Quick charity verification for Tee & Charles Addams Foundation (EIN: 113506582)
Verdict: Tee & Charles Addams Foundation appears trustworthy
95/100Mission Score
$2.5MRevenue
$18.7MAssets
1Red Flags
5Strengths
Red Flags
Lack of detailed program vs. administrative vs. fundraising expense breakdown in provided data (though 0% officer comp is a strong positive)
Strengths
Consistent 0% officer compensation reported across all filings, indicating high efficiency and dedication to mission.
Significant and consistent asset growth, from $10.1 million in 2011 to $18.7 million currently.
Expenses consistently managed below revenue in most recent periods, leading to financial surpluses.
Strong financial stability with negligible liabilities in the latest filing ($1 in 202312).
Long history of consistent IRS 990 filings, demonstrating transparency.
Spending Breakdown
How Tee & Charles Addams 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 Tee & Charles Addams Foundation
Is Tee & Charles Addams Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Tee & Charles Addams Foundation (EIN: 113506582) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
Is Tee & Charles Addams Foundation a good charity to donate to?
Tee & Charles Addams Foundation has a Mission Score of 95/100. Revenue: $2.5M. Assets: $18.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Tee & Charles Addams Foundation?
The Employer Identification Number (EIN) for Tee & Charles Addams Foundation is 113506582. 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 Tee & Charles Addams Foundation spend its money?
Tee & Charles Addams Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Tee & Charles Addams Foundation's tax-exempt status?
You can verify Tee & Charles Addams Foundation's tax-exempt status using EIN 113506582 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 Tee & Charles Addams Foundation demonstrates strong financial health and a consistent commitment to its mission, as evidenced by its IRS 990 filings. The organization has shown significant asset growth, from approximately $10 million in 2011 to over $18.7 million currently, indicating effective asset management and investment. Revenue has fluctuated but generally trended upwards, with the latest reported revenue at $2,535,779, and expenses consistently managed below revenue in most recent periods, such as $1,047,260 in expenses against $1,786,167 in revenue for 202312. This suggests a healthy financial surplus and capacity for future programming.
The foundation's spending efficiency appears robust, particularly given the consistent reporting of 0% officer compensation across all available filings. This indicates that a very high proportion of its expenditures are likely directed towards program services and operational costs rather than executive salaries. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the absence of executive compensation is a strong positive indicator for efficiency and donor trust. The organization's transparency is commendable through its consistent filing of IRS Form 990s over a decade, providing a clear historical financial record.
Overall, the Tee & Charles Addams Foundation appears to be a financially sound and well-managed organization. Its substantial and growing asset base, coupled with responsible expense management and a clear commitment to avoiding executive compensation, positions it as a highly efficient and transparent entity. The consistent financial reporting further enhances its credibility and allows for clear oversight of its operations.