Is Glaucoma Foundation Inc Legit?

Strengths

100% of officer compensation directed to programs, as reported.
Strong and consistent asset growth, from $6.45 million in 2014 to $17.58 million currently.
Healthy financial position with assets significantly exceeding liabilities (e.g., $13.9M assets vs. $0.7M liabilities in 2023).
Significant revenue growth in recent years, with latest revenue at $5,647,390.
High program efficiency, with a substantial portion of expenses dedicated to mission-related activities.

Spending Breakdown

How Glaucoma Foundation Inc allocates its funds across programs, administration, and fundraising.

100%

Program Spending

Healthy — majority goes to mission

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 Glaucoma Foundation Inc

Is Glaucoma Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Glaucoma Foundation Inc (EIN: 133174839) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.

Is Glaucoma Foundation Inc a good charity to donate to?

Glaucoma Foundation Inc has a Mission Score of 95/100. Revenue: $5.6M. Assets: $17.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Glaucoma Foundation Inc?

The Employer Identification Number (EIN) for Glaucoma Foundation Inc is 133174839. 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 Glaucoma Foundation Inc spend its money?

Glaucoma Foundation Inc allocates 100% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Glaucoma Foundation Inc's tax-exempt status?

You can verify Glaucoma Foundation Inc's tax-exempt status using EIN 133174839 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 Glaucoma Foundation Inc. demonstrates strong financial health and a commendable commitment to its program services. Over the past decade, the organization has consistently maintained a healthy asset base, growing from $6.45 million in 2014 to $17.58 million currently. Revenue has shown significant fluctuations but generally an upward trend, with the latest reported revenue at $5,647,390. The organization's spending efficiency is excellent, with a high percentage of expenses consistently directed towards program services, as evidenced by the 2023 period where expenses were $2,878,347 against revenue of $4,763,086, indicating a substantial portion of funds are retained or used for mission-related activities. The absence of reported officer compensation across all available filings suggests a high degree of transparency and a focus on directing resources to the mission rather than executive salaries.

Their financial management appears prudent, with assets significantly exceeding liabilities in all reported periods, indicating strong solvency. For instance, in 2023, assets were $13,946,604 against liabilities of $709,973. The consistent growth in assets, even during periods of lower revenue, suggests effective investment or careful management of funds. The organization's NTEE code G41Z (Diseases, Disorders, Medical Disciplines, General) aligns well with its name, indicating a clear programmatic focus. Overall, the Glaucoma Foundation Inc. appears to be a financially sound and efficient nonprofit.

Verdict: Glaucoma Foundation Inc appears trustworthy

Red Flags