Quick charity verification for Genworth Foundation (EIN: 203370235)
Verdict: Genworth Foundation appears trustworthy
85/100Mission Score
$3.1MRevenue
$3.0MAssets
2Red Flags
3Strengths
Red Flags
Highly volatile revenue streams, making long-term financial planning challenging.
Significant asset decline from 201912 ($7,461,492) to 202312 ($2,707,805).
Strengths
Consistent 0% officer compensation, indicating high efficiency and dedication of funds to mission.
Latest filing (202312) shows a positive net income ($3,155,368 revenue vs. $2,907,594 expenses).
Strong program focus due to minimal administrative overhead from executive salaries.
Spending Breakdown
How Genworth Foundation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Genworth Foundation
Is Genworth Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Genworth Foundation (EIN: 203370235) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Genworth Foundation a good charity to donate to?
Genworth Foundation has a Mission Score of 85/100. Revenue: $3.1M. Assets: $3.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Genworth Foundation?
The Employer Identification Number (EIN) for Genworth Foundation is 203370235. 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 Genworth Foundation spend its money?
Genworth Foundation allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Genworth Foundation's tax-exempt status?
You can verify Genworth Foundation's tax-exempt status using EIN 203370235 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 Genworth Foundation demonstrates a fluctuating financial profile, with significant swings in revenue and expenses over the past decade. For instance, revenue in 201912 was $8,115,981, while in 202212 it dropped to $81,380, indicating reliance on sporadic large contributions rather than consistent funding streams. Despite these fluctuations, the organization consistently reports 0% officer compensation, which is a strong indicator of financial efficiency and a commitment to directing funds towards its mission rather than executive salaries. The foundation's assets have also varied considerably, from a high of $7,461,492 in 201912 to $2,412,831 in 202212, suggesting that its financial health is closely tied to its revenue cycles. The latest filing (202312) shows a healthier revenue of $3,155,368 against expenses of $2,907,594, resulting in a surplus, which is a positive sign for its immediate operational stability. The consistent reporting of 0% officer compensation across all available filings is a significant positive for transparency and efficiency.