Quick charity verification for Iona Mcgregor Retiree Ins Tr Fund (EIN: 146325156)
Verdict: Iona Mcgregor Retiree Ins Tr Fund appears trustworthy
95/100Mission Score
$1.0MRevenue
$17.8MAssets
2Red Flags
5Strengths
Red Flags
Lack of detailed expense breakdown beyond total expenses in provided data
Unusually low liabilities relative to assets in recent years, potentially indicating a shift in financial structure or reporting
Strengths
Consistent asset growth, from $5.7M in 2014 to $13.6M in 2023
Zero reported officer compensation across all filings, indicating high efficiency
Expenses consistently much lower than revenue, demonstrating strong financial management
Long history of IRS 990 filings, showing commitment to transparency
Strong financial stability with significant asset base relative to annual expenses
Spending Breakdown
How Iona Mcgregor Retiree Ins Tr Fund 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 Iona Mcgregor Retiree Ins Tr Fund
Is Iona Mcgregor Retiree Ins Tr Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Iona Mcgregor Retiree Ins Tr Fund (EIN: 146325156) appears trustworthy. Mission Score: 95/100. 2 red flags identified, 5 strengths noted.
Is Iona Mcgregor Retiree Ins Tr Fund a good charity to donate to?
Iona Mcgregor Retiree Ins Tr Fund has a Mission Score of 95/100. Revenue: $1.0M. Assets: $17.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Iona Mcgregor Retiree Ins Tr Fund?
The Employer Identification Number (EIN) for Iona Mcgregor Retiree Ins Tr Fund is 146325156. 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 Iona Mcgregor Retiree Ins Tr Fund spend its money?
Iona Mcgregor Retiree Ins Tr Fund allocates 100% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Iona Mcgregor Retiree Ins Tr Fund's tax-exempt status?
You can verify Iona Mcgregor Retiree Ins Tr Fund's tax-exempt status using EIN 146325156 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 Iona Mcgregor Retiree Ins Tr Fund demonstrates consistent financial growth and strong asset accumulation over the past decade. With assets growing from $5.7 million in 2014 to over $13.6 million in 2023, the organization appears financially stable. Revenue has also steadily increased, reaching $827,729 in the latest filing period, while expenses have remained significantly lower, indicating efficient management of funds relative to income. The fund's primary purpose, as indicated by its NTEE code (Y43 - Employee/Retiree Organizations), suggests its financial activities are focused on managing benefits for retirees.
The organization exhibits excellent spending efficiency, with expenses consistently being a fraction of its revenue. For instance, in 2023, expenses were $541,371 against revenues of $827,729, suggesting a substantial portion of income is retained or invested for its beneficiaries. The absence of reported officer compensation across all available filings points to a highly cost-effective operational model, likely relying on volunteer efforts or external, non-officer-compensated services. This structure contributes significantly to its financial health and ability to grow its asset base.
Transparency is high, particularly concerning executive compensation, as no officer compensation has been reported in any of the available filings. This indicates that the fund's leadership is not drawing salaries from the organization, which is a strong positive for donor confidence and aligns with a focus on beneficiary services. The consistent filing of IRS Form 990s over many years further demonstrates a commitment to public accountability and financial disclosure.