Is Margaret M Day And Paul A Daymemorial Fund Legit?
Quick charity verification for Margaret M Day And Paul A Daymemorial Fund (EIN: 207053268)
Verdict: Margaret M Day And Paul A Daymemorial Fund appears trustworthy
85/100Mission Score
$886KRevenue
$6.1MAssets
2Red Flags
4Strengths
Red Flags
Consistent expenses exceeding revenue, potentially drawing down assets over the long term (though assets have remained stable)
Lack of detailed expense breakdown in summary data makes full efficiency assessment difficult
Strengths
Substantial and stable asset base ($6,108,862 latest)
No reported officer compensation, indicating very low executive overhead
Consistent IRS 990 filing history demonstrates compliance
Likely strong program focus given the nature of a grant-making fund and 0% officer compensation
Spending Breakdown
How Margaret M Day And Paul A Daymemorial Fund 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 Margaret M Day And Paul A Daymemorial Fund
Is Margaret M Day And Paul A Daymemorial Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Margaret M Day And Paul A Daymemorial Fund (EIN: 207053268) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Margaret M Day And Paul A Daymemorial Fund a good charity to donate to?
Margaret M Day And Paul A Daymemorial Fund has a Mission Score of 85/100. Revenue: $886K. Assets: $6.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Margaret M Day And Paul A Daymemorial Fund?
The Employer Identification Number (EIN) for Margaret M Day And Paul A Daymemorial Fund is 207053268. 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 Margaret M Day And Paul A Daymemorial Fund spend its money?
Margaret M Day And Paul A Daymemorial Fund allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Margaret M Day And Paul A Daymemorial Fund's tax-exempt status?
You can verify Margaret M Day And Paul A Daymemorial Fund's tax-exempt status using EIN 207053268 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 Margaret M Day And Paul A Daymemorial Fund appears to be a well-established organization with substantial assets, currently valued at $6,108,862. Over the past several years, the fund has consistently incurred expenses that often exceed its revenue, as seen in 2023 where expenses were $508,214 against revenue of $472,876, and in 2022 with expenses of $548,075 against revenue of $317,196. This trend suggests that the organization is primarily operating as a grant-making or endowment fund, distributing more than its annual income, likely drawing from its significant asset base. The consistent 'Liabilities=$1' across multiple recent filings is unusual and may indicate a simplified reporting approach for minor outstanding balances, or it could be a placeholder, but it doesn't suggest significant financial obligations.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the absence of officer compensation (0% reported) is a positive indicator of efficient use of funds, as it suggests that the organization's leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is rare for organizations of this asset size. The consistent asset base, despite periods of negative net income, points to a stable financial foundation.
Transparency regarding specific program activities and detailed expense categories would enhance the overall assessment. While the 990 filings are publicly available, the summarized data doesn't allow for a deep dive into the allocation of expenses. The consistent filing history demonstrates compliance with IRS reporting requirements, contributing to a basic level of transparency. The NTEE code T20 (Foundations, Grantmaking & Giving) aligns with the observed financial pattern of distributing funds.