Quick charity verification for Gene R Cohen Charitable Foundation (EIN: 223075611)
Verdict: Gene R Cohen Charitable Foundation shows mixed signals
65/100Mission Score
$105KRevenue
$877KAssets
2Red Flags
3Strengths
Red Flags
Revenue has shown a significant decline from $173,437 in 2021 to $67,698 in 2023.
The foundation's net assets have not grown substantially over the past decade, fluctuating around the $600,000-$800,000 range.
Strengths
Consistent operational expenses relative to assets, indicating stable management.
Low administrative and fundraising costs based on available data, suggesting efficiency.
Maintains a healthy asset base relative to its annual revenue and expenses.
Spending Breakdown
How Gene R Cohen Charitable Foundation allocates its funds across programs, administration, and fundraising.
60%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
20%
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 Gene R Cohen Charitable Foundation
Is Gene R Cohen Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Gene R Cohen Charitable Foundation (EIN: 223075611) shows mixed signals. Mission Score: 65/100. 2 red flags identified, 3 strengths noted.
Is Gene R Cohen Charitable Foundation a good charity to donate to?
Gene R Cohen Charitable Foundation has a Mission Score of 65/100. Revenue: $105K. Assets: $877K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Gene R Cohen Charitable Foundation?
The Employer Identification Number (EIN) for Gene R Cohen Charitable Foundation is 223075611. 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 Gene R Cohen Charitable Foundation spend its money?
Gene R Cohen Charitable Foundation allocates 60% to programs, 20% to administration, and 20% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Gene R Cohen Charitable Foundation's tax-exempt status?
You can verify Gene R Cohen Charitable Foundation's tax-exempt status using EIN 223075611 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
Gene R Cohen Charitable Foundation is a unknown nonprofit based in Portland, Maine, with reported revenue of $105K and assets of $877K. Our AI analysis assigns a Mission Score of 65/100 (Good). Approximately 60% of spending goes to programs, 20% to administration, and 20% to fundraising. Executive compensation is not reported in the provided filings, suggesting it is either minimal or non-existent, which is common for very small foundations. Revenue has grown +533% across 10 filing periods.