Declining asset base from $5,431,667 in 2012 to $4,394,067 in 2023, though still substantial.
Strengths
Consistently reports 0% officer compensation, indicating highly efficient use of funds for its mission.
Maintains a substantial asset base (over $4 million), providing long-term stability for its grantmaking activities.
Consistent filing history over a decade, demonstrating transparency and compliance.
Spending Breakdown
How Luke And Becky Corbett Foundation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
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 Luke And Becky Corbett Foundation
Is Luke And Becky Corbett Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Luke And Becky Corbett Foundation (EIN: 205201343) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 3 strengths noted.
Is Luke And Becky Corbett Foundation a good charity to donate to?
Luke And Becky Corbett Foundation has a Mission Score of 85/100. Revenue: $777K. Assets: $4.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Luke And Becky Corbett Foundation?
The Employer Identification Number (EIN) for Luke And Becky Corbett Foundation is 205201343. 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 Luke And Becky Corbett Foundation spend its money?
Luke And Becky Corbett Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Luke And Becky Corbett Foundation's tax-exempt status?
You can verify Luke And Becky Corbett Foundation's tax-exempt status using EIN 205201343 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 Luke And Becky Corbett Foundation demonstrates a consistent pattern of financial activity typical of a private foundation, primarily distributing grants rather than operating programs directly. Over the past decade, the foundation has maintained substantial assets, averaging over $4.7 million, indicating a stable endowment. However, recent years show a concerning trend in revenue, with a significant negative revenue of $-124,545 in 2023, following a decline from $503,823 in 2021 to $330,573 in 2022. This volatility in revenue, coupled with expenses often exceeding revenue in several periods (e.g., 2023, 2022, 2019, 2014, 2013), suggests that the foundation is drawing down on its assets or experiencing inconsistent investment returns. The foundation's transparency is high regarding executive compensation, reporting 0% officer compensation across all available filings, which is a positive indicator of efficient use of funds for its stated purpose.