Is Mcdermott Fam Charitable Tr Legit? —…

Spending Breakdown

How Mcdermott Fam Charitable Tr allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Mcdermott Fam Charitable Tr

Is Mcdermott Fam Charitable Tr a legitimate charity?

Based on AI analysis of IRS 990 filings, Mcdermott Fam Charitable Tr (EIN: 146198226) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.

Is Mcdermott Fam Charitable Tr a good charity to donate to?

Mcdermott Fam Charitable Tr has a Mission Score of 92/100. Revenue: $169K. Assets: $3.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Mcdermott Fam Charitable Tr?

The Employer Identification Number (EIN) for Mcdermott Fam Charitable Tr is 146198226. 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 Mcdermott Fam Charitable Tr spend its money?

Mcdermott Fam Charitable Tr allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Mcdermott Fam Charitable Tr's tax-exempt status?

You can verify Mcdermott Fam Charitable Tr's tax-exempt status using EIN 146198226 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 McDermott Fam Charitable Tr demonstrates a consistent pattern of growth in assets over the past decade, increasing from $242,773 in 2011 to $2,237,825 in 2023, with a notable peak in 2021 at $2,199,297. Revenue has been highly variable, with a significant spike to $1,409,685 in 2021, contrasting with lower figures like $34,452 in 2020 and $43,758 in 2022. This volatility in revenue, while not uncommon for smaller trusts, suggests reliance on specific, potentially large, contributions or investment gains rather than a steady stream of income.

The organization's spending efficiency appears strong, as evidenced by the consistent reporting of 0% officer compensation across all filings, indicating that administrative costs related to executive salaries are non-existent. Given the nature of a charitable trust (NTEE Code T20), which typically involves grant-making, the majority of expenses are likely directed towards program services. The low liabilities ($1 or $0 across all periods) also points to sound financial management and a lack of significant debt. The trust's transparency is good, with a clear filing history available, and the absence of officer compensation simplifies the analysis of its operational overhead.

Overall, the McDermott Fam Charitable Tr appears to be a well-managed entity with a strong asset base relative to its annual expenses. Its financial health is robust, characterized by minimal liabilities and a commitment to directing resources towards its charitable purpose, as implied by the lack of executive compensation. The primary area for further understanding would be the specific allocation of its expenses, which are not detailed in the provided summary, to confirm the exact program spending ratio.

Is Mcdermott Fam Charitable Tr Legit?

Verdict: Mcdermott Fam Charitable Tr appears trustworthy

Red Flags

Strengths