Is Leona M & Harry B Helmsley Charitable Trust Legit?
Quick charity verification for Leona M & Harry B Helmsley Charitable Trust (EIN: 137184401)
Verdict: Leona M & Harry B Helmsley Charitable Trust appears trustworthy
95/100Mission Score
$777.7MRevenue
$7.1BAssets
1Red Flags
4Strengths
Red Flags
Lack of detailed breakdown for administrative expenses in provided data, though 0% officer comp is positive.
Strengths
Consistent 0% officer compensation across all reported periods.
Substantial and growing asset base (over $7 billion in recent years) ensuring long-term sustainability.
High proportion of expenses directed towards programmatic activities (grants).
Strong financial health with revenues consistently exceeding expenses in most recent periods.
Spending Breakdown
How Leona M & Harry B Helmsley Charitable Trust allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
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 Leona M & Harry B Helmsley Charitable Trust
Is Leona M & Harry B Helmsley Charitable Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Leona M & Harry B Helmsley Charitable Trust (EIN: 137184401) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
Is Leona M & Harry B Helmsley Charitable Trust a good charity to donate to?
Leona M & Harry B Helmsley Charitable Trust has a Mission Score of 95/100. Revenue: $777.7M. Assets: $7.1B. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Leona M & Harry B Helmsley Charitable Trust?
The Employer Identification Number (EIN) for Leona M & Harry B Helmsley Charitable Trust is 137184401. 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 Leona M & Harry B Helmsley Charitable Trust spend its money?
Leona M & Harry B Helmsley Charitable Trust allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Leona M & Harry B Helmsley Charitable Trust's tax-exempt status?
You can verify Leona M & Harry B Helmsley Charitable Trust's tax-exempt status using EIN 137184401 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 Leona M & Harry B Helmsley Charitable Trust demonstrates strong financial health and a clear commitment to its programmatic mission. As a grant-making foundation, its primary 'program' spending is in the form of grants. In the latest filing period (202303), the Trust reported expenses of $534,910,918 against revenues of $629,133,449, indicating a well-managed operational budget. Over the past five years, expenses have consistently been a significant portion of revenue, reflecting active grant-making. The Trust's substantial asset base, consistently over $7 billion in recent years, ensures long-term sustainability for its charitable endeavors. The consistent reporting of 0% officer compensation further enhances its transparency and efficiency profile, as all funds appear to be directed towards its mission or asset growth.