Is Susanna Iacovelli Charitable Foundation Inc Legit?
Quick charity verification for Susanna Iacovelli Charitable Foundation Inc (EIN: 113568113)
Verdict: Susanna Iacovelli Charitable Foundation Inc appears trustworthy
92/100Mission Score
$1.5MRevenue
$10.2MAssets
1Red Flags
4Strengths
Red Flags
Significant revenue volatility, including a negative revenue year in 2019 (-$477,526), which could indicate reliance on volatile investment income or unusual financial events.
Strengths
Consistent and substantial asset growth, from $2.2 million in 2011 to over $10 million currently.
Zero reported officer compensation across all filings, indicating a strong commitment to directing funds to the mission.
Expenses consistently much lower than revenue, demonstrating strong financial management and efficiency.
Low liabilities across all reporting periods, indicating financial stability.
Spending Breakdown
How Susanna Iacovelli Charitable Foundation Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
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 Susanna Iacovelli Charitable Foundation Inc
Is Susanna Iacovelli Charitable Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Susanna Iacovelli Charitable Foundation Inc (EIN: 113568113) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
Is Susanna Iacovelli Charitable Foundation Inc a good charity to donate to?
Susanna Iacovelli Charitable Foundation Inc has a Mission Score of 92/100. Revenue: $1.5M. Assets: $10.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Susanna Iacovelli Charitable Foundation Inc?
The Employer Identification Number (EIN) for Susanna Iacovelli Charitable Foundation Inc is 113568113. 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 Susanna Iacovelli Charitable Foundation Inc spend its money?
Susanna Iacovelli Charitable Foundation Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Susanna Iacovelli Charitable Foundation Inc's tax-exempt status?
You can verify Susanna Iacovelli Charitable Foundation Inc's tax-exempt status using EIN 113568113 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 Susanna Iacovelli Charitable Foundation Inc demonstrates strong financial health, with its assets consistently growing from $2,244,351 in 2011 to $10,179,087 currently. The organization has shown significant revenue fluctuations, including a negative revenue year in 2019 (-$477,526), but has generally maintained a positive net income, particularly in recent years with revenues of $2,342,344 and $3,850,254 in 2022 and 2021 respectively, far exceeding expenses. The foundation's spending efficiency appears robust given its low reported expenses relative to revenue and asset growth. The consistent reporting of zero officer compensation across all available filings suggests a high degree of transparency regarding executive pay and a focus on directing funds towards its mission, which is a positive indicator for donors.