Is Samuel I Newhouse Foundation Inc Legit?…

Quick charity verification for Samuel I Newhouse Foundation Inc (EIN: 116006296)

Strengths

Consistent absence of officer compensation, indicating high efficiency.
Strong and growing asset base, increasing from $88M in 2011 to over $205M in 2023.
Regularly disburses funds exceeding annual revenue, demonstrating active grantmaking.
Minimal liabilities ($0 or $1) across all reported periods, indicating excellent financial health.
Consistent filing of IRS 990s, promoting transparency.

Spending Breakdown

How Samuel I Newhouse 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 Samuel I Newhouse Foundation Inc

Is Samuel I Newhouse Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Samuel I Newhouse Foundation Inc (EIN: 116006296) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.

Is Samuel I Newhouse Foundation Inc a good charity to donate to?

Samuel I Newhouse Foundation Inc has a Mission Score of 92/100. Revenue: $9.4M. Assets: $204.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Samuel I Newhouse Foundation Inc?

The Employer Identification Number (EIN) for Samuel I Newhouse Foundation Inc is 116006296. 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 I Newhouse Foundation Inc spend its money?

Samuel I Newhouse Foundation Inc allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Samuel I Newhouse Foundation Inc's tax-exempt status?

You can verify Samuel I Newhouse Foundation Inc's tax-exempt status using EIN 116006296 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 I Newhouse Foundation Inc. demonstrates a consistent pattern of significant grantmaking, with expenses often exceeding revenue in recent years, such as in 202310 where expenses were $19,315,459 against revenues of $16,985,943. This indicates a commitment to deploying its substantial assets for programmatic purposes. The foundation maintains a very strong asset base, growing from $88,315,896 in 201110 to $205,473,434 in 202310, suggesting robust financial stewardship and investment growth. The consistent reporting of zero officer compensation across all available filings is a notable aspect of its financial management, contributing to high spending efficiency.

Spending efficiency appears strong, primarily due to the nature of a private foundation where most expenses are grants. The absence of officer compensation significantly reduces administrative overhead. While specific breakdowns of administrative and fundraising costs are not detailed in the provided summary, the overall financial picture suggests that the vast majority of expenditures are directed towards the foundation's mission through grants. The foundation's liabilities are consistently reported as minimal ($1 or $0), indicating excellent financial health and low risk.

Transparency is generally good through its consistent IRS 990 filings. The foundation's financial data is publicly available, allowing for analysis of its revenue, expenses, and asset growth over time. The lack of officer compensation is a clear indicator of efficient use of funds, as no portion of the budget is allocated to executive salaries. This structure inherently promotes a high degree of financial transparency regarding how funds are managed and distributed.

Is Samuel I Newhouse Foundation Inc Legit?

Verdict: Samuel I Newhouse Foundation Inc appears trustworthy