Unusual consistent reporting of $1 in liabilities across multiple years, which may warrant further review of accounting practices.
Strengths
No officer compensation reported, indicating low executive overhead.
Long history of IRS 990 filings (10 filings), suggesting a commitment to compliance.
Spending Breakdown
How Dr Lewis A Hare And Ruth Lerman Hare Charitable Foundation allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 Dr Lewis A Hare And Ruth Lerman Hare Charitable Foundation
Is Dr Lewis A Hare And Ruth Lerman Hare Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Dr Lewis A Hare And Ruth Lerman Hare Charitable Foundation (EIN: 202043091) has notable concerns. Mission Score: 35/100. 4 red flags identified, 2 strengths noted.
Is Dr Lewis A Hare And Ruth Lerman Hare Charitable Foundation a good charity to donate to?
Dr Lewis A Hare And Ruth Lerman Hare Charitable Foundation has a Mission Score of 35/100. Revenue: $192K. Assets: $230K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Dr Lewis A Hare And Ruth Lerman Hare Charitable Foundation?
The Employer Identification Number (EIN) for Dr Lewis A Hare And Ruth Lerman Hare Charitable Foundation is 202043091. 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 Dr Lewis A Hare And Ruth Lerman Hare Charitable Foundation spend its money?
Dr Lewis A Hare And Ruth Lerman Hare Charitable Foundation allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Dr Lewis A Hare And Ruth Lerman Hare Charitable Foundation's tax-exempt status?
You can verify Dr Lewis A Hare And Ruth Lerman Hare Charitable Foundation's tax-exempt status using EIN 202043091 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 Dr Lewis A Hare And Ruth Lerman Hare Charitable Foundation exhibits concerning financial trends. Over the past decade, the organization has consistently reported negative or negligible revenue, with significant expenses leading to a substantial decline in assets. For instance, in 2023, revenue was only $6,587 against expenses of $37,284, contributing to a continued decrease in assets from $839,958 in 2011 to $243,741 in 2023. This pattern suggests the foundation is spending down its endowment without sufficient new income, which is unsustainable in the long term. The consistent reporting of $1 in liabilities across recent years is unusual and may warrant further scrutiny regarding accounting practices, though it could also indicate minimal operational debt.
Spending efficiency is difficult to fully assess without a detailed breakdown of program vs. administrative expenses, which is not provided in the summary data. However, the consistent deficit spending, where expenses far outstrip revenue, indicates a lack of financial sustainability. The absence of officer compensation is a positive note for efficiency in that specific area, but it doesn't offset the broader financial decline. The foundation's transparency is limited by the provided data, as key operational expense categories are not delineated, making it challenging to determine how effectively funds are being deployed towards its mission. The continuous asset depletion raises questions about the foundation's long-term viability and its ability to fulfill its charitable purpose.