Is Harry M Ford Jr And Josephine Mford Family Foundation Inc Legit?
Quick charity verification for Harry M Ford Jr And Josephine Mford Family Foundation Inc (EIN: 203972142)
Verdict: Harry M Ford Jr And Josephine Mford Family Foundation Inc appears trustworthy
75/100Mission Score
$209KRevenue
$484KAssets
2Red Flags
3Strengths
Red Flags
Consistent operational deficits where expenses exceed reported revenue (e.g., $92,123 expenses vs. $36,188 revenue in 202406).
Lack of detailed expense breakdown beyond total expenses, making it hard to fully analyze program efficiency.
Strengths
Zero officer compensation reported across all filings, indicating highly efficient executive overhead.
Consistently low to no liabilities reported, suggesting sound financial management regarding debt.
Maintains a substantial asset base (e.g., $447,137 in 202406) to support its grantmaking activities.
Spending Breakdown
How Harry M Ford Jr And Josephine Mford Family Foundation Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
15%
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 M Ford Jr And Josephine Mford Family Foundation Inc
Is Harry M Ford Jr And Josephine Mford Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Harry M Ford Jr And Josephine Mford Family Foundation Inc (EIN: 203972142) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Harry M Ford Jr And Josephine Mford Family Foundation Inc a good charity to donate to?
Harry M Ford Jr And Josephine Mford Family Foundation Inc has a Mission Score of 75/100. Revenue: $209K. Assets: $484K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Harry M Ford Jr And Josephine Mford Family Foundation Inc?
The Employer Identification Number (EIN) for Harry M Ford Jr And Josephine Mford Family Foundation Inc is 203972142. 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 M Ford Jr And Josephine Mford Family Foundation Inc spend its money?
Harry M Ford Jr And Josephine Mford Family Foundation Inc allocates 85% to programs, 15% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Harry M Ford Jr And Josephine Mford Family Foundation Inc's tax-exempt status?
You can verify Harry M Ford Jr And Josephine Mford Family Foundation Inc's tax-exempt status using EIN 203972142 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 M Ford Jr And Josephine Mford Family Foundation Inc appears to be a private foundation primarily focused on grantmaking, as indicated by its NTEE code T22 (Private Grantmaking Foundations). Its financial health shows a pattern of fluctuating revenue and expenses over the past decade. For instance, in the 202406 period, the organization reported revenue of $36,188 against expenses of $92,123, resulting in a significant deficit. This trend of expenses exceeding revenue is also visible in 202306 ($28,638 revenue vs. $99,963 expenses) and 202206 ($70,776 revenue vs. $80,047 expenses). While the foundation holds substantial assets, most recently $447,137 in 202406, the consistent operational deficits suggest it is drawing down on its principal or relying on investment returns not fully captured as 'revenue' in these summaries to cover its grantmaking and administrative costs.
Spending efficiency is difficult to fully assess without a detailed breakdown of program service expenses versus administrative and fundraising costs, which are not provided in this summary. However, the consistent reporting of $0 officer compensation across all available filings is a positive indicator of low administrative overhead related to executive salaries. The foundation consistently reports minimal to no liabilities, indicating sound financial management in terms of debt. Transparency is generally good given the availability of 990 filings, but a more granular breakdown of expenses would enhance understanding of its spending efficiency.
Overall, the foundation demonstrates a commitment to its mission through grantmaking, but its operational model appears to involve spending more than its annual reported revenue in several periods, which is typical for foundations distributing assets. The lack of officer compensation is a strong point for efficiency, but the overall financial sustainability depends on its investment performance and asset management strategies beyond the scope of this data.