Quick charity verification for Paneth Family Charitable Trust (EIN: 116415770)
Verdict: Paneth Family Charitable Trust shows mixed signals
65/100Mission Score
$4.9MRevenue
$4.4MAssets
3Red Flags
3Strengths
Red Flags
Consistent operating deficits (e.g., 2023 expenses $1,975,971 vs. revenue $555,169)
Significant decline in assets over time (from $7.7M in 2015 to $4.4M in 2023)
Lack of detailed expense breakdown (program, admin, fundraising) in provided data
Strengths
Zero officer compensation reported across all periods, indicating efficient use of funds at the executive level.
Consistently low liabilities, suggesting good financial management of debt.
Regular filing of IRS Form 990s, demonstrating transparency in reporting.
Spending Breakdown
How Paneth Family Charitable Trust 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 Paneth Family Charitable Trust
Is Paneth Family Charitable Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Paneth Family Charitable Trust (EIN: 116415770) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Paneth Family Charitable Trust a good charity to donate to?
Paneth Family Charitable Trust has a Mission Score of 65/100. Revenue: $4.9M. Assets: $4.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Paneth Family Charitable Trust?
The Employer Identification Number (EIN) for Paneth Family Charitable Trust is 116415770. 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 Paneth Family Charitable Trust spend its money?
Paneth Family Charitable Trust allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Paneth Family Charitable Trust's tax-exempt status?
You can verify Paneth Family Charitable Trust's tax-exempt status using EIN 116415770 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 Paneth Family Charitable Trust demonstrates a consistent pattern of operating at a deficit in recent years, with expenses frequently exceeding revenue. For instance, in 2023, the trust reported revenue of $555,169 against expenses of $1,975,971, and in 2022, revenue was $589,269 compared to expenses of $982,425. This trend suggests reliance on existing assets to cover operational costs, as reflected in the declining asset base from $7,726,494 in 2015 to $4,423,158 in 2023. The organization consistently reports minimal liabilities, indicating a healthy balance sheet in that regard.
The trust's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which is not provided in the summary data. However, the absence of officer compensation across all reported periods suggests a lean operational structure at the executive level. The significant disparity between revenue and expenses in multiple years raises questions about the sustainability of its current financial model if it continues to draw down its asset base.
Transparency appears to be adequate in terms of filing IRS Form 990s, with 10 filings available. However, the lack of NTEE code information and detailed expense categories limits a deeper analysis of its programmatic focus and spending efficiency. The consistent reporting of zero officer compensation is a positive indicator of resource allocation away from executive salaries.