Quick charity verification for John L Mccormick Memorial Tr (EIN: 206285678)
Verdict: John L Mccormick Memorial Tr appears trustworthy
85/100Mission Score
$1.7MRevenue
$2.5MAssets
2Red Flags
3Strengths
Red Flags
Consistent annual expenses exceeding revenue, leading to asset depletion (e.g., 2023: $73,975 revenue vs. $200,918 expenses).
Significant decline in total assets over the past decade, from $3.32 million in 2011 to $2.51 million in 2023.
Strengths
Zero officer compensation reported across all filings, indicating high efficiency in executive pay.
Very low liabilities reported ($0 or $1 across all filings), suggesting strong financial management regarding debt.
Clear focus on program spending, as indicated by the NTEE code and the absence of fundraising expenses.
Spending Breakdown
How John L Mccormick Memorial Tr allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
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 John L Mccormick Memorial Tr
Is John L Mccormick Memorial Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, John L Mccormick Memorial Tr (EIN: 206285678) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is John L Mccormick Memorial Tr a good charity to donate to?
John L Mccormick Memorial Tr has a Mission Score of 85/100. Revenue: $1.7M. Assets: $2.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for John L Mccormick Memorial Tr?
The Employer Identification Number (EIN) for John L Mccormick Memorial Tr is 206285678. 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 John L Mccormick Memorial Tr spend its money?
John L Mccormick Memorial Tr allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify John L Mccormick Memorial Tr's tax-exempt status?
You can verify John L Mccormick Memorial Tr's tax-exempt status using EIN 206285678 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 John L Mccormick Memorial Tr appears to be a grant-making organization, as indicated by its NTEE code T30 (Foundations, Grantmaking & Giving Services) and consistent pattern of expenses often exceeding revenue, suggesting it distributes funds from its asset base. The organization consistently reports zero officer compensation across all available filings, which is a strong indicator of financial transparency and a commitment to directing resources towards its mission rather than administrative overhead related to executive pay. However, the organization has experienced a significant decline in assets over the past decade, from $3,320,867 in 2011 to $2,510,639 in 2023, while also frequently spending more than it takes in annually. For example, in 2023, revenue was $73,975 against expenses of $200,918. This trend raises questions about the long-term sustainability of its grant-making activities if it continues to draw down its principal assets without sufficient revenue generation.