Quick charity verification for James I Perkins Family Foundation (EIN: 20762991)
Verdict: James I Perkins Family Foundation appears trustworthy
92/100Mission Score
$4.4MRevenue
$37.9MAssets
1Red Flags
5Strengths
Red Flags
No specific red flags identified based on the provided financial data.
Strengths
Consistent asset growth (from $5.5M in 2011 to $37.9M currently)
Extremely low liabilities (consistently $1 in recent years)
0% reported officer compensation across all filings
Strong financial health with revenues consistently exceeding expenses
Clear focus on grantmaking as a private foundation (NTEE T20)
Spending Breakdown
How James I Perkins Family Foundation allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
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 James I Perkins Family Foundation
Is James I Perkins Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, James I Perkins Family Foundation (EIN: 20762991) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is James I Perkins Family Foundation a good charity to donate to?
James I Perkins Family Foundation has a Mission Score of 92/100. Revenue: $4.4M. Assets: $37.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for James I Perkins Family Foundation?
The Employer Identification Number (EIN) for James I Perkins Family Foundation is 20762991. 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 James I Perkins Family Foundation spend its money?
James I Perkins Family Foundation allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify James I Perkins Family Foundation's tax-exempt status?
You can verify James I Perkins Family Foundation's tax-exempt status using EIN 20762991 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 James I Perkins Family Foundation demonstrates strong financial health, consistently growing its assets from $5.5 million in 2011 to over $37.9 million currently. The foundation maintains a very low liability profile, consistently reporting only $1 in liabilities across most recent filings, indicating excellent fiscal management and minimal debt. Spending efficiency appears robust, with expenses generally representing a small fraction of revenue, suggesting a focus on endowment growth and strategic grantmaking rather than high operational overhead. For instance, in 2023, expenses were $1,688,079 against revenues of $2,801,331.
The organization's transparency is bolstered by its consistent filing of IRS Form 990s, providing public access to its financial activities. The absence of reported officer compensation further enhances its transparency and suggests that the foundation operates with a volunteer or very low-cost leadership structure, aligning well with philanthropic best practices. The foundation's NTEE code T20 (Private Grantmaking Foundations) indicates its primary function is to provide grants, which is a direct programmatic activity. The consistent growth in assets and low liabilities suggest a well-managed and sustainable financial model.