Quick charity verification for Letaw Family Foundation Inc (EIN: 208109297)
Verdict: Letaw Family Foundation Inc appears trustworthy
85/100Mission Score
$345KRevenue
$1.3MAssets
2Red Flags
5Strengths
Red Flags
Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided data makes precise efficiency assessment challenging.
Consistent 0% officer compensation for an organization with over $1 million in assets could indicate a lack of transparency if compensation is being paid through related entities or non-standard methods, though it could also genuinely mean volunteer leadership.
Strengths
Strong and stable asset base, consistently over $1.2 million in recent years, reaching $1,305,245 in 2023.
Minimal liabilities, often reported as $1, indicating excellent financial health and no significant debt burden.
Consistent reporting of 0% officer compensation, suggesting a highly efficient operational model with potentially volunteer leadership.
Long history of IRS 990 filings (10 filings), demonstrating consistent transparency and compliance.
Revenue and expenses are generally well-matched, indicating responsible financial management and sustainability.
Spending Breakdown
How Letaw Family Foundation Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
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 Letaw Family Foundation Inc
Is Letaw Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Letaw Family Foundation Inc (EIN: 208109297) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
Is Letaw Family Foundation Inc a good charity to donate to?
Letaw Family Foundation Inc has a Mission Score of 85/100. Revenue: $345K. Assets: $1.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Letaw Family Foundation Inc?
The Employer Identification Number (EIN) for Letaw Family Foundation Inc is 208109297. 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 Letaw Family Foundation Inc spend its money?
Letaw Family Foundation Inc allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Letaw Family Foundation Inc's tax-exempt status?
You can verify Letaw Family Foundation Inc's tax-exempt status using EIN 208109297 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 Letaw Family Foundation Inc. demonstrates consistent financial stability with assets steadily over $1.2 million in recent years, reaching $1,305,245 in 2023. Its revenue and expenses have generally been well-matched, with a slight surplus in 2023 ($139,078 revenue vs. $138,708 expenses) and a slight deficit in 2022 ($127,356 revenue vs. $142,098 expenses). The organization's liabilities have consistently been minimal, often reported as $1, indicating a very healthy balance sheet with virtually no debt. This financial prudence suggests a well-managed operation.
Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to provide a precise assessment. However, the consistent low liabilities and stable asset base suggest that the organization is not overextending itself. The absence of reported officer compensation across all filings indicates that the foundation is likely run by volunteers or has its executive functions covered by other means, which can contribute to higher program spending efficiency. This practice enhances the foundation's ability to direct more funds towards its mission.
Transparency appears to be strong given the consistent filing of IRS Form 990s over a decade. The lack of officer compensation is a notable positive for transparency and public trust. The foundation's financial health, characterized by stable assets and minimal liabilities, combined with its operational model, suggests a responsible and mission-focused entity. However, a more granular breakdown of expenses would further enhance the understanding of its spending efficiency.