Is Frieda And Leon Steinberg Charitable Foundation Legit?
Quick charity verification for Frieda And Leon Steinberg Charitable Foundation (EIN: 201986221)
Verdict: Frieda And Leon Steinberg Charitable Foundation shows mixed signals
45/100Mission Score
$1.8MRevenue
$1.1MAssets
4Red Flags
4Strengths
Red Flags
Consistent and significant operating deficits, with expenses far exceeding revenue in multiple recent periods (e.g., $132,230 expenses vs. $13,962 revenue in 2023).
Negative revenue reported in 2022 ($-47,821), indicating substantial losses or returns.
Significant decline in assets from $1,060,073 in 2019 to $540,421 in 2023, suggesting unsustainable spending.
Lack of clear explanation in filings for how ongoing deficits will be managed or reversed.
Strengths
Zero reported officer compensation across all filings, indicating highly efficient executive cost management.
Very low liabilities across all periods, suggesting a fiscally conservative approach to debt.
Consistent filing of IRS Form 990s, indicating transparency in reporting.
Spending Breakdown
How Frieda And Leon Steinberg Charitable Foundation allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Frieda And Leon Steinberg Charitable Foundation
Is Frieda And Leon Steinberg Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Frieda And Leon Steinberg Charitable Foundation (EIN: 201986221) shows mixed signals. Mission Score: 45/100. 4 red flags identified, 4 strengths noted.
Is Frieda And Leon Steinberg Charitable Foundation a good charity to donate to?
Frieda And Leon Steinberg Charitable Foundation has a Mission Score of 45/100. Revenue: $1.8M. Assets: $1.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Frieda And Leon Steinberg Charitable Foundation?
The Employer Identification Number (EIN) for Frieda And Leon Steinberg Charitable Foundation is 201986221. 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 Frieda And Leon Steinberg Charitable Foundation spend its money?
Frieda And Leon Steinberg Charitable Foundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Frieda And Leon Steinberg Charitable Foundation's tax-exempt status?
You can verify Frieda And Leon Steinberg Charitable Foundation's tax-exempt status using EIN 201986221 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 Frieda And Leon Steinberg Charitable Foundation exhibits a concerning financial trend, consistently reporting expenses significantly exceeding revenue in recent years. For instance, in 2023, expenses were $132,230 against revenue of $13,962, and in 2022, expenses were $110,589 while revenue was negative at $-47,821. This pattern of deficit spending, particularly with negative revenue in one period, raises questions about the sustainability of its operations and its long-term financial health. While the organization maintains substantial assets, reported at $1,091,395 in its latest filing, the consistent depletion of these assets through ongoing operational deficits is a significant red flag.
The foundation's NTEE code T22 indicates it is a private grantmaking foundation. As such, its primary 'program' activity is typically making grants. Without a detailed breakdown of expenses beyond the summary data, it's challenging to assess spending efficiency in terms of program delivery versus administrative or fundraising costs. However, the absence of reported officer compensation across all filings suggests a lean operational structure in terms of executive salaries, which is a positive indicator for donor confidence in that specific area. The low liabilities across all periods also suggest a fiscally conservative approach to debt.
Transparency is generally good given the availability of 990 filings. However, the financial performance itself, characterized by consistent and substantial operating deficits, warrants closer scrutiny. Donors would benefit from a clearer explanation of how the foundation plans to address its ongoing revenue shortfalls and ensure the long-term viability of its charitable mission, especially given the significant decline in assets from $1,060,073 in 2019 to $540,421 in 2023.