 filings, Fund For Innovation And Public Service (EIN: 133384072) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Fund For Innovation And Public Service a good charity to donate to?
Fund For Innovation And Public Service has a Mission Score of 85/100. Revenue: $593K. Assets: $7.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Fund For Innovation And Public Service?
The Employer Identification Number (EIN) for Fund For Innovation And Public Service is 133384072. 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 Fund For Innovation And Public Service spend its money?
Fund For Innovation And Public Service allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Fund For Innovation And Public Service's tax-exempt status?
You can verify Fund For Innovation And Public Service's tax-exempt status using EIN 133384072 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 Fund For Innovation And Public Service demonstrates strong financial health with consistently growing assets, reaching $7,696,574 in 2023, and minimal liabilities ($1 across all reported periods), indicating a very stable financial position. The organization's revenue has fluctuated significantly over the years, from a high of $4,143,039 in 2015 to $241,613 in 2020, and then rebounding to $836,615 in 2023. Despite these revenue swings, expenses have remained relatively controlled, suggesting prudent financial management. The consistent reporting of zero officer compensation across all filings enhances transparency and indicates that leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which is a positive sign for donor confidence.
Spending efficiency appears high, as evidenced by the organization's ability to maintain low expenses relative to its revenue and asset base. For instance, in 2023, expenses were $420,394 against revenue of $836,615, allowing for significant asset growth. The absence of reported officer compensation further suggests that a larger portion of funds could be directed towards programmatic activities. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency across these categories is challenging.
Overall, the organization exhibits strong financial stability and a commitment to transparency through its consistent reporting and zero officer compensation. The substantial asset base and minimal liabilities provide a robust foundation. To further enhance transparency, a more detailed breakdown of functional expenses would be beneficial for stakeholders to fully understand how funds are allocated.