Is The Mike And Susan Burkhart Foundation Inc Legit?
Quick charity verification for The Mike And Susan Burkhart Foundation Inc (EIN: 202372810)
Verdict: The Mike And Susan Burkhart Foundation Inc appears trustworthy
75/100Mission Score
$348KRevenue
$1.5MAssets
2Red Flags
4Strengths
Red Flags
Consistent decline in assets due to expenses exceeding revenue over a decade, indicating a spend-down model without clear replenishment.
Lack of detailed expense breakdown (program vs. admin) in the provided summary data makes it difficult to fully assess spending efficiency beyond officer compensation.
Strengths
Consistent IRS 990 filing history demonstrates good transparency and compliance.
Zero reported officer compensation indicates highly efficient use of funds at the executive level.
Minimal liabilities ($1 reported consistently) suggests a very stable and debt-free financial position.
Long-standing operation (over a decade of filings) indicates established presence and commitment to its mission.
Spending Breakdown
How The Mike And Susan Burkhart 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 Mike And Susan Burkhart Foundation Inc
Is The Mike And Susan Burkhart Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Mike And Susan Burkhart Foundation Inc (EIN: 202372810) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is The Mike And Susan Burkhart Foundation Inc a good charity to donate to?
The Mike And Susan Burkhart Foundation Inc has a Mission Score of 75/100. Revenue: $348K. Assets: $1.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Mike And Susan Burkhart Foundation Inc?
The Employer Identification Number (EIN) for The Mike And Susan Burkhart Foundation Inc is 202372810. 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 Mike And Susan Burkhart Foundation Inc spend its money?
The Mike And Susan Burkhart 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 Mike And Susan Burkhart Foundation Inc's tax-exempt status?
You can verify The Mike And Susan Burkhart Foundation Inc's tax-exempt status using EIN 202372810 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 Mike And Susan Burkhart Foundation Inc appears to be a private foundation primarily focused on grantmaking, as indicated by its NTEE code T22 (Private Grantmaking Foundations). Over the past decade, the foundation has consistently operated with expenses exceeding its revenue, leading to a gradual decline in its asset base from $2,639,374 in 2011 to $1,632,556 in 2023. This trend suggests that the foundation is spending down its endowment to fulfill its mission. The consistent reporting of $1 in liabilities across all filings indicates a very stable financial position with minimal debt.
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, the absence of officer compensation reported across all periods is a positive indicator of efficient use of funds, as it suggests that leadership may be unpaid or compensated through other means not captured as officer compensation. Transparency is generally good given the consistent filing of IRS Form 990s over a long period.
The foundation's financial health, while showing a declining asset base due to spending down, is stable in terms of liabilities. Its ability to continue its grantmaking activities will depend on the rate of asset depletion and any future revenue streams. The latest revenue of $87,015 against expenses of $257,276 in 2023 continues the pattern of spending more than it takes in, which is typical for foundations in a spend-down phase.