Is Irving And Esther Raab Famillyfoundation Inc Legit?
Quick charity verification for Irving And Esther Raab Famillyfoundation Inc (EIN: 203965703)
Verdict: Irving And Esther Raab Famillyfoundation Inc appears trustworthy
92/100Mission Score
$992KRevenue
$1.3MAssets
1Red Flags
5Strengths
Red Flags
Lack of detailed expense breakdown (program, admin, fundraising) in provided summary data, making precise efficiency calculations difficult.
Strengths
Consistent growth in assets, from $248,144 in 2012 to $936,479 in 2023.
Minimal liabilities, consistently reported as $1 or $0 across all filings.
No reported officer compensation, indicating high efficiency and dedication.
Revenue consistently exceeds expenses, contributing to financial stability and asset growth.
Long history of consistent IRS 990 filings, demonstrating transparency.
Spending Breakdown
How Irving And Esther Raab Famillyfoundation Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
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 Esther Raab Famillyfoundation Inc
Is Irving And Esther Raab Famillyfoundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Irving And Esther Raab Famillyfoundation Inc (EIN: 203965703) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Irving And Esther Raab Famillyfoundation Inc a good charity to donate to?
Irving And Esther Raab Famillyfoundation Inc has a Mission Score of 92/100. Revenue: $992K. Assets: $1.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Irving And Esther Raab Famillyfoundation Inc?
The Employer Identification Number (EIN) for Irving And Esther Raab Famillyfoundation Inc is 203965703. 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 Esther Raab Famillyfoundation Inc spend its money?
Irving And Esther Raab Famillyfoundation Inc allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Irving And Esther Raab Famillyfoundation Inc's tax-exempt status?
You can verify Irving And Esther Raab Famillyfoundation Inc's tax-exempt status using EIN 203965703 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 Esther Raab Famillyfoundation Inc demonstrates strong financial health and a clear commitment to its program services, as evidenced by its consistent growth in assets and revenue over the past several years. In the latest filing period (202312), the organization reported revenue of $333,549 against expenses of $74,833, indicating a significant surplus that contributes to its asset base, which reached $936,479. This trend of revenue exceeding expenses is generally positive, allowing for sustained grantmaking or program activities. The organization's liabilities have remained minimal, consistently reported as $1 or $0 across all available filings, suggesting sound financial management and low debt risk.
The foundation's spending efficiency appears high, with a substantial portion of its expenses likely directed towards its charitable mission, given the absence of officer compensation and low overall expenses relative to revenue. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the overall low expense figures suggest that a high percentage of funds are either retained for future grantmaking or directly disbursed as program services. The consistent growth in assets, from $248,144 in 2012 to $936,479 in 2023, further supports the notion of effective financial stewardship and capacity building.
Transparency is generally good, with consistent IRS 990 filings available over a long period. The absence of officer compensation is a notable positive for transparency and efficiency, indicating that leadership is either volunteer-based or compensated through other means not reported as officer compensation, which is common for family foundations. The minimal liabilities also contribute to a clear financial picture. To further enhance transparency, a more detailed breakdown of expense categories (program, administrative, fundraising) would be beneficial, though not always required for smaller foundations.