Quick charity verification for Horace W Goldsmith Foundation (EIN: 136107758)
Verdict: Horace W Goldsmith Foundation appears trustworthy
95/100Mission Score
$321.2MRevenue
$826.4MAssets
1Red Flags
5Strengths
Red Flags
No officer compensation reported for an organization of this size, which could indicate an unusual operational model or that compensation is structured in a non-standard way not captured in this line item.
Strengths
Exceptional program spending ratio (95% in 2023), indicating high efficiency.
Zero reported officer compensation, maximizing funds for charitable purposes.
Strong and growing asset base, demonstrating financial stability and long-term sustainability.
Low administrative and fundraising overhead (4% admin, 1% fundraising in 2023).
Consistent and transparent IRS 990 filing history.
Spending Breakdown
How Horace W Goldsmith Foundation allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
4%
Admin Costs
Reasonable — admin costs in check
1%
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 Horace W Goldsmith Foundation
Is Horace W Goldsmith Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Horace W Goldsmith Foundation (EIN: 136107758) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
Is Horace W Goldsmith Foundation a good charity to donate to?
Horace W Goldsmith Foundation has a Mission Score of 95/100. Revenue: $321.2M. Assets: $826.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Horace W Goldsmith Foundation?
The Employer Identification Number (EIN) for Horace W Goldsmith Foundation is 136107758. 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 Horace W Goldsmith Foundation spend its money?
Horace W Goldsmith Foundation allocates 95% to programs, 4% to administration, and 1% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Horace W Goldsmith Foundation's tax-exempt status?
You can verify Horace W Goldsmith Foundation's tax-exempt status using EIN 136107758 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 Horace W Goldsmith Foundation demonstrates a strong commitment to its programmatic mission, consistently allocating a significant portion of its expenses to program services. For instance, in 2023, with total expenses of $32,084,823, the foundation reported 95% of its expenses going towards program services, indicating highly efficient spending directly aligned with its charitable purpose. The organization maintains a robust asset base, with assets of $753,425,740 in 2023, significantly exceeding its liabilities of $14,641,136, suggesting strong financial stability.
While the foundation's revenue has fluctuated over the years, including a notable peak of $88,903,334 in 2021, its consistent program spending ratio and substantial asset growth (from $392,124,459 in 2011 to $753,425,740 in 2023) highlight a well-managed and financially sound operation. The absence of reported officer compensation further enhances its transparency and dedication to maximizing funds for its mission. The foundation's consistent filing history and detailed financial disclosures contribute to a high level of transparency.