Is Mike Gallagher Show Charitable Foundation Legit?
Quick charity verification for Mike Gallagher Show Charitable Foundation (EIN: 201263764)
Verdict: Mike Gallagher Show Charitable Foundation shows mixed signals
45/100Mission Score
$55KRevenue
$220KAssets
4Red Flags
2Strengths
Red Flags
Persistent operating deficits (e.g., $118,061 loss in 2023, $138,871 loss in 2022)
Significant decline in assets over recent years (from $665,977 in 2017 to $192,717 in 2023)
Substantial increase in liabilities in 2023 ($84,976)
Revenue volatility (e.g., $672,812 in 2017 vs. $54,600 latest revenue)
Strengths
0% officer compensation reported across all filings, indicating no executive salaries.
Long filing history (11 filings), suggesting consistent reporting.
Spending Breakdown
How Mike Gallagher Show Charitable 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 Mike Gallagher Show Charitable Foundation
Is Mike Gallagher Show Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Mike Gallagher Show Charitable Foundation (EIN: 201263764) shows mixed signals. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
Is Mike Gallagher Show Charitable Foundation a good charity to donate to?
Mike Gallagher Show Charitable Foundation has a Mission Score of 45/100. Revenue: $55K. Assets: $220K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Mike Gallagher Show Charitable Foundation?
The Employer Identification Number (EIN) for Mike Gallagher Show Charitable Foundation is 201263764. 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 Mike Gallagher Show Charitable Foundation spend its money?
Mike Gallagher Show Charitable Foundation allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Mike Gallagher Show Charitable Foundation's tax-exempt status?
You can verify Mike Gallagher Show Charitable Foundation's tax-exempt status using EIN 201263764 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 Mike Gallagher Show Charitable Foundation exhibits a concerning trend of operating deficits in recent years, with expenses consistently exceeding revenue. For instance, in 2023, expenses were $202,069 against revenue of $84,008, and in 2022, expenses were $191,715 against revenue of $52,844. This sustained spending beyond income has led to a significant decline in assets, from a peak of $665,977 in 2017 to $192,717 in 2023. While the organization reports 0% officer compensation, which is a positive sign for executive transparency, the overall financial health appears to be deteriorating.
The foundation's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses from the provided data. However, the consistent net losses suggest that the current operational model is not sustainable. The substantial liabilities in 2023 ($84,976) further indicate financial strain. The lack of officer compensation is a strong point for transparency regarding executive pay, but the broader financial picture raises questions about long-term viability and impact.