Is Gerald And Janet Carrus Foundation…

Quick charity verification for Gerald And Janet Carrus Foundation (EIN: 133929249)

Spending Breakdown

How Gerald And Janet Carrus 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

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 Gerald And Janet Carrus Foundation

Is Gerald And Janet Carrus Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Gerald And Janet Carrus Foundation (EIN: 133929249) shows mixed signals. Mission Score: 55/100. 3 red flags identified, 2 strengths noted.

Is Gerald And Janet Carrus Foundation a good charity to donate to?

Gerald And Janet Carrus Foundation has a Mission Score of 55/100. Revenue: $764K. Assets: $2.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Gerald And Janet Carrus Foundation?

The Employer Identification Number (EIN) for Gerald And Janet Carrus Foundation is 133929249. 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 Gerald And Janet Carrus Foundation spend its money?

Gerald And Janet Carrus Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Gerald And Janet Carrus Foundation's tax-exempt status?

You can verify Gerald And Janet Carrus Foundation's tax-exempt status using EIN 133929249 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 Gerald And Janet Carrus Foundation exhibits a concerning trend of declining assets and consistent operating deficits over the past several years. For instance, in 2023, the organization reported revenue of $331,031 against expenses of $1,446,461, resulting in a significant deficit. This pattern is not isolated, with similar substantial deficits observed in 2022 ($200,301 revenue vs. $1,235,326 expenses) and 2021 ($423,703 revenue vs. $1,199,115 expenses). The foundation's assets have steadily decreased from $10,314,512 in 2011 to $3,180,724 in 2023, indicating that it is spending down its endowment without sufficient incoming revenue to sustain its asset base.

While the organization consistently reports 0% officer compensation, which is a positive indicator for minimizing administrative overhead related to executive pay, the overall financial health is challenged by the persistent negative net income. The NTEE code T60Z suggests it is a private foundation, which often operates by distributing grants from an endowment. The significant decline in assets suggests that the foundation's grant-making activities are exceeding its investment returns and contributions, leading to a depletion of its principal.

Given the consistent and substantial deficits, the long-term sustainability of the foundation's current operational model is questionable. While transparency regarding officer compensation is good, the financial reports indicate a need for strategic review of spending relative to revenue generation to ensure the foundation can continue its mission effectively in the future.

Is Gerald And Janet Carrus Foundation Legit?

Verdict: Gerald And Janet Carrus Foundation shows mixed signals

Red Flags

Strengths