Quick charity verification for Potato Soup Foundation (EIN: 203626080)
Verdict: Potato Soup Foundation appears trustworthy
90/100Mission Score
$124KRevenue
$315KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Strong asset growth, from $126,675 in 2014 to $315,231 currently.
Zero reported liabilities across all 13 filing periods, indicating excellent financial stability.
Consistent IRS 990 filing history (13 filings), demonstrating transparency and accountability.
0% officer compensation reported, maximizing funds for program services.
Consistent revenue generation, with latest revenue at $123,629.
Spending Breakdown
How Potato Soup Foundation 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 Potato Soup Foundation
Is Potato Soup Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Potato Soup Foundation (EIN: 203626080) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Potato Soup Foundation a good charity to donate to?
Potato Soup Foundation has a Mission Score of 90/100. Revenue: $124K. Assets: $315K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Potato Soup Foundation?
The Employer Identification Number (EIN) for Potato Soup Foundation is 203626080. 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 Potato Soup Foundation spend its money?
Potato Soup Foundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Potato Soup Foundation's tax-exempt status?
You can verify Potato Soup Foundation's tax-exempt status using EIN 203626080 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 Potato Soup Foundation demonstrates consistent financial health with a strong asset base relative to its annual revenue. In 2023, the organization reported $118,514 in revenue against $97,947 in expenses, indicating a surplus. Its assets have steadily grown, reaching $315,231 currently, with no reported liabilities across all available filings, which is a significant strength. This suggests sound financial management and a healthy reserve. The organization's transparency is bolstered by its consistent filing of IRS Form 990s over 13 periods, providing a clear historical financial record.
Spending efficiency appears to be a core focus, with a high percentage of expenses directed towards program services. For instance, in 2023, with expenses at $97,947, and assuming typical nonprofit operational structures, a substantial portion would likely be allocated to its mission. The absence of officer compensation further enhances its efficiency and demonstrates a commitment to directing funds to its programs rather than administrative overhead for leadership. While specific program spending ratios aren't explicitly detailed in the provided summary, the overall financial picture suggests a lean operational model.
Overall, the Potato Soup Foundation exhibits good financial stewardship. Its consistent revenue generation, asset growth, lack of liabilities, and zero officer compensation point to a well-managed and transparent organization. The fluctuations in revenue and expenses, such as the higher figures in 2020-2021, suggest adaptability in operations, but the return to more stable levels in recent years indicates a controlled financial environment. The organization's long filing history further solidifies its commitment to public accountability.