Is Janet H And C Harry Knowles Foundation Inc Legit?
Quick charity verification for Janet H And C Harry Knowles Foundation Inc (EIN: 10485964)
Verdict: Janet H And C Harry Knowles Foundation Inc appears trustworthy
90/100Mission Score
$29.4MRevenue
$81.6MAssets
2Red Flags
4Strengths
Red Flags
Consistent annual expenses exceeding annual revenue, indicating reliance on asset drawdowns which may not be sustainable indefinitely without significant investment returns or new large contributions.
Significant fluctuations in annual revenue, making financial planning potentially challenging without a robust endowment strategy.
Strengths
Strong asset base ($83,476,702 in 202305) providing financial stability and long-term capacity.
Consistent reporting of 0% officer compensation, indicating excellent transparency and a focus on mission over executive pay.
High mission score reflecting strong program focus and efficiency.
Spending Breakdown
How Janet H And C Harry Knowles Foundation Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Janet H And C Harry Knowles Foundation Inc
Is Janet H And C Harry Knowles Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Janet H And C Harry Knowles Foundation Inc (EIN: 10485964) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
Is Janet H And C Harry Knowles Foundation Inc a good charity to donate to?
Janet H And C Harry Knowles Foundation Inc has a Mission Score of 90/100. Revenue: $29.4M. Assets: $81.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Janet H And C Harry Knowles Foundation Inc?
The Employer Identification Number (EIN) for Janet H And C Harry Knowles Foundation Inc is 10485964. 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 Janet H And C Harry Knowles Foundation Inc spend its money?
Janet H And C Harry Knowles Foundation Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Janet H And C Harry Knowles Foundation Inc's tax-exempt status?
You can verify Janet H And C Harry Knowles Foundation Inc's tax-exempt status using EIN 10485964 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 Janet H And C Harry Knowles Foundation Inc demonstrates a consistent commitment to its program services, as evidenced by its spending patterns. For the latest reported period (202305), the organization incurred $7,611,742 in expenses against $2,401,132 in revenue, indicating a reliance on its substantial asset base of $83,476,702 to fund its operations. While the foundation's revenue has fluctuated significantly over the years, including a peak of $41,056,382 in 202105, its expenses have remained relatively stable, typically ranging between $5.5 million and $7.6 million annually. This suggests a predictable operational cost structure.
The foundation's financial health appears robust due to its significant assets, which far exceed its liabilities (e.g., $83,476,702 in assets vs. $10,774,534 in liabilities for 202305). The consistent reporting of 0% officer compensation across all available filings indicates strong financial transparency regarding executive pay, suggesting that the foundation operates without high executive salaries. The NTEE code P99, which typically denotes 'Other Education,' aligns with the foundation's likely focus on educational programs, further reinforcing its mission-centric approach.