Stable expense levels (typically $4-5 million annually) suggest predictable operational costs and effective budget management.
Spending Breakdown
How Skadden Foundation allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Skadden Foundation
Is Skadden Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Skadden Foundation (EIN: 133455231) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 3 strengths noted.
Is Skadden Foundation a good charity to donate to?
Skadden Foundation has a Mission Score of 85/100. Revenue: $7.2M. Assets: $11.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Skadden Foundation?
The Employer Identification Number (EIN) for Skadden Foundation is 133455231. 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 Skadden Foundation spend its money?
Skadden Foundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Skadden Foundation's tax-exempt status?
You can verify Skadden Foundation's tax-exempt status using EIN 133455231 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 Skadden Foundation demonstrates a generally stable financial position with assets consistently above $9 million over the past decade, reaching a high of $17.4 million in 2021. Revenue has fluctuated significantly, from a low of $439,936 in 2022 to a high of $9,717,143 in 2021, indicating reliance on variable funding sources. Despite these fluctuations, expenses have remained relatively consistent, typically in the $4-5 million range, suggesting a predictable operational cost structure. The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with no reported officer compensation, which is a positive indicator for donor confidence regarding executive pay.
However, the foundation has experienced periods where expenses exceeded revenue, notably in 2022 ($439,936 revenue vs. $4,771,774 expenses) and 2023 ($4,829,722 revenue vs. $5,010,106 expenses), which could draw down reserves if sustained. The significant jump in liabilities in 2023 to $10,274,000, compared to minimal liabilities in prior years, warrants further investigation to understand its nature and potential impact on financial health. Overall, while the foundation appears to manage its core operations effectively, the variability in revenue and the recent increase in liabilities suggest a need for careful monitoring of its financial strategy.