Quick charity verification for Quilts Of Valor Foundation (EIN: 202474691)
Verdict: Quilts Of Valor Foundation appears trustworthy
95/100Mission Score
$2.2MRevenue
$1.9MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent and significant revenue growth, from $281,920 in 2014 to $1,713,162 in 2023.
Zero reported officer compensation across all filings, indicating a highly efficient, volunteer-driven leadership.
Healthy and growing asset base, increasing from $158,628 in 2014 to $1,663,795 in 2023.
Expenses consistently lower than revenue, allowing for asset accumulation and financial stability.
Low liabilities relative to assets and revenue, suggesting prudent financial management.
Spending Breakdown
How Quilts Of Valor Foundation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Quilts Of Valor Foundation
Is Quilts Of Valor Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Quilts Of Valor Foundation (EIN: 202474691) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Quilts Of Valor Foundation a good charity to donate to?
Quilts Of Valor Foundation has a Mission Score of 95/100. Revenue: $2.2M. Assets: $1.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Quilts Of Valor Foundation?
The Employer Identification Number (EIN) for Quilts Of Valor Foundation is 202474691. 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 Quilts Of Valor Foundation spend its money?
Quilts Of Valor Foundation allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Quilts Of Valor Foundation's tax-exempt status?
You can verify Quilts Of Valor Foundation's tax-exempt status using EIN 202474691 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 Quilts Of Valor Foundation demonstrates strong financial health and consistent growth over the past decade. Revenue has steadily increased from $281,920 in 2014 to $1,713,162 in 2023, indicating growing support for its mission. The organization maintains a healthy asset base, growing from $158,628 in 2014 to $1,663,795 in 2023, which provides financial stability. Liabilities have remained relatively low, suggesting prudent financial management.
Spending efficiency appears to be a core strength, with expenses consistently lower than revenue, allowing for asset accumulation. The absence of officer compensation reported across all filings is a significant indicator of efficiency and a volunteer-driven leadership model, which directly contributes to more funds being available for program services. This practice enhances donor confidence and reflects a commitment to maximizing impact.
Transparency is high, particularly given the consistent reporting of zero officer compensation. This level of detail in their IRS 990 filings, coupled with a clear financial trajectory, suggests an organization that is open about its financial operations and dedicated to its mission without excessive administrative overhead. The consistent growth in revenue and assets, alongside low liabilities, paints a picture of a well-managed and financially sound nonprofit.