Is Irving M Einbinder Charitable Foundation Incorporated Legit?
Quick charity verification for Irving M Einbinder Charitable Foundation Incorporated (EIN: 202061329)
Verdict: Irving M Einbinder Charitable Foundation Incorporated appears trustworthy
85/100Mission Score
$1.8MRevenue
$5.9MAssets
1Red Flags
4Strengths
Red Flags
Consistent decline in total assets over recent years (from $6.88M in 2019 to $5.89M in 2023), indicating sustained capital distribution without equivalent replenishment.
Strengths
Zero officer compensation reported across all filings, indicating highly efficient administrative spending.
Substantial asset base ($5,892,121 in 2023) providing a strong financial foundation for grant-making.
Minimal liabilities ($1 across all filings), demonstrating excellent financial stability.
Consistent distribution of funds (expenses often exceeding revenue), fulfilling its mission as a grant-making foundation.
Spending Breakdown
How Irving M Einbinder Charitable Foundation Incorporated 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 M Einbinder Charitable Foundation Incorporated
Is Irving M Einbinder Charitable Foundation Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Irving M Einbinder Charitable Foundation Incorporated (EIN: 202061329) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Irving M Einbinder Charitable Foundation Incorporated a good charity to donate to?
Irving M Einbinder Charitable Foundation Incorporated has a Mission Score of 85/100. Revenue: $1.8M. Assets: $5.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Irving M Einbinder Charitable Foundation Incorporated?
The Employer Identification Number (EIN) for Irving M Einbinder Charitable Foundation Incorporated is 202061329. 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 M Einbinder Charitable Foundation Incorporated spend its money?
Irving M Einbinder Charitable Foundation Incorporated allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Irving M Einbinder Charitable Foundation Incorporated's tax-exempt status?
You can verify Irving M Einbinder Charitable Foundation Incorporated's tax-exempt status using EIN 202061329 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 M Einbinder Charitable Foundation Incorporated appears to be a grant-making foundation, as indicated by its NTEE code T22 (Private Grantmaking Foundations) and consistent pattern of expenses often exceeding revenue in recent years, suggesting it's distributing funds from its endowment. The organization demonstrates strong financial health with substantial assets of $5,892,121 in 2023, significantly outweighing its minimal liabilities of $1. However, a notable trend is the consistent decline in assets from a peak of $6,884,630 in 2019 to $5,892,121 in 2023, while expenses have generally increased, such as from $302,412 in 2019 to $403,135 in 2023. This indicates a sustained distribution of capital, which is typical for a private foundation. The absence of officer compensation reported across all filings suggests a lean operational structure, potentially relying on volunteer efforts or external administrative services, which contributes to spending efficiency.