Quick charity verification for Toby Keith Foundation Inc (EIN: 204089800)
Verdict: Toby Keith Foundation Inc appears trustworthy
92/100Mission Score
$6.2MRevenue
$15.3MAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent financial surpluses, with revenue exceeding expenses in most recent periods (e.g., $2,297,684 revenue vs. $1,239,056 expenses in 202312).
Zero reported officer compensation across all available filings, indicating strong commitment to mission spending.
Substantial asset base ($11,631,589 in 202312) providing significant financial stability and reserves.
Positive revenue growth trend in recent years, from $925,842 in 202012 to $2,297,684 in 202312.
Spending Breakdown
How Toby Keith Foundation 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
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 Toby Keith Foundation Inc
Is Toby Keith Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Toby Keith Foundation Inc (EIN: 204089800) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 4 strengths noted.
Is Toby Keith Foundation Inc a good charity to donate to?
Toby Keith Foundation Inc has a Mission Score of 92/100. Revenue: $6.2M. Assets: $15.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Toby Keith Foundation Inc?
The Employer Identification Number (EIN) for Toby Keith Foundation Inc is 204089800. 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 Toby Keith Foundation Inc spend its money?
Toby Keith Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Toby Keith Foundation Inc's tax-exempt status?
You can verify Toby Keith Foundation Inc's tax-exempt status using EIN 204089800 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 Toby Keith Foundation Inc. demonstrates a generally stable financial position with consistent asset levels over the past decade, hovering around $10-12 million. In the most recent filing period (202312), the organization reported revenue of $2,297,684 against expenses of $1,239,056, indicating a healthy surplus. This trend of revenue exceeding expenses has been observed in several recent periods, contributing to asset growth from $10,347,447 in 202012 to $11,631,589 in 202312. The foundation's spending efficiency appears strong, as evidenced by the consistent generation of surpluses and the absence of reported officer compensation, suggesting that a significant portion of funds is available for programmatic activities.
The organization's financial health is further supported by its substantial asset base relative to its annual expenses. With assets of $11,631,589 in 202312 and expenses of $1,239,056, the foundation holds over nine times its annual spending in reserves, providing significant financial stability. The consistent reporting of zero officer compensation across all available filings indicates a strong commitment to directing funds towards its mission rather than executive salaries, which is a positive indicator of transparency and donor trust. While specific program spending ratios are not provided in the raw data, the overall financial picture suggests a well-managed and fiscally responsible organization.