Quick charity verification for Holmes Foundation (EIN: 202047135)
Verdict: Holmes Foundation shows mixed signals
40/100Mission Score
$0Revenue
$0Assets
2Red Flags
1Strengths
Red Flags
Zero revenue and assets in the latest filing, suggesting inactivity.
Consistently low assets across all periods, indicating limited financial stability or capacity.
Strengths
No officer compensation reported, indicating a volunteer-driven model and efficient use of limited funds for personnel.
Spending Breakdown
How Holmes Foundation allocates its funds across programs, administration, and fundraising.
100%
Program Spending
Healthy — majority goes to mission
0%
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 Holmes Foundation
Is Holmes Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Holmes Foundation (EIN: 202047135) shows mixed signals. Mission Score: 40/100. 2 red flags identified, 1 strength noted.
Is Holmes Foundation a good charity to donate to?
Holmes Foundation has a Mission Score of 40/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Holmes Foundation?
The Employer Identification Number (EIN) for Holmes Foundation is 202047135. 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 Holmes Foundation spend its money?
Holmes Foundation allocates 100% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Holmes Foundation's tax-exempt status?
You can verify Holmes Foundation's tax-exempt status using EIN 202047135 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 Holmes Foundation appears to be a very small organization, with its latest filing showing $0 in revenue and assets, suggesting it may be inactive or in the process of winding down. In previous years, its financial activity was minimal, with revenues ranging from $5,000 to $14,500. The organization consistently reported very low assets and liabilities, indicating a lack of significant financial infrastructure or reserves. Given the absence of detailed expense breakdowns in the provided data, it's challenging to assess spending efficiency beyond the overall revenue-to-expense ratio, which shows it generally spent close to or slightly more than its revenue in most periods. The lack of officer compensation reported across all filings suggests a volunteer-driven model, which can be a positive for efficiency, but the overall financial scale is extremely limited.