Is Mortimer And Mimi Levitt Foundation Inc…

Quick charity verification for Mortimer And Mimi Levitt Foundation Inc (EIN: 136204678)

Spending Breakdown

How Mortimer And Mimi Levitt Foundation Inc allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

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 Mortimer And Mimi Levitt Foundation Inc

Is Mortimer And Mimi Levitt Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Mortimer And Mimi Levitt Foundation Inc (EIN: 136204678) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.

Is Mortimer And Mimi Levitt Foundation Inc a good charity to donate to?

Mortimer And Mimi Levitt Foundation Inc has a Mission Score of 92/100. Revenue: $17.4M. Assets: $199.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Mortimer And Mimi Levitt Foundation Inc?

The Employer Identification Number (EIN) for Mortimer And Mimi Levitt Foundation Inc is 136204678. 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 Mortimer And Mimi Levitt Foundation Inc spend its money?

Mortimer And Mimi Levitt Foundation Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Mortimer And Mimi Levitt Foundation Inc's tax-exempt status?

You can verify Mortimer And Mimi Levitt Foundation Inc's tax-exempt status using EIN 136204678 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 Mortimer And Mimi Levitt Foundation Inc demonstrates a strong commitment to its program services, as evidenced by its consistent program spending ratio. For instance, in the 202312 period, the foundation reported expenses of $8,558,604, with a significant portion directed towards its mission. The organization's financial health appears robust, with substantial assets totaling $199,275,145, far exceeding its liabilities. This strong asset base provides a solid foundation for its long-term philanthropic endeavors.

While the foundation's revenue has fluctuated significantly over the years, from a high of $131,125,070 in 202012 to $3,040,839 in 202312, its asset base has remained consistently high, indicating effective asset management and endowment growth. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of financial transparency and a focus on directing resources to programs rather than executive salaries. This practice enhances public trust and demonstrates a commitment to efficient resource allocation.

Overall, the Mortimer And Mimi Levitt Foundation Inc appears to be a financially sound and well-managed organization. Its consistent program focus, substantial assets, and transparent compensation practices contribute to a positive assessment of its financial health and spending efficiency. The fluctuations in annual revenue, while notable, do not appear to undermine the foundation's overall stability given its significant asset base.

Is Mortimer And Mimi Levitt Foundation Inc Legit?

Verdict: Mortimer And Mimi Levitt Foundation Inc appears trustworthy

Red Flags

Strengths