Is Lazarex Cancer Foundation Legit?

Quick charity verification for Lazarex Cancer Foundation (EIN: 202562494)

Verdict: Lazarex Cancer Foundation appears trustworthy

85/100Mission Score
$2.7MRevenue
$2.2MAssets
3Red Flags
4Strengths

Red Flags

Strengths

Spending Breakdown

How Lazarex Cancer Foundation allocates its funds across programs, administration, and fundraising.

85%
Program Spending
Healthy — majority goes to mission
10%
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 Lazarex Cancer Foundation

Is Lazarex Cancer Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Lazarex Cancer Foundation (EIN: 202562494) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.

Is Lazarex Cancer Foundation a good charity to donate to?

Lazarex Cancer Foundation has a Mission Score of 85/100. Revenue: $2.7M. Assets: $2.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Lazarex Cancer Foundation?

The Employer Identification Number (EIN) for Lazarex Cancer Foundation is 202562494. 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 Lazarex Cancer Foundation spend its money?

Lazarex Cancer Foundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Lazarex Cancer Foundation's tax-exempt status?

You can verify Lazarex Cancer Foundation's tax-exempt status using EIN 202562494 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

Lazarex Cancer Foundation demonstrates a commitment to its mission, with program expenses consistently forming the largest portion of its total spending. For example, in 2023, total expenses were $6,230,037, and program service expenses were $5,295,531, representing approximately 85% of total expenses. The organization has also maintained a strong balance sheet in previous years, with assets significantly exceeding liabilities, though the most recent filing shows a notable decrease in assets from $6,902,437 in 2022 to $4,149,538 in 2023, alongside an increase in liabilities from $1,833,202 to $1,573,884. This shift warrants closer examination to understand the underlying financial activities. While the organization's program spending is commendable, a trend of expenses exceeding revenue has been observed in recent years. In 2023, expenses ($6,230,037) significantly outpaced revenue ($3,734,815), resulting in a deficit. Similar trends were seen in 2022 and 2021. This sustained operational deficit, if not addressed, could impact long-term financial stability. The organization's transparency is enhanced by its consistent filing of IRS Form 990s, which show no reported officer compensation, indicating that executive leadership is not drawing a salary from the organization, which is a positive sign for donor confidence. Overall, Lazarex Cancer Foundation appears to be an organization dedicated to its mission, effectively channeling resources into programs. However, the recent financial deficits and the decrease in assets suggest a need for strategic financial planning to ensure sustainability. Donors should review the detailed financial statements to understand the nature of these deficits and the organization's plans to achieve financial equilibrium.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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