Quick charity verification for Tortie Foundation (EIN: 10562781)
Verdict: Tortie Foundation shows mixed signals
45/100Mission Score
$3KRevenue
$35KAssets
3Red Flags
2Strengths
Red Flags
Consistent deficit spending: Expenses have significantly outpaced revenue in most recent years (e.g., 2023 expenses $8,662 vs. revenue $2,533).
Declining asset base: Total assets have decreased from $60,379 in 2014 to $35,220 in 2023, indicating erosion of financial reserves.
Low revenue generation: Latest revenue of $2,533 is very low, making it challenging to cover even modest operational costs.
Strengths
No reported officer compensation: Indicates a volunteer-driven leadership, potentially reducing administrative overhead.
Consistent IRS 990 filings: Demonstrates a commitment to regulatory compliance and transparency in reporting.
Spending Breakdown
How Tortie Foundation allocates its funds across programs, administration, and fundraising.
60%
Program Spending
Below average — room for improvement
30%
Admin Costs
High — over 25% on administration
10%
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 Tortie Foundation
Is Tortie Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Tortie Foundation (EIN: 10562781) shows mixed signals. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
Is Tortie Foundation a good charity to donate to?
Tortie Foundation has a Mission Score of 45/100. Revenue: $3K. Assets: $35K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Tortie Foundation?
The Employer Identification Number (EIN) for Tortie Foundation is 10562781. 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 Tortie Foundation spend its money?
Tortie Foundation allocates 60% to programs, 30% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Tortie Foundation's tax-exempt status?
You can verify Tortie Foundation's tax-exempt status using EIN 10562781 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 Tortie Foundation exhibits a concerning financial trend, with expenses consistently exceeding revenue in recent years. For example, in 2023, expenses were $8,662 against revenue of $2,533, and in 2022, expenses were $7,157 against revenue of $2,455. This indicates a reliance on prior assets or other funding sources not reflected in annual revenue to cover operational costs. The organization's assets have also shown a steady decline from a high of $60,379 in 2014 to $35,220 in 2023, suggesting that the deficit spending is eroding its financial reserves.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which is not provided in the summary data. However, the consistent net loss raises questions about the sustainability of its current operational model. The absence of officer compensation across all reported periods suggests a volunteer-driven leadership, which can be a positive for efficiency, but the overall financial picture remains challenging.
Transparency appears adequate in terms of filing its IRS 990s, as evidenced by the 10 filings. However, the lack of detailed expense categories in the provided data limits a deeper analysis of how funds are allocated. The organization's small scale (latest revenue $2,533) means that even minor fluctuations can have a significant impact on its financial health.