Is Lisa B Fishman Foundation Inc Legit? —…

Quick charity verification for Lisa B Fishman Foundation Inc (EIN: 203967247)

Strengths

Consistent financial surpluses in recent years, notably $175,944 in 2023 ($273,743 revenue - $97,799 expenses).
Significant growth in assets from $55,010 in 2021 to $299,390 in 2023.
Zero reported liabilities across all filing periods, indicating strong financial health and low risk.
No officer compensation reported, suggesting resources are directed towards the mission.
Consistent filing of IRS Form 990s over 13 periods, demonstrating transparency and compliance.

Spending Breakdown

How Lisa B Fishman Foundation Inc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

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 Lisa B Fishman Foundation Inc

Is Lisa B Fishman Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Lisa B Fishman Foundation Inc (EIN: 203967247) appears trustworthy. Mission Score: 88/100. 1 red flag identified, 5 strengths noted.

Is Lisa B Fishman Foundation Inc a good charity to donate to?

Lisa B Fishman Foundation Inc has a Mission Score of 88/100. Revenue: $556K. Assets: $320K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Lisa B Fishman Foundation Inc?

The Employer Identification Number (EIN) for Lisa B Fishman Foundation Inc is 203967247. 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 Lisa B Fishman Foundation Inc spend its money?

Lisa B Fishman Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Lisa B Fishman Foundation Inc's tax-exempt status?

You can verify Lisa B Fishman Foundation Inc's tax-exempt status using EIN 203967247 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 Lisa B Fishman Foundation Inc demonstrates a generally healthy financial position, particularly in its most recent filing period. In 2023, the organization reported revenue of $273,743 against expenses of $97,799, resulting in a significant surplus that contributed to an increase in assets to $299,390. This trend of revenue exceeding expenses is also evident in 2022 and 2021, indicating sound financial management and growth in reserves. The organization consistently reports zero liabilities, which is a strong indicator of financial stability and low risk.

Spending efficiency appears to be strong, with a substantial portion of expenses likely directed towards program services, given the low overall expense figures relative to revenue in recent years. The absence of officer compensation reported across all filings suggests that leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which can be a positive sign for donor confidence. The consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to regulatory compliance and transparency.

While specific breakdowns of program, administrative, and fundraising expenses are not provided in the summary data, the overall financial health, asset growth, and lack of liabilities point to a well-managed organization. The significant increase in assets from $55,010 in 2021 to $299,390 in 2023, alongside consistent revenue generation, suggests effective stewardship of resources. The organization's transparency is further bolstered by its consistent and timely submission of required financial disclosures.

Is Lisa B Fishman Foundation Inc Legit?

Verdict: Lisa B Fishman Foundation Inc appears trustworthy

Red Flags