Quick charity verification for Omidyar Network Fund Inc (EIN: 201173866)
Verdict: Omidyar Network Fund Inc appears trustworthy
85/100Mission Score
$112.3MRevenue
$382.5MAssets
2Red Flags
3Strengths
Red Flags
Consistent reporting of 0% officer compensation for an organization of this size, which may obscure how executive leadership is compensated or funded.
Frequent and significant disparity between annual revenue and expenses, indicating a reliance on asset drawdowns that, while sustainable with current assets, could be a concern if assets diminish significantly.
Strengths
Substantial asset base ($382,487,320 latest) providing long-term financial stability.
Consistent reporting of 0% officer compensation, suggesting a strong commitment to directing funds towards programmatic activities.
Long filing history (10 filings) indicating consistent compliance and transparency in reporting.
Spending Breakdown
How Omidyar Network Fund Inc 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 Omidyar Network Fund Inc
Is Omidyar Network Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Omidyar Network Fund Inc (EIN: 201173866) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Omidyar Network Fund Inc a good charity to donate to?
Omidyar Network Fund Inc has a Mission Score of 85/100. Revenue: $112.3M. Assets: $382.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Omidyar Network Fund Inc?
The Employer Identification Number (EIN) for Omidyar Network Fund Inc is 201173866. 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 Omidyar Network Fund Inc spend its money?
Omidyar Network Fund Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Omidyar Network Fund Inc's tax-exempt status?
You can verify Omidyar Network Fund Inc's tax-exempt status using EIN 201173866 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
Omidyar Network Fund Inc. exhibits a unique financial profile, operating with significant assets but frequently reporting expenses that exceed revenue, indicating a reliance on its substantial endowment rather than annual fundraising for its operational funding. For instance, in 2023, revenue was $5,560,652 while expenses were $28,555,210. This model is common for endowed foundations. The organization consistently reports 0% officer compensation, which is a strong indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries. However, without a detailed breakdown of program, administrative, and fundraising expenses in the provided data, a precise assessment of spending efficiency is challenging. The consistent asset base, despite fluctuating revenues and expenses, suggests sound long-term financial management.