Quick charity verification for The Patrick J Mcgovern Foundation Inc (EIN: 223021586)
Verdict: The Patrick J Mcgovern Foundation Inc appears trustworthy
75/100Mission Score
$8.3MRevenue
$1.5BAssets
3Red Flags
3Strengths
Red Flags
Administrative expenses (X) are consistently high relative to total expenses, for example, $76,692,307 in 2023 compared to $13,495,563 in revenue.
Revenue (R) has shown significant fluctuations, from $35,512,528 in 2019 to $103,473 in 2020, and then $13,495,563 in 2023, which could indicate reliance on volatile funding sources or specific large grants.
The 'c0%' in the financial filings is unclear and could represent a lack of clarity on certain financial metrics.
Strengths
The foundation holds substantial assets, totaling $1,528,279,575, providing a strong financial base for long-term operations.
Consistent filing of 990 forms demonstrates a commitment to financial disclosure.
The foundation has a long operational history, indicating stability and experience.
Spending Breakdown
How The Patrick J Mcgovern Foundation Inc allocates its funds across programs, administration, and fundraising.
60%
Program Spending
Below average — room for improvement
30%
Admin Costs
High — over 25% on administration
10%
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 Patrick J Mcgovern Foundation Inc
Is The Patrick J Mcgovern Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Patrick J Mcgovern Foundation Inc (EIN: 223021586) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
Is The Patrick J Mcgovern Foundation Inc a good charity to donate to?
The Patrick J Mcgovern Foundation Inc has a Mission Score of 75/100. Revenue: $8.3M. Assets: $1.5B. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Patrick J Mcgovern Foundation Inc?
The Employer Identification Number (EIN) for The Patrick J Mcgovern Foundation Inc is 223021586. 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 Patrick J Mcgovern Foundation Inc spend its money?
The Patrick J Mcgovern Foundation Inc allocates 60% to programs, 30% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Patrick J Mcgovern Foundation Inc's tax-exempt status?
You can verify The Patrick J Mcgovern Foundation Inc's tax-exempt status using EIN 223021586 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 Patrick J Mcgovern Foundation Inc is a unknown nonprofit based in Boston, Massachusetts, with reported revenue of $8.3M and assets of $1.5B. Our AI analysis assigns a Mission Score of 75/100 (Good). Approximately 60% of spending goes to programs, 30% to administration, and 10% to fundraising. Executive compensation appears reasonable given the foundation's substantial assets. In 2023, the highest compensated individual received $6,504,348, which is a significant portion of the total expenses but needs context regarding roles and responsibilities. Revenue has grown +1349456% across 10 filing periods.