Is The Paul And Karen Levy Family…

Quick charity verification for The Paul And Karen Levy Family Foundation (EIN: 133982379)

Spending Breakdown

How The Paul And Karen Levy Family 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

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 Paul And Karen Levy Family Foundation

Is The Paul And Karen Levy Family Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, The Paul And Karen Levy Family Foundation (EIN: 133982379) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.

Is The Paul And Karen Levy Family Foundation a good charity to donate to?

The Paul And Karen Levy Family Foundation has a Mission Score of 85/100. Revenue: $7.4M. Assets: $2.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for The Paul And Karen Levy Family Foundation?

The Employer Identification Number (EIN) for The Paul And Karen Levy Family Foundation is 133982379. 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 Paul And Karen Levy Family Foundation spend its money?

The Paul And Karen Levy Family Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify The Paul And Karen Levy Family Foundation's tax-exempt status?

You can verify The Paul And Karen Levy Family Foundation's tax-exempt status using EIN 133982379 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 Paul And Karen Levy Family Foundation demonstrates a fluctuating financial profile, typical of a private foundation primarily engaged in grantmaking. In 2023, the foundation reported revenue of $4,347,030 against expenses of $4,088,376, indicating a surplus for the year. However, previous years show significant variability, such as a substantial deficit in 2022 with $169,502 in revenue against $1,921,107 in expenses, and a large surplus in 2021 with $7,820,487 in revenue versus $2,321,918 in expenses. This volatility suggests reliance on specific funding cycles or investment performance rather than consistent operational revenue.

The foundation consistently reports zero officer compensation across all available filings, which is a strong indicator of efficient use of funds and a commitment to directing resources towards its mission. Liabilities have remained minimal, often reported as $1, indicating sound financial management and low debt burden. The NTEE code T22Z, which typically refers to private grantmaking foundations, aligns with the observed financial patterns of receiving funds and distributing them, rather than operating extensive programs directly. The absence of officer compensation also contributes positively to its spending efficiency.

Transparency is generally good, as the foundation consistently files its IRS Form 990s, providing public access to its financial data. The consistent reporting of minimal liabilities and zero officer compensation enhances trust. While the specific breakdown of program, administrative, and fundraising expenses isn't explicitly detailed in the provided summary, the nature of a private foundation often means that most expenses are direct grants (programmatic) or necessary administrative overhead for managing investments and grant distributions. The lack of fundraising expenses is expected for a family foundation.

Is The Paul And Karen Levy Family Foundation Legit?

Verdict: The Paul And Karen Levy Family Foundation appears trustworthy

Red Flags

Strengths