Quick charity verification for Solomon R Guggenheim Foundation (EIN: 135562233)
Verdict: Solomon R Guggenheim Foundation appears trustworthy
70/100Mission Score
$184.3MRevenue
$230.2MAssets
3Red Flags
3Strengths
Red Flags
No officer compensation reported on IRS 990s, raising transparency concerns.
Expenses ($83.03M) slightly exceeded revenue ($82.60M) in 2023, indicating a deficit.
Increasing liabilities over the past decade, reaching $104.06M in 2023.
Strengths
Consistent filing of IRS Form 990s over 13 periods, indicating regulatory compliance.
Substantial and growing asset base, reaching $220.94 million in 2023, providing financial stability.
Demonstrated ability to generate significant revenue, with latest reported revenue at $184.28 million (though this is 'latest' and not from the 2023 filing).
Spending Breakdown
How Solomon R Guggenheim Foundation allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
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 Solomon R Guggenheim Foundation
Is Solomon R Guggenheim Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Solomon R Guggenheim Foundation (EIN: 135562233) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
Is Solomon R Guggenheim Foundation a good charity to donate to?
Solomon R Guggenheim Foundation has a Mission Score of 70/100. Revenue: $184.3M. Assets: $230.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Solomon R Guggenheim Foundation?
The Employer Identification Number (EIN) for Solomon R Guggenheim Foundation is 135562233. 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 Solomon R Guggenheim Foundation spend its money?
Solomon R Guggenheim Foundation allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Solomon R Guggenheim Foundation's tax-exempt status?
You can verify Solomon R Guggenheim Foundation's tax-exempt status using EIN 135562233 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 Solomon R Guggenheim Foundation demonstrates a consistent operational scale, with annual revenues generally fluctuating between $50 million and $90 million over the past decade, peaking at $89.19 million in 2014 and $84.62 million in 2019. The organization's assets have shown growth, from $173.59 million in 2014 to $220.94 million in 2023, indicating a stable financial base. However, the 2023 filing shows expenses ($83.03 million) slightly exceeding revenue ($82.60 million), resulting in a minor deficit, which is a shift from the surpluses seen in 2021 and 2022. This suggests a need for careful monitoring of expenditure relative to income.
Spending efficiency appears to be a mixed picture. While specific program, administrative, and fundraising breakdowns are not provided in the raw data, the consistent operational expenses suggest a mature organization with established cost structures. The absence of reported officer compensation across all filings is unusual for an organization of this size and could indicate that compensation is reported under different categories or that key leadership roles are compensated through other means, which warrants further investigation for full transparency. The foundation's liabilities have also increased over the years, reaching $104.06 million in 2023, which should be considered in its overall financial health.
In terms of transparency, the consistent filing of IRS Form 990s over 13 periods is a positive indicator. However, the lack of reported officer compensation directly on the 990s could be a point of concern for stakeholders seeking a complete picture of executive remuneration. Further detail on the allocation of expenses (program vs. administrative vs. fundraising) would enhance the understanding of its spending efficiency and commitment to its mission.