Quick charity verification for Bruce C Abrams Family Foundation (EIN: 141917252)
Verdict: Bruce C Abrams Family Foundation appears trustworthy
85/100Mission Score
$817KRevenue
$2.7MAssets
2Red Flags
4Strengths
Red Flags
Consistent negative net income (expenses exceeding revenue) in recent years, leading to asset drawdown.
Lack of detailed expense breakdown beyond total expenses makes it difficult to precisely evaluate program vs. administrative spending.
Strengths
Substantial asset base ($2,656,087 in 202312) provides long-term stability.
0% officer compensation reported across all filings, indicating high efficiency in executive overhead.
Consistent IRS 990 filing history demonstrates good transparency and compliance.
As a private foundation, its primary function is grantmaking, which is inherently programmatic.
Spending Breakdown
How Bruce C Abrams Family Foundation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
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 Bruce C Abrams Family Foundation
Is Bruce C Abrams Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Bruce C Abrams Family Foundation (EIN: 141917252) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Bruce C Abrams Family Foundation a good charity to donate to?
Bruce C Abrams Family Foundation has a Mission Score of 85/100. Revenue: $817K. Assets: $2.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Bruce C Abrams Family Foundation?
The Employer Identification Number (EIN) for Bruce C Abrams Family Foundation is 141917252. 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 Bruce C Abrams Family Foundation spend its money?
Bruce C Abrams Family Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Bruce C Abrams Family Foundation's tax-exempt status?
You can verify Bruce C Abrams Family Foundation's tax-exempt status using EIN 141917252 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 Bruce C Abrams Family Foundation appears to be a private foundation, as indicated by its consistent revenue and expense patterns, and the NTEE code T20 (Private Grantmaking Foundations). Its financial health shows a trend of expenses exceeding revenue in recent years, with the 202312 period reporting expenses of $361,459 against revenues of $210,098. This has led to a gradual decline in assets from a peak of $3,154,873 in 201912 to $2,656,087 in 202312. However, the foundation maintains substantial assets relative to its annual expenses, suggesting long-term stability for its grantmaking activities.
Spending efficiency is difficult to fully assess without a detailed breakdown of program service expenses versus administrative and fundraising costs, which are not provided in the summary data. As a private foundation, its primary 'program' is grantmaking. The consistent reporting of 0% officer compensation is a positive indicator for minimizing administrative overhead related to executive pay. The foundation's transparency is generally good, with a consistent filing history over ten periods, indicating compliance with IRS reporting requirements.
Overall, while the foundation is drawing down its assets by spending more than it earns annually in recent periods, its substantial asset base provides a buffer. The lack of officer compensation is a strong point for efficiency, and its consistent filing history demonstrates transparency.