Quick charity verification for Grossman Family Charitable Funds Inc (EIN: 136091872)
Verdict: Grossman Family Charitable Funds Inc appears trustworthy
92/100Mission Score
$465KRevenue
$1.9MAssets
1Red Flags
5Strengths
Red Flags
NTEE Code Unknown (limits understanding of specific mission area)
Strengths
Consistent asset growth (from $880,594 in 2011 to $1,720,556 in 2023)
Zero officer compensation reported across all filings
Very low liabilities ($1 or $0 consistently)
Strong financial stability with significant net assets
Consistent filing history demonstrating transparency
Spending Breakdown
How Grossman Family Charitable Funds Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
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 Grossman Family Charitable Funds Inc
Is Grossman Family Charitable Funds Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Grossman Family Charitable Funds Inc (EIN: 136091872) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Grossman Family Charitable Funds Inc a good charity to donate to?
Grossman Family Charitable Funds Inc has a Mission Score of 92/100. Revenue: $465K. Assets: $1.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Grossman Family Charitable Funds Inc?
The Employer Identification Number (EIN) for Grossman Family Charitable Funds Inc is 136091872. 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 Grossman Family Charitable Funds Inc spend its money?
Grossman Family Charitable Funds Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Grossman Family Charitable Funds Inc's tax-exempt status?
You can verify Grossman Family Charitable Funds Inc's tax-exempt status using EIN 136091872 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
Grossman Family Charitable Funds Inc operates as a grant-making organization, as evidenced by its consistent pattern of expenses being significantly lower than its revenue, leading to substantial asset growth over time. For instance, in 2023, the organization reported revenue of $139,464 against expenses of $72,787, contributing to its asset base of $1,720,556. This suggests a focus on building an endowment or accumulating funds for future grant distributions rather than immediate, high-volume program spending. The organization's liabilities have consistently been negligible ($1 or $0), indicating strong financial stability and minimal debt burden.
The organization demonstrates strong financial health with a robust and growing asset base, increasing from $880,594 in 2011 to $1,720,556 in 2023. Its spending efficiency, while not directly measurable in terms of program delivery costs due to its grant-making nature, appears sound given the low expense-to-revenue ratio. The absence of officer compensation reported across all filings indicates a volunteer-led or very lean operational structure, which contributes to its efficiency. Transparency is high, with consistent IRS 990 filings available over a long period, showing clear financial trends and no significant red flags regarding financial reporting.