Quick charity verification for Third Federal Foundation (EIN: 208467212)
Verdict: Third Federal Foundation appears trustworthy
85/100Mission Score
$8.3MRevenue
$28.0MAssets
2Red Flags
4Strengths
Red Flags
Consistent negative net income (expenses exceeding revenue) over multiple years, leading to asset depletion.
Significant decline in total assets over the past decade (from $46.6M in 2015 to $28.0M currently).
Strengths
0% officer compensation across all filings, indicating highly efficient use of funds for mission.
Consistently low liabilities, demonstrating strong financial management and minimal debt.
Long history of IRS 990 filings, indicating transparency and compliance.
Active distribution of funds through grantmaking, fulfilling its purpose as a foundation.
Spending Breakdown
How Third Federal Foundation 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 Third Federal Foundation
Is Third Federal Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Third Federal Foundation (EIN: 208467212) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Third Federal Foundation a good charity to donate to?
Third Federal Foundation has a Mission Score of 85/100. Revenue: $8.3M. Assets: $28.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Third Federal Foundation?
The Employer Identification Number (EIN) for Third Federal Foundation is 208467212. 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 Third Federal Foundation spend its money?
Third Federal Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Third Federal Foundation's tax-exempt status?
You can verify Third Federal Foundation's tax-exempt status using EIN 208467212 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 Third Federal Foundation demonstrates a consistent commitment to its mission, primarily through grantmaking, as evidenced by its NTEE code T21 (Grantmaking Foundations). The organization has maintained a healthy asset base, currently at $28,016,788, although there has been a notable decline from a peak of $46,629,828 in 2015. This decline is largely due to expenses consistently exceeding revenue in recent years, with the latest filing (202312) showing expenses of $5,268,587 against revenues of $2,916,943. This trend suggests the foundation is actively distributing its assets rather than accumulating them.
Spending efficiency appears strong in terms of program delivery, as the foundation reports 0% officer compensation across all available filings, indicating that administrative costs related to executive salaries are non-existent. This allows a greater proportion of funds to be directed towards programmatic activities. However, without a detailed breakdown of program vs. administrative vs. fundraising expenses in the provided data, a precise efficiency ratio cannot be calculated. The consistent low liabilities (often $1) across all periods indicates excellent financial management and minimal debt burden.
Transparency is high given the consistent filing of IRS Form 990s over a decade and the clear reporting of financial figures. The absence of officer compensation is a significant positive indicator of resource allocation directly to charitable purposes. While the foundation is drawing down its assets, this is not inherently negative for a grantmaking foundation, as it fulfills its purpose of distributing funds. However, a long-term strategy for asset replenishment or a planned spend-down approach would be important considerations for sustainability.