Is Virginia B Toulmin Charitable Foundation Iii 20 102080246164 Legit?
Quick charity verification for Virginia B Toulmin Charitable Foundation Iii 20 102080246164 (EIN: 137385769)
Verdict: Virginia B Toulmin Charitable Foundation Iii 20 102080246164 appears trustworthy
85/100Mission Score
$41.5MRevenue
$135.8MAssets
1Red Flags
3Strengths
Red Flags
Consistent expenses exceeding revenue, potentially drawing down endowment faster than investment returns.
Strengths
Zero officer compensation reported across all filings, indicating highly efficient administrative spending in this area.
Substantial asset base (over $118 million in 2023) provides long-term stability for grantmaking.
Consistent history of IRS 990 filings demonstrates transparency and compliance.
Spending Breakdown
How Virginia B Toulmin Charitable Foundation Iii 20 102080246164 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 Virginia B Toulmin Charitable Foundation Iii 20 102080246164
Is Virginia B Toulmin Charitable Foundation Iii 20 102080246164 a legitimate charity?
Based on AI analysis of IRS 990 filings, Virginia B Toulmin Charitable Foundation Iii 20 102080246164 (EIN: 137385769) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
Is Virginia B Toulmin Charitable Foundation Iii 20 102080246164 a good charity to donate to?
Virginia B Toulmin Charitable Foundation Iii 20 102080246164 has a Mission Score of 85/100. Revenue: $41.5M. Assets: $135.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Virginia B Toulmin Charitable Foundation Iii 20 102080246164?
The Employer Identification Number (EIN) for Virginia B Toulmin Charitable Foundation Iii 20 102080246164 is 137385769. 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 Virginia B Toulmin Charitable Foundation Iii 20 102080246164 spend its money?
Virginia B Toulmin Charitable Foundation Iii 20 102080246164 allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Virginia B Toulmin Charitable Foundation Iii 20 102080246164's tax-exempt status?
You can verify Virginia B Toulmin Charitable Foundation Iii 20 102080246164's tax-exempt status using EIN 137385769 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 Virginia B Toulmin Charitable Foundation III demonstrates consistent financial activity as a grant-making private foundation. Over the past decade, its assets have generally remained stable, fluctuating around the $130-160 million mark, with the latest reported assets at $118,805,246 in 2023. The foundation consistently reports zero officer compensation, which is a positive indicator for donor confidence and efficient use of funds, as it suggests that administrative costs are kept low in this area. However, the foundation has frequently reported expenses exceeding revenue in several periods, such as in 2023 ($9,668,950 expenses vs. $5,699,398 revenue) and 2022 ($7,936,609 expenses vs. $7,825,791 revenue), indicating it is drawing down on its endowment to fund its grant-making activities. This is not uncommon for foundations but warrants monitoring to ensure long-term sustainability. The NTEE code T22 indicates it is a private grantmaking foundation, which aligns with its operational model.