Is Bernard And Patricia Iacovangelo Family Foundation Inc Legit?
Quick charity verification for Bernard And Patricia Iacovangelo Family Foundation Inc (EIN: 203864290)
Verdict: Bernard And Patricia Iacovangelo Family Foundation Inc appears trustworthy
95/100Mission Score
$2.5MRevenue
$2.5MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
100% of expenses allocated to program services (0% officer compensation reported)
Consistent growth in assets over the past decade (from $527,917 in 2011 to $2,335,882 in 2023)
Extremely low administrative overhead
Minimal liabilities reported across all filings ($1)
Strong financial transparency through consistent IRS 990 filings
Spending Breakdown
How Bernard And Patricia Iacovangelo Family Foundation Inc allocates its funds across programs, administration, and fundraising.
100%
Program Spending
Healthy — majority goes to mission
0%
Admin Costs
Reasonable — admin costs in check
0%
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 Patricia Iacovangelo Family Foundation Inc
Is Bernard And Patricia Iacovangelo Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bernard And Patricia Iacovangelo Family Foundation Inc (EIN: 203864290) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Bernard And Patricia Iacovangelo Family Foundation Inc a good charity to donate to?
Bernard And Patricia Iacovangelo Family Foundation Inc has a Mission Score of 95/100. Revenue: $2.5M. Assets: $2.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Bernard And Patricia Iacovangelo Family Foundation Inc?
The Employer Identification Number (EIN) for Bernard And Patricia Iacovangelo Family Foundation Inc is 203864290. 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 Patricia Iacovangelo Family Foundation Inc spend its money?
Bernard And Patricia Iacovangelo Family Foundation Inc allocates 100% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Bernard And Patricia Iacovangelo Family Foundation Inc's tax-exempt status?
You can verify Bernard And Patricia Iacovangelo Family Foundation Inc's tax-exempt status using EIN 203864290 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 Patricia Iacovangelo Family Foundation Inc. demonstrates consistent financial health, primarily operating as a grant-making private foundation. Its assets have shown steady growth over the past decade, from $527,917 in 2011 to $2,335,882 in 2023, indicating sound asset management. The foundation consistently spends a high percentage of its expenses on program services, as evidenced by the lack of officer compensation and minimal liabilities, suggesting efficient use of funds for its charitable purpose.
The organization's transparency is strong, with readily available IRS 990 filings showing detailed financial information. The absence of officer compensation reported across all filings is a significant positive indicator of low administrative overhead and a focus on mission-related spending. While revenue can fluctuate, as seen with the negative revenue in 2022, the foundation maintains a healthy asset base to support its grant-making activities.