Is Gerald J & Dorothy R Friedman N Y Foundation For Medical Research Legit?
Quick charity verification for Gerald J & Dorothy R Friedman N Y Foundation For Medical Research (EIN: 134034562)
Verdict: Gerald J & Dorothy R Friedman N Y Foundation For Medical Research appears trustworthy
95/100Mission Score
$19.9MRevenue
$41.3MAssets
1Red Flags
5Strengths
Red Flags
Significant year-to-year revenue volatility (e.g., $11.8M in 2020 vs. $1.3M in 2023) could impact consistent program planning, though assets provide stability.
Strengths
Consistent zero officer compensation across all filings, indicating high efficiency and mission focus.
Significant growth in assets over the past decade, from $23.5M in 2012 to $41.3M currently.
Strong program spending focus, as implied by zero officer compensation and minimal administrative overhead.
High transparency due to clear financial reporting and absence of executive compensation.
Spending Breakdown
How Gerald J & Dorothy R Friedman N Y Foundation For Medical Research allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
Admin Costs
Reasonable — admin costs in check
0%
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 Gerald J & Dorothy R Friedman N Y Foundation For Medical Research
Is Gerald J & Dorothy R Friedman N Y Foundation For Medical Research a legitimate charity?
Based on AI analysis of IRS 990 filings, Gerald J & Dorothy R Friedman N Y Foundation For Medical Research (EIN: 134034562) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
Is Gerald J & Dorothy R Friedman N Y Foundation For Medical Research a good charity to donate to?
Gerald J & Dorothy R Friedman N Y Foundation For Medical Research has a Mission Score of 95/100. Revenue: $19.9M. Assets: $41.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Gerald J & Dorothy R Friedman N Y Foundation For Medical Research?
The Employer Identification Number (EIN) for Gerald J & Dorothy R Friedman N Y Foundation For Medical Research is 134034562. 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 Gerald J & Dorothy R Friedman N Y Foundation For Medical Research spend its money?
Gerald J & Dorothy R Friedman N Y Foundation For Medical Research allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Gerald J & Dorothy R Friedman N Y Foundation For Medical Research's tax-exempt status?
You can verify Gerald J & Dorothy R Friedman N Y Foundation For Medical Research's tax-exempt status using EIN 134034562 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 Gerald J & Dorothy R Friedman N Y Foundation For Medical Research demonstrates a consistent commitment to its mission, as evidenced by its program spending. While the organization's revenue has fluctuated significantly over the past decade, from a low of $993,598 in 2012 to a high of $11,885,915 in 2020, its asset base has shown growth, reaching $41,311,161 in the latest period. The foundation consistently reports zero officer compensation, which is a strong indicator of efficient use of funds and a focus on direct mission-related expenditures. The organization's liabilities have remained extremely low across all reported periods, often at $1 or less, suggesting sound financial management and minimal debt burden.
The foundation's financial health appears stable, with assets significantly outweighing liabilities. The consistent reporting of zero officer compensation across all available filings highlights a strong commitment to directing resources towards its medical research mission rather than executive salaries. This practice contributes positively to its spending efficiency and transparency. The fluctuations in revenue and expenses are typical for foundations that may receive large, infrequent grants or manage endowment distributions, but the overall trend in assets indicates long-term stability and growth.
Given the consistent zero officer compensation and minimal liabilities, the organization exhibits a high degree of transparency regarding its financial operations. The focus on medical research (NTEE Code T22) is clearly supported by its spending patterns, and the absence of executive compensation suggests that administrative costs are likely kept very low, further enhancing its spending efficiency. The foundation's financial practices appear to align well with its stated purpose, making it a financially sound and transparent entity.