Is L Thornburg Tr Fbo Goodall Mem Lib Tr 6130829230 Legit?
Quick charity verification for L Thornburg Tr Fbo Goodall Mem Lib Tr 6130829230 (EIN: 16011398)
Verdict: L Thornburg Tr Fbo Goodall Mem Lib Tr 6130829230 appears trustworthy
75/100Mission Score
$185KRevenue
$379KAssets
2Red Flags
4Strengths
Red Flags
Consistent annual expenses exceeding revenue, indicating reliance on asset drawdowns or prior surpluses.
Lack of detailed NTEE code, making it difficult to benchmark against similar organizations.
Strengths
Consistent asset growth over the past decade, from $275,941 in 2012 to $351,051 in 2023.
Zero reported officer compensation, indicating efficient use of funds for mission or volunteer leadership.
Extremely low liabilities, consistently $0 or $1, demonstrating strong financial stability and low debt.
Long filing history (9 filings), suggesting consistent compliance and operational longevity.
Spending Breakdown
How L Thornburg Tr Fbo Goodall Mem Lib Tr 6130829230 allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
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 L Thornburg Tr Fbo Goodall Mem Lib Tr 6130829230
Is L Thornburg Tr Fbo Goodall Mem Lib Tr 6130829230 a legitimate charity?
Based on AI analysis of IRS 990 filings, L Thornburg Tr Fbo Goodall Mem Lib Tr 6130829230 (EIN: 16011398) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is L Thornburg Tr Fbo Goodall Mem Lib Tr 6130829230 a good charity to donate to?
L Thornburg Tr Fbo Goodall Mem Lib Tr 6130829230 has a Mission Score of 75/100. Revenue: $185K. Assets: $379K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for L Thornburg Tr Fbo Goodall Mem Lib Tr 6130829230?
The Employer Identification Number (EIN) for L Thornburg Tr Fbo Goodall Mem Lib Tr 6130829230 is 16011398. 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 L Thornburg Tr Fbo Goodall Mem Lib Tr 6130829230 spend its money?
L Thornburg Tr Fbo Goodall Mem Lib Tr 6130829230 allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify L Thornburg Tr Fbo Goodall Mem Lib Tr 6130829230's tax-exempt status?
You can verify L Thornburg Tr Fbo Goodall Mem Lib Tr 6130829230's tax-exempt status using EIN 16011398 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
L Thornburg Tr Fbo Goodall Mem Lib Tr operates with a relatively small financial footprint, consistently reporting modest revenues and expenses over the past decade. The organization's assets have shown a steady growth trend, increasing from $275,941 in 2012 to $351,051 in 2023, indicating sound asset management. However, the organization frequently reports expenses exceeding revenue, as seen in 2023 where revenue was $10,726 and expenses were $22,836, and in 2020 with revenue of $5,797 against expenses of $17,302. This pattern suggests reliance on accumulated assets or prior year surpluses to cover operational costs. The consistent reporting of zero officer compensation across all filings indicates a high degree of financial transparency regarding leadership remuneration and a volunteer-driven or very lean operational model. The organization's liabilities have remained minimal, typically $1 or $0, which is a strong indicator of financial stability and low debt risk.