Quick charity verification for Ginger Cove Foundation Inc (EIN: 113656031)
Verdict: Ginger Cove Foundation Inc appears trustworthy
88/100Mission Score
$665KRevenue
$3.4MAssets
2Red Flags
3Strengths
Red Flags
Significant expense exceeding revenue in 2020 ($1,057,731 expenses vs. $497,309 revenue)
Increasing trend in liabilities, reaching $797,720 in 2023
Strengths
Consistent reporting of 0% officer compensation across all filings
Stable and growing asset base, reaching $3,108,192 in 2023
Generally positive net assets, indicating financial stability
Spending Breakdown
How Ginger Cove Foundation Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Ginger Cove Foundation Inc
Is Ginger Cove Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ginger Cove Foundation Inc (EIN: 113656031) appears trustworthy. Mission Score: 88/100. 2 red flags identified, 3 strengths noted.
Is Ginger Cove Foundation Inc a good charity to donate to?
Ginger Cove Foundation Inc has a Mission Score of 88/100. Revenue: $665K. Assets: $3.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Ginger Cove Foundation Inc?
The Employer Identification Number (EIN) for Ginger Cove Foundation Inc is 113656031. 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 Ginger Cove Foundation Inc spend its money?
Ginger Cove Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Ginger Cove Foundation Inc's tax-exempt status?
You can verify Ginger Cove Foundation Inc's tax-exempt status using EIN 113656031 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
Ginger Cove Foundation Inc demonstrates a generally stable financial position, with assets consistently over $2.5 million in recent years, reaching $3,108,192 in 2023. The organization's revenue has fluctuated, with a notable dip in 2021 to $181,328, but has since recovered to $467,554 in 2023. Expenses have generally been managed within revenue, except for a significant deficit in 2020 where expenses ($1,057,731) far exceeded revenue ($497,309). The consistent reporting of 0% officer compensation across all filings indicates a strong commitment to minimizing administrative overhead related to executive pay, enhancing its transparency and efficiency profile. The foundation's liabilities have shown an increasing trend in recent years, reaching $797,720 in 2023, which warrants monitoring.