Is The Emma And Georgina Bloomberg Foundation Legit?
Quick charity verification for The Emma And Georgina Bloomberg Foundation (EIN: 137151342)
Verdict: The Emma And Georgina Bloomberg Foundation appears trustworthy
85/100Mission Score
$9.2MRevenue
$25.3MAssets
2Red Flags
4Strengths
Red Flags
Consistent deficit spending (expenses exceeding revenue in most years)
Significant year-over-year revenue volatility (e.g., $25M in 2022 to $1.1M in 2023)
Strengths
Zero officer compensation reported across all filings
Substantial and stable asset base ($26,262,240 in 2023)
No reported fundraising expenses, indicating efficient resource allocation for funding
High transparency in financial reporting
Spending Breakdown
How The Emma And Georgina Bloomberg Foundation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
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 The Emma And Georgina Bloomberg Foundation
Is The Emma And Georgina Bloomberg Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Emma And Georgina Bloomberg Foundation (EIN: 137151342) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is The Emma And Georgina Bloomberg Foundation a good charity to donate to?
The Emma And Georgina Bloomberg Foundation has a Mission Score of 85/100. Revenue: $9.2M. Assets: $25.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Emma And Georgina Bloomberg Foundation?
The Employer Identification Number (EIN) for The Emma And Georgina Bloomberg Foundation is 137151342. 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 The Emma And Georgina Bloomberg Foundation spend its money?
The Emma And Georgina Bloomberg Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Emma And Georgina Bloomberg Foundation's tax-exempt status?
You can verify The Emma And Georgina Bloomberg Foundation's tax-exempt status using EIN 137151342 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 Emma And Georgina Bloomberg Foundation demonstrates a high degree of financial transparency, consistently reporting zero officer compensation across all available filings. This indicates that the foundation's leadership is not drawing salaries, which is a positive sign for donor confidence. However, the foundation's financial health shows significant variability in revenue, with a notable spike to $25,004,011 in 2022, followed by a sharp decline to $1,167,626 in 2023. Despite this, the asset base has remained relatively stable and substantial, at $26,262,240 in 2023, suggesting a strong endowment or investment strategy. The foundation consistently spends more than its annual revenue in most years, such as in 2023 where expenses were $1,399,431 against $1,167,626 in revenue, indicating it draws from its assets to fund its activities. This spending pattern, while not inherently negative for a well-endowed foundation, warrants attention to ensure long-term sustainability.