Substantial asset base (e.g., $726,378 in 2023) provides long-term financial security.
NTEE code T20 suggests a clear focus on grantmaking and philanthropic activities.
Spending Breakdown
How Richard E Frain Jr Charitable 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 Richard E Frain Jr Charitable Foundation Inc
Is Richard E Frain Jr Charitable Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Richard E Frain Jr Charitable Foundation Inc (EIN: 134253978) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Richard E Frain Jr Charitable Foundation Inc a good charity to donate to?
Richard E Frain Jr Charitable Foundation Inc has a Mission Score of 75/100. Revenue: $778K. Assets: $1.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Richard E Frain Jr Charitable Foundation Inc?
The Employer Identification Number (EIN) for Richard E Frain Jr Charitable Foundation Inc is 134253978. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Richard E Frain Jr Charitable Foundation Inc spend its money?
Richard E Frain Jr Charitable Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Richard E Frain Jr Charitable Foundation Inc's tax-exempt status?
You can verify Richard E Frain Jr Charitable Foundation Inc's tax-exempt status using EIN 134253978 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Richard E Frain Jr Charitable Foundation Inc exhibits a highly unusual financial pattern, with significant negative revenue reported in its two most recent filings ($-176,354 in 2023 and $-77,548 in 2022). This suggests that the organization is primarily funded by investment returns, which can fluctuate, or that it is distributing more than it receives in certain years. Despite these negative revenue figures, the foundation maintains substantial assets, reported at $726,378 in 2023 and $1,014,595 in 2022, indicating a strong endowment. The organization consistently reports minimal liabilities ($1), which is a positive sign of financial stability. However, the lack of detailed expense breakdowns in the provided data makes it difficult to fully assess spending efficiency beyond the overall expense figures. The absence of officer compensation across all reported periods suggests a volunteer-led or minimally compensated leadership structure, which can be a positive indicator of resource allocation towards its mission.