Is Kenneth N And Rosemary B Williford Foundation Legit?

Quick charity verification for Kenneth N And Rosemary B Williford Foundation (EIN: 200308527)

Verdict: Kenneth N And Rosemary B Williford Foundation appears trustworthy

75/100Mission Score

$230KRevenue

$2.0MAssets

2Red Flags

4Strengths

Red Flags

Consistent annual expenses exceeding revenue (e.g., $125,323 expenses vs. $85,425 revenue in 2023), indicating reliance on endowment drawdowns.
Slight decline in total assets over the past few years, from $2,229,372 in 2019 to $2,019,325 in 2023.

Strengths

Stable and substantial asset base of approximately $2 million, providing long-term financial security.
Zero reported officer compensation across all filings, indicating high efficiency in leadership costs.
Minimal liabilities ($0 or $1) consistently reported, reflecting strong financial management and low debt.
Consistent filing history (10 filings provided) demonstrates transparency and compliance.

Spending Breakdown

How Kenneth N And Rosemary B Williford Foundation allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

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 Kenneth N And Rosemary B Williford Foundation

Is Kenneth N And Rosemary B Williford Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Kenneth N And Rosemary B Williford Foundation (EIN: 200308527) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.

Is Kenneth N And Rosemary B Williford Foundation a good charity to donate to?

Kenneth N And Rosemary B Williford Foundation has a Mission Score of 75/100. Revenue: $230K. Assets: $2.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Kenneth N And Rosemary B Williford Foundation?

The Employer Identification Number (EIN) for Kenneth N And Rosemary B Williford Foundation is 200308527. 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 Kenneth N And Rosemary B Williford Foundation spend its money?

Kenneth N And Rosemary B Williford Foundation allocates 85% to programs, 15% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Kenneth N And Rosemary B Williford Foundation's tax-exempt status?

You can verify Kenneth N And Rosemary B Williford Foundation's tax-exempt status using EIN 200308527 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 Kenneth N And Rosemary B Williford Foundation appears to be a private foundation, as indicated by its consistent asset base and relatively low revenue compared to its assets. Its financial health is stable, with assets consistently around $2 million over the past decade, suggesting a well-endowed organization. However, the foundation has consistently spent more than its revenue in recent years, with expenses exceeding revenue in 8 out of the last 10 reported periods. For example, in 2023, expenses were $125,323 against revenue of $85,425, and in 2022, expenses were $143,522 against revenue of $45,845. This spending pattern, while common for foundations drawing from endowments, indicates a reliance on investment returns or principal rather than annual contributions to cover operational and grant-making costs.

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses from the provided data, it's challenging to fully assess. However, the consistent 'Officer Comp=0%' across all filings suggests very low, if any, executive compensation, which is a positive indicator for efficiency. The foundation's liabilities have also remained minimal, typically $1 or $0, reflecting sound financial management in terms of debt. Transparency is generally good given the availability of 990 filings, but a more detailed breakdown of expenses would enhance understanding of its spending priorities.

Overall, the foundation demonstrates long-term financial stability through its substantial asset base. While it consistently spends more than its annual revenue, this is likely managed through its endowment. The lack of officer compensation is a strong positive for efficiency. To fully assess spending efficiency, a detailed breakdown of program vs. administrative costs would be necessary, which is not provided in the summary data.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.