Quick charity verification for Korobkin Foundation Inc (EIN: 133985413)
Verdict: Korobkin Foundation Inc appears trustworthy
85/100Mission Score
$51KRevenue
$250KAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent zero officer compensation, indicating high efficiency and volunteer-led operations.
Stable asset base, demonstrating financial resilience and long-term planning.
Regular IRS 990 filings, showing commitment to transparency and compliance.
Low liabilities ($1 across all filings), indicating strong financial health and minimal debt.
Spending Breakdown
How Korobkin Foundation Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
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 Korobkin Foundation Inc
Is Korobkin Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Korobkin Foundation Inc (EIN: 133985413) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
Is Korobkin Foundation Inc a good charity to donate to?
Korobkin Foundation Inc has a Mission Score of 85/100. Revenue: $51K. Assets: $250K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Korobkin Foundation Inc?
The Employer Identification Number (EIN) for Korobkin Foundation Inc is 133985413. 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 Korobkin Foundation Inc spend its money?
Korobkin Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Korobkin Foundation Inc's tax-exempt status?
You can verify Korobkin Foundation Inc's tax-exempt status using EIN 133985413 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 Korobkin Foundation Inc. demonstrates consistent financial stability with assets steadily maintained around $220,000 - $250,000 over the past decade, reaching $250,222 in the latest period. Revenue has fluctuated, with a high of $100,777 in 2021 and a low of $14,636 in 2012, indicating reliance on varying annual contributions. The organization consistently reports zero officer compensation across all filings, which is a strong indicator of volunteer-led operations and efficient use of funds for its stated purpose. Expenses generally track revenue, suggesting a lean operational model.
Given the NTEE code T20Z (Private Grantmaking Foundations), the foundation's primary activity is likely grantmaking. Without detailed expense breakdowns beyond total expenses, it's challenging to precisely assess spending efficiency in terms of program vs. administrative costs. However, the absence of officer compensation suggests a high degree of financial prudence. The consistent filing of IRS Form 990s over a decade indicates a commitment to regulatory compliance and transparency.
Overall, the Korobkin Foundation appears to be a well-managed, volunteer-driven entity with a stable asset base. Its financial health is sound, and its transparency is good through consistent public filings and the clear indication of no executive compensation. Further analysis would require detailed expense breakdowns to fully ascertain program spending ratios.