Quick charity verification for Grand Igloo Foundation Inc (EIN: 20726210)
Verdict: Grand Igloo Foundation Inc appears trustworthy
85/100Mission Score
$195KRevenue
$905KAssets
2Red Flags
5Strengths
Red Flags
Highly volatile revenue stream, making long-term planning challenging.
Lack of detailed expense breakdown (program, admin, fundraising) in provided data, hindering full efficiency assessment.
Strengths
Strong asset growth over time, from $30,664 in 2014 to $905,446 currently.
Consistently reports zero liabilities, indicating excellent financial stability and no debt.
Zero officer compensation reported, suggesting a highly efficient or volunteer-driven leadership structure.
Consistent IRS 990 filing history, demonstrating commitment to transparency and compliance.
Positive net assets and strong financial reserves.
Spending Breakdown
How Grand Igloo 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 Grand Igloo Foundation Inc
Is Grand Igloo Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Grand Igloo Foundation Inc (EIN: 20726210) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
Is Grand Igloo Foundation Inc a good charity to donate to?
Grand Igloo Foundation Inc has a Mission Score of 85/100. Revenue: $195K. Assets: $905K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Grand Igloo Foundation Inc?
The Employer Identification Number (EIN) for Grand Igloo Foundation Inc is 20726210. 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 Grand Igloo Foundation Inc spend its money?
Grand Igloo Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Grand Igloo Foundation Inc's tax-exempt status?
You can verify Grand Igloo Foundation Inc's tax-exempt status using EIN 20726210 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 Grand Igloo Foundation Inc. demonstrates a fluctuating financial history, with recent revenue of $194,641 and assets of $905,446. The organization has consistently reported zero liabilities across all available filings, indicating a strong balance sheet and responsible financial management in avoiding debt. However, the revenue and expense figures show significant year-to-year variability, with revenue peaking at $447,819 in 2022 and dropping to $49,620 in 2024. This volatility could impact long-term program planning and sustainability if not managed effectively.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the organization consistently reports 0% officer compensation, which is a positive indicator of efficient use of funds and a commitment to directing resources towards its mission rather than executive salaries. The substantial growth in assets from $30,664 in 2014 to $905,446 currently suggests effective asset accumulation and investment over time.
Transparency appears to be high regarding executive compensation, as zero officer compensation is reported. The consistent filing of IRS Form 990s over nine periods also indicates a commitment to regulatory compliance and public disclosure. The lack of liabilities further enhances its financial transparency and stability. However, a more detailed breakdown of expenses beyond total expenses would provide greater insight into how funds are allocated across programs, administration, and fundraising.