Is Friedman Family Foundation Legit?

Quick charity verification for Friedman Family Foundation (EIN: 133025979)

Verdict: Friedman Family Foundation appears trustworthy

75/100Mission Score

$48.9MRevenue

$65.7MAssets

3Red Flags

4Strengths

Red Flags

Significant year-over-year revenue and expense volatility, making consistent financial planning challenging.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering full spending efficiency analysis.
NTEE code is unknown, which limits understanding of the organization's specific mission and impact area.

Strengths

Consistent reporting of 0% officer compensation, indicating efficient use of funds and strong governance.
Substantial asset growth from $10.3M in 201207 to $65.6M currently, demonstrating financial stability and capacity.
Consistently low liabilities, suggesting sound financial management and minimal debt burden.
High latest reported revenue of $48,934,160, indicating strong fundraising or investment income potential.

Spending Breakdown

How Friedman Family Foundation allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

10%

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 Friedman Family Foundation

Is Friedman Family Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Friedman Family Foundation (EIN: 133025979) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.

Is Friedman Family Foundation a good charity to donate to?

Friedman Family Foundation has a Mission Score of 75/100. Revenue: $48.9M. Assets: $65.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Friedman Family Foundation?

The Employer Identification Number (EIN) for Friedman Family Foundation is 133025979. 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 Friedman Family Foundation spend its money?

Friedman Family Foundation allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Friedman Family Foundation's tax-exempt status?

You can verify Friedman Family Foundation's tax-exempt status using EIN 133025979 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 Friedman Family Foundation exhibits fluctuating financial performance over the past several years. While the latest reported revenue is $48,934,160, the most recent filing (202407) shows revenue of $4,373,044 against expenses of $10,685,611, indicating a significant deficit for that period. However, the prior year (202307) saw substantial revenue of $31,141,560 against expenses of $5,984,890, contributing to a healthy asset base of $33,486,263. The foundation consistently reports 0% officer compensation across all available filings, which is a positive indicator for donor confidence regarding executive pay.

The foundation's assets have grown significantly, from $10,385,093 in 201207 to $65,652,625 currently, demonstrating strong financial growth and capacity. The consistent reporting of minimal liabilities (often $1 or $0) suggests sound financial management and low debt burden. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, it is challenging to fully assess spending efficiency and program focus. The lack of NTEE code also limits understanding of its specific mission area.

Overall, the foundation appears financially robust with substantial assets and a history of significant revenue generation, albeit with year-to-year variability. The absence of officer compensation is a notable strength in terms of transparency and resource allocation. A more detailed expense breakdown would further enhance transparency and allow for a more precise evaluation of spending efficiency.

View Full Transparency Report →

Disclaimer

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