Quick charity verification for Governors Early Literacy Foundation (EIN: 201115704)
Verdict: Governors Early Literacy Foundation appears trustworthy
95/100Mission Score
$31.7MRevenue
$19.8MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent and significant revenue growth, from $6.4M in 2014 to $24.9M in 2023.
Strong asset growth, increasing from $6.6M in 2014 to $21.1M in 2023.
0% reported officer compensation across all 13 filings, indicating high efficiency and mission focus.
Positive net income in most years, demonstrating sound financial management.
Consistent IRS 990 filing history over 13 periods, indicating good governance and transparency.
Spending Breakdown
How Governors Early Literacy Foundation 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 Governors Early Literacy Foundation
Is Governors Early Literacy Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Governors Early Literacy Foundation (EIN: 201115704) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Governors Early Literacy Foundation a good charity to donate to?
Governors Early Literacy Foundation has a Mission Score of 95/100. Revenue: $31.7M. Assets: $19.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Governors Early Literacy Foundation?
The Employer Identification Number (EIN) for Governors Early Literacy Foundation is 201115704. 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 Governors Early Literacy Foundation spend its money?
Governors Early Literacy Foundation allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Governors Early Literacy Foundation's tax-exempt status?
You can verify Governors Early Literacy Foundation's tax-exempt status using EIN 201115704 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
Governors Early Literacy Foundation demonstrates strong financial health and a clear commitment to its mission, as evidenced by its consistent growth in revenue and assets over the past decade. In the latest filing period (202306), the organization reported revenue of $24,930,131 against expenses of $23,200,310, indicating a healthy operating surplus. Its assets have grown significantly from $6,693,201 in 2014 to $21,187,455 in 2023, showcasing robust financial management and capacity building. The organization's NTEE code B92 (Literacy Programs) aligns well with its name, suggesting a focused programmatic approach.
The foundation's spending efficiency appears high, particularly given the reported 0% officer compensation across all available filings. This suggests that a very high proportion of funds are directed towards program services and operational costs rather than executive salaries. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the absence of officer compensation is a strong indicator of efficient resource allocation. The consistent growth in revenue and assets, coupled with a positive net income in most years, points to a well-managed and sustainable financial model.
Transparency is excellent regarding executive compensation, with 0% reported for officers. Further transparency could be enhanced by providing detailed breakdowns of program, administrative, and fundraising expenses. However, the overall trend of increasing financial capacity and the lack of executive compensation suggest a highly accountable and mission-driven organization. The consistent filing history over 13 periods also indicates good governance and adherence to regulatory requirements.