Is The Lipman Family Foundation Inc Legit?

Quick charity verification for The Lipman Family Foundation Inc (EIN: 136066963)

Verdict: The Lipman Family Foundation Inc appears trustworthy

85/100Mission Score

$38.2MRevenue

$54.3MAssets

1Red Flags

4Strengths

Red Flags

Significant revenue volatility makes future income projections challenging.

Strengths

Consistent 0% officer compensation indicates highly efficient leadership structure.
Strong asset growth from $15.5M in 2011 to $54.3M currently, demonstrating effective financial management.
Expenses consistently well below revenue, allowing for asset accumulation and future grantmaking capacity.
Low liabilities across all reporting periods, indicating sound financial health.

Spending Breakdown

How The Lipman Family 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

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 Lipman Family Foundation Inc

Is The Lipman Family Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, The Lipman Family Foundation Inc (EIN: 136066963) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.

Is The Lipman Family Foundation Inc a good charity to donate to?

The Lipman Family Foundation Inc has a Mission Score of 85/100. Revenue: $38.2M. Assets: $54.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for The Lipman Family Foundation Inc?

The Employer Identification Number (EIN) for The Lipman Family Foundation Inc is 136066963. 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 Lipman Family Foundation Inc spend its money?

The Lipman Family 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 Lipman Family Foundation Inc's tax-exempt status?

You can verify The Lipman Family Foundation Inc's tax-exempt status using EIN 136066963 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 Lipman Family Foundation Inc demonstrates a generally strong financial position with substantial assets, currently at $54,340,086. The foundation's revenue has fluctuated significantly over the years, with a notable peak of $38,185,148 in the latest reported period, contrasting sharply with $193,006 in 202306. This volatility suggests reliance on investment returns or large, infrequent contributions rather than consistent operational income. Expense management appears efficient, with expenses generally well below revenue, indicating a healthy accumulation of assets for future grantmaking. For instance, in 202406, expenses were $2,877,867 against $3,737,145 in revenue.

The organization's spending efficiency is commendable, particularly given the consistent reporting of 0% officer compensation across all filings, which suggests a lean administrative structure or reliance on unpaid leadership. As a private foundation, its primary function is grantmaking, and the absence of detailed program, administrative, and fundraising expense breakdowns in the provided data makes a precise assessment of spending efficiency challenging beyond the overall expense-to-revenue ratio. However, the consistent growth in assets from $15,491,312 in 201106 to $54,340,086 currently indicates effective financial stewardship.

Transparency is generally good through its consistent IRS 990 filings. However, the lack of specific breakdowns for program, administrative, and fundraising expenses within the provided data limits a deeper analysis of how funds are allocated. For a foundation of this size, more granular detail on grant distributions and operational costs would enhance public understanding of its impact and efficiency. The consistent low liabilities also points to sound financial management.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.