Strong program focus, as implied by the absence of executive compensation and the nature of a private grantmaking foundation.
Transparent financial reporting through consistent IRS 990 filings.
Spending Breakdown
How Coretz Family Foundation allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
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 Coretz Family Foundation
Is Coretz Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Coretz Family Foundation (EIN: 201813311) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Coretz Family Foundation a good charity to donate to?
Coretz Family Foundation has a Mission Score of 90/100. Revenue: $21.0M. Assets: $59.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Coretz Family Foundation?
The Employer Identification Number (EIN) for Coretz Family Foundation is 201813311. 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 Coretz Family Foundation spend its money?
Coretz Family Foundation allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Coretz Family Foundation's tax-exempt status?
You can verify Coretz Family Foundation's tax-exempt status using EIN 201813311 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 Coretz Family Foundation demonstrates a strong commitment to its mission, as evidenced by its consistent program spending. In the latest reported period (202312), the foundation incurred expenses of $3,713,371, with a significant portion likely directed towards its charitable activities, given the absence of officer compensation. The organization's assets have grown substantially over the years, from $9,493,088 in 2011 to $59,573,064 in 2023, indicating sound financial management and investment growth. While revenue has fluctuated, including a negative revenue period in 2020, the foundation has maintained a robust asset base and low liabilities, suggesting financial stability.
The foundation's transparency is high, with readily available IRS 990 filings showing no reported officer compensation across all periods, which is a positive indicator for donor trust. The consistent reporting of minimal liabilities ($1 in recent years) further underscores its financial health. The NTEE code T22 (Private Grantmaking Foundations) aligns with its operational model, and the financial data supports its role as a grantmaker rather than a direct service provider with high administrative overhead. The lack of officer compensation is a key factor in its spending efficiency.
Overall, the Coretz Family Foundation appears to be a well-managed and financially stable organization. Its consistent asset growth, minimal liabilities, and zero officer compensation contribute to a positive assessment of its financial health and transparency. The foundation's ability to sustain its operations and grow its endowment, even with fluctuating annual revenues, speaks to its long-term viability and commitment to its philanthropic goals.