Is Mississippi Farm Bureau Foundation &…

Quick charity verification for Mississippi Farm Bureau Foundation & Relief Fund Inc (EIN: 208612993)

Spending Breakdown

How Mississippi Farm Bureau Foundation & Relief Fund Inc allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

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 Mississippi Farm Bureau Foundation & Relief Fund Inc

Is Mississippi Farm Bureau Foundation & Relief Fund Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Mississippi Farm Bureau Foundation & Relief Fund Inc (EIN: 208612993) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.

Is Mississippi Farm Bureau Foundation & Relief Fund Inc a good charity to donate to?

Mississippi Farm Bureau Foundation & Relief Fund Inc has a Mission Score of 85/100. Revenue: $456K. Assets: $4.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Mississippi Farm Bureau Foundation & Relief Fund Inc?

The Employer Identification Number (EIN) for Mississippi Farm Bureau Foundation & Relief Fund Inc is 208612993. 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 Mississippi Farm Bureau Foundation & Relief Fund Inc spend its money?

Mississippi Farm Bureau Foundation & Relief Fund Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Mississippi Farm Bureau Foundation & Relief Fund Inc's tax-exempt status?

You can verify Mississippi Farm Bureau Foundation & Relief Fund Inc's tax-exempt status using EIN 208612993 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 Mississippi Farm Bureau Foundation & Relief Fund Inc. demonstrates a generally stable financial position with consistent asset growth over the past decade, reaching $3,593,825 in 2023. While revenue has fluctuated, peaking at $1,428,537 in 2022, the organization has consistently managed expenses below revenue in most recent years, indicating sound financial management. For instance, in 2023, revenue was $860,784 against expenses of $680,679, resulting in a surplus. The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 13 filings available, and a reported 0% officer compensation across all available periods, suggesting a volunteer-led or very lean executive structure.

The organization's spending efficiency appears strong, particularly given the absence of reported officer compensation, which typically represents a significant administrative cost for many nonprofits. This suggests that a very high proportion of funds could be directed towards program services. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories from the provided data, a precise assessment of spending efficiency is challenging. The consistent growth in assets, even with fluctuating revenues, points to effective stewardship of resources.

Overall, the foundation appears to be a financially healthy and transparent organization, especially concerning executive compensation. Its ability to maintain and grow assets while managing expenses effectively, coupled with a clear filing history, indicates a commitment to financial accountability. Further detailed expense breakdowns would enhance the understanding of its operational efficiency.

Is Mississippi Farm Bureau Foundation & Relief Fund Inc Legit?

Verdict: Mississippi Farm Bureau Foundation & Relief Fund Inc appears trustworthy

Red Flags

Strengths