Is Rita And Leo Greenland Family Foundation Legit?
Quick charity verification for Rita And Leo Greenland Family Foundation (EIN: 137196982)
Verdict: Rita And Leo Greenland Family Foundation appears trustworthy
85/100Mission Score
$1.0MRevenue
$1.6MAssets
2Red Flags
4Strengths
Red Flags
Significant revenue fluctuations year-over-year, making financial forecasting challenging.
Lack of detailed expense breakdown in provided data, limiting analysis of program vs. administrative spending.
Strengths
Consistent asset base, indicating financial stability over time.
No reported officer compensation, suggesting low administrative overhead related to salaries.
Long and consistent IRS 990 filing history, demonstrating regulatory compliance.
Low liabilities across all reported periods, indicating a healthy balance sheet.
Spending Breakdown
How Rita And Leo Greenland Family Foundation 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 Rita And Leo Greenland Family Foundation
Is Rita And Leo Greenland Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Rita And Leo Greenland Family Foundation (EIN: 137196982) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Rita And Leo Greenland Family Foundation a good charity to donate to?
Rita And Leo Greenland Family Foundation has a Mission Score of 85/100. Revenue: $1.0M. Assets: $1.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Rita And Leo Greenland Family Foundation?
The Employer Identification Number (EIN) for Rita And Leo Greenland Family Foundation is 137196982. 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 Rita And Leo Greenland Family Foundation spend its money?
Rita And Leo Greenland Family Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Rita And Leo Greenland Family Foundation's tax-exempt status?
You can verify Rita And Leo Greenland Family Foundation's tax-exempt status using EIN 137196982 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 Rita And Leo Greenland Family Foundation operates as a private foundation, which typically means its primary function is to distribute grants rather than conduct direct programs. Its financial health appears stable, with assets consistently above $1.5 million in recent years, reaching $1,625,633 in the latest period. Revenue has fluctuated significantly, from a high of $1,724,000 in 2011 to a low of negative revenue in 2015, and more recently $136,915 in 2023. Expenses have generally been modest, ranging from $6,700 in 2011 to $121,552 in 2022, indicating a controlled spending approach relative to its asset base.
Spending efficiency for a private foundation is often measured by its grantmaking activity relative to its assets and administrative costs. Given the NTEE code T22 (Private Grantmaking Foundations), the majority of its expenses should ideally be in program-related investments or grants. The provided data does not break down expenses into program, administrative, and fundraising categories, which limits a detailed assessment of spending efficiency. However, the absence of officer compensation suggests low administrative overhead in terms of salaries.
Transparency is generally good for organizations that file IRS Form 990, as these documents are publicly available. The consistent filing history over ten periods demonstrates a commitment to regulatory compliance. The lack of officer compensation reported across all filings is a positive indicator for transparency regarding executive pay, though it's important to note that private foundations often have volunteer boards or minimal paid staff.