Quick charity verification for Funding Passion And Love Foundation Inc (EIN: 200451720)
Verdict: Funding Passion And Love Foundation Inc shows mixed signals
40/100Mission Score
$380KRevenue
$833KAssets
3Red Flags
2Strengths
Red Flags
Consistent and significant operating deficits (expenses far exceeding revenue, e.g., $68,032 revenue vs. $381,532 expenses in 2023).
Rapid decline in total assets over recent years (from $2,502,509 in 2019 to $1,082,342 in 2023).
Latest revenue ($68,032 in 2023) is a small fraction of the latest expenses ($381,532 in 2023).
Strengths
No officer compensation reported, indicating resources are not being used for executive salaries.
Historically maintained a substantial asset base, though it is currently declining.
Spending Breakdown
How Funding Passion And Love 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 Funding Passion And Love Foundation Inc
Is Funding Passion And Love Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Funding Passion And Love Foundation Inc (EIN: 200451720) shows mixed signals. Mission Score: 40/100. 3 red flags identified, 2 strengths noted.
Is Funding Passion And Love Foundation Inc a good charity to donate to?
Funding Passion And Love Foundation Inc has a Mission Score of 40/100. Revenue: $380K. Assets: $833K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Funding Passion And Love Foundation Inc?
The Employer Identification Number (EIN) for Funding Passion And Love Foundation Inc is 200451720. 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 Funding Passion And Love Foundation Inc spend its money?
Funding Passion And Love Foundation Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Funding Passion And Love Foundation Inc's tax-exempt status?
You can verify Funding Passion And Love Foundation Inc's tax-exempt status using EIN 200451720 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
Funding Passion And Love Foundation Inc exhibits a concerning financial trend, with expenses consistently and significantly outstripping revenue in recent years. For example, in 2023, the organization reported revenue of $68,032 against expenses of $381,532, indicating a substantial operating deficit. This pattern of spending far more than it brings in has led to a steady decline in assets, from $2,502,509 in 2019 to $1,082,342 in 2023. While the organization reports 0% officer compensation, which suggests good transparency regarding executive pay, the overall financial sustainability is questionable given the persistent deficits.
The organization's financial health appears to be deteriorating, relying heavily on its declining asset base to cover operational costs. The lack of detailed expense breakdowns in the provided data makes it difficult to assess spending efficiency beyond the top-line figures. However, the consistent and large gap between revenue and expenses is a significant red flag for long-term viability. Without a clear strategy to increase revenue or drastically reduce expenses, the foundation's ability to sustain its mission is at risk.