Quick charity verification for Ice Charitable Foundation (EIN: 202044398)
Verdict: Ice Charitable Foundation appears trustworthy
85/100Mission Score
$333KRevenue
$624KAssets
1Red Flags
4Strengths
Red Flags
Significant historical deficits (e.g., 2011-2015, expenses exceeded revenue by over $500,000 in some years) indicate past financial instability.
Strengths
Consistent revenue surplus over expenses in recent years (e.g., 2023 revenue $306,917 vs. expenses $48,462).
Strong asset growth from $20,324 in 2020 to $537,469 in 2023.
0% officer compensation reported across all filings, indicating high efficiency in executive spending.
Low liabilities ($1 in recent years) suggesting minimal debt burden.
Spending Breakdown
How Ice Charitable Foundation 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 Ice Charitable Foundation
Is Ice Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Ice Charitable Foundation (EIN: 202044398) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Ice Charitable Foundation a good charity to donate to?
Ice Charitable Foundation has a Mission Score of 85/100. Revenue: $333K. Assets: $624K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Ice Charitable Foundation?
The Employer Identification Number (EIN) for Ice Charitable Foundation is 202044398. 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 Ice Charitable Foundation spend its money?
Ice Charitable Foundation allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Ice Charitable Foundation's tax-exempt status?
You can verify Ice Charitable Foundation's tax-exempt status using EIN 202044398 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 Ice Charitable Foundation demonstrates a strong financial position with growing assets and a consistent surplus of revenue over expenses in recent years. For example, in 2023, revenue was $306,917 against expenses of $48,462, leading to significant asset growth. The organization's assets have steadily increased from $20,324 in 2020 to $537,469 in 2023, indicating effective financial management and accumulation of resources. However, the historical data shows periods of substantial deficits, particularly between 2011 and 2015, where expenses frequently exceeded revenue by large margins (e.g., 2011 expenses of $1,622,636 against revenue of $1,110,264). This suggests a past volatility in financial operations that has since stabilized. The consistent reporting of 0% officer compensation across all available filings indicates a commitment to directing funds towards the mission rather than executive salaries, which is a positive sign for transparency and efficiency.