Is Fain Malsky Foundation Legit?

Spending Breakdown

How Fain Malsky 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 Fain Malsky Foundation

Is Fain Malsky Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Fain Malsky Foundation (EIN: 133474810) shows mixed signals. Mission Score: 45/100. 4 red flags identified, 4 strengths noted.

Is Fain Malsky Foundation a good charity to donate to?

Fain Malsky Foundation has a Mission Score of 45/100. Revenue: $9K. Assets: $391K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Fain Malsky Foundation?

The Employer Identification Number (EIN) for Fain Malsky Foundation is 133474810. 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 Fain Malsky Foundation spend its money?

Fain Malsky Foundation allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Fain Malsky Foundation's tax-exempt status?

You can verify Fain Malsky Foundation's tax-exempt status using EIN 133474810 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 Fain Malsky Foundation exhibits a concerning trend of declining revenue and consistent operating deficits in recent years. In 2023, the organization reported revenue of $7,196 against expenses of $22,789, resulting in a net loss. This pattern is also evident in 2022, with revenue of $5,212 and expenses of $25,423. While the foundation maintains substantial assets relative to its annual revenue, reaching $403,688 in 2023, its ability to sustain operations and fulfill its mission through current income is questionable given the persistent negative net income.

The foundation's financial health appears to be deteriorating, relying on its asset base rather than operational revenue to cover expenses. The lack of reported officer compensation across all filings suggests a volunteer-led or minimally compensated leadership structure, which can be a positive for efficiency. However, without a breakdown of expenses, it's difficult to assess spending efficiency beyond the overall deficit. The consistent reporting of minimal liabilities ($1 in most recent years) indicates a healthy balance sheet in terms of debt.

Transparency is generally good through its consistent 990 filings, but the absence of NTEE code and detailed expense breakdowns limits a deeper understanding of its programmatic focus and operational efficiency. The significant fluctuations in revenue, such as $116,245 in 2019 compared to $7,196 in 2023, suggest an inconsistent funding model, which could pose long-term sustainability challenges.

Verdict: Fain Malsky Foundation shows mixed signals

Red Flags

Strengths