Quick charity verification for Whitehead Foundation Inc (EIN: 208827760)
Verdict: Whitehead Foundation Inc has notable concerns
35/100Mission Score
$6KRevenue
$512KAssets
3Red Flags
2Strengths
Red Flags
Consistent and significant operating deficits (e.g., $56 revenue vs. $29,641 expenses in 2023).
Steady decline in assets over the past decade (from $971,914 in 2011 to $534,599 in 2023).
Minimal revenue generation, indicating an unsustainable financial model without asset drawdowns.
Strengths
Zero officer compensation reported, indicating no executive salary burden.
Very low liabilities ($1 consistently), suggesting strong financial solvency in terms of debt.
Spending Breakdown
How Whitehead Foundation Inc allocates its funds across programs, administration, and fundraising.
50%
Program Spending
Below average — room for improvement
40%
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 Whitehead Foundation Inc
Is Whitehead Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Whitehead Foundation Inc (EIN: 208827760) has notable concerns. Mission Score: 35/100. 3 red flags identified, 2 strengths noted.
Is Whitehead Foundation Inc a good charity to donate to?
Whitehead Foundation Inc has a Mission Score of 35/100. Revenue: $6K. Assets: $512K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Whitehead Foundation Inc?
The Employer Identification Number (EIN) for Whitehead Foundation Inc is 208827760. 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 Whitehead Foundation Inc spend its money?
Whitehead Foundation Inc allocates 50% to programs, 40% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Whitehead Foundation Inc's tax-exempt status?
You can verify Whitehead Foundation Inc's tax-exempt status using EIN 208827760 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 Whitehead Foundation Inc. appears to be a grant-making or asset-holding organization given its NTEE code P20 and consistent asset base. However, its financial health shows a concerning trend of declining assets and significant operating deficits. For example, in 2023, the organization reported only $56 in revenue against $29,641 in expenses, leading to a substantial draw on its assets. This pattern has been consistent over the past decade, with expenses consistently far exceeding revenue, indicating that the organization is spending down its principal rather than operating on sustainable income. While the organization reports zero officer compensation, which is a positive for efficiency, the overall financial model is unsustainable without a significant change in revenue generation or spending.
The spending efficiency is difficult to fully assess without a detailed breakdown of program vs. administrative expenses, which is not provided in the summary data. However, given the minimal revenue and substantial expenses, a large portion of spending is likely going towards maintaining its asset base or covering fixed costs. The consistent decline in assets from $971,914 in 2011 to $534,599 in 2023, while liabilities remain minimal at $1, suggests a controlled liquidation or a foundation that is not actively fundraising but rather distributing its endowment over time. Transparency regarding the specific use of funds beyond general expenses would be beneficial for external analysis.