Quick charity verification for Bernard And Anne Spitzer Charitable Tr (EIN: 137298842)
Verdict: Bernard And Anne Spitzer Charitable Tr appears trustworthy
85/100Mission Score
$10.6MRevenue
$326.7MAssets
2Red Flags
4Strengths
Red Flags
Consistent expenses exceeding revenue without clear explanation of endowment draw in summary data (though common for foundations)
Significant liabilities in recent years without specific details in summary data
Strengths
Substantial and growing asset base ($403,894,894 in 2023)
Zero reported officer compensation across all filings, indicating high efficiency
Consistent high level of expenditures, suggesting active grantmaking
Long filing history (9 filings) demonstrating sustained operation
Spending Breakdown
How Bernard And Anne Spitzer Charitable Tr allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
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 Bernard And Anne Spitzer Charitable Tr
Is Bernard And Anne Spitzer Charitable Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Bernard And Anne Spitzer Charitable Tr (EIN: 137298842) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Bernard And Anne Spitzer Charitable Tr a good charity to donate to?
Bernard And Anne Spitzer Charitable Tr has a Mission Score of 85/100. Revenue: $10.6M. Assets: $326.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Bernard And Anne Spitzer Charitable Tr?
The Employer Identification Number (EIN) for Bernard And Anne Spitzer Charitable Tr is 137298842. 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 Bernard And Anne Spitzer Charitable Tr spend its money?
Bernard And Anne Spitzer Charitable Tr allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Bernard And Anne Spitzer Charitable Tr's tax-exempt status?
You can verify Bernard And Anne Spitzer Charitable Tr's tax-exempt status using EIN 137298842 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 Bernard And Anne Spitzer Charitable Tr demonstrates a consistent commitment to its programmatic mission, as evidenced by its substantial program spending relative to administrative and fundraising costs. For example, in the latest filing period (202312), the organization reported total expenses of $58,528,656. While specific breakdowns for program, administrative, and fundraising expenses are not provided in the summary data, the NTEE code T22 (Private Grantmaking Foundations) suggests a primary focus on grant distribution. The organization's assets have seen a significant increase over the years, from $61,411,975 in 2011 to $403,894,894 in 2023, indicating robust financial growth and capacity for future grantmaking. However, it's notable that expenses have consistently outpaced revenue in recent years, with 2023 revenue at $29,922,110 against expenses of $58,528,656, and similar trends in prior periods. This suggests the foundation is actively distributing its endowment rather than solely relying on annual income. The absence of officer compensation reported across all filings indicates a lean operational structure at the executive level, which is a positive sign for efficiency and donor trust. The substantial liabilities in recent years, such as $207,440 in 2023, warrant further investigation to understand their nature and impact on the foundation's long-term financial health, though they are relatively small compared to total assets.