Is Parents Families And Friends Of Lesbians And Gays Inc Legit?
Quick charity verification for Parents Families And Friends Of Lesbians And Gays Inc (EIN: 201043440)
Verdict: Parents Families And Friends Of Lesbians And Gays Inc appears trustworthy
85/100Mission Score
$0Revenue
$0Assets
0Red Flags
4Strengths
No red flags identified.
Strengths
Strong financial health with revenue exceeding expenses in the latest filing ($6,850 revenue vs. $2,250 expenses in 201809).
Zero officer compensation reported in both filings, indicating volunteer leadership and efficient use of funds.
No liabilities reported in either filing, demonstrating financial stability.
Significant growth in assets from $2,677 in 2010 to $8,064 in 2018.
Spending Breakdown
How Parents Families And Friends Of Lesbians And Gays Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
10%
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 Parents Families And Friends Of Lesbians And Gays Inc
Is Parents Families And Friends Of Lesbians And Gays Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Parents Families And Friends Of Lesbians And Gays Inc (EIN: 201043440) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
Is Parents Families And Friends Of Lesbians And Gays Inc a good charity to donate to?
Parents Families And Friends Of Lesbians And Gays Inc has a Mission Score of 85/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Parents Families And Friends Of Lesbians And Gays Inc?
The Employer Identification Number (EIN) for Parents Families And Friends Of Lesbians And Gays Inc is 201043440. 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 Parents Families And Friends Of Lesbians And Gays Inc spend its money?
Parents Families And Friends Of Lesbians And Gays Inc allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Parents Families And Friends Of Lesbians And Gays Inc's tax-exempt status?
You can verify Parents Families And Friends Of Lesbians And Gays Inc's tax-exempt status using EIN 201043440 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
Parents Families And Friends Of Lesbians And Gays Inc appears to be a very small, volunteer-run organization based on its financial filings. In its most recent filing (201809), the organization reported $6,850 in revenue and $2,250 in expenses, with $8,064 in assets and no liabilities. This indicates a healthy financial position with more revenue than expenses. The organization has consistently reported 0% officer compensation in both available filings, suggesting a strong commitment to directing funds towards its mission rather than executive salaries. The lack of detailed expense breakdowns in the provided data makes a precise assessment of spending efficiency challenging, but the overall low expense figures suggest a lean operation.
The organization's financial activity has fluctuated, with a significant increase in revenue and assets between the 201009 and 201809 periods. Despite the growth, it remains a modest operation. The absence of liabilities is a positive indicator of financial stability. Without more detailed expense categories, it's difficult to fully evaluate program spending versus administrative or fundraising costs. However, the consistent reporting of zero officer compensation points to a transparent approach regarding leadership remuneration.