Is Annette And Anthony Albanese Foundation Legit?

Quick charity verification for Annette And Anthony Albanese Foundation (EIN: 208068320)

Verdict: Annette And Anthony Albanese Foundation appears trustworthy

88/100Mission Score

$724KRevenue

$2.3MAssets

2Red Flags

4Strengths

Red Flags

Significant increase in liabilities in 2023 to $1,269,000, which warrants further investigation.
Periods of substantial deficit spending, such as in 2021 where expenses ($306,210) were more than double the revenue ($130,224).

Strengths

Consistent 0% officer compensation across all reported years, indicating high efficiency in executive overhead.
Strong asset growth, from $1,122,967 in 2011 to $2,252,263 in 2023, demonstrating financial stability and accumulation of resources.
Significant revenue generation in recent years, with $1,125,001 in 2023 and $652,676 in 2022.
Consistent filing of IRS Form 990s over a decade, indicating good transparency and regulatory compliance.

Spending Breakdown

How Annette And Anthony Albanese 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

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 Annette And Anthony Albanese Foundation

Is Annette And Anthony Albanese Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Annette And Anthony Albanese Foundation (EIN: 208068320) appears trustworthy. Mission Score: 88/100. 2 red flags identified, 4 strengths noted.

Is Annette And Anthony Albanese Foundation a good charity to donate to?

Annette And Anthony Albanese Foundation has a Mission Score of 88/100. Revenue: $724K. Assets: $2.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Annette And Anthony Albanese Foundation?

The Employer Identification Number (EIN) for Annette And Anthony Albanese Foundation is 208068320. 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 Annette And Anthony Albanese Foundation spend its money?

Annette And Anthony Albanese Foundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Annette And Anthony Albanese Foundation's tax-exempt status?

You can verify Annette And Anthony Albanese Foundation's tax-exempt status using EIN 208068320 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 Annette And Anthony Albanese Foundation demonstrates a fluctuating but generally positive financial trajectory, with significant revenue in recent years. In 2023, the organization reported revenue of $1,125,001 against expenses of $461,250, indicating a substantial surplus. This trend of revenue exceeding expenses is also evident in 2022 ($652,676 revenue vs. $57,561 expenses) and 2019 ($308,483 revenue vs. $70,345 expenses), suggesting effective financial management in those periods. The foundation's assets have grown considerably, from $1,122,967 in 2011 to $2,252,263 in 2023, indicating a healthy accumulation of resources over time.

Spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings, which suggests that administrative costs related to executive salaries are non-existent. While a detailed breakdown of program, administrative, and fundraising expenses is not explicitly provided in the summary data, the overall expense levels relative to revenue in most years suggest that a significant portion of funds could be directed towards their mission. The foundation's consistent filing of IRS Form 990s over a decade demonstrates a commitment to regulatory compliance and transparency.

However, there were periods, such as 2021 ($130,224 revenue vs. $306,210 expenses) and 2020 ($1,372 revenue vs. $79,903 expenses), where expenses significantly outstripped revenue. While this could be due to strategic investments or timing of grants, it represents periods of deficit spending. The substantial increase in liabilities in 2023 to $1,269, compared to previous years, warrants further investigation to understand its nature and impact on financial stability. Overall, the foundation appears to be a well-managed entity with strong asset growth and a commitment to minimizing executive compensation.

View Full Transparency Report →

Disclaimer

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