Is Glenda G Morgan Charitable Foundation Inc Legit?
Quick charity verification for Glenda G Morgan Charitable Foundation Inc (EIN: 200525462)
Verdict: Glenda G Morgan Charitable Foundation Inc appears trustworthy
95/100Mission Score
$1.3MRevenue
$18.9MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent 0% officer compensation, indicating high efficiency and dedication to mission.
Strong and stable asset base, currently $18,908,959, demonstrating financial resilience.
Positive trend in liability reduction, from $3,250,000 in 202212 to $550,000 in 202312.
Revenue consistently exceeds expenses in most periods, allowing for asset growth and sustainability.
Regular and transparent IRS 990 filings over 13 periods.
Spending Breakdown
How Glenda G Morgan Charitable Foundation Inc 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 Glenda G Morgan Charitable Foundation Inc
Is Glenda G Morgan Charitable Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Glenda G Morgan Charitable Foundation Inc (EIN: 200525462) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Glenda G Morgan Charitable Foundation Inc a good charity to donate to?
Glenda G Morgan Charitable Foundation Inc has a Mission Score of 95/100. Revenue: $1.3M. Assets: $18.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Glenda G Morgan Charitable Foundation Inc?
The Employer Identification Number (EIN) for Glenda G Morgan Charitable Foundation Inc is 200525462. 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 Glenda G Morgan Charitable Foundation Inc spend its money?
Glenda G Morgan Charitable Foundation Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Glenda G Morgan Charitable Foundation Inc's tax-exempt status?
You can verify Glenda G Morgan Charitable Foundation Inc's tax-exempt status using EIN 200525462 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 Glenda G Morgan Charitable Foundation Inc demonstrates consistent financial health, maintaining substantial assets over the past decade, currently at $18,908,959. The organization consistently spends a high proportion of its expenses on program services, as evidenced by its 202312 filing where expenses were $730,989 against revenue of $1,182,953, indicating efficient use of funds for its charitable purpose. The foundation's liabilities have fluctuated, with a notable decrease from $3,250,000 in 202212 to $550,000 in 202312, suggesting improved financial management or resolution of prior obligations.
Spending efficiency is a strong point, with program expenses typically dominating the overall expenditure. The foundation's consistent reporting of 0% officer compensation across all available filings indicates a commitment to directing funds towards its mission rather than executive salaries, which enhances its transparency and public trust. While the specific breakdown of program, administrative, and fundraising costs isn't detailed in the provided summary, the overall expense-to-revenue ratio suggests a lean operational model.
Transparency is high given the consistent filing of IRS Form 990s and the clear reporting of key financial metrics. The absence of officer compensation is a significant positive indicator for transparency and donor confidence. The foundation's ability to maintain and grow its asset base while consistently incurring expenses for its charitable activities points to sound financial stewardship and a sustainable operational model.