Quick charity verification for Altman Foundation (EIN: 131623879)
Verdict: Altman Foundation appears trustworthy
85/100Mission Score
$172.4MRevenue
$286.5MAssets
2Red Flags
3Strengths
Red Flags
Consistent 0% officer compensation reported, which is highly unusual for an organization with over $200M in assets and significant annual expenses, potentially indicating a lack of transparency in compensation reporting.
NTEE code is unknown, making it difficult to benchmark financial performance against similar organizations or understand its specific charitable focus.
Strengths
Strong financial stability with assets consistently exceeding $230M and low liabilities relative to assets.
Consistent operational activity over a decade, indicating a well-established and ongoing philanthropic effort.
Low liabilities, typically below $8.2M, demonstrating sound financial management and minimal debt burden.
Spending Breakdown
How Altman Foundation 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 Altman Foundation
Is Altman Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Altman Foundation (EIN: 131623879) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Altman Foundation a good charity to donate to?
Altman Foundation has a Mission Score of 85/100. Revenue: $172.4M. Assets: $286.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Altman Foundation?
The Employer Identification Number (EIN) for Altman Foundation is 131623879. 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 Altman Foundation spend its money?
Altman Foundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Altman Foundation's tax-exempt status?
You can verify Altman Foundation's tax-exempt status using EIN 131623879 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 Altman Foundation demonstrates consistent financial activity over the past decade, with revenues and expenses generally in the range of $12M-$29M and $14M-$20M respectively. The organization maintains substantial assets, consistently above $230M, indicating a strong endowment or investment base. A notable aspect is the reported 0% officer compensation across all available filings, which suggests either a volunteer-led executive team or that executive compensation is not reported under 'officer compensation' in a way that is visible in these summaries. This lack of reported officer compensation, while potentially positive for efficiency, could also raise questions about the full picture of administrative costs if key personnel are compensated through other means. The foundation's liabilities are consistently low relative to its assets, indicating strong financial stability.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses. However, the consistent reporting of 0% officer compensation, if accurate and comprehensive, would suggest a highly efficient use of funds at the executive level. The foundation's ability to maintain significant assets while distributing funds (as implied by expenses) suggests a sustainable operational model. The foundation's transparency regarding executive compensation, or lack thereof in the provided data, is a key point for further investigation.
Overall, the Altman Foundation appears financially stable with substantial assets and relatively low liabilities. The consistent 0% officer compensation is a significant data point, potentially indicating high efficiency or a need for deeper inquiry into compensation structures. Without detailed expense breakdowns, a precise assessment of spending efficiency across program, administrative, and fundraising categories is limited, but the overall financial health appears robust.