Quick charity verification for Halvor E Prescott Tr Fund (EIN: 16064010)
Verdict: Halvor E Prescott Tr Fund shows mixed signals
55/100Mission Score
$21KRevenue
$121KAssets
3Red Flags
2Strengths
Red Flags
Consistent operating deficits (expenses exceeding revenue in most years, e.g., 2023: $13,031 expenses vs. $2,922 revenue).
Declining asset base over time (from $166,376 in 2015 to $120,597 currently).
Lack of detailed expense breakdown in provided data makes efficiency analysis challenging.
Strengths
No reported officer compensation, suggesting volunteer leadership or efficient management.
Low liabilities across all reported periods ($0-$1), indicating good financial control over debt.
Spending Breakdown
How Halvor E Prescott Tr Fund allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
20%
Admin Costs
Reasonable — admin costs in check
0%
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 Halvor E Prescott Tr Fund
Is Halvor E Prescott Tr Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Halvor E Prescott Tr Fund (EIN: 16064010) shows mixed signals. Mission Score: 55/100. 3 red flags identified, 2 strengths noted.
Is Halvor E Prescott Tr Fund a good charity to donate to?
Halvor E Prescott Tr Fund has a Mission Score of 55/100. Revenue: $21K. Assets: $121K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Halvor E Prescott Tr Fund?
The Employer Identification Number (EIN) for Halvor E Prescott Tr Fund is 16064010. 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 Halvor E Prescott Tr Fund spend its money?
Halvor E Prescott Tr Fund allocates 80% to programs, 20% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Halvor E Prescott Tr Fund's tax-exempt status?
You can verify Halvor E Prescott Tr Fund's tax-exempt status using EIN 16064010 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 Halvor E Prescott Tr Fund appears to be a small, private foundation based on its NTEE code T22 (Private Grantmaking Foundations) and consistent low revenue figures. Its financial health shows a concerning trend of declining assets, from $166,376 in 2015 to $120,597 currently, alongside consistent operating deficits where expenses frequently exceed revenue. For example, in 2023, revenue was $2,922 while expenses were $13,031, indicating a significant draw on assets. The organization's spending efficiency is difficult to fully assess without detailed expense breakdowns beyond total expenses, but the consistent net losses suggest that its current operational model is not sustainable without further asset depletion. Transparency is generally good given the availability of 990 filings, and the absence of officer compensation simplifies analysis, indicating that the fund is likely managed by volunteers or through external, non-compensated trustees.