Quick charity verification for Kurt Weill Foundation For Music (EIN: 136139518)
Verdict: Kurt Weill Foundation For Music appears trustworthy
85/100Mission Score
$15.9MRevenue
$42.0MAssets
2Red Flags
3Strengths
Red Flags
Recent operational deficits in 2022 and 2023 where expenses exceeded revenue.
Consistent 0% officer compensation reported, which is unusual for an organization of this asset size and could indicate compensation is reported elsewhere or through a related entity, potentially impacting transparency.
Strengths
Strong and growing asset base, reaching $37,654,383 in 202312, indicating long-term financial health.
Very low liabilities relative to assets, suggesting minimal financial risk.
Consistent financial reporting over a decade, demonstrating transparency in its filings.
Spending Breakdown
How Kurt Weill Foundation For Music allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
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 Kurt Weill Foundation For Music
Is Kurt Weill Foundation For Music a legitimate charity?
Based on AI analysis of IRS 990 filings, Kurt Weill Foundation For Music (EIN: 136139518) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Kurt Weill Foundation For Music a good charity to donate to?
Kurt Weill Foundation For Music has a Mission Score of 85/100. Revenue: $15.9M. Assets: $42.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Kurt Weill Foundation For Music?
The Employer Identification Number (EIN) for Kurt Weill Foundation For Music is 136139518. 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 Kurt Weill Foundation For Music spend its money?
Kurt Weill Foundation For Music allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Kurt Weill Foundation For Music's tax-exempt status?
You can verify Kurt Weill Foundation For Music's tax-exempt status using EIN 136139518 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 Kurt Weill Foundation For Music demonstrates a generally stable financial position with substantial assets, totaling $37,654,383 in the latest filing (202312). While the organization experienced an excess of expenses over revenue in the most recent two periods (202312 and 202212), with expenses of $3,748,305 against revenue of $2,706,277 in 202312, its significant asset base provides a strong buffer. The foundation's assets have shown consistent growth over the past decade, increasing from $21,940,749 in 201112 to its current level, indicating sound long-term financial management. The consistent reporting of 0% officer compensation across all available filings suggests a commitment to directing resources towards its mission rather than executive pay, enhancing its transparency and public trust.
Spending efficiency appears to be managed, though the recent deficits warrant attention. The organization's liabilities remain very low relative to its assets, indicating minimal financial risk. The absence of reported officer compensation is a notable positive for transparency. Overall, the foundation appears financially healthy, supported by its substantial asset base, despite recent operational deficits. Its long-term financial trends suggest prudent management of its endowment and resources.