Quick charity verification for Perkin Fund (EIN: 136222498)
Verdict: Perkin Fund appears trustworthy
95/100Mission Score
$6.7MRevenue
$32.1MAssets
1Red Flags
4Strengths
Red Flags
Fluctuating revenue, including negative revenue in 2014, could indicate reliance on volatile investment income or inconsistent fundraising.
Strengths
Consistently reported 0% officer compensation, indicating high efficiency and dedication.
Strong and growing asset base, currently at $32,114,300, providing financial stability.
Minimal liabilities, often reported as $0 or $1, demonstrating excellent financial health.
Consistent expense management, generally keeping annual expenses within a stable range despite revenue fluctuations.
AI Transparency Report
The Perkin Fund demonstrates consistent financial stability with substantial assets, peaking at $33,022,689 in 2021. While revenue has fluctuated, including a negative revenue period in 2014, the organization has maintained a strong asset base. The fund's expenses have remained relatively stable, generally ranging between $1.3 million and $1.7 million annually, with a notable exception in 2011 at $2.2 million. A key aspect of its financial health is the complete absence of officer compensation reported across all available filings, indicating a volunteer-led or very lean executive structure. This suggests a high degree of spending efficiency in terms of administrative overhead related to executive salaries. The organization's liabilities have consistently been minimal, often reported as $0 or $1, further underscoring its robust financial position and low financial risk. The consistent reporting of zero officer compensation also points to a high level of transparency regarding executive remuneration.