Is Skolnick Family Charitable Trust Legit?

Quick charity verification for Skolnick Family Charitable Trust (EIN: 116462058)

Verdict: Skolnick Family Charitable Trust appears trustworthy

90/100Mission Score
$3.2MRevenue
$86.2MAssets
1Red Flags
5Strengths

Red Flags

Strengths

AI Transparency Report

The Skolnick Family Charitable Trust demonstrates a consistent commitment to its mission as a grant-making organization, evidenced by its substantial and growing asset base, reaching $90,274,032 in 2023. While the trust experienced fluctuating revenues, including a negative revenue year in 2019, its expenses have generally remained high, often exceeding annual revenue, indicating significant grant disbursements. For instance, in 2023, expenses were $6,528,394 against revenues of $5,107,429. The organization's transparency is strong, with 10 filings available, and a notable absence of officer compensation, which suggests that administrative costs are likely minimal and resources are directed towards charitable activities. The consistent low liabilities across most years also points to sound financial management.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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