Is Hattie A & Fred C Lynam Trust 64 Legit?…

Quick charity verification for Hattie A & Fred C Lynam Trust 64 (EIN: 10222218)

Strengths

Consistent 0% officer compensation, indicating extremely low administrative overhead.
Stable and growing asset base, demonstrating strong financial health (e.g., $4,491,803 in 2019 to $4,792,572 in 2023).
Minimal liabilities ($0-$1 across all filings), showing no reliance on debt.
Consistent distribution of funds as a private grantmaking foundation (NTEE T22).
Positive revenue trends in some years, contributing to asset growth (e.g., $518,134 in 2021).

Spending Breakdown

How Hattie A & Fred C Lynam Trust 64 allocates its funds across programs, administration, and fundraising.

95%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

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 Hattie A & Fred C Lynam Trust 64

Is Hattie A & Fred C Lynam Trust 64 a legitimate charity?

Based on AI analysis of IRS 990 filings, Hattie A & Fred C Lynam Trust 64 (EIN: 10222218) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.

Is Hattie A & Fred C Lynam Trust 64 a good charity to donate to?

Hattie A & Fred C Lynam Trust 64 has a Mission Score of 95/100. Revenue: $1.5M. Assets: $5.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Hattie A & Fred C Lynam Trust 64?

The Employer Identification Number (EIN) for Hattie A & Fred C Lynam Trust 64 is 10222218. 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 Hattie A & Fred C Lynam Trust 64 spend its money?

Hattie A & Fred C Lynam Trust 64 allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Hattie A & Fred C Lynam Trust 64's tax-exempt status?

You can verify Hattie A & Fred C Lynam Trust 64's tax-exempt status using EIN 10222218 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 Hattie A & Fred C Lynam Trust 64 appears to be a well-managed private foundation, consistently distributing funds without significant operational overhead. Over the past five years (2019-2023), its average annual expenses were approximately $320,962, while average annual revenue was around $398,301. The trust maintains a healthy asset base, growing from $4,491,803 in 2019 to $4,792,572 in 2023, indicating sound financial stewardship. Its liabilities have consistently been minimal ($0-$1), suggesting strong financial stability and no reliance on debt.

The organization demonstrates excellent spending efficiency, as evidenced by its consistent 0% officer compensation across all reported periods. This suggests that the trust's administrative functions are either handled by volunteers, other entities, or are minimal, allowing a very high proportion of its expenses to go directly towards its programmatic goals (grants and distributions). The NTEE code T22 (Private Grantmaking Foundations) further supports this model, where the primary 'program' is making grants.

Transparency is high given the consistent filing of IRS Form 990, which provides public access to its financial activities. The absence of officer compensation simplifies the financial structure and reduces potential conflicts of interest, enhancing public trust. Overall, the trust exhibits strong financial health, exceptional spending efficiency, and good transparency for a private grantmaking foundation.

Is Hattie A & Fred C Lynam Trust 64 Legit?

Verdict: Hattie A & Fred C Lynam Trust 64 appears trustworthy

Red Flags