Quick charity verification for Fund For Life Foundation Inc (EIN: 113239215)
Verdict: Fund For Life Foundation Inc appears trustworthy
70/100Mission Score
$2.6MRevenue
$46.9MAssets
2Red Flags
3Strengths
Red Flags
Consistent deficit spending (expenses exceeding revenue in 7 out of 10 periods), raising questions about long-term financial sustainability without a clear strategy.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering a full assessment of spending efficiency.
Strengths
Substantial and growing asset base, increasing from $34,212,553 in 2011 to $46,866,185 currently, providing financial stability.
Zero reported officer compensation across all filings, indicating strong financial prudence at the executive level and a commitment to minimizing overhead.
Consistent filing history over a decade, demonstrating compliance and transparency in reporting to the IRS.
Spending Breakdown
How Fund For Life Foundation Inc allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
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 Life Foundation Inc
Is Fund For Life Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Fund For Life Foundation Inc (EIN: 113239215) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
Is Fund For Life Foundation Inc a good charity to donate to?
Fund For Life Foundation Inc has a Mission Score of 70/100. Revenue: $2.6M. Assets: $46.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Fund For Life Foundation Inc?
The Employer Identification Number (EIN) for Fund For Life Foundation Inc is 113239215. 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 Life Foundation Inc spend its money?
Fund For Life Foundation Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Fund For Life Foundation Inc's tax-exempt status?
You can verify Fund For Life Foundation Inc's tax-exempt status using EIN 113239215 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 Life Foundation Inc demonstrates a consistent operational pattern with expenses frequently exceeding revenue, as seen in 7 out of the 10 provided filings. For instance, in 2023, expenses were $2,755,863 against revenues of $1,671,323, indicating a reliance on existing assets or prior surpluses to cover operational costs. Despite this, the organization maintains substantial assets, reaching $46,866,185 in the latest filing, which suggests a strong financial foundation built over time. The absence of reported officer compensation across all filings is a notable positive for transparency and efficiency, indicating that leadership is either unpaid or compensated through other means not disclosed as officer compensation on the 990s. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, it is challenging to fully assess spending efficiency and program focus.
The organization's asset base has shown growth over the decade, from $34,212,553 in 2011 to $46,866,185 currently, despite periods of negative net income. This growth in assets, alongside fluctuating liabilities, suggests careful asset management. The consistent lack of officer compensation is a strong indicator of financial prudence at the executive level. However, the recurring deficit spending raises questions about long-term financial sustainability if not supported by a clear strategy for asset utilization or future revenue growth. Further transparency on the allocation of expenses would provide a clearer picture of how effectively funds are being deployed towards their mission.