Is Michael J And Leslie A Omalley Family Foundation Legit?
Quick charity verification for Michael J And Leslie A Omalley Family Foundation (EIN: 208076039)
Verdict: Michael J And Leslie A Omalley Family Foundation has notable concerns
30/100Mission Score
$110Revenue
$68KAssets
3Red Flags
2Strengths
Red Flags
Consistent and significant deficit spending (e.g., $110 revenue vs. $22,027 expenses in 202012).
Steady decline in total assets over time, indicating asset depletion ($208,361 in 201112 to $68,108 in 202012).
Very low reported revenue in most years, suggesting a lack of ongoing financial support or investment income.
Strengths
No reported officer compensation, indicating volunteer leadership.
Consistently low liabilities ($1), suggesting no significant debt burden.
Spending Breakdown
How Michael J And Leslie A Omalley Family Foundation allocates its funds across programs, administration, and fundraising.
50%
Program Spending
Below average — room for improvement
40%
Admin Costs
High — over 25% on administration
10%
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 J And Leslie A Omalley Family Foundation
Is Michael J And Leslie A Omalley Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Michael J And Leslie A Omalley Family Foundation (EIN: 208076039) has notable concerns. Mission Score: 30/100. 3 red flags identified, 2 strengths noted.
Is Michael J And Leslie A Omalley Family Foundation a good charity to donate to?
Michael J And Leslie A Omalley Family Foundation has a Mission Score of 30/100. Revenue: $110. Assets: $68K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Michael J And Leslie A Omalley Family Foundation?
The Employer Identification Number (EIN) for Michael J And Leslie A Omalley Family Foundation is 208076039. 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 J And Leslie A Omalley Family Foundation spend its money?
Michael J And Leslie A Omalley Family Foundation allocates 50% to programs, 40% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Michael J And Leslie A Omalley Family Foundation's tax-exempt status?
You can verify Michael J And Leslie A Omalley Family Foundation's tax-exempt status using EIN 208076039 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 J And Leslie A Omalley Family Foundation exhibits a concerning financial trend, with its latest filing (202012) showing revenue of only $110 against expenses of $22,027. This significant deficit spending is not an isolated incident, as similar patterns of expenses far exceeding revenue are observed in multiple prior periods (e.g., 201512: Revenue $74, Expenses $39,492; 201412: Revenue $153, Expenses $33,429). While the organization maintains assets, these have been steadily declining from $208,361 in 201112 to $68,108 in 202012, indicating that the foundation is liquidating its principal to cover operational costs. The foundation's liabilities consistently remain at $1, suggesting a lack of external debt, which is a positive sign for financial stability in that regard. However, the consistent and substantial negative net income raises serious questions about its long-term sustainability and the effectiveness of its financial management. The lack of officer compensation reported across all filings suggests that leadership is not drawing a salary, which can be a sign of dedication, but does not mitigate the underlying financial challenges.