Is Harry F Barnes And Carol H Barnes Ffamily Foundation Inc Legit?
Quick charity verification for Harry F Barnes And Carol H Barnes Ffamily Foundation Inc (EIN: 208718203)
Verdict: Harry F Barnes And Carol H Barnes Ffamily Foundation Inc appears trustworthy
90/100Mission Score
$806KRevenue
$6.0MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth (from $2.1M in 2011 to $5.76M in 2023)
Minimal liabilities ($1 reported across all filings)
0% reported officer compensation, indicating high efficiency and dedication
Expenses consistently lower than revenue, allowing for financial stability and growth
Long history of consistent IRS 990 filings (10 filings)
Spending Breakdown
How Harry F Barnes And Carol H Barnes Ffamily Foundation Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
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 Harry F Barnes And Carol H Barnes Ffamily Foundation Inc
Is Harry F Barnes And Carol H Barnes Ffamily Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Harry F Barnes And Carol H Barnes Ffamily Foundation Inc (EIN: 208718203) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Harry F Barnes And Carol H Barnes Ffamily Foundation Inc a good charity to donate to?
Harry F Barnes And Carol H Barnes Ffamily Foundation Inc has a Mission Score of 90/100. Revenue: $806K. Assets: $6.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Harry F Barnes And Carol H Barnes Ffamily Foundation Inc?
The Employer Identification Number (EIN) for Harry F Barnes And Carol H Barnes Ffamily Foundation Inc is 208718203. 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 Harry F Barnes And Carol H Barnes Ffamily Foundation Inc spend its money?
Harry F Barnes And Carol H Barnes Ffamily Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Harry F Barnes And Carol H Barnes Ffamily Foundation Inc's tax-exempt status?
You can verify Harry F Barnes And Carol H Barnes Ffamily Foundation Inc's tax-exempt status using EIN 208718203 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 Harry F Barnes And Carol H Barnes Family Foundation Inc demonstrates consistent financial health, with assets steadily growing from $2,117,787 in 2011 to $5,761,729 in 2023. The organization consistently maintains minimal liabilities, reported as $1 across all available filings, indicating a very strong balance sheet and low financial risk. Revenue has fluctuated but generally remained robust, with the latest reported revenue at $514,888 in 2023, down from a peak of $832,726 in 2019 but still substantial for a foundation of its size.
Spending efficiency appears high, as the organization consistently spends significantly less than its revenue, allowing for asset growth. For instance, in 2023, expenses were $334,294 against $514,888 in revenue. A key indicator of efficiency and transparency is the reported 0% officer compensation across all filings, suggesting that the foundation's leadership is either unpaid or compensated through other means not categorized as officer compensation, which is a strong positive for donor confidence. Without a detailed breakdown of program, administrative, and fundraising expenses, a precise efficiency ratio cannot be calculated, but the overall financial management appears prudent.
Transparency is generally good given the consistent filing of IRS Form 990s over a decade. The absence of officer compensation is a significant positive transparency signal. However, without specific expense breakdowns beyond total expenses, it's challenging to fully assess the allocation of funds to programs versus administrative or fundraising costs. The consistent growth in assets and minimal liabilities, coupled with regular filings, suggests a well-managed and financially stable entity.