Is Leo J Signaigo Charitable Trust Legit?

Quick charity verification for Leo J Signaigo Charitable Trust (EIN: 208062519)

Verdict: Leo J Signaigo Charitable Trust appears trustworthy

85/100Mission Score

$150KRevenue

$874KAssets

2Red Flags

4Strengths

Red Flags

Consistent annual expenses exceeding revenue, leading to asset depletion (e.g., 2023: $131,320 expenses vs $84,645 revenue)
Long-term decline in total assets from $1.8M in 2011 to $856K in 2023

Strengths

0% officer compensation reported across all filings, indicating high efficiency and volunteer support
Very low liabilities, often reported as $1, demonstrating strong financial management and minimal debt
Consistent grant-making activity as a private foundation (NTEE T22)
Substantial asset base ($856,015 in 2023) providing financial stability

Spending Breakdown

How Leo J Signaigo Charitable Trust allocates its funds across programs, administration, and fundraising.

95%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

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 Leo J Signaigo Charitable Trust

Is Leo J Signaigo Charitable Trust a legitimate charity?

Based on AI analysis of IRS 990 filings, Leo J Signaigo Charitable Trust (EIN: 208062519) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

Is Leo J Signaigo Charitable Trust a good charity to donate to?

Leo J Signaigo Charitable Trust has a Mission Score of 85/100. Revenue: $150K. Assets: $874K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Leo J Signaigo Charitable Trust?

The Employer Identification Number (EIN) for Leo J Signaigo Charitable Trust is 208062519. 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 Leo J Signaigo Charitable Trust spend its money?

Leo J Signaigo Charitable Trust allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Leo J Signaigo Charitable Trust's tax-exempt status?

You can verify Leo J Signaigo Charitable Trust's tax-exempt status using EIN 208062519 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 Leo J Signaigo Charitable Trust demonstrates consistent financial activity, primarily operating as a grant-making organization. Its financial health appears stable, with assets consistently above $850,000 in recent years, reaching $856,015 in 2023. However, the trust has frequently reported expenses exceeding revenue, such as in 2023 where expenses were $131,320 against revenues of $84,645, indicating it is drawing down on its asset base or relying on prior period gains. This trend of deficit spending is visible in most recent filings, including 2022 ($96,551 expenses vs $91,933 revenue) and 2021 ($126,913 expenses vs $110,125 revenue).

Spending efficiency is difficult to fully assess without a detailed breakdown of expenses beyond the summary 990 data. However, as a charitable trust, its primary function is often direct grant-making, which is inherently program-focused. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of efficient use of funds, as it suggests minimal overhead for executive salaries. This lack of compensation also points to a high degree of volunteerism or very lean administrative structure.

Transparency is generally good, with 10 filings publicly available. The consistent reporting of liabilities as $1 in many periods (e.g., 2023, 2022, 2015, 2014, 2013, 2012) suggests a very low debt burden, which is a positive sign. The NTEE code T22 (Private Grantmaking Foundations) aligns with its operational profile. Overall, while the trust frequently spends more than it earns annually, its substantial asset base provides a buffer, and its lack of executive compensation is a significant positive for efficiency.

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Disclaimer

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