Quick charity verification for The Laskin Charitable Foundation Inc (EIN: 133245633)
Verdict: The Laskin Charitable Foundation Inc appears trustworthy
85/100Mission Score
$3.9MRevenue
$16.3MAssets
2Red Flags
4Strengths
Red Flags
Highly volatile revenue streams make long-term financial planning and consistent program support challenging.
NTEE code is unknown, which limits understanding of its specific charitable focus and impact area.
Strengths
Consistent asset growth from $7.9 million in 2011 to $16.7 million in 2023, indicating strong financial stewardship.
Extremely low liabilities ($1 across all periods) demonstrating excellent financial health and minimal debt.
No reported officer compensation, suggesting high efficiency and dedication from leadership.
Relatively stable and low expenses, indicating efficient operations or a focus on grantmaking.
Spending Breakdown
How The Laskin Charitable Foundation Inc 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 Laskin Charitable Foundation Inc
Is The Laskin Charitable Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Laskin Charitable Foundation Inc (EIN: 133245633) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is The Laskin Charitable Foundation Inc a good charity to donate to?
The Laskin Charitable Foundation Inc has a Mission Score of 85/100. Revenue: $3.9M. Assets: $16.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Laskin Charitable Foundation Inc?
The Employer Identification Number (EIN) for The Laskin Charitable Foundation Inc is 133245633. 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 Laskin Charitable Foundation Inc spend its money?
The Laskin Charitable Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Laskin Charitable Foundation Inc's tax-exempt status?
You can verify The Laskin Charitable Foundation Inc's tax-exempt status using EIN 133245633 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 Laskin Charitable Foundation Inc demonstrates a highly variable financial performance over the past decade, with significant fluctuations in revenue. For instance, revenue surged from $345,279 in 2022 to $12,335,095 in 2023, indicating a reliance on large, infrequent contributions or investment gains. Despite these revenue swings, the organization consistently maintains very low liabilities ($1 across all reported periods) and has grown its assets from $7,953,695 in 2011 to $16,769,198 in 2023, suggesting strong asset management and financial stability. The foundation's expenses have remained relatively low and stable, ranging from $343,767 to $867,970 annually, which could indicate efficient operations or a focus on grantmaking rather than direct program delivery. The absence of reported officer compensation across all filings points to a high degree of transparency regarding executive pay, as it suggests either a volunteer-led board or compensation is covered by other means not reported as officer compensation.