Is David A Steinberg Family Foundation Legit?

Quick charity verification for David A Steinberg Family Foundation (EIN: 200378796)

Verdict: David A Steinberg Family Foundation appears trustworthy

92/100Mission Score
$13.2MRevenue
$12.7MAssets
1Red Flags
4Strengths

Red Flags

Strengths

Spending Breakdown

How David A Steinberg 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 David A Steinberg Family Foundation

Is David A Steinberg Family Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, David A Steinberg Family Foundation (EIN: 200378796) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.

Is David A Steinberg Family Foundation a good charity to donate to?

David A Steinberg Family Foundation has a Mission Score of 92/100. Revenue: $13.2M. Assets: $12.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for David A Steinberg Family Foundation?

The Employer Identification Number (EIN) for David A Steinberg Family Foundation is 200378796. 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 David A Steinberg Family Foundation spend its money?

David A Steinberg Family Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify David A Steinberg Family Foundation's tax-exempt status?

You can verify David A Steinberg Family Foundation's tax-exempt status using EIN 200378796 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 David A Steinberg Family Foundation demonstrates a consistent commitment to its programmatic mission, as evidenced by its financial filings. Over the past several years, the foundation has maintained a healthy asset base, with assets reported at $3,434,424 in 2023 and $3,340,862 in 2022. While revenue has fluctuated, notably with $1,035,537 in 2023 and $1,883,861 in 2022, the organization has generally managed its expenses in relation to its income, though 2023 saw expenses ($1,355,452) exceed revenue. The foundation's transparency is bolstered by its consistent filing of IRS Form 990s, with 15 filings available, indicating a commitment to public disclosure. The foundation's spending efficiency appears strong, particularly given the reported 0% officer compensation across all available filings. This suggests that administrative costs related to executive salaries are non-existent, allowing more funds to be directed towards its charitable activities. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the absence of officer compensation is a positive indicator for efficiency. The foundation's liabilities have consistently been very low, often $1 or $0, which points to sound financial management and minimal debt burden. Overall, the David A Steinberg Family Foundation appears to be a financially stable and transparent organization. Its consistent asset base, low liabilities, and zero reported officer compensation are strong indicators of good financial health and a focus on its mission. The fluctuations in revenue and expenses are typical for foundations that rely on investment returns and donor contributions, but the long-term trend shows a well-managed entity.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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