Is Marjorie & Clarence E Unterberg Foundation Inc Legit?

Quick charity verification for Marjorie & Clarence E Unterberg Foundation Inc (EIN: 133792809)

Verdict: Marjorie & Clarence E Unterberg Foundation Inc shows mixed signals

60/100Mission Score
$3.0MRevenue
$2KAssets
4Red Flags
2Strengths

Red Flags

Strengths

Spending Breakdown

How Marjorie & Clarence E Unterberg 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 Marjorie & Clarence E Unterberg Foundation Inc

Is Marjorie & Clarence E Unterberg Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Marjorie & Clarence E Unterberg Foundation Inc (EIN: 133792809) shows mixed signals. Mission Score: 60/100. 4 red flags identified, 2 strengths noted.

Is Marjorie & Clarence E Unterberg Foundation Inc a good charity to donate to?

Marjorie & Clarence E Unterberg Foundation Inc has a Mission Score of 60/100. Revenue: $3.0M. Assets: $2K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Marjorie & Clarence E Unterberg Foundation Inc?

The Employer Identification Number (EIN) for Marjorie & Clarence E Unterberg Foundation Inc is 133792809. 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 Marjorie & Clarence E Unterberg Foundation Inc spend its money?

Marjorie & Clarence E Unterberg Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Marjorie & Clarence E Unterberg Foundation Inc's tax-exempt status?

You can verify Marjorie & Clarence E Unterberg Foundation Inc's tax-exempt status using EIN 133792809 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 Marjorie & Clarence E Unterberg Foundation Inc exhibits highly volatile financial performance, with significant fluctuations in revenue and expenses over the past decade. For instance, in 2023, the organization reported revenue of $89,449 against expenses of $1,283,882, indicating substantial deficit spending. This trend of expenses frequently exceeding revenue is common, as seen in 2022 (revenue of $-38,227 vs. expenses of $255,967) and 2020 (revenue of $-159,395 vs. expenses of $1,287,803). The foundation's assets have also shown a consistent decline, from $7,094,827 in 2011 to $1,597,953 in 2023, which raises concerns about long-term sustainability given the recurring operational deficits. The consistent reporting of $1 in liabilities across all filings suggests a lack of detailed financial disclosure regarding obligations, which could impact transparency. The absence of officer compensation reported across all filings is a positive indicator for resource allocation, assuming this accurately reflects the compensation structure.

View Full Transparency Report →

Disclaimer

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

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