Quick charity verification for Michael E Mccarthy Scholarship Fund (EIN: 201817405)
Verdict: Michael E Mccarthy Scholarship Fund appears trustworthy
85/100Mission Score
$0Revenue
$0Assets
1Red Flags
4Strengths
Red Flags
Latest filing shows $0 revenue and $0 assets, raising questions about current operational status.
Strengths
Consistent asset growth over multiple years (e.g., $201,001 in 2011 to $359,363 in 2020).
0% officer compensation reported across all filings, indicating efficient use of funds.
Zero liabilities reported in all periods, demonstrating strong financial solvency.
Clear focus on program services as a scholarship fund.
Spending Breakdown
How Michael E Mccarthy Scholarship Fund 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 Michael E Mccarthy Scholarship Fund
Is Michael E Mccarthy Scholarship Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Michael E Mccarthy Scholarship Fund (EIN: 201817405) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Michael E Mccarthy Scholarship Fund a good charity to donate to?
Michael E Mccarthy Scholarship Fund has a Mission Score of 85/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Michael E Mccarthy Scholarship Fund?
The Employer Identification Number (EIN) for Michael E Mccarthy Scholarship Fund is 201817405. 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 Michael E Mccarthy Scholarship Fund spend its money?
Michael E Mccarthy Scholarship Fund allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Michael E Mccarthy Scholarship Fund's tax-exempt status?
You can verify Michael E Mccarthy Scholarship Fund's tax-exempt status using EIN 201817405 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 Michael E McCarthy Scholarship Fund appears to be a small, well-managed organization focused on its program services. With zero liabilities across all reported periods and consistent asset growth, the fund demonstrates strong financial stability. For instance, assets grew from $201,001 in 2011 to $359,363 in 2020. The organization consistently reports 0% officer compensation, indicating that all contributions and investment returns are directed towards its mission. While specific breakdowns of program, administrative, and fundraising expenses are not detailed in the provided summary, the overall financial health suggests a lean operation. The latest filing shows $0 revenue and assets, which could indicate a change in reporting or operational status, warranting further investigation into the most recent activities.