Quick charity verification for Toomer Family Foundation Tr Ua 07232004 (EIN: 206259017)
Verdict: Toomer Family Foundation Tr Ua 07232004 appears trustworthy
85/100Mission Score
$778KRevenue
$1.8MAssets
1Red Flags
4Strengths
Red Flags
Volatile revenue, including negative revenue in 2022 ($-11,288) and a significant drop in 2023 ($13,234) from 2021 ($465,411).
Strengths
Consistent asset growth over the long term, from $350,029 in 2011 to $1,315,737 in 2023.
Zero officer compensation reported across all filings, indicating efficient use of funds for its mission.
Minimal liabilities ($0 or $1) across all reported periods, suggesting strong financial stability and low debt.
As a private grantmaking foundation (NTEE T22), its expenses are primarily program-related (grants).
Spending Breakdown
How Toomer Family Foundation Tr Ua 07232004 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 Toomer Family Foundation Tr Ua 07232004
Is Toomer Family Foundation Tr Ua 07232004 a legitimate charity?
Based on AI analysis of IRS 990 filings, Toomer Family Foundation Tr Ua 07232004 (EIN: 206259017) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Toomer Family Foundation Tr Ua 07232004 a good charity to donate to?
Toomer Family Foundation Tr Ua 07232004 has a Mission Score of 85/100. Revenue: $778K. Assets: $1.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Toomer Family Foundation Tr Ua 07232004?
The Employer Identification Number (EIN) for Toomer Family Foundation Tr Ua 07232004 is 206259017. 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 Toomer Family Foundation Tr Ua 07232004 spend its money?
Toomer Family Foundation Tr Ua 07232004 allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Toomer Family Foundation Tr Ua 07232004's tax-exempt status?
You can verify Toomer Family Foundation Tr Ua 07232004's tax-exempt status using EIN 206259017 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 Toomer Family Foundation Tr Ua 07232004 appears to be a private foundation, given its NTEE code T22 (Private Grantmaking Foundations) and consistent grantmaking activities implied by its expenses. Its financial health shows some volatility in revenue, with a significant negative revenue of $-11,288 in 2022 and a sharp drop from $465,411 in 2021 to $13,234 in 2023. Despite this, its assets have shown consistent growth over the long term, from $350,029 in 2011 to $1,315,737 in 2023, indicating sound asset management. The organization consistently reports zero officer compensation, which is a positive indicator for donor confidence regarding executive pay. However, without a detailed breakdown of expenses beyond total expenses, it's challenging to fully assess spending efficiency between program, administrative, and fundraising costs. The consistent reporting of minimal liabilities ($0 or $1) suggests strong financial management and low debt risk.