Quick charity verification for Richard Schwartz Family Foundation Inc (EIN: 203974427)
Verdict: Richard Schwartz Family Foundation Inc appears trustworthy
90/100Mission Score
$1.9MRevenue
$3.4MAssets
1Red Flags
4Strengths
Red Flags
Highly fluctuating revenue, which could indicate reliance on unpredictable funding sources.
Strengths
Consistent reporting of 0% officer compensation, indicating high efficiency and dedication to mission.
Strong asset base ($3,350,558 latest) relative to expenses, providing financial stability.
Minimal liabilities ($0 or $1 across all filings), demonstrating sound financial management.
Low expense ratios relative to revenue in most periods, suggesting efficient operations.
Spending Breakdown
How Richard Schwartz Family Foundation Inc allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
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 Schwartz Family Foundation Inc
Is Richard Schwartz Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Richard Schwartz Family Foundation Inc (EIN: 203974427) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Richard Schwartz Family Foundation Inc a good charity to donate to?
Richard Schwartz Family Foundation Inc has a Mission Score of 90/100. Revenue: $1.9M. Assets: $3.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Richard Schwartz Family Foundation Inc?
The Employer Identification Number (EIN) for Richard Schwartz Family Foundation Inc is 203974427. 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 Schwartz Family Foundation Inc spend its money?
Richard Schwartz Family 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 Schwartz Family Foundation Inc's tax-exempt status?
You can verify Richard Schwartz Family Foundation Inc's tax-exempt status using EIN 203974427 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 Schwartz Family Foundation Inc. demonstrates a strong financial position with latest reported assets of $3,350,558 and revenue of $1,890,498. The foundation's revenue has fluctuated significantly over the years, from a high of $2,369,077 in 2015 to a low of $30,608 in 2011, indicating a reliance on variable funding sources, likely investment returns or large donations. Expenses have generally remained low relative to revenue, particularly in periods of high revenue, suggesting efficient management of operational costs. The consistent reporting of zero officer compensation across all available filings is a significant indicator of transparency and a commitment to directing funds towards the mission rather than administrative overhead. The foundation's liabilities have consistently been reported as minimal ($0 or $1), further reinforcing its stable financial health.