Quick charity verification for Little Harbour Charitable Foundation (EIN: 20509031)
Verdict: Little Harbour Charitable Foundation appears trustworthy
85/100Mission Score
$99KRevenue
$411KAssets
2Red Flags
4Strengths
Red Flags
Extremely low reported expenses in 2023 ($1,845) relative to revenue ($98,522) could indicate minimal direct program activity or a significant shift in operational model.
Lack of detailed program spending breakdown in summary data makes it difficult to assess direct charitable impact.
Strengths
Consistent asset growth, from $188,006 in 2014 to $410,522 in 2023, demonstrating strong financial health.
Zero reported officer compensation across all filings, indicating a highly efficient and potentially volunteer-driven leadership.
Low overall expenses, particularly in recent years, suggesting a lean operational structure.
Consistent IRS 990 filing history, indicating good transparency and compliance.
Spending Breakdown
How Little Harbour Charitable Foundation allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
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 Little Harbour Charitable Foundation
Is Little Harbour Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Little Harbour Charitable Foundation (EIN: 20509031) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Little Harbour Charitable Foundation a good charity to donate to?
Little Harbour Charitable Foundation has a Mission Score of 85/100. Revenue: $99K. Assets: $411K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Little Harbour Charitable Foundation?
The Employer Identification Number (EIN) for Little Harbour Charitable Foundation is 20509031. 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 Little Harbour Charitable Foundation spend its money?
Little Harbour Charitable Foundation allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Little Harbour Charitable Foundation's tax-exempt status?
You can verify Little Harbour Charitable Foundation's tax-exempt status using EIN 20509031 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
Little Harbour Charitable Foundation demonstrates strong financial health with consistently positive net assets, growing from $188,006 in 2014 to $410,522 in 2023. The organization's spending efficiency appears excellent, particularly in the most recent fiscal year (2023) where expenses were only $1,845 against $98,522 in revenue, indicating a very lean operational model. While some prior years showed expenses exceeding revenue (e.g., 2019 and 2020), the overall trend points to careful management and accumulation of assets.
The foundation's transparency is bolstered by its consistent filing of IRS Form 990s over 13 periods, providing a clear historical financial record. The absence of officer compensation reported across all filings further enhances its transparency and suggests a volunteer-driven or very low-cost leadership structure. This commitment to minimal overhead and clear financial reporting contributes positively to its overall financial assessment.
However, the extremely low expenses in 2023 ($1,845) compared to revenue ($98,522) raise questions about the extent of its program activities or if significant program spending is deferred or handled through other means not immediately apparent in the expense line. While financially sound, understanding the direct impact of its charitable activities would require further detail beyond the summary 990 data.