Quick charity verification for Tricycle Foundation Inc (EIN: 133589889)
Verdict: Tricycle Foundation Inc appears trustworthy
90/100Mission Score
$3.5MRevenue
$3.4MAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent revenue growth over the past decade, from $1.47M in 2014 to $3.10M in 2023.
Zero reported officer compensation across all available filings, indicating high transparency and dedication of funds to mission.
Significant growth in assets, from $186,742 in 2014 to $2,710,343 in 2023, improving financial stability.
Generally controlled expenses, closely tracking revenue, demonstrating efficient resource management.
Spending Breakdown
How Tricycle 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 Tricycle Foundation Inc
Is Tricycle Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Tricycle Foundation Inc (EIN: 133589889) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
Is Tricycle Foundation Inc a good charity to donate to?
Tricycle Foundation Inc has a Mission Score of 90/100. Revenue: $3.5M. Assets: $3.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Tricycle Foundation Inc?
The Employer Identification Number (EIN) for Tricycle Foundation Inc is 133589889. 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 Tricycle Foundation Inc spend its money?
Tricycle Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Tricycle Foundation Inc's tax-exempt status?
You can verify Tricycle Foundation Inc's tax-exempt status using EIN 133589889 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
Tricycle Foundation Inc. demonstrates a consistent financial trajectory with steady revenue growth over the past decade, increasing from $1,474,758 in 2014 to $3,099,967 in 2023. The organization generally operates near break-even, with expenses closely tracking revenue, as seen in 2023 where expenses ($3,105,028) slightly exceeded revenue ($3,099,967). This indicates a strategy of reinvesting most income back into operations rather than accumulating large surpluses.
The foundation's asset base has also grown significantly, from $186,742 in 2014 to $2,710,343 in 2023, suggesting effective management of resources and potentially successful fundraising efforts. Liabilities have also increased, but at a slower pace than assets, improving the organization's net asset position. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of financial transparency and a commitment to directing funds towards the mission rather than executive salaries.
While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall financial health appears stable with controlled spending relative to income. The absence of officer compensation is a notable positive for transparency and donor confidence.