Quick charity verification for Michelle Odom Foundation (EIN: 202031240)
Verdict: Michelle Odom Foundation shows mixed signals
55/100Mission Score
$74KRevenue
$1.4MAssets
3Red Flags
2Strengths
Red Flags
Consistent operating deficits: Expenses have exceeded revenue in most reported periods, notably $76,021 expenses vs. $71,245 revenue in 2023 and $77,735 expenses vs. $32,669 revenue in 2022.
Declining asset base: Assets have decreased from $1,859,695 in 2011 to $1,350,311 in 2023, indicating an unsustainable financial model.
Significant revenue volatility: Revenue has fluctuated considerably, from $13,823 in 2011 to $71,245 in 2023, making financial planning challenging.
Strengths
No officer compensation: The organization consistently reports 0% officer compensation, demonstrating a commitment to minimizing administrative overhead in this area.
Low liabilities: Liabilities are consistently reported as very low ($0 or $1), indicating good financial management regarding debt.
Spending Breakdown
How Michelle Odom Foundation allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
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 Michelle Odom Foundation
Is Michelle Odom Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Michelle Odom Foundation (EIN: 202031240) shows mixed signals. Mission Score: 55/100. 3 red flags identified, 2 strengths noted.
Is Michelle Odom Foundation a good charity to donate to?
Michelle Odom Foundation has a Mission Score of 55/100. Revenue: $74K. Assets: $1.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Michelle Odom Foundation?
The Employer Identification Number (EIN) for Michelle Odom Foundation is 202031240. 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 Michelle Odom Foundation spend its money?
Michelle Odom Foundation allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Michelle Odom Foundation's tax-exempt status?
You can verify Michelle Odom Foundation's tax-exempt status using EIN 202031240 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 Michelle Odom Foundation exhibits a concerning trend of consistent operating deficits, with expenses frequently exceeding revenue. For example, in 2023, expenses were $76,021 against revenue of $71,245, and in 2022, expenses were $77,735 against revenue of $32,669. This pattern suggests a reliance on drawing down assets, which have steadily declined from $1,859,695 in 2011 to $1,350,311 in 2023. While the organization reports 0% officer compensation, which is a positive for transparency and efficiency, the overall financial health is challenged by its inability to generate sufficient revenue to cover its operational costs. The NTEE code T20 (Philanthropy, Voluntarism, and Grantmaking Foundations) suggests its primary activity might be grantmaking, which could explain the asset base, but the consistent net losses are unsustainable long-term without a significant increase in fundraising or a reduction in spending.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which is not provided in the summary data. However, the consistent net losses indicate that, regardless of the allocation, the total spending is not being adequately supported by incoming revenue. The organization's transparency is good regarding executive compensation, as it reports no officer compensation. However, a more detailed financial statement would be necessary to fully evaluate the efficiency of its spending across different categories and to understand the nature of its expenses given its NTEE code and asset base.