Quick charity verification for The Reginald F Lewis Foundation Inc (EIN: 133429965)
Verdict: The Reginald F Lewis Foundation Inc appears trustworthy
85/100Mission Score
$9.9MRevenue
$24.1MAssets
2Red Flags
4Strengths
Red Flags
Expenses consistently exceeding revenue in recent years (e.g., 2023, 2022), indicating potential reliance on asset drawdowns.
Lack of detailed spending breakdown (program, admin, fundraising) in provided data, making it difficult to fully assess efficiency.
Strengths
Strong asset base, with assets consistently above $21 million and reaching $24,140,280 (latest reported total assets).
Consistent reporting of 0% officer compensation, suggesting high efficiency in executive spending.
Long history of consistent IRS 990 filings, indicating good transparency.
Low liabilities, with $1 reported in 2023 and 2022, and $0 in prior years, indicating strong financial health.
Spending Breakdown
How The Reginald F Lewis 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 Reginald F Lewis Foundation Inc
Is The Reginald F Lewis Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Reginald F Lewis Foundation Inc (EIN: 133429965) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is The Reginald F Lewis Foundation Inc a good charity to donate to?
The Reginald F Lewis Foundation Inc has a Mission Score of 85/100. Revenue: $9.9M. Assets: $24.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Reginald F Lewis Foundation Inc?
The Employer Identification Number (EIN) for The Reginald F Lewis Foundation Inc is 133429965. 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 Reginald F Lewis Foundation Inc spend its money?
The Reginald F Lewis 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 Reginald F Lewis Foundation Inc's tax-exempt status?
You can verify The Reginald F Lewis Foundation Inc's tax-exempt status using EIN 133429965 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 Reginald F Lewis Foundation Inc demonstrates a stable financial position with significant assets, reported at $23,375,772 in the latest 2023 filing. However, recent years show a trend where expenses have exceeded revenue, such as in 2023 where expenses were $1,324,012 against revenue of $926,148, and in 2022 with expenses of $2,692,772 against revenue of $2,670,360. This indicates a reliance on existing assets or prior year surpluses to cover operational costs. The organization consistently reports 0% officer compensation, which is a positive indicator of efficient use of funds for its mission rather than executive salaries.
The foundation's spending efficiency, while not explicitly detailed by program, administrative, and fundraising categories in the provided data, can be inferred to be focused on its mission given the lack of officer compensation. The consistent asset base over the years, despite fluctuating revenues and expenses, suggests prudent financial management of its endowment. The organization's transparency is good, with consistent IRS 990 filings available, showing a clear financial history.
Overall, while the foundation has a strong asset base and no reported officer compensation, the recent trend of expenses exceeding revenue warrants attention to ensure long-term sustainability without depleting its significant assets. Its consistent filing history and zero officer compensation contribute positively to its transparency and perceived efficiency.