Is Levon & Claudia Nazarian Family Foundation Inc Legit?
Quick charity verification for Levon & Claudia Nazarian Family Foundation Inc (EIN: 113587458)
Verdict: Levon & Claudia Nazarian Family Foundation Inc appears trustworthy
85/100Mission Score
$3.6MRevenue
$5.3MAssets
2Red Flags
4Strengths
Red Flags
Consistent annual expenses exceeding revenue, indicating reliance on asset drawdowns without clear sustainability plan for future growth (though common for private foundations)
Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes full efficiency assessment challenging
Strengths
Consistent reporting of 0% officer compensation, indicating efficient use of funds for leadership
Minimal liabilities ($0 or $1 across all filings) demonstrates strong financial management
Consistent IRS 990 filing history over a decade, indicating good transparency practices
Spending Breakdown
How Levon & Claudia Nazarian Family Foundation Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Levon & Claudia Nazarian Family Foundation Inc
Is Levon & Claudia Nazarian Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Levon & Claudia Nazarian Family Foundation Inc (EIN: 113587458) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Levon & Claudia Nazarian Family Foundation Inc a good charity to donate to?
Levon & Claudia Nazarian Family Foundation Inc has a Mission Score of 85/100. Revenue: $3.6M. Assets: $5.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Levon & Claudia Nazarian Family Foundation Inc?
The Employer Identification Number (EIN) for Levon & Claudia Nazarian Family Foundation Inc is 113587458. 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 Levon & Claudia Nazarian Family Foundation Inc spend its money?
Levon & Claudia Nazarian Family Foundation Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Levon & Claudia Nazarian Family Foundation Inc's tax-exempt status?
You can verify Levon & Claudia Nazarian Family Foundation Inc's tax-exempt status using EIN 113587458 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 Levon & Claudia Nazarian Family Foundation Inc. demonstrates a consistent financial structure as a private foundation, maintaining substantial assets relative to its annual expenses. Over the past five years (2019-2023), the organization has consistently reported expenses exceeding its revenue, indicating it is drawing down on its endowment or other accumulated funds to support its activities. For instance, in 2023, revenue was $180,689 while expenses were $352,483. This trend suggests a planned distribution strategy rather than a reliance on annual fundraising to cover operational costs.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent reporting of zero officer compensation across all available filings is a strong indicator of efficient use of funds, as it suggests that leadership is either unpaid or compensated through other means not reported as officer compensation. The foundation's liabilities have consistently been minimal ($0 or $1), indicating strong financial management and a lack of significant debt.
In terms of transparency, the consistent filing of IRS Form 990s over a decade is a positive sign. The absence of officer compensation is a transparent practice that can build donor trust. However, without a more granular breakdown of expenses, it's challenging to fully evaluate the proportion of funds directly allocated to programmatic activities versus overhead. The foundation's NTEE code T22 (Private Grantmaking Foundations) aligns with its operational model.