Quick charity verification for Queens College Foundation Inc (EIN: 116080521)
Verdict: Queens College Foundation Inc appears trustworthy
85/100Mission Score
$109.7MRevenue
$113.4MAssets
1Red Flags
4Strengths
Red Flags
NTEE Code is unknown, limiting direct comparison to peer organizations.
Strengths
Consistent asset growth, from $58.5 million in 2014 to $102.8 million in 2023, demonstrating strong financial management.
No reported officer compensation across all available filings, indicating efficient use of funds.
Expenses consistently lower than revenue, allowing for healthy surplus and asset accumulation.
Strong financial reserves with assets significantly exceeding liabilities (e.g., $102.8M assets vs. $631K liabilities in 2023).
Spending Breakdown
How Queens College Foundation Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Queens College Foundation Inc
Is Queens College Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Queens College Foundation Inc (EIN: 116080521) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Queens College Foundation Inc a good charity to donate to?
Queens College Foundation Inc has a Mission Score of 85/100. Revenue: $109.7M. Assets: $113.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Queens College Foundation Inc?
The Employer Identification Number (EIN) for Queens College Foundation Inc is 116080521. 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 Queens College Foundation Inc spend its money?
Queens College Foundation Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Queens College Foundation Inc's tax-exempt status?
You can verify Queens College Foundation Inc's tax-exempt status using EIN 116080521 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 Queens College Foundation Inc. demonstrates consistent financial health, with assets growing from $58.5 million in 2014 to over $102.8 million in 2023. The organization consistently spends less than its revenue, allowing for asset accumulation. For instance, in 2023, revenue was $12.5 million against expenses of $10.8 million, indicating a surplus. The foundation's primary role appears to be supporting Queens College, and its spending efficiency can be inferred from its ability to maintain and grow its endowment while disbursing funds for its programmatic goals.
While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the consistent growth in assets and the absence of reported officer compensation suggest a focus on its mission. The organization's financial stability is a strong indicator of its capacity to fulfill its purpose. However, without detailed expense categorization, a precise assessment of spending efficiency across different functions is limited.
Overall, the Queens College Foundation Inc. appears to be a financially stable and well-managed entity, effectively growing its resources to support its educational mission. The lack of reported officer compensation is a positive sign regarding resource allocation, though a more granular breakdown of expenses would enhance transparency.