Is The Charles And Joanne Mcilwaine Foundation Legit?
Quick charity verification for The Charles And Joanne Mcilwaine Foundation (EIN: 207163272)
Verdict: The Charles And Joanne Mcilwaine Foundation appears trustworthy
80/100Mission Score
$229KRevenue
$3.6MAssets
1Red Flags
3Strengths
Red Flags
Consistent pattern of expenses exceeding revenue in multiple years (e.g., 2023, 2021, 2020), which could indicate reliance on asset drawdowns.
Strengths
Consistent reporting of 0% officer compensation, indicating efficient use of funds for leadership.
Maintains substantial assets ($3,599,939 latest) relative to its annual revenue and expenses, providing a strong financial base.
Long filing history (10 filings) demonstrates consistent operation and transparency over time.
Spending Breakdown
How The Charles And Joanne Mcilwaine Foundation allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Charles And Joanne Mcilwaine Foundation
Is The Charles And Joanne Mcilwaine Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Charles And Joanne Mcilwaine Foundation (EIN: 207163272) appears trustworthy. Mission Score: 80/100. 1 red flag identified, 3 strengths noted.
Is The Charles And Joanne Mcilwaine Foundation a good charity to donate to?
The Charles And Joanne Mcilwaine Foundation has a Mission Score of 80/100. Revenue: $229K. Assets: $3.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Charles And Joanne Mcilwaine Foundation?
The Employer Identification Number (EIN) for The Charles And Joanne Mcilwaine Foundation is 207163272. 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 Charles And Joanne Mcilwaine Foundation spend its money?
The Charles And Joanne Mcilwaine Foundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Charles And Joanne Mcilwaine Foundation's tax-exempt status?
You can verify The Charles And Joanne Mcilwaine Foundation's tax-exempt status using EIN 207163272 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 Charles And Joanne Mcilwaine Foundation, a private foundation, exhibits consistent financial activity over the past decade, with revenues and expenses generally in the range of $200,000 to $300,000 annually. The organization's assets have fluctuated, reaching a high of $3,296,284 in 2021 and currently standing at $3,599,939. A notable characteristic is the consistent reporting of 0% officer compensation across all available filings, which suggests a volunteer-led or minimally compensated leadership structure, contributing positively to spending efficiency. However, the foundation has frequently reported expenses exceeding revenue, as seen in 2023 ($307,415 expenses vs. $269,685 revenue) and 2021 ($341,388 expenses vs. $241,651 revenue), indicating reliance on prior year surpluses or asset drawdowns to cover operational costs. This pattern, while not uncommon for foundations distributing grants, warrants attention to ensure long-term sustainability and consistent grantmaking capacity.