Is Michael And Samantha Harary Familyfoundation Inc Legit?
Quick charity verification for Michael And Samantha Harary Familyfoundation Inc (EIN: 203860503)
Verdict: Michael And Samantha Harary Familyfoundation Inc appears trustworthy
85/100Mission Score
$164KRevenue
$142KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
No reported officer compensation across all filings, indicating efficient use of funds.
Consistent IRS 990 filing history, demonstrating transparency and compliance.
Low liabilities ($1 across all filings), suggesting sound financial management.
Active deployment of funds, with expenses often close to or exceeding revenue.
Growing asset base over time, indicating increasing financial stability.
Spending Breakdown
How Michael And Samantha Harary Familyfoundation 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 Michael And Samantha Harary Familyfoundation Inc
Is Michael And Samantha Harary Familyfoundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Michael And Samantha Harary Familyfoundation Inc (EIN: 203860503) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
Is Michael And Samantha Harary Familyfoundation Inc a good charity to donate to?
Michael And Samantha Harary Familyfoundation Inc has a Mission Score of 85/100. Revenue: $164K. Assets: $142K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Michael And Samantha Harary Familyfoundation Inc?
The Employer Identification Number (EIN) for Michael And Samantha Harary Familyfoundation Inc is 203860503. 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 Michael And Samantha Harary Familyfoundation Inc spend its money?
Michael And Samantha Harary Familyfoundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Michael And Samantha Harary Familyfoundation Inc's tax-exempt status?
You can verify Michael And Samantha Harary Familyfoundation Inc's tax-exempt status using EIN 203860503 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 Michael And Samantha Harary Familyfoundation Inc appears to be a relatively small private foundation, as indicated by its NTEE code T21 (Private Grantmaking Foundations) and consistent revenue figures generally under $250,000 annually. The organization demonstrates a consistent pattern of spending close to its revenue, with expenses often slightly exceeding revenue in some years, such as 2023 ($271,337 expenses vs. $245,000 revenue) and 2019 ($266,110 expenses vs. $245,000 revenue). This suggests that the foundation is actively distributing its funds rather than accumulating large reserves. Its assets have fluctuated but show growth from early filings, reaching $163,700 in 2023, indicating some financial stability.
Given its nature as a private foundation, its primary 'program' activity would be grantmaking. Without detailed expense breakdowns beyond total expenses, it's challenging to precisely assess spending efficiency in terms of administrative versus program costs. However, the consistent reporting of 0% officer compensation across all available filings is a strong indicator of efficient use of funds, as it suggests that the foundation's leadership is likely unpaid, minimizing overhead. The low liabilities ($1 across all filings) also points to sound financial management and minimal debt.
Transparency is generally good through its consistent IRS 990 filings. The absence of officer compensation is a positive transparency signal. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories within the provided data, a full assessment of spending efficiency is limited. For a private foundation, the 'program' spending would primarily be grants paid, and the efficiency would be measured by how much of its total expenses go directly to grants versus operational costs. The available data suggests a focus on deploying funds, but more granular expense data would enhance the transparency assessment.