Is Claire And Jack Nath Charitable Foundation Legit?
Quick charity verification for Claire And Jack Nath Charitable Foundation (EIN: 134136475)
Verdict: Claire And Jack Nath Charitable Foundation appears trustworthy
75/100Mission Score
$437KRevenue
$1.7MAssets
2Red Flags
4Strengths
Red Flags
Negative revenue reported in 2023 while still incurring significant expenses ($112,442), leading to asset depletion.
Expenses consistently exceed revenue in most years, indicating reliance on asset drawdowns or prior year surpluses.
Strengths
Consistent filing of IRS Form 990s, demonstrating transparency.
No officer compensation reported across all filings, indicating efficient use of funds.
Stable asset base over a decade, suggesting long-term financial planning.
Low liabilities, indicating good financial management and minimal debt.
Spending Breakdown
How Claire And Jack Nath Charitable 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 Claire And Jack Nath Charitable Foundation
Is Claire And Jack Nath Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Claire And Jack Nath Charitable Foundation (EIN: 134136475) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Claire And Jack Nath Charitable Foundation a good charity to donate to?
Claire And Jack Nath Charitable Foundation has a Mission Score of 75/100. Revenue: $437K. Assets: $1.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Claire And Jack Nath Charitable Foundation?
The Employer Identification Number (EIN) for Claire And Jack Nath Charitable Foundation is 134136475. 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 Claire And Jack Nath Charitable Foundation spend its money?
Claire And Jack Nath Charitable Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Claire And Jack Nath Charitable Foundation's tax-exempt status?
You can verify Claire And Jack Nath Charitable Foundation's tax-exempt status using EIN 134136475 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 Claire And Jack Nath Charitable Foundation appears to be a private foundation, as indicated by its consistent revenue patterns and asset base. Its financial health shows a stable asset base, hovering around $1.5 million to $1.8 million over the past decade. However, recent filings show some volatility; for instance, in 2023, the foundation reported negative revenue of $-4,871 while incurring $112,442 in expenses, leading to a decrease in assets. This trend of expenses often exceeding revenue is common for foundations that primarily disburse grants from an endowment rather than actively fundraising for operational costs.
Spending efficiency is difficult to fully assess without a detailed breakdown of program service expenses versus administrative and fundraising costs, which are not explicitly provided in the summary data. However, as a private foundation, its primary 'program' activity is typically grantmaking. The consistent expenses around $100,000-$120,000 annually suggest a steady level of charitable distributions or related operational costs. The foundation's transparency is generally good, as it consistently files its IRS Form 990s, making its financial data publicly accessible. The absence of officer compensation also points to a lean operational structure, which can be a positive indicator of efficiency.