Quick charity verification for Thomas And Agnes Carvel Foundation (EIN: 132879673)
Verdict: Thomas And Agnes Carvel Foundation appears trustworthy
85/100Mission Score
$16.0MRevenue
$49.2MAssets
2Red Flags
3Strengths
Red Flags
Consistent annual expenses exceeding revenue, indicating reliance on asset drawdowns (e.g., 2023: $4.1M expenses vs. $3.2M revenue).
Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes precise efficiency analysis difficult.
Strengths
Substantial and growing asset base ($49,177,623 latest assets) provides strong financial stability.
Consistent history of grantmaking and expenditures, demonstrating active philanthropic engagement.
0% reported officer compensation across all filings, suggesting highly efficient administrative costs or volunteer leadership.
Spending Breakdown
How Thomas And Agnes Carvel 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 Thomas And Agnes Carvel Foundation
Is Thomas And Agnes Carvel Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Thomas And Agnes Carvel Foundation (EIN: 132879673) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Thomas And Agnes Carvel Foundation a good charity to donate to?
Thomas And Agnes Carvel Foundation has a Mission Score of 85/100. Revenue: $16.0M. Assets: $49.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Thomas And Agnes Carvel Foundation?
The Employer Identification Number (EIN) for Thomas And Agnes Carvel Foundation is 132879673. 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 Thomas And Agnes Carvel Foundation spend its money?
Thomas And Agnes Carvel Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Thomas And Agnes Carvel Foundation's tax-exempt status?
You can verify Thomas And Agnes Carvel Foundation's tax-exempt status using EIN 132879673 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 Thomas And Agnes Carvel Foundation demonstrates a consistent pattern of grantmaking, with expenses often exceeding revenue in recent years, indicating a reliance on its substantial asset base. For instance, in 2023, expenses were $4,105,811 against revenues of $3,259,155. The foundation maintains a robust asset base, currently at $49,177,623, which has generally grown over the past decade, ensuring long-term sustainability for its philanthropic activities. The absence of reported officer compensation across all available filings suggests a lean administrative structure or that compensation is handled through other means, which could be a positive indicator of efficiency, though further detail would enhance transparency.
While the financial data shows consistent activity, the lack of detailed spending breakdowns (e.g., program vs. administrative vs. fundraising) in the provided summary makes a precise assessment of spending efficiency challenging. However, the consistent expenditure levels suggest a stable operational rhythm. The foundation's transparency could be further enhanced by providing more granular detail on how its expenses are allocated across its mission-related programs and administrative overhead.
Overall, the foundation appears financially stable with significant assets to support its mission. Its consistent grantmaking, even when annual revenues fluctuate, points to a well-managed endowment. The absence of officer compensation is a notable positive for efficiency, but a more detailed breakdown of expenses would allow for a more comprehensive evaluation of its spending efficiency and program focus.