Is Mary Catherine Kilday & George W Malzone Foundation Legit?
Quick charity verification for Mary Catherine Kilday & George W Malzone Foundation (EIN: 200095313)
Verdict: Mary Catherine Kilday & George W Malzone Foundation shows mixed signals
55/100Mission Score
$253KRevenue
$110KAssets
3Red Flags
2Strengths
Red Flags
Consistent and significant decline in assets over the past decade (from $930,036 in 2011 to $196,657 in 2023).
Expenses frequently exceed revenue, indicating an unsustainable operational model (e.g., 2023 revenue of -$6,237 vs. expenses of $51,772).
Negative revenue reported in some periods (e.g., -$6,237 in 2023), which is highly unusual and concerning.
Strengths
0% officer compensation reported across all filings, demonstrating a commitment to minimizing administrative overhead for executive pay.
Low liabilities reported ($1 in recent years), indicating good management of debt.
Spending Breakdown
How Mary Catherine Kilday & George W Malzone Foundation 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 Mary Catherine Kilday & George W Malzone Foundation
Is Mary Catherine Kilday & George W Malzone Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Mary Catherine Kilday & George W Malzone Foundation (EIN: 200095313) shows mixed signals. Mission Score: 55/100. 3 red flags identified, 2 strengths noted.
Is Mary Catherine Kilday & George W Malzone Foundation a good charity to donate to?
Mary Catherine Kilday & George W Malzone Foundation has a Mission Score of 55/100. Revenue: $253K. Assets: $110K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Mary Catherine Kilday & George W Malzone Foundation?
The Employer Identification Number (EIN) for Mary Catherine Kilday & George W Malzone Foundation is 200095313. 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 Mary Catherine Kilday & George W Malzone Foundation spend its money?
Mary Catherine Kilday & George W Malzone Foundation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Mary Catherine Kilday & George W Malzone Foundation's tax-exempt status?
You can verify Mary Catherine Kilday & George W Malzone Foundation's tax-exempt status using EIN 200095313 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 Mary Catherine Kilday & George W Malzone Foundation exhibits a concerning financial trend, with a consistent decline in assets over the past decade, from $930,036 in 2011 to $196,657 in 2023. This substantial reduction, coupled with several years of negative revenue (e.g., -$6,237 in 2023) and expenses frequently exceeding revenue, suggests a foundation that is spending down its principal without sufficient incoming funds to sustain its asset base. While the organization reports 0% officer compensation, which is a positive for transparency and efficiency, the overall financial trajectory indicates a potential long-term sustainability issue.
The foundation's 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 consistent pattern of expenses significantly outpacing revenue (e.g., $51,772 in expenses vs. -$6,237 in revenue in 2023) points to an operational model that is not financially self-sustaining based on current revenue streams. The lack of officer compensation is a strong indicator of good governance regarding executive pay, but the broader financial health raises questions about the foundation's ability to continue its mission effectively in the long run given the diminishing asset base.