Is The Harold Grinspoon Charitable Foundation Legit?
Quick charity verification for The Harold Grinspoon Charitable Foundation (EIN: 222738277)
Verdict: The Harold Grinspoon Charitable Foundation appears trustworthy
85/100Mission Score
$2.9MRevenue
$18.5MAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent revenue generation over multiple years, demonstrating stable funding.
Very low administrative and fundraising costs (0% fundraising reported), maximizing funds for programs.
Significant asset base (e.g., $18,458,358 in 2023) provides long-term stability.
Consistent program spending relative to revenue, indicating a steady commitment to its mission.
Spending Breakdown
How The Harold Grinspoon Charitable Foundation 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 The Harold Grinspoon Charitable Foundation
Is The Harold Grinspoon Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Harold Grinspoon Charitable Foundation (EIN: 222738277) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
Is The Harold Grinspoon Charitable Foundation a good charity to donate to?
The Harold Grinspoon Charitable Foundation has a Mission Score of 85/100. Revenue: $2.9M. Assets: $18.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Harold Grinspoon Charitable Foundation?
The Employer Identification Number (EIN) for The Harold Grinspoon Charitable Foundation is 222738277. 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 Harold Grinspoon Charitable Foundation spend its money?
The Harold Grinspoon Charitable Foundation allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Harold Grinspoon Charitable Foundation's tax-exempt status?
You can verify The Harold Grinspoon Charitable Foundation's tax-exempt status using EIN 222738277 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 Harold Grinspoon Charitable Foundation is a philanthropy, voluntarism & grantmaking nonprofit based in Agawam, Massachusetts, with reported revenue of $2.9M and assets of $18.5M. Our AI analysis assigns a Mission Score of 85/100 (Excellent). Approximately 90% of spending goes to programs, 5% to administration, and 5% to fundraising. - Financial statements are publicly available through IRS Form 990 filings.
- The foundation consistently reports 0% fundraising costs, indicating efficient operations.
- Detailed program expenses are clearly outlined in the filings. Executive compensation is not explicitly detailed in the provided data, but the low administrative costs suggest a lean operational structure. Revenue has declined -21% across 10 filing periods.