Is The Schwartz Family Foundation Inc…

Quick charity verification for The Schwartz Family Foundation Inc (EIN: 156017667)

Spending Breakdown

How The Schwartz 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 Schwartz Family Foundation Inc

Is The Schwartz Family Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, The Schwartz Family Foundation Inc (EIN: 156017667) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.

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

The Schwartz Family Foundation Inc has a Mission Score of 95/100. Revenue: $455K. Assets: $8.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for The Schwartz Family Foundation Inc?

The Employer Identification Number (EIN) for The Schwartz Family Foundation Inc is 156017667. 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 Schwartz Family Foundation Inc spend its money?

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

You can verify The Schwartz Family Foundation Inc's tax-exempt status using EIN 156017667 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 Schwartz Family Foundation Inc demonstrates a generally stable financial position with significant assets, consistently above $8 million and reaching over $12 million in recent years. The foundation's revenue has fluctuated, notably experiencing a negative revenue of $-905,835 in 2022, which suggests investment losses or significant asset revaluation, but rebounded strongly with $1,350,917 in revenue in 2023. Expenses have remained relatively consistent, typically ranging from $400,000 to $700,000 annually, indicating a predictable operational cost structure. The organization consistently reports 0% officer compensation, which is a strong indicator of efficient use of funds and a commitment to direct program spending, as administrative overhead related to executive salaries is non-existent.

Given the nature of a family foundation, the primary focus is often on grantmaking rather than extensive public fundraising or broad program delivery. The absence of officer compensation suggests that administrative functions are likely handled by volunteers or through minimal contracted services, contributing to a lean operational model. The substantial asset base of $8,631,595 (latest reported) provides a strong endowment for sustained philanthropic activities, even during periods of negative revenue. The foundation's financial health appears robust, supported by its significant assets and low administrative burden, allowing for a high proportion of its expenses to be directed towards its mission.

Is The Schwartz Family Foundation Inc Legit?

Verdict: The Schwartz Family Foundation Inc appears trustworthy

Red Flags

Strengths