Is Mclaughlin Foundation Inc Legit?

Quick charity verification for Mclaughlin Foundation Inc (EIN: 10509638)

Verdict: Mclaughlin Foundation Inc appears trustworthy

85/100Mission Score
$210KRevenue
$650KAssets
1Red Flags
4Strengths

Red Flags

Strengths

Spending Breakdown

How Mclaughlin Foundation Inc 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 Mclaughlin Foundation Inc

Is Mclaughlin Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Mclaughlin Foundation Inc (EIN: 10509638) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.

Is Mclaughlin Foundation Inc a good charity to donate to?

Mclaughlin Foundation Inc has a Mission Score of 85/100. Revenue: $210K. Assets: $650K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Mclaughlin Foundation Inc?

The Employer Identification Number (EIN) for Mclaughlin Foundation Inc is 10509638. 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 Mclaughlin Foundation Inc spend its money?

Mclaughlin Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Mclaughlin Foundation Inc's tax-exempt status?

You can verify Mclaughlin Foundation Inc's tax-exempt status using EIN 10509638 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 Mclaughlin Foundation Inc demonstrates consistent financial health, maintaining a stable asset base around $650,000-$700,000 in recent years, with total assets of $658,664 in 2023. The organization consistently operates with revenues generally exceeding expenses, as seen in 2023 where revenue was $179,437 against expenses of $154,488, indicating responsible financial management. Their liabilities are consistently low, typically under $50,000, suggesting a healthy balance sheet and minimal debt burden. Spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings, which suggests that administrative costs related to executive salaries are non-existent or covered by volunteers. This practice significantly contributes to a higher proportion of funds being available for program services. While specific program spending percentages are not detailed in the provided data, the absence of executive compensation is a positive indicator for efficiency. Transparency is high regarding executive compensation, as it is consistently reported as zero. The consistent filing of IRS Form 990s over 13 periods also indicates a commitment to public disclosure. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a full assessment of spending efficiency and transparency regarding fund allocation is limited.

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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