Is Harry T Mangurian Jr Foundation Inc Legit?

Quick charity verification for Harry T Mangurian Jr Foundation Inc (EIN: 161578255)

Verdict: Harry T Mangurian Jr Foundation Inc appears trustworthy

90/100Mission Score
$56.2MRevenue
$69.7MAssets
1Red Flags
4Strengths

Red Flags

Strengths

Spending Breakdown

How Harry T Mangurian Jr Foundation Inc 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 Harry T Mangurian Jr Foundation Inc

Is Harry T Mangurian Jr Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Harry T Mangurian Jr Foundation Inc (EIN: 161578255) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.

Is Harry T Mangurian Jr Foundation Inc a good charity to donate to?

Harry T Mangurian Jr Foundation Inc has a Mission Score of 90/100. Revenue: $56.2M. Assets: $69.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Harry T Mangurian Jr Foundation Inc?

The Employer Identification Number (EIN) for Harry T Mangurian Jr Foundation Inc is 161578255. 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 Harry T Mangurian Jr Foundation Inc spend its money?

Harry T Mangurian Jr Foundation Inc allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Harry T Mangurian Jr Foundation Inc's tax-exempt status?

You can verify Harry T Mangurian Jr Foundation Inc's tax-exempt status using EIN 161578255 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 Harry T Mangurian Jr Foundation Inc demonstrates a consistent commitment to its programmatic mission, as evidenced by its spending patterns. In the 202312 period, the foundation reported expenses of $12,965,219, with a significant portion directed towards program services. The organization's financial health, while showing a decrease in assets from a high of $130,538,385 in 201512 to $71,495,920 in 202312, indicates a strategy of distributing its endowment rather than accumulating it. This is typical for a private foundation that primarily makes grants. The foundation's spending efficiency appears strong, with a high percentage of expenses allocated to program services. The absence of reported officer compensation across all available filings, including the latest 202312 period, suggests a lean administrative structure and a focus on maximizing funds for its charitable purposes. This practice enhances the organization's overall efficiency and ensures that donor contributions, or in this case, endowment distributions, are primarily used for direct impact. Transparency is generally good, with consistent IRS 990 filings available. The clear reporting of revenue, expenses, assets, and liabilities over multiple years allows for a comprehensive understanding of its financial trajectory. The lack of officer compensation further simplifies the analysis and reinforces the foundation's dedication to its mission without significant overhead for executive salaries.

View Full Transparency Report →

Disclaimer

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

Related Pages