Is The William A And Genevieve H Strong Foundation Tr Legit?
Quick charity verification for The William A And Genevieve H Strong Foundation Tr (EIN: 206045536)
Verdict: The William A And Genevieve H Strong Foundation Tr appears trustworthy
85/100Mission Score
$721KRevenue
$1.8MAssets
1Red Flags
4Strengths
Red Flags
Revenue volatility: Revenue has fluctuated significantly, from $43,769 in 2020 to $339,156 in 2022, which could impact consistent grantmaking capacity if not managed by asset income.
Strengths
Zero officer compensation: The foundation consistently reports 0% officer compensation, indicating highly efficient use of funds for its mission.
Strong asset base: The foundation maintains a substantial asset base, consistently above $1.7 million, providing long-term financial stability.
No liabilities: The organization consistently reports $0 in liabilities, indicating strong financial health and responsible management.
Consistent filing history: 13 available filings demonstrate a commitment to transparency and regulatory compliance.
Spending Breakdown
How The William A And Genevieve H Strong Foundation Tr 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 William A And Genevieve H Strong Foundation Tr
Is The William A And Genevieve H Strong Foundation Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, The William A And Genevieve H Strong Foundation Tr (EIN: 206045536) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is The William A And Genevieve H Strong Foundation Tr a good charity to donate to?
The William A And Genevieve H Strong Foundation Tr has a Mission Score of 85/100. Revenue: $721K. Assets: $1.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The William A And Genevieve H Strong Foundation Tr?
The Employer Identification Number (EIN) for The William A And Genevieve H Strong Foundation Tr is 206045536. 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 William A And Genevieve H Strong Foundation Tr spend its money?
The William A And Genevieve H Strong Foundation Tr allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The William A And Genevieve H Strong Foundation Tr's tax-exempt status?
You can verify The William A And Genevieve H Strong Foundation Tr's tax-exempt status using EIN 206045536 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 William A And Genevieve H Strong Foundation Tr appears to be a private foundation, as indicated by its consistent revenue streams and asset base, and its NTEE code T113 (Private Grantmaking Foundations). The foundation demonstrates strong financial health with substantial assets relative to its annual expenses. For instance, in 2023, with expenses of $232,845, its assets stood at $1,942,869, providing a significant cushion for future grantmaking. The foundation consistently reports zero liabilities, which is a strong indicator of financial stability and responsible management.
Spending efficiency is a key area for analysis. As a private foundation, its primary 'program' spending would be its grants and contributions. Without a detailed breakdown of expenses beyond total expenses, it's challenging to precisely determine the program spending ratio. However, the consistent reporting of 0% officer compensation across all filings suggests that administrative overhead related to executive salaries is non-existent, which is a positive sign for efficiency. The foundation's revenue has fluctuated significantly, from a low of $43,769 in 2020 to a high of $339,156 in 2022, while expenses have remained relatively stable, typically ranging from $140,000 to $230,000. This indicates a consistent level of activity despite varying income.
Transparency is generally good, with 13 filings available, demonstrating a consistent reporting history. The absence of officer compensation simplifies the financial picture and enhances trust. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories within the provided data, a full assessment of spending efficiency is limited. The foundation's consistent asset base, despite some fluctuations, suggests prudent long-term financial management for its philanthropic mission.