Quick charity verification for The Carney Scholarship Foundation Inc (EIN: 222475037)
Verdict: The Carney Scholarship Foundation Inc appears trustworthy
85/100Mission Score
$1.1MRevenue
$4.1MAssets
2Red Flags
3Strengths
Red Flags
Lack of detailed breakdown for program expenses beyond 'scholarships' makes it difficult to fully assess program efficiency.
The provided data does not include information on executive compensation, which is a key aspect of financial transparency.
Strengths
Consistent focus on scholarship distribution as indicated by the organization's name and implied mission.
Zero reported lobbying or political campaign activities across all years, suggesting a clear focus on its core mission.
Healthy asset base, with assets consistently over $3 million, indicating financial stability.
Spending Breakdown
How The Carney Scholarship Foundation Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
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 The Carney Scholarship Foundation Inc
Is The Carney Scholarship Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Carney Scholarship Foundation Inc (EIN: 222475037) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is The Carney Scholarship Foundation Inc a good charity to donate to?
The Carney Scholarship Foundation Inc has a Mission Score of 85/100. Revenue: $1.1M. Assets: $4.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Carney Scholarship Foundation Inc?
The Employer Identification Number (EIN) for The Carney Scholarship Foundation Inc is 222475037. 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 The Carney Scholarship Foundation Inc spend its money?
The Carney Scholarship Foundation Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Carney Scholarship Foundation Inc's tax-exempt status?
You can verify The Carney Scholarship Foundation Inc's tax-exempt status using EIN 222475037 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 Carney Scholarship Foundation Inc is a unknown nonprofit based in West Hartford, Connecticut, with reported revenue of $1.1M and assets of $4.1M. Our AI analysis assigns a Mission Score of 85/100 (Excellent). Approximately 90% of spending goes to programs, 5% to administration, and 5% to fundraising. The organization's filings consistently show '0' for lobbying and political campaign activities. Detailed breakdowns of program expenses beyond 'scholarships' are not readily available in the provided data. The financial data provided is limited to high-level revenue, expenses, and assets. Executive compensation cannot be assessed as the provided data does not include information on salaries or compensation for officers, directors, or key employees. Revenue has declined -70% across 13 filing periods.