Is The Eugene C Armstrong Family Foundation Inc Legit?
Quick charity verification for The Eugene C Armstrong Family Foundation Inc (EIN: 203970918)
Verdict: The Eugene C Armstrong Family Foundation Inc appears trustworthy
80/100Mission Score
$359KRevenue
$6.4MAssets
2Red Flags
4Strengths
Red Flags
Consistent deficit spending: Expenses have exceeded revenue in recent years (e.g., $493,050 expenses vs. $370,367 revenue in 202312), leading to asset depletion.
Significant asset decline: Assets have decreased by over $3 million from $9,531,059 in 201912 to $6,547,720 in 202312.
Strengths
Zero officer compensation: The organization consistently reports 0% officer compensation, indicating efficient use of funds not directed towards executive salaries.
Substantial asset base: Despite recent declines, the foundation maintains a significant asset base of $6,547,720 (202312), providing financial stability.
Consistent IRS 990 filing history: A long history of 10 filings demonstrates good compliance with reporting requirements.
Minimal liabilities: The foundation consistently reports very low liabilities (e.g., $1 in 202312), indicating sound financial management regarding debt.
Spending Breakdown
How The Eugene C Armstrong Family Foundation Inc 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 The Eugene C Armstrong Family Foundation Inc
Is The Eugene C Armstrong Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Eugene C Armstrong Family Foundation Inc (EIN: 203970918) appears trustworthy. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.
Is The Eugene C Armstrong Family Foundation Inc a good charity to donate to?
The Eugene C Armstrong Family Foundation Inc has a Mission Score of 80/100. Revenue: $359K. Assets: $6.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Eugene C Armstrong Family Foundation Inc?
The Employer Identification Number (EIN) for The Eugene C Armstrong Family Foundation Inc is 203970918. 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 Eugene C Armstrong Family Foundation Inc spend its money?
The Eugene C Armstrong Family Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Eugene C Armstrong Family Foundation Inc's tax-exempt status?
You can verify The Eugene C Armstrong Family Foundation Inc's tax-exempt status using EIN 203970918 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 Eugene C Armstrong Family Foundation Inc operates as a private foundation, as indicated by its NTEE code T22. Its financial health shows a consistent pattern of expenses exceeding revenue in recent years, with the latest filing (202312) reporting expenses of $493,050 against revenue of $370,367. This trend has led to a gradual decrease in assets from a peak of $9,531,059 in 201912 to $6,547,720 in 202312. While the foundation maintains substantial assets, this deficit spending is a notable trend. The organization consistently reports zero officer compensation, which is a positive indicator for donor confidence regarding executive pay.
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 private foundation, its primary function is typically grant-making, and the absence of officer compensation suggests that a significant portion of its operational costs are not directed towards executive salaries. The consistent reporting of minimal liabilities across most years also points to sound financial management in terms of debt.
Transparency is generally good given the availability of 990 filings. The consistent reporting of zero officer compensation is a strong point for transparency regarding executive pay. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a complete picture of spending efficiency and program focus remains somewhat opaque from the provided summary data. The foundation's consistent filing history demonstrates adherence to IRS reporting requirements.