Quick charity verification for Garrett Chapel Memorial Trust (EIN: 160759023)
Verdict: Garrett Chapel Memorial Trust appears trustworthy
85/100Mission Score
$436KRevenue
$1.3MAssets
2Red Flags
4Strengths
Red Flags
Significant revenue volatility, making long-term planning potentially challenging.
Lack of detailed spending breakdown (e.g., program vs. administrative) in provided summary data, hindering a precise efficiency assessment.
Strengths
Consistent maintenance of over $1 million in assets, indicating strong financial stability.
Zero officer compensation reported across all filings, demonstrating exceptional efficiency and dedication.
Expenses generally well below revenue, indicating prudent financial management.
Ability to recover from years with higher expenses, such as 2021, without long-term financial detriment.
Spending Breakdown
How Garrett Chapel Memorial Trust allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Garrett Chapel Memorial Trust
Is Garrett Chapel Memorial Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Garrett Chapel Memorial Trust (EIN: 160759023) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Garrett Chapel Memorial Trust a good charity to donate to?
Garrett Chapel Memorial Trust has a Mission Score of 85/100. Revenue: $436K. Assets: $1.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Garrett Chapel Memorial Trust?
The Employer Identification Number (EIN) for Garrett Chapel Memorial Trust is 160759023. 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 Garrett Chapel Memorial Trust spend its money?
Garrett Chapel Memorial Trust allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Garrett Chapel Memorial Trust's tax-exempt status?
You can verify Garrett Chapel Memorial Trust's tax-exempt status using EIN 160759023 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
Garrett Chapel Memorial Trust demonstrates consistent financial stability with assets exceeding $1 million in recent years, reaching $1,270,936 most recently. The organization's revenue has fluctuated significantly, from a high of $652,553 in 2015 to $126,179 in 2023, indicating reliance on variable funding sources. Expenses have generally been well below revenue, with the notable exception of 2021 where expenses of $625,449 significantly outstripped revenue of $280,187, leading to a decrease in assets that year. However, the organization has consistently recovered, showing prudent financial management over the long term.
The organization appears to be highly efficient in its operations, as evidenced by zero officer compensation reported across all available filings. This suggests that the trust is likely managed by volunteers or through very low administrative overhead, allowing a greater proportion of funds to be directed towards its mission. The consistent reporting of zero officer compensation also points to a high degree of transparency regarding executive remuneration.
While specific program spending details are not provided in the summary data, the low overall expenses relative to assets and the absence of officer compensation suggest a strong focus on mission-related activities. The organization's ability to maintain and grow its asset base over time, despite revenue fluctuations, indicates sound stewardship of its financial resources. Further analysis of program service expenses would provide a more complete picture of spending efficiency.