Is Mccloskey Family Foundation Legit?

Quick charity verification for Mccloskey Family Foundation (EIN: 10736063)

Verdict: Mccloskey Family Foundation appears trustworthy

70/100Mission Score
$112KRevenue
$200KAssets
2Red Flags
3Strengths

Red Flags

Strengths

Spending Breakdown

How Mccloskey Family 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 Mccloskey Family Foundation

Is Mccloskey Family Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Mccloskey Family Foundation (EIN: 10736063) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.

Is Mccloskey Family Foundation a good charity to donate to?

Mccloskey Family Foundation has a Mission Score of 70/100. Revenue: $112K. Assets: $200K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Mccloskey Family Foundation?

The Employer Identification Number (EIN) for Mccloskey Family Foundation is 10736063. 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 Mccloskey Family Foundation spend its money?

Mccloskey Family Foundation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Mccloskey Family Foundation's tax-exempt status?

You can verify Mccloskey Family Foundation's tax-exempt status using EIN 10736063 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 Mccloskey Family Foundation appears to be a small private foundation with a consistent history of operations. Its financial health shows some volatility in recent years, with expenses frequently exceeding revenue. For instance, in 2023, expenses were $67,930 against revenues of $26,255, leading to a significant deficit. This trend is also visible in 2022 ($22,246 expenses vs. $17,975 revenue) and 2021 ($22,370 expenses vs. $19,792 revenue). While the foundation's assets have fluctuated, they have generally decreased from a high of $361,075 in 2016 to $177,006 in 2023, suggesting it is drawing down its principal to cover operational costs or grantmaking. The consistent reporting of zero liabilities indicates a healthy balance sheet in terms of debt. The absence of officer compensation reported across all filings suggests a volunteer-led or very lean operational structure, which is a positive indicator for efficiency and donor trust. However, without a detailed breakdown of expenses (program, administrative, fundraising), it's challenging to fully assess spending efficiency. The foundation's transparency is good in terms of filing its IRS 990s consistently, but more detailed financial statements would enhance understanding of its impact.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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