Quick charity verification for My Choice Foundation (EIN: 205326593)
Verdict: My Choice Foundation appears trustworthy
85/100Mission Score
$3.1MRevenue
$20.7MAssets
2Red Flags
5Strengths
Red Flags
High liabilities relative to assets, with liabilities consistently over 90% of assets (e.g., $17,931,115 liabilities vs. $18,989,575 assets in 2023), suggesting significant debt or restricted funds.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided data makes it difficult to fully assess spending efficiency.
Strengths
Consistent revenue growth, from $2.2M in 2014 to over $3M in 2023.
Consistent operating surplus, with expenses always below revenue.
Significant asset growth over the decade, from $8.8M to $18.9M.
Reported 0% officer compensation across all filings, indicating a highly lean or volunteer-led executive structure.
Long and consistent IRS 990 filing history (13 filings), demonstrating transparency and compliance.
Spending Breakdown
How My Choice Foundation allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 My Choice Foundation
Is My Choice Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, My Choice Foundation (EIN: 205326593) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
Is My Choice Foundation a good charity to donate to?
My Choice Foundation has a Mission Score of 85/100. Revenue: $3.1M. Assets: $20.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for My Choice Foundation?
The Employer Identification Number (EIN) for My Choice Foundation is 205326593. 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 My Choice Foundation spend its money?
My Choice Foundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify My Choice Foundation's tax-exempt status?
You can verify My Choice Foundation's tax-exempt status using EIN 205326593 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
My Choice Foundation demonstrates consistent financial operations with stable revenue and expenses over the past decade. In the latest filing (202312), the organization reported revenue of $3,037,619 against expenses of $2,884,708, indicating a surplus. The organization's assets have grown significantly, from $8,828,258 in 2014 to $18,989,575 in 2023, though a substantial portion is offset by liabilities, suggesting a reliance on debt or restricted funds.
The organization's spending efficiency appears reasonable, with expenses consistently below revenue, allowing for asset growth. A key aspect of its financial health is the reported 0% officer compensation across all available filings, which suggests a volunteer-led or very lean executive structure, potentially maximizing funds for programmatic activities. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is limited.
Transparency is generally good given the consistent filing history. The absence of officer compensation is a notable positive indicator for donor confidence. To further enhance transparency, a more granular breakdown of expenses beyond total expenses would be beneficial for stakeholders to understand how funds are allocated across different functions.