Is Tim And Peggy Farrell Fund Inc Legit? —…

Quick charity verification for Tim And Peggy Farrell Fund Inc (EIN: 200374985)

Spending Breakdown

How Tim And Peggy Farrell Fund Inc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

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 Tim And Peggy Farrell Fund Inc

Is Tim And Peggy Farrell Fund Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Tim And Peggy Farrell Fund Inc (EIN: 200374985) appears trustworthy. Mission Score: 80/100. 1 red flag identified, 4 strengths noted.

Is Tim And Peggy Farrell Fund Inc a good charity to donate to?

Tim And Peggy Farrell Fund Inc has a Mission Score of 80/100. Revenue: $87K. Assets: $511K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Tim And Peggy Farrell Fund Inc?

The Employer Identification Number (EIN) for Tim And Peggy Farrell Fund Inc is 200374985. 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 Tim And Peggy Farrell Fund Inc spend its money?

Tim And Peggy Farrell Fund Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Tim And Peggy Farrell Fund Inc's tax-exempt status?

You can verify Tim And Peggy Farrell Fund Inc's tax-exempt status using EIN 200374985 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 Tim And Peggy Farrell Fund Inc. appears to be a private foundation, as indicated by its NTEE code T22 (Private Grantmaking Foundations) and consistent asset base with relatively low revenue and expenses. The organization demonstrates strong financial health with assets consistently over $500,000, reaching $541,360 in 2023, significantly exceeding its latest reported revenue of $86,621. However, the organization has frequently operated at a deficit, with expenses exceeding revenue in multiple years, such as $37,865 in expenses against $5,128 in revenue in 2023, and $33,074 in expenses against $24,309 in revenue in 2020. This suggests that the organization relies on its existing endowment to cover operational costs and grantmaking, rather than solely on annual contributions.

Spending efficiency is difficult to fully assess without a detailed breakdown of program service expenses versus administrative and fundraising costs, which are not provided in the summary data. However, as a private foundation, a significant portion of its expenses would typically be grants made to other organizations (program services). The consistent reporting of 0% officer compensation across all filings indicates good stewardship regarding executive pay, as no salaries are drawn from the organization's funds for its officers. The organization's liabilities are consistently reported as $1, which is exceptionally low and indicates a very strong balance sheet with minimal debt.

Transparency is generally good given the consistent filing of IRS Form 990s over nine periods. The absence of officer compensation is a positive indicator of financial integrity. While the provided data doesn't offer a granular breakdown of expenses, the overall financial picture suggests a well-managed private foundation focused on its grantmaking mission, albeit one that frequently spends more than it takes in through new revenue, drawing down on its endowment.

Is Tim And Peggy Farrell Fund Inc Legit?

Verdict: Tim And Peggy Farrell Fund Inc appears trustworthy

Red Flags

Strengths