Consistent reporting of $1 in liabilities across multiple recent years (2023-2019) is unusual and warrants scrutiny.
Strengths
Maintains a strong and consistent asset base, generally over $5 million, providing financial stability.
Reports 0% officer compensation across all filings, indicating efficient use of funds by not paying executive salaries.
Consistent filing of IRS Form 990s demonstrates adherence to basic transparency requirements.
Spending Breakdown
How Mattei 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 Mattei Foundation
Is Mattei Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Mattei Foundation (EIN: 206376517) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Mattei Foundation a good charity to donate to?
Mattei Foundation has a Mission Score of 65/100. Revenue: $1.3M. Assets: $5.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Mattei Foundation?
The Employer Identification Number (EIN) for Mattei Foundation is 206376517. 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 Mattei Foundation spend its money?
Mattei Foundation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Mattei Foundation's tax-exempt status?
You can verify Mattei Foundation's tax-exempt status using EIN 206376517 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 Mattei Foundation exhibits a mixed financial picture. While the organization maintains substantial assets, consistently over $5 million, its revenue has been highly volatile, including a significant negative revenue of $-176,519 in 2023. This volatility, coupled with expenses often exceeding revenue in several years (e.g., 2023, 2021, 2020, 2019, 2011), suggests potential reliance on asset drawdowns or inconsistent funding sources. The consistent reporting of $1 in liabilities across recent years is unusual and warrants further investigation into its financial reporting practices.
The foundation's spending efficiency is difficult to fully assess without a detailed functional expense breakdown (program, administrative, fundraising) from the provided data. However, the absence of reported officer compensation across all filings is a positive indicator for minimizing overhead related to executive salaries. The organization's consistent filing of IRS Form 990s demonstrates a commitment to basic transparency requirements, but the unusual liability reporting could be a point of concern for deeper financial scrutiny.
Overall, the Mattei Foundation appears to be a well-established entity with a solid asset base. However, its revenue instability and the peculiar liability reporting in recent years suggest that potential donors or stakeholders should seek more detailed financial statements to fully understand its operational sustainability and financial health beyond the summary 990 data.