Quick charity verification for K P & Phoebe Tsolainos Foundation Inc (EIN: 136077055)
Verdict: K P & Phoebe Tsolainos Foundation Inc shows mixed signals
55/100Mission Score
$99KRevenue
$101KAssets
3Red Flags
2Strengths
Red Flags
Consistent operating deficits: Expenses frequently exceed revenue, as seen in 202312 ($90,497 expenses vs. $51,395 revenue) and 202012 ($68,717 expenses vs. $44,539 revenue).
Significant asset depletion: Assets have declined by over 68% from $289,899 in 201112 to $91,985 in 202312.
Lack of detailed expense breakdown: The provided summary does not allow for a clear assessment of program efficiency versus administrative or fundraising costs.
Strengths
Consistent IRS 990 filings: The organization has a history of 10 filings, indicating transparency in reporting.
No officer compensation: 0% officer compensation reported across all filings suggests that leadership is not drawing a salary from the organization.
Spending Breakdown
How K P & Phoebe Tsolainos Foundation Inc allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
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 K P & Phoebe Tsolainos Foundation Inc
Is K P & Phoebe Tsolainos Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, K P & Phoebe Tsolainos Foundation Inc (EIN: 136077055) shows mixed signals. Mission Score: 55/100. 3 red flags identified, 2 strengths noted.
Is K P & Phoebe Tsolainos Foundation Inc a good charity to donate to?
K P & Phoebe Tsolainos Foundation Inc has a Mission Score of 55/100. Revenue: $99K. Assets: $101K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for K P & Phoebe Tsolainos Foundation Inc?
The Employer Identification Number (EIN) for K P & Phoebe Tsolainos Foundation Inc is 136077055. 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 K P & Phoebe Tsolainos Foundation Inc spend its money?
K P & Phoebe Tsolainos Foundation Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify K P & Phoebe Tsolainos Foundation Inc's tax-exempt status?
You can verify K P & Phoebe Tsolainos Foundation Inc's tax-exempt status using EIN 136077055 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 K P & Phoebe Tsolainos Foundation Inc. demonstrates consistent transparency through its regular IRS 990 filings, with 10 filings available. However, the organization's financial health shows some concerning trends. In the most recent period (202312), the foundation reported expenses of $90,497 against revenues of $51,395, indicating a significant operating deficit. This pattern of expenses exceeding revenue is not isolated, as seen in 202212 ($91,400 expenses vs. $92,675 revenue, a slight surplus), 202012 ($68,717 expenses vs. $44,539 revenue), and several earlier years. This consistent spending beyond its income has led to a notable decline in assets, from $289,899 in 201112 to $91,985 in 202312.
The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which is not provided in the summary data. However, the consistent operating deficits suggest that the current revenue streams are insufficient to cover its operational costs. The absence of officer compensation reported across all filings indicates that executive leadership is not drawing a salary from the organization, which can be a positive sign for donor confidence regarding overhead.
Overall, while the foundation is transparent with its filings and does not pay officer compensation, its long-term financial sustainability is questionable given the persistent trend of expenses exceeding revenue and the substantial depletion of its asset base over the past decade. Donors might want to inquire about the specific allocation of expenses and strategies for achieving financial stability.