Is Richard H And Viola B Thorp Charitable Tr Foundation Legit?
Quick charity verification for Richard H And Viola B Thorp Charitable Tr Foundation (EIN: 206148240)
Verdict: Richard H And Viola B Thorp Charitable Tr Foundation appears trustworthy
70/100Mission Score
$602KRevenue
$1Assets
2Red Flags
3Strengths
Red Flags
Latest reported assets of $1 are highly inconsistent with historical multi-million dollar assets, raising significant questions about financial reporting or status.
Lack of detailed expense breakdown makes it difficult to ascertain the exact program spending ratio and administrative efficiency.
Strengths
Consistent revenue generation, with the latest reported revenue at $601,543.
No reported officer compensation across all filings, indicating low executive overhead.
Consistent history of IRS 990 filings, demonstrating a commitment to transparency over time.
Spending Breakdown
How Richard H And Viola B Thorp Charitable Tr 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 Richard H And Viola B Thorp Charitable Tr Foundation
Is Richard H And Viola B Thorp Charitable Tr Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Richard H And Viola B Thorp Charitable Tr Foundation (EIN: 206148240) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
Is Richard H And Viola B Thorp Charitable Tr Foundation a good charity to donate to?
Richard H And Viola B Thorp Charitable Tr Foundation has a Mission Score of 70/100. Revenue: $602K. Assets: $1. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Richard H And Viola B Thorp Charitable Tr Foundation?
The Employer Identification Number (EIN) for Richard H And Viola B Thorp Charitable Tr Foundation is 206148240. 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 Richard H And Viola B Thorp Charitable Tr Foundation spend its money?
Richard H And Viola B Thorp Charitable Tr Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Richard H And Viola B Thorp Charitable Tr Foundation's tax-exempt status?
You can verify Richard H And Viola B Thorp Charitable Tr Foundation's tax-exempt status using EIN 206148240 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 Richard H And Viola B Thorp Charitable Tr Foundation appears to be a grant-making foundation, as indicated by its NTEE code T20 (Private Grantmaking Foundations). Its financial health, based on the provided data, shows consistent revenue generation, with the latest reported revenue at $601,543. However, a significant red flag is the reported asset value of $1 in the latest filing, which is highly unusual for a foundation that has historically held assets in the multi-million dollar range (e.g., $4,322,052 in 2015). This discrepancy warrants further investigation as it could indicate a data entry error, a significant asset transfer, or a change in reporting structure.
Spending efficiency is difficult to fully assess without a detailed breakdown of expenses beyond total expenses. However, the foundation consistently incurs expenses in the range of $323,603 to $359,174 annually, while revenue fluctuates significantly. The absence of reported officer compensation across all filings suggests a lean administrative structure, at least in terms of paid executive leadership. The primary function of such a foundation would be to distribute grants, and the efficiency would largely depend on the ratio of grants paid out to administrative overhead.
Transparency is generally good given the availability of 990 filings. However, the $1 asset figure in the latest filing is a major point of concern for transparency and understanding the organization's true financial standing. Without clarification on this specific data point, a complete and accurate assessment of its financial health and operational capacity is challenging. The consistent lack of officer compensation is a positive indicator for donor confidence regarding executive pay.