Is Shamai & Richu Hartman Family Foundation…

Quick charity verification for Shamai & Richu Hartman Family Foundation (EIN: 113189198)

Red Flags

Significant and consistent decline in assets over the past decade (from $11.8M to $0.97M).
Expenses frequently and substantially exceed revenue, indicating unsustainable spending patterns (e.g., 2023 expenses $3.39M vs. revenue $1.7M).
Highly volatile annual revenue, making financial planning and stability challenging.
Reliance on drawing down existing assets rather than generating sufficient operational income.

Spending Breakdown

How Shamai & Richu Hartman Family Foundation allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

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 Shamai & Richu Hartman Family Foundation

Is Shamai & Richu Hartman Family Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Shamai & Richu Hartman Family Foundation (EIN: 113189198) shows mixed signals. Mission Score: 45/100. 4 red flags identified, 3 strengths noted.

Is Shamai & Richu Hartman Family Foundation a good charity to donate to?

Shamai & Richu Hartman Family Foundation has a Mission Score of 45/100. Revenue: $3.6M. Assets: $973K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Shamai & Richu Hartman Family Foundation?

The Employer Identification Number (EIN) for Shamai & Richu Hartman Family Foundation is 113189198. 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 Shamai & Richu Hartman Family Foundation spend its money?

Shamai & Richu Hartman Family Foundation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Shamai & Richu Hartman Family Foundation's tax-exempt status?

You can verify Shamai & Richu Hartman Family Foundation's tax-exempt status using EIN 113189198 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 Shamai & Richu Hartman Family Foundation exhibits a concerning trend of declining assets and inconsistent revenue generation over the past decade. While the foundation reported $3,632,045 in latest revenue, its assets have significantly decreased from $11,833,882 in 2011 to $972,937 currently. In several recent periods, expenses have substantially outpaced revenue, such as in 2023 where expenses were $3,390,936 against revenue of $1,708,300, and in 2022 where expenses were $1,458,420 against revenue of $94,478. This indicates a reliance on drawing down existing assets rather than sustainable operational funding.

The organization's spending efficiency is difficult to fully assess without a detailed functional expense breakdown (program, administrative, fundraising) from the provided data. However, the consistent deficit spending suggests that the current operational model is not financially sustainable in the long term without significant new capital infusions. The absence of reported officer compensation across all filings is a positive indicator for transparency regarding executive pay, but the overall financial trajectory raises questions about long-term viability and impact.

Given the substantial decrease in assets and the pattern of expenses exceeding revenue, the foundation's financial health appears to be in a precarious state. While the lack of officer compensation is a good sign, the overall financial management, particularly the consistent asset depletion, warrants closer scrutiny for potential donors or stakeholders.

Is Shamai & Richu Hartman Family Foundation Legit?

Verdict: Shamai & Richu Hartman Family Foundation shows mixed signals