Is Florence And Laurence Spungenfamily Foundation Legit?
Quick charity verification for Florence And Laurence Spungenfamily Foundation (EIN: 207155204)
Verdict: Florence And Laurence Spungenfamily Foundation appears trustworthy
95/100Mission Score
$5.2MRevenue
$22.3MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Significant asset growth from $3,064,110 in 2011 to $22,234,627 in 2023.
Consistent reporting of 0% officer compensation, indicating high program focus.
Low liabilities relative to substantial assets, demonstrating financial stability.
Strong revenue generation, with the latest reported revenue at $5,246,992 and a peak of $15,852,874 in 2022.
Efficient spending with expenses consistently lower than revenue in most periods.
Spending Breakdown
How Florence And Laurence Spungenfamily Foundation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
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 Florence And Laurence Spungenfamily Foundation
Is Florence And Laurence Spungenfamily Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Florence And Laurence Spungenfamily Foundation (EIN: 207155204) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Florence And Laurence Spungenfamily Foundation a good charity to donate to?
Florence And Laurence Spungenfamily Foundation has a Mission Score of 95/100. Revenue: $5.2M. Assets: $22.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Florence And Laurence Spungenfamily Foundation?
The Employer Identification Number (EIN) for Florence And Laurence Spungenfamily Foundation is 207155204. 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 Florence And Laurence Spungenfamily Foundation spend its money?
Florence And Laurence Spungenfamily Foundation allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Florence And Laurence Spungenfamily Foundation's tax-exempt status?
You can verify Florence And Laurence Spungenfamily Foundation's tax-exempt status using EIN 207155204 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 Florence And Laurence Spungenfamily Foundation demonstrates strong financial health, particularly in its asset growth and consistent revenue generation. Over the past decade, assets have grown significantly from $3,064,110 in 2011 to $22,234,627 in 2023, indicating robust financial management and investment. The foundation's spending efficiency appears high, as evidenced by its low expense ratios relative to revenue in most years, such as in 2023 where expenses were $1,322,236 against $2,936,247 in revenue. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency regarding executive pay and a focus on directing funds towards its mission rather than administrative overhead. The foundation's liabilities have remained relatively low compared to its assets, further indicating financial stability.