Quick charity verification for Perkins Coie Foundation (EIN: 204824430)
Verdict: Perkins Coie Foundation appears trustworthy
90/100Mission Score
$3.2MRevenue
$1.7MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent 0% officer compensation reported, indicating efficient use of funds or external support for leadership.
Zero reported liabilities across all filings, demonstrating strong financial health and minimal debt burden.
Stable and substantial asset base (e.g., $2,656,499 in 2023) providing a solid foundation for grantmaking activities.
Consistent revenue generation over a decade, showing reliable funding streams.
Role as a grantmaking foundation (NTEE T20) implies direct program impact through funding other nonprofits.
Spending Breakdown
How Perkins Coie Foundation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
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 Perkins Coie Foundation
Is Perkins Coie Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Perkins Coie Foundation (EIN: 204824430) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Perkins Coie Foundation a good charity to donate to?
Perkins Coie Foundation has a Mission Score of 90/100. Revenue: $3.2M. Assets: $1.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Perkins Coie Foundation?
The Employer Identification Number (EIN) for Perkins Coie Foundation is 204824430. 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 Perkins Coie Foundation spend its money?
Perkins Coie Foundation allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Perkins Coie Foundation's tax-exempt status?
You can verify Perkins Coie Foundation's tax-exempt status using EIN 204824430 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 Perkins Coie Foundation demonstrates consistent financial activity, with revenues generally exceeding or closely matching expenses over the past decade. For instance, in 2023, the organization reported revenues of $2,139,889 against expenses of $2,495,630, indicating a slight deficit for that year, but this follows several years of surpluses. The foundation maintains a healthy asset base, with assets consistently in the multi-million dollar range, reaching $2,656,499 in 2023. A significant positive indicator of transparency and financial health is the consistent reporting of 0% officer compensation across all available filings, suggesting that the foundation's leadership is either unpaid or compensated through other means not reported as officer compensation on the 990, which is common for corporate foundations where staff are paid by the parent company. The absence of liabilities in all reported periods further strengthens its financial stability.
The foundation's NTEE code T20 indicates it is a private grantmaking foundation, meaning its primary activity is distributing grants to other organizations. Given this structure, its 'program spending' would largely consist of these grants. Without a detailed breakdown of expenses beyond total expenses, it's challenging to precisely assess spending efficiency in terms of administrative versus program costs. However, the consistent revenue and asset levels, coupled with no reported liabilities and 0% officer compensation, suggest a well-managed and transparent operation for a grantmaking entity. The slight fluctuations in revenue and expenses are typical for foundations of this size, and the overall trend indicates a stable financial position.
Overall, the Perkins Coie Foundation appears to be a financially sound and transparent organization, particularly due to its consistent reporting of no officer compensation and zero liabilities. Its role as a grantmaking foundation means its impact is primarily through funding other nonprofits, and its financial stability ensures its continued capacity to do so. The consistent asset base provides a strong foundation for future grantmaking activities.