Quick charity verification for Higher Quest Foundation Inc (EIN: 203406697)
Verdict: Higher Quest Foundation Inc appears trustworthy
70/100Mission Score
$300KRevenue
$432KAssets
3Red Flags
3Strengths
Red Flags
Extremely low expense ratio in 202112, making program efficiency difficult to assess.
Inconsistent revenue generation over multiple periods, including negative revenue in 201912.
Lack of reported officer compensation across all filings, potentially obscuring leadership costs.
Strengths
Strong asset growth from $133,847 to $432,445 in the latest period.
Zero reported liabilities across all filings, indicating a healthy balance sheet.
Significant revenue increase in the latest filing ($300,000), suggesting increased donor support or funding.
Spending Breakdown
How Higher Quest Foundation Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
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 Higher Quest Foundation Inc
Is Higher Quest Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Higher Quest Foundation Inc (EIN: 203406697) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
Is Higher Quest Foundation Inc a good charity to donate to?
Higher Quest Foundation Inc has a Mission Score of 70/100. Revenue: $300K. Assets: $432K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Higher Quest Foundation Inc?
The Employer Identification Number (EIN) for Higher Quest Foundation Inc is 203406697. 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 Higher Quest Foundation Inc spend its money?
Higher Quest Foundation Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Higher Quest Foundation Inc's tax-exempt status?
You can verify Higher Quest Foundation Inc's tax-exempt status using EIN 203406697 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
Higher Quest Foundation Inc. demonstrates a highly unusual financial profile, with its latest filing (202112) showing $300,000 in revenue but only $1,402 in reported expenses. This suggests either a significant accumulation of funds for future programs or a substantial portion of expenses being categorized in a way not immediately apparent as program-related. The organization has shown inconsistent revenue generation over the years, including a negative revenue period in 201912. Its assets have grown significantly from $133,847 in 202012 to $432,445 in 202112, while liabilities remain at $0, indicating a strong balance sheet. The lack of reported officer compensation across all filings suggests either a volunteer-run organization or compensation being reported under other expense categories, which could impact transparency regarding leadership costs. The extremely low expense ratio in 202112 makes it difficult to assess spending efficiency accurately for that period, as nearly all revenue appears to be retained.