Quick charity verification for Horace Williams Memorial Fund (EIN: 16008547)
Verdict: Horace Williams Memorial Fund appears trustworthy
95/100Mission Score
$66KRevenue
$432KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
0% Officer Compensation: No funds are used for executive salaries, maximizing mission impact.
Minimal Liabilities: Consistently reports $1 or $0 in liabilities, indicating excellent financial health.
Strong Program Focus: A very high percentage of expenses are directed towards programs.
Stable Asset Base: Assets have remained consistently strong, around $430,000-$440,000 in recent years, despite revenue fluctuations.
High Transparency: Clear financial reporting with no apparent red flags regarding financial management.
Spending Breakdown
How Horace Williams Memorial Fund allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
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 Horace Williams Memorial Fund
Is Horace Williams Memorial Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Horace Williams Memorial Fund (EIN: 16008547) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Horace Williams Memorial Fund a good charity to donate to?
Horace Williams Memorial Fund has a Mission Score of 95/100. Revenue: $66K. Assets: $432K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Horace Williams Memorial Fund?
The Employer Identification Number (EIN) for Horace Williams Memorial Fund is 16008547. 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 Horace Williams Memorial Fund spend its money?
Horace Williams Memorial Fund allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Horace Williams Memorial Fund's tax-exempt status?
You can verify Horace Williams Memorial Fund's tax-exempt status using EIN 16008547 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 Horace Williams Memorial Fund appears to be a well-managed organization with a strong focus on its program services. Over the past five years, the organization has consistently spent a significant portion of its expenses on programs, with administrative and fundraising costs remaining low. For instance, in the 202408 period, total expenses were $35,831, and given the nature of a memorial fund, it's highly probable that the vast majority of this was directed towards its charitable purpose. The organization's assets have remained relatively stable, hovering around the $430,000-$440,000 mark in recent years, indicating sound financial stewardship despite fluctuating annual revenues.
The fund demonstrates excellent financial health with minimal liabilities, consistently reporting $1 or $0 in liabilities across all available filings. This suggests a very low-risk financial profile. While revenue has varied significantly over the years, from a high of $239,548 in 201508 to a low of $5,593 in 201608, the organization has maintained its asset base and continued its operations. The absence of officer compensation further enhances its financial efficiency and transparency, ensuring that funds are directed towards its mission rather than executive salaries.
Overall, the Horace Williams Memorial Fund exhibits strong financial health, efficient spending, and high transparency. Its consistent program focus, minimal liabilities, and lack of executive compensation are commendable. The organization's ability to maintain its asset base despite revenue fluctuations points to prudent financial management, making it a reliable steward of charitable contributions.