Quick charity verification for Wallace Minot Leonard Foundation (EIN: 223158002)
Verdict: Wallace Minot Leonard Foundation appears trustworthy
87/100Mission Score
$2.3MRevenue
$5.6MAssets
3Red Flags
1Strengths
Red Flags
The foundation's spending on programs is significantly higher than on administration and fundraising, indicating a strong focus on impact.
Administrative costs are consistently low, suggesting efficient management.
Fundraising efforts are minimal, which may limit the foundation's ability to grow its endowment.
Strengths
The foundation has a clear focus on program spending, with over 65% of its budget allocated to programs each year.
Spending Breakdown
How Wallace Minot Leonard Foundation allocates its funds across programs, administration, and fundraising.
65%
Program Spending
Below average — room for improvement
15%
Admin Costs
Reasonable — admin costs in check
20%
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 Wallace Minot Leonard Foundation
Is Wallace Minot Leonard Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Wallace Minot Leonard Foundation (EIN: 223158002) appears trustworthy. Mission Score: 87/100. 3 red flags identified, 1 strength noted.
Is Wallace Minot Leonard Foundation a good charity to donate to?
Wallace Minot Leonard Foundation has a Mission Score of 87/100. Revenue: $2.3M. Assets: $5.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Wallace Minot Leonard Foundation?
The Employer Identification Number (EIN) for Wallace Minot Leonard Foundation is 223158002. 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 Wallace Minot Leonard Foundation spend its money?
Wallace Minot Leonard Foundation allocates 65% to programs, 15% to administration, and 20% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Wallace Minot Leonard Foundation's tax-exempt status?
You can verify Wallace Minot Leonard Foundation's tax-exempt status using EIN 223158002 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
Wallace Minot Leonard Foundation is a unknown nonprofit based in Boston, Massachusetts, with reported revenue of $2.3M and assets of $5.6M. Our AI analysis assigns a Mission Score of 87/100 (Excellent). Approximately 65% of spending goes to programs, 15% to administration, and 20% to fundraising. 1. Detailed program spending breakdowns are provided for each fiscal year. 2. Administrative costs remain consistently low, indicating efficient operations. 3. Fundraising efforts are modest, suggesting a focus on programmatic impact. Executive compensation remains at a low level, consistent with the foundation's mission. Revenue has grown +49% across 10 filing periods.