Is The Toy Foundation Inc Legit?

Strengths

Consistently high program spending ratio (e.g., 88% in 2023), indicating efficient use of funds for its mission.
Zero officer compensation reported across all filings, demonstrating strong commitment to mission-focused spending.
Consistent filing of IRS Form 990s over 14 periods, indicating strong transparency.
Healthy asset base relative to liabilities, suggesting financial stability.
Effective management of expenses to maintain program focus despite revenue fluctuations.

Spending Breakdown

How The Toy Foundation Inc allocates its funds across programs, administration, and fundraising.

88%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

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 Toy Foundation Inc

Is The Toy Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, The Toy Foundation Inc (EIN: 136161457) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.

Is The Toy Foundation Inc a good charity to donate to?

The Toy Foundation Inc has a Mission Score of 92/100. Revenue: $37.3M. Assets: $4.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for The Toy Foundation Inc?

The Employer Identification Number (EIN) for The Toy Foundation Inc is 136161457. 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 Toy Foundation Inc spend its money?

The Toy Foundation Inc allocates 88% to programs, 7% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify The Toy Foundation Inc's tax-exempt status?

You can verify The Toy Foundation Inc's tax-exempt status using EIN 136161457 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 Toy Foundation Inc. demonstrates a strong commitment to its program services, with a significant portion of its expenses consistently directed towards its mission. For instance, in 2023, 88% of its expenses were allocated to program services, indicating efficient use of funds for its charitable purpose. The organization also exhibits good financial transparency, as evidenced by its consistent filing of IRS Form 990s over 14 periods, with detailed financial information readily available. While there have been fluctuations in revenue and expenses over the years, the organization generally operates with a healthy asset base relative to its liabilities, suggesting financial stability. The absence of officer compensation further enhances its transparency and dedication to mission-focused spending.

However, the organization's financial health shows some volatility, with revenue and expenses fluctuating significantly year-over-year. For example, revenue dropped from $48,806,113 in 2020 to $3,389,755 in 2021, then rebounded to $11,749,554 in 2022 before decreasing to $6,925,131 in 2023. This variability could pose challenges for long-term financial planning and consistent program delivery if not managed effectively. Despite these fluctuations, the organization has consistently maintained a positive asset balance, indicating prudent financial management. The consistent program spending ratio, even amidst revenue changes, suggests a resilient operational model focused on its core mission.

Verdict: The Toy Foundation Inc appears trustworthy

Red Flags