Quick charity verification for Transfer The Power Foundation Inc (EIN: 201593796)
Verdict: Transfer The Power Foundation Inc has notable concerns
20/100Mission Score
$289Revenue
$7KAssets
5Red Flags
2Strengths
Red Flags
Severe and consistent decline in revenue, from $142,663 in 2014 to $289 in 2023.
Consistent deficit spending, with expenses frequently exceeding revenue, leading to asset depletion.
Significant reduction in assets, from $79,503 in 2015 to $6,508 in 2023.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data.
Extremely low current revenue ($289 in 2023) raises questions about operational viability.
Strengths
Consistent IRS 990 filing history (14 filings) indicates compliance.
Reported 0% officer compensation across all years, suggesting volunteer leadership or alternative compensation structures.
Spending Breakdown
How Transfer The Power Foundation Inc allocates its funds across programs, administration, and fundraising.
0%
Program Spending
Concerning — less than half to programs
0%
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 Transfer The Power Foundation Inc
Is Transfer The Power Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Transfer The Power Foundation Inc (EIN: 201593796) has notable concerns. Mission Score: 20/100. 5 red flags identified, 2 strengths noted.
Is Transfer The Power Foundation Inc a good charity to donate to?
Transfer The Power Foundation Inc has a Mission Score of 20/100. Revenue: $289. Assets: $7K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Transfer The Power Foundation Inc?
The Employer Identification Number (EIN) for Transfer The Power Foundation Inc is 201593796. 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 Transfer The Power Foundation Inc spend its money?
Transfer The Power Foundation Inc allocates 0% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Transfer The Power Foundation Inc's tax-exempt status?
You can verify Transfer The Power Foundation Inc's tax-exempt status using EIN 201593796 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
Transfer The Power Foundation Inc appears to be in a state of significant financial decline, with its latest reported revenue for 2023 at a mere $289, a drastic drop from its peak of $142,663 in 2014. The organization has consistently spent more than it has brought in for several years, leading to a steady decrease in assets from $79,503 in 2015 to $6,508 in 2023. This trend of negative net income suggests an unsustainable financial model.
The organization's spending efficiency is difficult to assess without a detailed breakdown of expenses into program, administrative, and fundraising categories, which is not provided in the summary data. However, the consistent deficit spending indicates a lack of operational efficiency or a severe reduction in funding. The absence of officer compensation reported across all years suggests that executive leadership is either unpaid or compensated through other means not captured in this specific metric, which could be a positive for donor confidence if it means more funds go to programs, but also raises questions about the sustainability of operations without paid leadership.
In terms of transparency, the organization has a consistent filing history with 14 filings, which is a positive indicator of compliance. However, the extremely low revenue and assets in recent years, coupled with the lack of detailed expense allocation, make it challenging for a donor to fully understand where their contributions would go and the actual impact of the organization. The significant decrease in financial activity warrants further investigation into the organization's current operational status and future viability.