Is Richard S And Karen Lefrak Charitable…

Quick charity verification for Richard S And Karen Lefrak Charitable Foundation Inc (EIN: 112994678)

Spending Breakdown

How Richard S And Karen Lefrak Charitable Foundation Inc allocates its funds across programs, administration, and fundraising.

95%

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 Richard S And Karen Lefrak Charitable Foundation Inc

Is Richard S And Karen Lefrak Charitable Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Richard S And Karen Lefrak Charitable Foundation Inc (EIN: 112994678) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.

Is Richard S And Karen Lefrak Charitable Foundation Inc a good charity to donate to?

Richard S And Karen Lefrak Charitable Foundation Inc has a Mission Score of 90/100. Revenue: $6.6M. Assets: $8.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Richard S And Karen Lefrak Charitable Foundation Inc?

The Employer Identification Number (EIN) for Richard S And Karen Lefrak Charitable Foundation Inc is 112994678. 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 S And Karen Lefrak Charitable Foundation Inc spend its money?

Richard S And Karen Lefrak Charitable Foundation Inc allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Richard S And Karen Lefrak Charitable Foundation Inc's tax-exempt status?

You can verify Richard S And Karen Lefrak Charitable Foundation Inc's tax-exempt status using EIN 112994678 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 S And Karen Lefrak Charitable Foundation Inc. demonstrates a consistent pattern of significant grant-making, as evidenced by its substantial expenses relative to revenue in many periods. For instance, in 2023, expenses were $3,746,543 against revenues of $3,285,623, indicating a strong commitment to deploying funds. The organization's assets have fluctuated, reaching a high of $14,322,030 in 2021 before decreasing to $10,936,808 in 2023, suggesting active use of its endowment for charitable purposes rather than accumulating excessive reserves. 

Spending efficiency appears high given the nature of a charitable foundation, which primarily distributes grants. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of efficient use of funds, as it suggests that administrative costs related to executive salaries are either non-existent or covered by other means, allowing more funds to directly support programs. The foundation's financial health, while showing variability in annual revenue, is supported by a healthy asset base that has generally grown over the long term, from $2,151,463 in 2011 to over $10 million in recent years. 

Transparency is generally good, with 11 filings available, indicating regular reporting to the IRS. The absence of officer compensation is a positive transparency signal, as it clearly shows that no salaries are being paid to executives from the foundation's funds. However, without a detailed breakdown of expenses beyond total expenses, it's challenging to precisely determine the exact proportion allocated to program services versus administrative or fundraising costs. Given its structure as a charitable foundation, most expenses are typically program-related (grants).

Is Richard S And Karen Lefrak Charitable Foundation Inc Legit?

Verdict: Richard S And Karen Lefrak Charitable Foundation Inc appears trustworthy

Strengths