Is Irving And Bernice Singer Family Foundation Legit?
Quick charity verification for Irving And Bernice Singer Family Foundation (EIN: 20449779)
Verdict: Irving And Bernice Singer Family Foundation appears trustworthy
70/100Mission Score
$896KRevenue
$47KAssets
3Red Flags
3Strengths
Red Flags
Significant negative revenue in the latest filing ($-32,487 in 202312).
Over 94% reduction in assets in the latest fiscal year (from $936,563 to $46,999).
Expenses ($857,077 in 202312) far exceeded revenue, leading to a substantial draw on assets.
Strengths
Consistent history of IRS 990 filings, indicating transparency.
0% officer compensation reported across all filings, suggesting efficient use of funds for mission-related activities.
Historically maintained a stable asset base for over a decade prior to the 2023 fiscal year.
Spending Breakdown
How Irving And Bernice Singer Family Foundation 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 Irving And Bernice Singer Family Foundation
Is Irving And Bernice Singer Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Irving And Bernice Singer Family Foundation (EIN: 20449779) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
Is Irving And Bernice Singer Family Foundation a good charity to donate to?
Irving And Bernice Singer Family Foundation has a Mission Score of 70/100. Revenue: $896K. Assets: $47K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Irving And Bernice Singer Family Foundation?
The Employer Identification Number (EIN) for Irving And Bernice Singer Family Foundation is 20449779. 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 Irving And Bernice Singer Family Foundation spend its money?
Irving And Bernice Singer Family Foundation allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Irving And Bernice Singer Family Foundation's tax-exempt status?
You can verify Irving And Bernice Singer Family Foundation's tax-exempt status using EIN 20449779 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 Irving And Bernice Singer Family Foundation appears to be a private foundation primarily engaged in grantmaking, as indicated by its consistent expenses over the years, with no officer compensation reported. The organization's financial health has seen a significant shift in its latest filing (202312), reporting negative revenue of $-32,487 and expenses of $857,077, leading to a drastic reduction in assets from $936,563 in 202212 to $46,999. This suggests a substantial distribution of assets or a significant financial event in the most recent period.
Prior to 2023, the foundation maintained a relatively stable asset base around $1 million, with annual revenues generally covering or exceeding expenses, indicating a sustainable operational model for a private foundation. The sudden drop in assets and negative revenue in the latest period warrants closer examination to understand if this represents a planned spend-down of assets or a financial challenge.
Transparency appears adequate given the consistent filing of IRS Form 990s, and the absence of officer compensation simplifies the analysis of administrative efficiency, as most expenses would likely be program-related grants or necessary operational costs for a foundation of this type. However, the dramatic change in the latest financial period requires further context for a complete understanding of its current financial standing and future capacity.