Quick charity verification for Leon And Arline Harman Foundation Inc (EIN: 201738267)
Verdict: Leon And Arline Harman Foundation Inc appears trustworthy
95/100Mission Score
$5.6MRevenue
$19.6MAssets
1Red Flags
4Strengths
Red Flags
Expenses consistently exceeding revenue in recent years (e.g., $1,291,152 expenses vs. $433,175 revenue in 2023), indicating reliance on asset drawdowns.
Strengths
Zero officer compensation across all filings, demonstrating excellent financial stewardship.
Substantial and stable asset base (e.g., $19,607,210 in 2023) providing long-term financial security.
Minimal liabilities ($1 in most recent filings) indicating strong financial health and low debt.
Consistent IRS 990 filing history, reflecting good transparency practices.
Spending Breakdown
How Leon And Arline Harman 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 Leon And Arline Harman Foundation Inc
Is Leon And Arline Harman Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Leon And Arline Harman Foundation Inc (EIN: 201738267) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
Is Leon And Arline Harman Foundation Inc a good charity to donate to?
Leon And Arline Harman Foundation Inc has a Mission Score of 95/100. Revenue: $5.6M. Assets: $19.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Leon And Arline Harman Foundation Inc?
The Employer Identification Number (EIN) for Leon And Arline Harman Foundation Inc is 201738267. 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 Leon And Arline Harman Foundation Inc spend its money?
Leon And Arline Harman Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Leon And Arline Harman Foundation Inc's tax-exempt status?
You can verify Leon And Arline Harman Foundation Inc's tax-exempt status using EIN 201738267 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 Leon And Arline Harman Foundation Inc. demonstrates consistent financial stability with substantial assets, currently at $19,607,210. The organization's revenue has fluctuated significantly over the past decade, from a high of $8,734,383 in 2014 to $433,175 in 2023. Despite these revenue variations, expenses have remained relatively stable, typically ranging between $1 million and $1.3 million in recent years. The foundation consistently reports zero officer compensation, which is a strong indicator of efficient use of funds and a commitment to directing resources towards its mission rather than executive salaries. The minimal liabilities reported across all filings ($1 in most recent years) further underscore a healthy financial position.
The foundation's spending efficiency appears strong, particularly given the absence of officer compensation. While specific program spending details are not provided in the summary data, the consistent expense levels against fluctuating revenue suggest a disciplined approach to operations. The foundation's substantial asset base provides a robust financial cushion, enabling it to continue its philanthropic activities even during periods of lower revenue. The consistent filing of IRS Form 990s over a decade indicates a commitment to transparency, providing public access to its financial operations.
Overall, the Leon And Arline Harman Foundation Inc. appears to be a financially sound and transparent organization. Its significant assets, low liabilities, and zero executive compensation are positive indicators of its dedication to its mission. The fluctuations in revenue, while notable, do not seem to destabilize its operations due to its substantial endowment and controlled expenses.