Quick charity verification for Incharge Education Foundation Inc (EIN: 200152720)
Verdict: Incharge Education Foundation Inc appears trustworthy
85/100Mission Score
$6.9MRevenue
$8.1MAssets
1Red Flags
4Strengths
Red Flags
0% reported officer compensation for an organization of this size, which may obscure actual executive costs if compensated through other means.
Strengths
Strong and consistent revenue growth, particularly from 2019 to 2023.
Consistent generation of surpluses, leading to healthy asset accumulation.
Significant growth in assets, from $4.4 million in 2014 to over $8 million in 2023, indicating financial stability.
Expenses generally well-controlled relative to revenue, demonstrating efficient financial management.
Spending Breakdown
How Incharge Education Foundation Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Incharge Education Foundation Inc
Is Incharge Education Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Incharge Education Foundation Inc (EIN: 200152720) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Incharge Education Foundation Inc a good charity to donate to?
Incharge Education Foundation Inc has a Mission Score of 85/100. Revenue: $6.9M. Assets: $8.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Incharge Education Foundation Inc?
The Employer Identification Number (EIN) for Incharge Education Foundation Inc is 200152720. 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 Incharge Education Foundation Inc spend its money?
Incharge Education Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Incharge Education Foundation Inc's tax-exempt status?
You can verify Incharge Education Foundation Inc's tax-exempt status using EIN 200152720 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
Incharge Education Foundation Inc demonstrates a generally healthy financial position, with consistent revenue growth over the past several years, particularly a significant jump from $1.48 million in 2019 to $4.1 million in 2020, and further to $7.4 million in 2023. The organization has maintained positive net assets, growing from $4.4 million in 2014 to over $8 million in 2023, indicating sound financial management and accumulation of resources. Expenses have also increased in line with revenue, suggesting an expansion of programmatic activities.
The organization's spending efficiency appears strong, with expenses consistently lower than revenue in recent years, leading to surpluses that contribute to asset growth. For instance, in 2023, expenses were $6.01 million against $7.4 million in revenue. A notable aspect of their financial management is the reported 0% officer compensation across all available filings, which suggests either a volunteer-led executive team or compensation being reported under other expense categories, warranting further investigation for complete transparency. However, the lack of direct officer compensation is a positive indicator of resource allocation towards the mission.
Transparency is generally good through their consistent IRS 990 filings. The absence of reported officer compensation is a key data point for transparency, as it can be interpreted as either highly efficient use of funds or an area where more detailed disclosure might be beneficial if executive functions are compensated through other means. The consistent growth in assets and revenue, coupled with controlled expenses, paints a picture of a well-managed and financially stable nonprofit.