Quick charity verification for Harris Glover Foundation Inc (EIN: 208114447)
Verdict: Harris Glover Foundation Inc appears trustworthy
75/100Mission Score
$204KRevenue
$1.6MAssets
2Red Flags
4Strengths
Red Flags
Significant year-to-year volatility in revenue and expenses, making financial planning and consistent program delivery potentially challenging.
Expenses exceeded revenue in the latest filing (202312), with $149,206 in expenses against $128,822 in revenue, indicating a deficit for that period.
Strengths
Strong asset base ($1,621,029 in 202312) providing financial stability and reserves.
Consistently low liabilities ($1 across most filings) indicating strong financial solvency.
Zero reported officer compensation, suggesting efficient use of funds and dedication to mission.
Long filing history (10 filings) indicating sustained operation over more than a decade.
Spending Breakdown
How Harris Glover Foundation Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Harris Glover Foundation Inc
Is Harris Glover Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Harris Glover Foundation Inc (EIN: 208114447) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Harris Glover Foundation Inc a good charity to donate to?
Harris Glover Foundation Inc has a Mission Score of 75/100. Revenue: $204K. Assets: $1.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Harris Glover Foundation Inc?
The Employer Identification Number (EIN) for Harris Glover Foundation Inc is 208114447. 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 Harris Glover Foundation Inc spend its money?
Harris Glover Foundation Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Harris Glover Foundation Inc's tax-exempt status?
You can verify Harris Glover Foundation Inc's tax-exempt status using EIN 208114447 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 Harris Glover Foundation Inc. demonstrates a generally healthy financial position with substantial assets relative to its annual revenue. As of the latest filing (202312), the organization holds $1,621,029 in assets against $128,822 in revenue, indicating a strong reserve. However, the foundation's financial activity shows significant year-to-year volatility in both revenue and expenses. For instance, revenue surged to $1,066,450 in 202212, while expenses were only $19,355, contrasting sharply with 202312 where expenses ($149,206) exceeded revenue ($128,822). This inconsistency makes it challenging to assess long-term operational efficiency without more detailed program spending breakdowns. The consistent reporting of $0 officer compensation across all filings suggests a volunteer-led or minimally compensated leadership structure, which can be a positive indicator of resource allocation towards mission, but also raises questions about the scale of operations given the asset base. The organization's liabilities are consistently reported as minimal ($1), indicating strong financial solvency.