Is George & Raymond Frank Foundation Legit?…

Quick charity verification for George & Raymond Frank Foundation (EIN: 10520094)

Strengths

Consistent asset growth, from $1,691,934 in 2014 to $3,867,679 in 2023, indicating strong financial health.
Zero officer compensation reported across all filings, maximizing funds for programmatic use.
Revenue consistently exceeding expenses in most recent years, such as $1,723,187 revenue vs. $1,255,132 expenses in 2023, demonstrating efficient financial management.
Low and decreasing liabilities, from $202,326 in 2019 to $25,050 in 2023, indicating minimal financial risk.
Consistent filing of IRS 990s over 13 periods, reflecting strong transparency and accountability.

Spending Breakdown

How George & Raymond Frank Foundation allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

10%

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 George & Raymond Frank Foundation

Is George & Raymond Frank Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, George & Raymond Frank Foundation (EIN: 10520094) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.

Is George & Raymond Frank Foundation a good charity to donate to?

George & Raymond Frank Foundation has a Mission Score of 92/100. Revenue: $1.4M. Assets: $4.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for George & Raymond Frank Foundation?

The Employer Identification Number (EIN) for George & Raymond Frank Foundation is 10520094. 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 George & Raymond Frank Foundation spend its money?

George & Raymond Frank Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify George & Raymond Frank Foundation's tax-exempt status?

You can verify George & Raymond Frank Foundation's tax-exempt status using EIN 10520094 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 George & Raymond Frank Foundation demonstrates strong financial health and a consistent commitment to its mission, as evidenced by its IRS 990 filings. Over the past decade, the organization has consistently maintained a healthy asset base, growing from $1,691,934 in 2014 to $3,867,679 in 2023. Its revenue streams have generally outpaced expenses, particularly in recent years, with 2023 showing revenue of $1,723,187 against expenses of $1,255,132, indicating efficient management of resources and a positive operating margin. The foundation's liabilities have remained relatively low, further underscoring its financial stability.

The foundation's spending efficiency appears robust, given the consistent positive net income in most years and the absence of officer compensation, suggesting that a significant portion of funds is directed towards programmatic activities rather than administrative overhead related to executive salaries. While specific program spending percentages are not detailed in the provided data, the overall financial trends point to a well-managed organization. The consistent filing of IRS 990s over 13 periods indicates a commitment to transparency, providing public access to its financial operations.

Overall, the George & Raymond Frank Foundation exhibits characteristics of a financially sound and responsibly managed nonprofit. Its growing assets, controlled liabilities, and consistent operational surpluses contribute to a positive assessment of its long-term sustainability and capacity to fulfill its NTEE Code N20 mission.

Is George & Raymond Frank Foundation Legit?

Verdict: George & Raymond Frank Foundation appears trustworthy