Is Noonan Foundation Legit?

Quick charity verification for Noonan Foundation (EIN: 205508805)

Verdict: Noonan Foundation appears trustworthy

75/100Mission Score
$293KRevenue
$6.1MAssets
2Red Flags
4Strengths

Red Flags

Strengths

Spending Breakdown

How Noonan Foundation allocates its funds across programs, administration, and fundraising.

80%
Program Spending
Healthy — majority goes to mission
15%
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 Noonan Foundation

Is Noonan Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Noonan Foundation (EIN: 205508805) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.

Is Noonan Foundation a good charity to donate to?

Noonan Foundation has a Mission Score of 75/100. Revenue: $293K. Assets: $6.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Noonan Foundation?

The Employer Identification Number (EIN) for Noonan Foundation is 205508805. 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 Noonan Foundation spend its money?

Noonan Foundation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Noonan Foundation's tax-exempt status?

You can verify Noonan Foundation's tax-exempt status using EIN 205508805 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 Noonan Foundation demonstrates consistent financial activity over the past decade, with revenues fluctuating but generally staying within the $200,000 to $600,000 range. In the most recent filing (202309), the organization reported revenues of $300,185 against expenses of $409,439, indicating a deficit for that period. This trend of expenses exceeding revenue is not uncommon for foundations that distribute grants or manage endowments, but it's worth noting that this has occurred in several periods, including 2023, 2020, 2015, 2013, 2012, and 2011. The foundation maintains substantial assets, reported at $6,313,520 in 2023, which suggests a strong financial base despite periodic operational deficits. Liabilities have generally remained low, with a notable exception in 2023 at $4,874, which is still a small fraction of total assets. The organization's financial health appears stable due to its significant asset base, which can absorb operational fluctuations. The consistent reporting of zero officer compensation across all available filings indicates a high degree of volunteer leadership or that compensation is handled through other means not reported in this section, which is a positive sign for donor confidence regarding administrative overhead. However, without a detailed breakdown of expenses (program, administrative, fundraising), it's challenging to fully assess spending efficiency. The consistent filing history over nine periods demonstrates a commitment to transparency in reporting to the IRS. Overall, the Noonan Foundation appears to be a well-established entity with a solid asset foundation. While it experiences periods where expenses outpace revenue, its substantial assets provide a buffer. The lack of reported officer compensation is a strong positive for efficiency and transparency. A deeper dive into the functional expense breakdown would provide a more complete picture of its spending efficiency.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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