Is Ira And Mary Lou Alpert Foundation Inc…

Quick charity verification for Ira And Mary Lou Alpert Foundation Inc (EIN: 133406434)

Spending Breakdown

How Ira And Mary Lou Alpert Foundation Inc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

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 Ira And Mary Lou Alpert Foundation Inc

Is Ira And Mary Lou Alpert Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Ira And Mary Lou Alpert Foundation Inc (EIN: 133406434) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.

Is Ira And Mary Lou Alpert Foundation Inc a good charity to donate to?

Ira And Mary Lou Alpert Foundation Inc has a Mission Score of 70/100. Revenue: $87K. Assets: $274K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Ira And Mary Lou Alpert Foundation Inc?

The Employer Identification Number (EIN) for Ira And Mary Lou Alpert Foundation Inc is 133406434. 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 Ira And Mary Lou Alpert Foundation Inc spend its money?

Ira And Mary Lou Alpert Foundation Inc allocates 85% to programs, 15% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Ira And Mary Lou Alpert Foundation Inc's tax-exempt status?

You can verify Ira And Mary Lou Alpert Foundation Inc's tax-exempt status using EIN 133406434 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 Ira And Mary Lou Alpert Foundation Inc appears to be a private foundation with a relatively small operational footprint. Its financial health shows some volatility in revenue, with a significant drop from $204,909 in 2021 to $1,443 in 2023, while expenses have generally increased, reaching $52,425 in 2023. This resulted in a deficit of $50,982 in 2023, indicating that the organization spent significantly more than it brought in during that period. Assets have remained relatively stable over the past few years, hovering around $270,000-$320,000, suggesting a reliance on existing capital rather than consistent incoming revenue to cover expenses. The consistent reporting of minimal liabilities ($1 or $0) indicates a healthy balance sheet in terms of debt.

Spending efficiency is difficult to fully assess without a detailed breakdown of program vs. administrative expenses, which is not provided in the summary data. However, the consistent reporting of 0% officer compensation suggests that the organization is not incurring significant overhead in executive salaries. The substantial expenses relative to revenue in recent years, particularly the $52,425 in expenses against $1,443 in revenue in 2023, raise questions about the sustainability of its current spending patterns if this trend continues. The foundation's transparency is generally good, as it consistently files its IRS Form 990s, providing public access to its financial data.

Overall, the foundation exhibits characteristics of a grant-making entity, likely distributing funds rather than operating direct programs. Its financial stability is supported by its asset base, but the recent trend of expenses significantly exceeding revenue warrants closer examination. The absence of officer compensation is a positive indicator of lean operational costs, but the overall efficiency depends heavily on how the reported expenses are allocated between charitable distributions and administrative overhead.

Is Ira And Mary Lou Alpert Foundation Inc Legit?

Verdict: Ira And Mary Lou Alpert Foundation Inc appears trustworthy

Red Flags

Strengths