Consistent revenue growth over the past decade (e.g., $880,000 in 2011 to $3,120,000 in 2023)
Spending Breakdown
How Raymond And Sharon Haber Foundation Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
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 Raymond And Sharon Haber Foundation Inc
Is Raymond And Sharon Haber Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Raymond And Sharon Haber Foundation Inc (EIN: 202059762) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Raymond And Sharon Haber Foundation Inc a good charity to donate to?
Raymond And Sharon Haber Foundation Inc has a Mission Score of 85/100. Revenue: $3.1M. Assets: $60K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Raymond And Sharon Haber Foundation Inc?
The Employer Identification Number (EIN) for Raymond And Sharon Haber Foundation Inc is 202059762. 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 Raymond And Sharon Haber Foundation Inc spend its money?
Raymond And Sharon Haber Foundation Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Raymond And Sharon Haber Foundation Inc's tax-exempt status?
You can verify Raymond And Sharon Haber Foundation Inc's tax-exempt status using EIN 202059762 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 Raymond And Sharon Haber Foundation Inc demonstrates consistent financial activity with revenues closely matching expenses over the past decade. For instance, in 2023, revenue was $3,120,000 against expenses of $3,111,885, indicating a tight operational margin. The organization's assets have remained relatively low, peaking at $81,829 in 2023, which is modest given its multi-million dollar revenue streams. This suggests a pass-through nature where funds are disbursed rather than accumulated. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of financial transparency and a commitment to directing funds towards its mission rather than executive salaries. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a complete assessment of spending efficiency is challenging. The low asset base and minimal liabilities suggest a fiscally conservative approach, avoiding significant debt.