Quick charity verification for Madden Family Foundation Inc (EIN: 20588501)
Verdict: Madden Family Foundation Inc appears trustworthy
85/100Mission Score
$704KRevenue
$1.4MAssets
2Red Flags
4Strengths
Red Flags
Consistent operating deficits in recent years (e.g., 2023, 2022, 2019, 2015, 2014, 2013, 2012) where expenses exceeded revenue, potentially drawing down on assets.
Significant year-to-year fluctuations in revenue, making future income less predictable.
Strengths
Strong and stable asset base, consistently over $1 million, providing financial security.
Zero reported executive compensation across all filings, indicating efficient use of funds and volunteer leadership.
Excellent transparency with a decade of consistent IRS 990 filings.
Minimal liabilities ($0 or $1) across all reported periods, indicating a very healthy balance sheet.
Spending Breakdown
How Madden Family Foundation Inc 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 Madden Family Foundation Inc
Is Madden Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Madden Family Foundation Inc (EIN: 20588501) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Madden Family Foundation Inc a good charity to donate to?
Madden Family Foundation Inc has a Mission Score of 85/100. Revenue: $704K. Assets: $1.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Madden Family Foundation Inc?
The Employer Identification Number (EIN) for Madden Family Foundation Inc is 20588501. 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 Madden Family Foundation Inc spend its money?
Madden Family Foundation Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Madden Family Foundation Inc's tax-exempt status?
You can verify Madden Family Foundation Inc's tax-exempt status using EIN 20588501 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 Madden Family Foundation Inc. demonstrates consistent financial stability with assets consistently over $1 million, reaching $1,360,880 most recently. While revenue has fluctuated significantly year-to-year, from a low of $38,674 in 2013 to a high of $469,363 in 2020, the organization has maintained a strong asset base. Expenses have remained relatively stable, typically ranging between $70,000 and $120,000 annually, indicating predictable operational costs. The foundation's liabilities are consistently reported as minimal ($1 or $0), suggesting a very low debt burden and strong financial health.
The organization's transparency is high, as evidenced by its consistent filing of IRS Form 990s over a decade. The absence of reported officer compensation across all filings indicates that executive leadership is likely unpaid, which is a positive sign for donor confidence and efficient use of funds. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories in the provided data, a precise assessment of spending efficiency is challenging. The consistent net operating losses in most recent years (e.g., $70,539 revenue vs. $95,931 expenses in 2023) suggest that the foundation is drawing down on its asset base or relying on prior year surpluses to cover current expenses, which warrants further investigation into its long-term sustainability strategy if this trend continues.
Overall, the Madden Family Foundation appears to be a well-managed entity with a solid asset base and a commitment to transparency through regular filings and no reported executive compensation. The primary area for deeper analysis would be the detailed allocation of expenses to understand its program efficiency and the strategy behind its consistent operating deficits in recent years.