Quick charity verification for Landing Foundation Inc (EIN: 202828386)
Verdict: Landing Foundation Inc has notable concerns
5/100Mission Score
$1Revenue
$1Assets
4Red Flags
1Strengths
Red Flags
Consistent reporting of $1 revenue and $0 expenses for four consecutive years (2019-2022), indicating potential dormancy or lack of operations.
Significant liabilities (e.g., $623,170 in 2022) far exceeding reported assets ($1), indicating severe insolvency.
Lack of any reported program spending for multiple years, raising questions about charitable activity.
Minimal assets ($1) reported consistently, suggesting no significant financial resources.
Strengths
No reported officer compensation, indicating no personal financial benefit to executives from the organization's limited funds.
Spending Breakdown
How Landing Foundation Inc allocates its funds across programs, administration, and fundraising.
0%
Program Spending
Concerning — less than half to programs
0%
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 Landing Foundation Inc
Is Landing Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Landing Foundation Inc (EIN: 202828386) has notable concerns. Mission Score: 5/100. 4 red flags identified, 1 strength noted.
Is Landing Foundation Inc a good charity to donate to?
Landing Foundation Inc has a Mission Score of 5/100. Revenue: $1. Assets: $1. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Landing Foundation Inc?
The Employer Identification Number (EIN) for Landing Foundation Inc is 202828386. 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 Landing Foundation Inc spend its money?
Landing Foundation Inc allocates 0% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Landing Foundation Inc's tax-exempt status?
You can verify Landing Foundation Inc's tax-exempt status using EIN 202828386 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
Landing Foundation Inc. exhibits extremely concerning financial health based on its IRS 990 filings. For the past four reporting periods (2019-2022), the organization reported negligible revenue of $1, with zero expenses. This suggests either minimal to no operational activity or significant underreporting. Despite minimal revenue, the organization consistently reports substantial liabilities, reaching $623,170 in 2022, far exceeding its reported assets of $1. This indicates a severe insolvency issue and raises questions about the nature of these liabilities and the organization's ability to meet its obligations.
The lack of reported expenses for several years makes it impossible to assess spending efficiency or program focus. Without any operational spending, there's no evidence of charitable activities being conducted. The consistent reporting of $1 in assets and revenue, alongside large liabilities, points to a potential shell organization or one that is effectively dormant and financially distressed. The organization's transparency is severely hampered by the lack of detailed financial activity, making it difficult for donors or the public to understand its purpose or impact.
Overall, the financial data presents a picture of an organization with significant financial distress and a lack of discernible charitable operations. The consistent reporting of minimal assets and revenue against substantial liabilities is a major red flag for financial health and operational viability. The absence of expenses further complicates any assessment of its charitable effectiveness.