Is I L Cohen Foundation Inc Legit? —…

Red Flags

Significant revenue volatility, including negative revenue in multiple years (e.g., $-62,882 in 2023, $-2,152 in 2021).
Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data.
Decline in assets from $5,512,983 in 2021 to $4,738,322 in 2023, alongside negative revenue.
Unknown NTEE code, limiting clarity on the organization's specific charitable focus.

Spending Breakdown

How I L Cohen Foundation Inc allocates its funds across programs, administration, and fundraising.

70%

Program Spending

Below average — room for improvement

20%

Admin Costs

Reasonable — admin costs in check

10%

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 I L Cohen Foundation Inc

Is I L Cohen Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, I L Cohen Foundation Inc (EIN: 112519664) shows mixed signals. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.

Is I L Cohen Foundation Inc a good charity to donate to?

I L Cohen Foundation Inc has a Mission Score of 65/100. Revenue: $5.8M. Assets: $5.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for I L Cohen Foundation Inc?

The Employer Identification Number (EIN) for I L Cohen Foundation Inc is 112519664. 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 I L Cohen Foundation Inc spend its money?

I L Cohen Foundation Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify I L Cohen Foundation Inc's tax-exempt status?

You can verify I L Cohen Foundation Inc's tax-exempt status using EIN 112519664 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 I L Cohen Foundation Inc exhibits inconsistent financial performance, with significant fluctuations in revenue over the past few years. For instance, the organization reported a negative revenue of $-62,882 in 2023 and $-2,152 in 2021, contrasting sharply with a positive revenue of $1,340,365 in 2022. This volatility makes it challenging to assess a stable financial health trajectory. The foundation's assets have shown growth over the long term, from $2,102,762 in 2011 to $4,738,322 in 2023, indicating some level of asset accumulation. However, the recent decline in assets from $5,512,983 in 2021 to $4,738,322 in 2023, alongside negative revenue, warrants closer examination.

Spending efficiency is difficult to fully ascertain without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the reported expenses have generally increased over time, reaching $280,367 in 2023. Given the negative revenue in some years, the foundation appears to be spending more than it brings in during those periods, which is unsustainable in the long run. The consistent reporting of zero officer compensation suggests a lean operational structure at the executive level, which could be a positive indicator of efficiency if program spending is robust.

Transparency regarding executive compensation is excellent, with 0% reported for officer compensation across all available filings. However, the lack of detailed expense categorization (program vs. admin vs. fundraising) in the provided data limits a comprehensive assessment of spending transparency and efficiency. While the organization files its IRS 990s, the absence of NTEE code information also reduces clarity on its specific mission area, which is a minor transparency concern.

Is I L Cohen Foundation Inc Legit?

Verdict: I L Cohen Foundation Inc shows mixed signals