Quick charity verification for Ed & Irene Fleis Education Fund Inc (EIN: 200302442)
Verdict: Ed & Irene Fleis Education Fund Inc appears trustworthy
95/100Mission Score
$1.0MRevenue
$1.5MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth, from $322,857 in 2011 to $1,342,601 in 2023.
Zero reported officer compensation across all filings, indicating high efficiency.
Very low liabilities, with the highest reported at $414 in 2023, signifying strong financial health.
Positive operating margins in most recent years (e.g., $171,558 revenue vs. $122,047 expenses in 2023).
Long history of IRS 990 filings (10 filings), demonstrating transparency and compliance.
Spending Breakdown
How Ed & Irene Fleis Education Fund Inc 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 Ed & Irene Fleis Education Fund Inc
Is Ed & Irene Fleis Education Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ed & Irene Fleis Education Fund Inc (EIN: 200302442) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Ed & Irene Fleis Education Fund Inc a good charity to donate to?
Ed & Irene Fleis Education Fund Inc has a Mission Score of 95/100. Revenue: $1.0M. Assets: $1.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Ed & Irene Fleis Education Fund Inc?
The Employer Identification Number (EIN) for Ed & Irene Fleis Education Fund Inc is 200302442. 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 Ed & Irene Fleis Education Fund Inc spend its money?
Ed & Irene Fleis Education Fund Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Ed & Irene Fleis Education Fund Inc's tax-exempt status?
You can verify Ed & Irene Fleis Education Fund Inc's tax-exempt status using EIN 200302442 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 Ed & Irene Fleis Education Fund Inc demonstrates strong financial health and a clear commitment to its program services. Over the past decade, the organization has consistently grown its assets, from $322,857 in 2011 to $1,342,601 in 2023, indicating sound financial management and investment strategies. Its revenue has also shown a positive trend, with the latest reported revenue at $171,558 against expenses of $122,047, suggesting a healthy operating margin. The organization's liabilities have remained relatively low, with the highest reported at $414 in 2023, which is a positive indicator of financial stability.
Spending efficiency appears to be excellent, as the organization consistently reports 0% officer compensation across all available filings, implying that all or nearly all expenses are directed towards program delivery and essential administrative functions. This lack of executive compensation is a significant strength, maximizing the impact of donor contributions. While specific breakdowns of program vs. administrative expenses are not provided in the summary data, the absence of officer compensation strongly suggests a lean operational model.
In terms of transparency, the consistent filing of IRS Form 990s over a decade provides a good historical record. The organization's financial data indicates a focus on accumulating assets to support its educational mission, as evidenced by the substantial growth in assets relative to annual expenses. The low liability figures further enhance its transparency profile, as there are no significant hidden financial obligations. Overall, the fund appears to be a well-managed and financially sound entity dedicated to its stated purpose.