Steady decline in total assets over the past decade
Unusual and consistent reporting of $1 in liabilities across multiple years
Significant expense in 2023 ($48,603) far exceeding revenue ($8,423)
Strengths
No officer compensation reported, indicating low executive overhead
Consistent filing of IRS Form 990s, demonstrating transparency in reporting
Low liabilities reported (though the $1 figure is unusual)
Spending Breakdown
How Samuel Finkel Charitable Foundation Tr allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Samuel Finkel Charitable Foundation Tr
Is Samuel Finkel Charitable Foundation Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Samuel Finkel Charitable Foundation Tr (EIN: 206419866) shows mixed signals. Mission Score: 55/100. 4 red flags identified, 3 strengths noted.
Is Samuel Finkel Charitable Foundation Tr a good charity to donate to?
Samuel Finkel Charitable Foundation Tr has a Mission Score of 55/100. Revenue: $28K. Assets: $327K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Samuel Finkel Charitable Foundation Tr?
The Employer Identification Number (EIN) for Samuel Finkel Charitable Foundation Tr is 206419866. 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 Samuel Finkel Charitable Foundation Tr spend its money?
Samuel Finkel Charitable Foundation Tr allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Samuel Finkel Charitable Foundation Tr's tax-exempt status?
You can verify Samuel Finkel Charitable Foundation Tr's tax-exempt status using EIN 206419866 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 Samuel Finkel Charitable Foundation Tr appears to be a small private foundation with a consistent history of declining assets and fluctuating revenue. In its latest filing (202312), the organization reported revenue of $8,423 against expenses of $48,603, indicating a significant deficit for the period. This trend of expenses often exceeding revenue is visible in multiple past filings, such as 201912 ($3,897 revenue vs. $19,439 expenses) and 201512 ($16,118 revenue vs. $24,588 expenses). The foundation's assets have steadily decreased from $412,666 in 2013 to $339,672 in 2023, suggesting it is spending down its principal or operating at a loss over time. The consistent reporting of $1 in liabilities across most recent years is unusual and may warrant further investigation into its balance sheet reporting practices, though it could simply reflect a nominal placeholder.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent operational deficits raise questions about long-term sustainability if this trend continues. The absence of officer compensation is a positive indicator for minimizing overhead related to executive pay. Transparency is generally good given the availability of 990 filings, but the lack of detailed expense categories limits a deeper understanding of where funds are allocated. The NTEE code T20 suggests it is a private grantmaking foundation, meaning its primary activity is making grants rather than direct program services.
Overall, while the foundation is transparent in its filing history, its financial health shows a pattern of asset depletion and operational deficits. Its spending efficiency cannot be fully determined without more granular expense data, but the consistent negative net income suggests a need for careful financial planning to ensure its charitable mission can be sustained.