Is Andrew P Caneza Family Foundation Inc Legit?

Quick charity verification for Andrew P Caneza Family Foundation Inc (EIN: 201602745)

Verdict: Andrew P Caneza Family Foundation Inc appears trustworthy

85/100Mission Score

$1.3MRevenue

$16.9MAssets

1Red Flags

4Strengths

Red Flags

Consistent operating deficits in recent years (2022, 2023) where expenses exceeded revenue.

Strengths

Zero officer compensation across all reported periods.
Strong and growing asset base, reaching $17,286,000 in 2023.
Minimal liabilities ($1 consistently reported), indicating no significant debt.
Significant revenue generation capacity demonstrated in 2021 ($14,621,630).

Spending Breakdown

How Andrew P Caneza Family Foundation Inc allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Andrew P Caneza Family Foundation Inc

Is Andrew P Caneza Family Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Andrew P Caneza Family Foundation Inc (EIN: 201602745) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.

Is Andrew P Caneza Family Foundation Inc a good charity to donate to?

Andrew P Caneza Family Foundation Inc has a Mission Score of 85/100. Revenue: $1.3M. Assets: $16.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Andrew P Caneza Family Foundation Inc?

The Employer Identification Number (EIN) for Andrew P Caneza Family Foundation Inc is 201602745. 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 Andrew P Caneza Family Foundation Inc spend its money?

Andrew P Caneza Family Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Andrew P Caneza Family Foundation Inc's tax-exempt status?

You can verify Andrew P Caneza Family Foundation Inc's tax-exempt status using EIN 201602745 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 Andrew P Caneza Family Foundation Inc. exhibits a fluctuating financial profile, typical of a private foundation that primarily makes grants. In 2023, the organization reported revenue of $594,001 against expenses of $1,297,019, indicating a deficit for the year. This follows a similar trend in 2022 where expenses ($884,622) exceeded revenue ($827,447). However, the foundation experienced a significant revenue spike in 2021, reporting $14,621,630, which substantially boosted its assets to over $18 million, demonstrating a capacity for substantial financial inflows. The foundation consistently reports zero officer compensation, which is a positive indicator for donor confidence regarding executive pay. Its liabilities have consistently been reported as $1, suggesting a very strong balance sheet with minimal debt.

The foundation's spending efficiency, while not explicitly detailed in terms of program vs. administrative costs in the provided data, can be inferred to be focused on its mission given the nature of a family foundation and the absence of officer compensation. The consistent reporting of minimal liabilities and the growth in assets over time, despite annual fluctuations in revenue, suggest prudent financial management. Transparency is generally good, with consistent IRS 990 filings over a long period, allowing for public scrutiny of its financial activities. The NTEE code T21 (Private Grantmaking Foundations) aligns with its operational profile.

Overall, while the foundation has experienced periods of negative net income, its substantial asset base of $17,286,000 in 2023 provides a strong buffer. The lack of officer compensation and minimal liabilities are significant strengths. The primary financial activity appears to be grantmaking, which is the core function of such a foundation, and its ability to attract significant capital, as seen in 2021, demonstrates its potential for impact.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.