Quick charity verification for Perkins Foundation Inc (EIN: 208523229)
Verdict: Perkins Foundation Inc appears trustworthy
85/100Mission Score
$2.0MRevenue
$2.5MAssets
3Red Flags
4Strengths
Red Flags
Expenses exceeded revenue in 2023 ($127,668 vs. $87,585), indicating a deficit for that period.
Highly fluctuating revenue year-over-year, making future financial projections less predictable.
Consistent 0% officer compensation for an organization with over $1.6M in assets could imply unstated compensation arrangements or a fully volunteer executive team, which warrants further clarity.
Strengths
Consistent asset growth from $200,000 in 2011 to $1,626,416 in 2023.
Extremely low liabilities ($1 in most years) indicating strong financial health and low debt.
Zero reported officer compensation across all filings, suggesting a strong commitment to mission-focused spending.
Strong expense control in many years, notably in 2022 where expenses were only $78,157 against $978,577 in revenue.
Spending Breakdown
How Perkins Foundation Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
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 Perkins Foundation Inc
Is Perkins Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Perkins Foundation Inc (EIN: 208523229) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
Is Perkins Foundation Inc a good charity to donate to?
Perkins Foundation Inc has a Mission Score of 85/100. Revenue: $2.0M. Assets: $2.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Perkins Foundation Inc?
The Employer Identification Number (EIN) for Perkins Foundation Inc is 208523229. 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 Foundation Inc spend its money?
Perkins Foundation Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Perkins Foundation Inc's tax-exempt status?
You can verify Perkins Foundation Inc's tax-exempt status using EIN 208523229 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
Perkins Foundation Inc. demonstrates a fluctuating financial performance over the past decade, with significant revenue spikes in 2022 ($978,577) and 2021 ($265,271), contrasting with lower figures in other years, such as $87,585 in 2023. The organization consistently reports minimal liabilities ($1 in most years), indicating a strong balance sheet and low financial risk. Assets have shown substantial growth, from $200,000 in 2011 to $1,626,416 in 2023, suggesting effective asset management and accumulation. However, the 2023 filing shows expenses ($127,668) exceeding revenue ($87,585), resulting in a deficit for that year, which warrants closer monitoring.
The organization's spending efficiency appears to be strong, as evidenced by the low expense figures relative to revenue in many periods, particularly in 2022 where $978,577 in revenue was managed with only $78,157 in expenses. The consistent reporting of 0% officer compensation across all filings indicates a commitment to directing funds towards the mission rather than executive salaries, which is a positive sign for donors. The NTEE code T20 suggests a focus on philanthropic organizations, which aligns with a foundation's role.
Transparency is generally good, with 10 years of IRS 990 filings available. The detailed financial data provided allows for a clear understanding of the organization's financial trajectory. The absence of officer compensation simplifies the analysis and suggests a volunteer-driven or very lean operational structure at the executive level. While the 2023 deficit is a point to watch, the overall trend of asset growth and low liabilities points to a financially stable and well-managed entity.