Is Schloss Family Foundation Inc Legit? —…

Quick charity verification for Schloss Family Foundation Inc (EIN: 133935646)

Red Flags

Recurring negative revenue in multiple periods (e.g., -$175,581 in 2023, -$11,689 in 2022), indicating reliance on endowment rather than consistent income.
Significant decline in total assets over the past decade (from $7,074,146 in 2013 to $4,227,154 in 2023), raising questions about long-term sustainability.
Lack of detailed expense breakdown in provided data makes it difficult to fully assess program efficiency.

Spending Breakdown

How Schloss Family Foundation Inc allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

10%

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 Schloss Family Foundation Inc

Is Schloss Family Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Schloss Family Foundation Inc (EIN: 133935646) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.

Is Schloss Family Foundation Inc a good charity to donate to?

Schloss Family Foundation Inc has a Mission Score of 75/100. Revenue: $1.7M. Assets: $3.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Schloss Family Foundation Inc?

The Employer Identification Number (EIN) for Schloss Family Foundation Inc is 133935646. 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 Schloss Family Foundation Inc spend its money?

Schloss Family Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Schloss Family Foundation Inc's tax-exempt status?

You can verify Schloss Family Foundation Inc's tax-exempt status using EIN 133935646 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 Schloss Family Foundation Inc. exhibits a fluctuating financial performance, with several years showing negative revenue, indicating reliance on investment returns or prior year assets rather than consistent incoming donations. For instance, in 2023, the organization reported a revenue of -175,581, while expenses were $186,801. This pattern of negative revenue in multiple periods (e.g., 2022, 2020, 2019, 2015) suggests that the foundation primarily operates as a grant-making entity drawing from its endowment, rather than actively fundraising. Its assets have generally declined over the past decade, from $7,074,146 in 2013 to $4,227,154 in 2023, which could be a concern if not managed strategically for long-term sustainability. The consistent reporting of $1 in liabilities across all filings indicates a very low debt burden, which is a positive sign of financial stability.

The foundation's spending efficiency is difficult to fully assess without a detailed breakdown of program service expenses versus administrative and fundraising costs, which are not explicitly provided in the summary data. However, the absence of officer compensation reported across all filings suggests a lean operational structure, potentially indicating that administrative functions are either volunteer-driven or covered by other means not classified as officer salaries. The NTEE code A99Z (Other Philanthropy, Voluntarism, and Grantmaking Foundations) aligns with its apparent function as a grant-making entity. The lack of reported officer compensation also contributes to a perception of good transparency regarding executive pay.

Overall, the foundation appears to be a private grant-making entity with a stable, albeit declining, asset base. Its financial health is characterized by its endowment management and grant distribution rather than public fundraising. The consistent $1 liability is a strong indicator of financial prudence. However, the long-term trend of declining assets and recurring negative revenue periods warrants careful monitoring to ensure the foundation's continued capacity to fulfill its mission.

Is Schloss Family Foundation Inc Legit?

Verdict: Schloss Family Foundation Inc appears trustworthy