Quick charity verification for Tabat Family Foundation Inc (EIN: 10852699)
Verdict: Tabat Family Foundation Inc appears trustworthy
80/100Mission Score
$2.0MRevenue
$4.1MAssets
2Red Flags
4Strengths
Red Flags
Significant variability in expense-to-revenue ratio, with very low spending in some years (e.g., 2022-2023) suggesting asset accumulation over immediate program distribution.
Lack of detailed breakdown of expenses (program vs. admin) in the provided summary makes it difficult to fully assess spending efficiency beyond total expenses.
Strengths
Strong and consistent asset growth, from $406,408 in 2011 to $4,408,224 in 2023.
0% officer compensation reported across all filings, suggesting efficient use of funds and potentially volunteer leadership.
Consistent filing history (10 filings) demonstrates good transparency and compliance.
Spending Breakdown
How Tabat Family Foundation Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
15%
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 Tabat Family Foundation Inc
Is Tabat Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Tabat Family Foundation Inc (EIN: 10852699) appears trustworthy. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.
Is Tabat Family Foundation Inc a good charity to donate to?
Tabat Family Foundation Inc has a Mission Score of 80/100. Revenue: $2.0M. Assets: $4.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Tabat Family Foundation Inc?
The Employer Identification Number (EIN) for Tabat Family Foundation Inc is 10852699. 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 Tabat Family Foundation Inc spend its money?
Tabat Family Foundation Inc allocates 85% to programs, 15% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Tabat Family Foundation Inc's tax-exempt status?
You can verify Tabat Family Foundation Inc's tax-exempt status using EIN 10852699 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 Tabat Family Foundation Inc. demonstrates strong financial health, consistently growing its assets over the past decade, from $406,408 in 2011 to $4,408,224 in 2023. The organization maintains minimal liabilities, consistently reported as $1, indicating a very stable financial position. Spending efficiency, however, shows significant variability. In recent years (2022 and 2023), expenses have been remarkably low relative to revenue, with expenses of $24,811 against $738,399 revenue in 2022 and $26,624 against $700,787 revenue in 2023. This suggests a focus on asset accumulation rather than immediate program distribution in these periods.
Conversely, in earlier years like 2021 and 2020, expenses were closer to or even exceeded revenue, such as $1,382,935 in expenses against $973,654 revenue in 2021, indicating periods of higher grantmaking or operational activity. The consistent reporting of 0% officer compensation across all filings enhances transparency regarding executive pay, suggesting a volunteer-driven or minimally compensated leadership structure. The foundation's NTEE code T20 (Private Grantmaking Foundations) aligns with its operational pattern of receiving revenue and making grants, which would be reflected in its expenses.
Overall, the foundation appears to be a well-managed entity with a strong asset base and low liabilities. Its spending patterns suggest a strategic approach to grantmaking, with some years focused on building reserves and others on significant distributions. The lack of officer compensation is a positive indicator of efficient use of funds, though the specific breakdown of program vs. administrative expenses within the reported total expenses would provide a clearer picture of spending efficiency.