Is The@Charles William Glasscock Foundation Legit?
Quick charity verification for The@Charles William Glasscock Foundation (EIN: 201775048)
Verdict: The@Charles William Glasscock Foundation shows mixed signals
65/100Mission Score
$60KRevenue
$125KAssets
3Red Flags
3Strengths
Red Flags
Expenses frequently exceed revenue, as seen in 202312 ($130,975 expenses vs. $107,669 revenue), 202112 ($1,875 expenses vs. $309 revenue), and other periods, indicating potential sustainability issues.
Significant fluctuation in assets, from $43,335 in 202212 down to $20,028 in 202312, suggests inconsistent financial management or large, irregular distributions.
Lack of detailed expense breakdown in the provided data makes it difficult to assess program efficiency.
Strengths
Consistent 0% officer compensation across all filings demonstrates good governance regarding executive pay.
The organization has a long filing history (10 filings), indicating sustained operation.
Low liabilities reported across most periods (e.g., $1 in 202312 and 202212) suggest minimal debt burden.
Spending Breakdown
How The@Charles William Glasscock Foundation allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
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@Charles William Glasscock Foundation
Is The@Charles William Glasscock Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The@Charles William Glasscock Foundation (EIN: 201775048) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is The@Charles William Glasscock Foundation a good charity to donate to?
The@Charles William Glasscock Foundation has a Mission Score of 65/100. Revenue: $60K. Assets: $125K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The@Charles William Glasscock Foundation?
The Employer Identification Number (EIN) for The@Charles William Glasscock Foundation is 201775048. 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@Charles William Glasscock Foundation spend its money?
The@Charles William Glasscock Foundation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The@Charles William Glasscock Foundation's tax-exempt status?
You can verify The@Charles William Glasscock Foundation's tax-exempt status using EIN 201775048 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 Charles William Glasscock Foundation appears to be a small, private foundation with highly variable financial activity. In its latest filing (202312), the organization reported revenue of $107,669 and expenses of $130,975, resulting in a deficit for the period. This contrasts sharply with the previous period (202212) where revenue was $39,292 and expenses were $13,725, indicating a surplus. The foundation's assets have also fluctuated significantly, from $43,335 in 202212 down to $20,028 in 202312, suggesting inconsistent financial growth or significant distributions. Given the NTEE code T22 (Private Grantmaking Foundations), the primary activity would be grantmaking, but without detailed expense breakdowns, it's difficult to assess the efficiency of its program spending versus administrative costs. The consistent reporting of 0% officer compensation across all filings indicates good practice regarding executive pay for a foundation of this size. However, the overall financial health shows volatility, with expenses often exceeding revenue in recent years, which could be a concern for long-term sustainability if not managed strategically.