Quick charity verification for Shikiar Family Foundation (EIN: 137052572)
Verdict: Shikiar Family Foundation appears trustworthy
95/100Mission Score
$7.2MRevenue
$4.7MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent 0% officer compensation, indicating volunteer leadership and high efficiency.
Strong asset growth over the past decade, demonstrating financial stability and endowment building.
Minimal liabilities reported across all filings, suggesting sound financial management and low debt.
Expenses consistently well below revenue, allowing for asset accumulation and mission-focused spending.
Consistent IRS 990 filing history, indicating good transparency and compliance.
Spending Breakdown
How Shikiar 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 Shikiar Family Foundation
Is Shikiar Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Shikiar Family Foundation (EIN: 137052572) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Shikiar Family Foundation a good charity to donate to?
Shikiar Family Foundation has a Mission Score of 95/100. Revenue: $7.2M. Assets: $4.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Shikiar Family Foundation?
The Employer Identification Number (EIN) for Shikiar Family Foundation is 137052572. 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 Shikiar Family Foundation spend its money?
Shikiar Family Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Shikiar Family Foundation's tax-exempt status?
You can verify Shikiar Family Foundation's tax-exempt status using EIN 137052572 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 Shikiar Family Foundation demonstrates consistent financial stability with growing assets over the past decade, reaching $3,381,511 in 2023. The organization consistently reports minimal liabilities, often just $1, indicating sound financial management and low debt risk. Revenue has fluctuated, with a notable peak of $988,484 in 2021, but generally remains robust enough to cover expenses and contribute to asset growth. The foundation's expenses have remained relatively low compared to its revenue, suggesting efficient operations and a focus on accumulating assets for its philanthropic mission.
The foundation's spending efficiency appears strong, as evidenced by its low expense ratios relative to revenue. For instance, in 2023, expenses were $301,711 against $560,342 in revenue, leaving a significant surplus. A key aspect of its financial health is the consistent reporting of 0% officer compensation across all available filings, which is a strong indicator of volunteer leadership and a commitment to directing funds towards its mission rather than administrative salaries. This practice significantly enhances its spending efficiency and public trust.
Transparency is high, particularly concerning executive compensation, as none is reported. The consistent filing of IRS Form 990s over a decade provides a clear historical financial picture. While specific program spending details are not provided in the summary data, the overall low expense structure and lack of officer compensation suggest a lean operational model. The foundation's NTEE code T20J (Private Grantmaking Foundations) aligns with its operational pattern of managing assets and making grants, further supporting its transparent financial practices.