Is George Winfield Treat Memorial Library Foundation Legit?
Quick charity verification for George Winfield Treat Memorial Library Foundation (EIN: 16008577)
Verdict: George Winfield Treat Memorial Library Foundation appears trustworthy
95/100Mission Score
$299KRevenue
$390KAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Zero officer compensation, indicating high efficiency and dedication of resources to mission.
Consistently reports zero liabilities, demonstrating strong financial health and no debt.
Stable and substantial asset base (currently $396,758), suggesting long-term sustainability.
Consistent and low operating expenses relative to assets, indicating prudent financial management.
Spending Breakdown
How George Winfield Treat Memorial Library Foundation 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 George Winfield Treat Memorial Library Foundation
Is George Winfield Treat Memorial Library Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, George Winfield Treat Memorial Library Foundation (EIN: 16008577) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 4 strengths noted.
Is George Winfield Treat Memorial Library Foundation a good charity to donate to?
George Winfield Treat Memorial Library Foundation has a Mission Score of 95/100. Revenue: $299K. Assets: $390K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for George Winfield Treat Memorial Library Foundation?
The Employer Identification Number (EIN) for George Winfield Treat Memorial Library Foundation is 16008577. 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 George Winfield Treat Memorial Library Foundation spend its money?
George Winfield Treat Memorial Library Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify George Winfield Treat Memorial Library Foundation's tax-exempt status?
You can verify George Winfield Treat Memorial Library Foundation's tax-exempt status using EIN 16008577 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 George Winfield Treat Memorial Library Foundation appears to be a small, well-managed organization with a consistent financial profile. Over the past five reported periods, its expenses have remained relatively stable, averaging around $26,148 annually. The foundation consistently reports zero liabilities, indicating strong financial solvency and a lack of debt. While revenue has fluctuated, with a notable spike in 2020 ($41,406) and a more recent high in 2023 ($25,894), the organization's assets have remained robust, currently standing at $396,758. This suggests a stable endowment or investment base supporting its operations.
The foundation demonstrates excellent spending efficiency, as evidenced by its 0% officer compensation across all reported periods. This indicates that all resources are directed towards its mission without significant overhead for executive salaries. The consistent reporting of zero liabilities further enhances its transparency and financial health, showing a clear and unencumbered asset base. The organization's financial stability, coupled with its efficient use of funds, points to a responsible and well-governed entity.
Given the data, the foundation appears to be primarily focused on maintaining its assets to support its mission, likely through grants or distributions to the library it supports. The consistent asset base and low, stable expenses suggest a long-term, sustainable operational model. The absence of officer compensation is a significant positive indicator of its commitment to maximizing program impact.