Is Foundation Mireille And James Levy Usa Legit?

Quick charity verification for Foundation Mireille And James Levy Usa (EIN: 133703640)

Verdict: Foundation Mireille And James Levy Usa shows mixed signals

65/100Mission Score

$2.2MRevenue

$37.4MAssets

4Red Flags

3Strengths

Red Flags

Extreme volatility in revenue and expenses across reporting periods, making financial performance unpredictable.
Reporting of $0 expenses in some years (e.g., 2020) despite significant revenue, which is atypical for an active nonprofit.
Lack of detailed expense breakdowns in the provided data, hindering a precise assessment of spending efficiency.
Significant decrease in assets from a peak of $102 million in 2020 to $36.8 million in 2023 without clear corresponding expense reporting.

Strengths

Consistent reporting of $0 officer compensation, indicating no executive salaries or benefits.
Consistently low liabilities ($1), suggesting strong financial solvency and minimal debt.
Substantial asset base, even after fluctuations, providing a foundation for future grantmaking activities.

Spending Breakdown

How Foundation Mireille And James Levy Usa allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

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 Foundation Mireille And James Levy Usa

Is Foundation Mireille And James Levy Usa a legitimate charity?

Based on AI analysis of IRS 990 filings, Foundation Mireille And James Levy Usa (EIN: 133703640) shows mixed signals. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.

Is Foundation Mireille And James Levy Usa a good charity to donate to?

Foundation Mireille And James Levy Usa has a Mission Score of 65/100. Revenue: $2.2M. Assets: $37.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Foundation Mireille And James Levy Usa?

The Employer Identification Number (EIN) for Foundation Mireille And James Levy Usa is 133703640. 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 Foundation Mireille And James Levy Usa spend its money?

Foundation Mireille And James Levy Usa allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Foundation Mireille And James Levy Usa's tax-exempt status?

You can verify Foundation Mireille And James Levy Usa's tax-exempt status using EIN 133703640 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

Foundation Mireille And James Levy Usa demonstrates a highly variable financial history, with significant fluctuations in revenue and expenses over the past decade. For instance, revenue soared to $132,534,900 in 2019 but dropped to $277,701 in 2021, before recovering to $2,505,224 in 2023. Similarly, expenses show extreme variability, including $65,422,560 in 2021 and $0 in 2020. The organization consistently reports minimal liabilities ($1) and zero officer compensation across all available filings, which suggests a lean operational structure at the executive level. However, the dramatic swings in financial activity, particularly the $0 expenses reported in 2020, warrant closer examination to understand the underlying operational model and how funds are deployed or retained.

The foundation's asset base has also seen substantial changes, peaking at over $102 million in 2020 and currently standing at $36,835,092 as of 2023. The absence of reported officer compensation is a positive indicator for transparency regarding executive pay. However, the lack of detailed expense breakdowns in the provided data makes it challenging to fully assess spending efficiency across programs, administration, and fundraising. The NTEE code T20Z (Private Grantmaking Foundations) suggests its primary activity is grantmaking, which would typically involve significant program spending. The extreme fluctuations in expenses, including periods of zero reported expenses, raise questions about the consistency and nature of its philanthropic activities.

Overall, while the organization exhibits transparency in executive compensation (or lack thereof), the highly inconsistent financial reporting, particularly the dramatic shifts in revenue and expenses, makes a comprehensive assessment of its financial health and spending efficiency difficult without further detailed information. The consistent reporting of minimal liabilities is a strength, but the volatility in assets and expenses suggests an unpredictable operational pattern that could impact long-term stability and programmatic impact.

View Full Transparency Report →

Disclaimer

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