Quick charity verification for Ray C Mckinley Family Foundation (EIN: 205604435)
Verdict: Ray C Mckinley Family Foundation appears trustworthy
75/100Mission Score
$2.1MRevenue
$4.4MAssets
2Red Flags
4Strengths
Red Flags
Consistent deficit spending (expenses exceeding revenue) in recent years (2020-2023), drawing down assets.
Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided summary data makes full efficiency assessment difficult.
Strengths
Substantial asset base (over $4 million in recent years) provides financial stability.
No reported officer compensation, indicating low executive overhead.
Consistent IRS 990 filing history demonstrates transparency and compliance.
Very low liabilities ($1 in recent years) indicates minimal debt burden.
Spending Breakdown
How Ray C Mckinley Family Foundation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Ray C Mckinley Family Foundation
Is Ray C Mckinley Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Ray C Mckinley Family Foundation (EIN: 205604435) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Ray C Mckinley Family Foundation a good charity to donate to?
Ray C Mckinley Family Foundation has a Mission Score of 75/100. Revenue: $2.1M. Assets: $4.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Ray C Mckinley Family Foundation?
The Employer Identification Number (EIN) for Ray C Mckinley Family Foundation is 205604435. 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 Ray C Mckinley Family Foundation spend its money?
Ray C Mckinley Family Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Ray C Mckinley Family Foundation's tax-exempt status?
You can verify Ray C Mckinley Family Foundation's tax-exempt status using EIN 205604435 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 Ray C McKinley Family Foundation primarily operates as a grant-making organization, as indicated by its NTEE code T90. Its financial health appears stable, with assets consistently over $4 million in recent years, peaking at $4,453,732 in 2019. However, the foundation has consistently spent more than it has brought in through revenue in the last four reported periods (2020-2023), drawing down its assets. For example, in 2023, revenue was $219,413 while expenses were $271,508. This trend suggests the foundation is spending from its endowment or accumulated funds rather than relying solely on annual contributions.
Spending efficiency is difficult to fully assess without a detailed breakdown of program service expenses versus administrative and fundraising costs, which are not provided in the summary data. However, as a family foundation, it's common for administrative overhead to be relatively low, especially with no reported officer compensation. The consistent liabilities of $1 in recent years suggest minimal financial obligations outside of its core grant-making activities. The foundation's transparency is generally good, with 10 years of IRS 990 filings available, indicating compliance with reporting requirements.
Overall, while the foundation is drawing down assets in recent years, its substantial asset base provides a buffer. The lack of officer compensation is a positive indicator of efficient use of funds, assuming program activities are robust. Further analysis of detailed expense categories would be needed to fully evaluate spending efficiency.