Quick charity verification for The William And Anita Newman Foundation (EIN: 133352983)
Verdict: The William And Anita Newman Foundation appears trustworthy
85/100Mission Score
$33.5MRevenue
$56.6MAssets
3Red Flags
4Strengths
Red Flags
Significant revenue volatility, making financial planning and consistent program delivery potentially challenging (e.g., $48M in 2021 vs. -$2.7M in 2015).
Expenses exceeded revenue in the latest 2023 filing ($3,177,739 expenses vs. $2,865,298 revenue), indicating a deficit for that period.
NTEE code is unknown, which limits understanding of the organization's specific charitable sector and mission alignment.
Maintains a very strong asset base ($55,858,143 in 2023), providing financial stability and capacity for future activities.
Consistently low liabilities across all filing periods, indicating sound financial management and minimal debt burden.
Historically, expenses have generally been well below revenue, contributing to asset growth over time.
Spending Breakdown
How The William And Anita Newman Foundation allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
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 William And Anita Newman Foundation
Is The William And Anita Newman Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The William And Anita Newman Foundation (EIN: 133352983) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
Is The William And Anita Newman Foundation a good charity to donate to?
The William And Anita Newman Foundation has a Mission Score of 85/100. Revenue: $33.5M. Assets: $56.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The William And Anita Newman Foundation?
The Employer Identification Number (EIN) for The William And Anita Newman Foundation is 133352983. 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 William And Anita Newman Foundation spend its money?
The William And Anita Newman Foundation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The William And Anita Newman Foundation's tax-exempt status?
You can verify The William And Anita Newman Foundation's tax-exempt status using EIN 133352983 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 William And Anita Newman Foundation demonstrates a strong financial position with substantial assets, reported at $55,858,143 in the latest 2023 filing. The organization's revenue has shown significant volatility, with a peak of $48,123,170 in 2021, contrasting with a negative revenue of $-2,758,659 in 2015. This fluctuation suggests reliance on potentially large, infrequent contributions or investment gains/losses rather than consistent operational income. Expenses have generally been well below revenue in most years, contributing to asset growth, though the 2023 filing shows expenses ($3,177,739) exceeding revenue ($2,865,298), indicating a deficit for that period.
The foundation consistently reports 0% officer compensation across all available filings, which is a positive indicator for donor confidence regarding executive pay. However, without detailed expense breakdowns (e.g., program vs. administrative vs. fundraising) from the provided data, a precise assessment of spending efficiency is challenging. The low liabilities consistently reported across all periods suggest sound financial management and minimal debt burden.
Overall, the foundation appears financially robust due to its significant asset base and conservative approach to liabilities. The lack of officer compensation is a notable strength in transparency. However, the absence of detailed expense categorization in the provided data limits a full evaluation of spending efficiency and program focus, making it difficult to definitively assess the proportion of funds directly supporting charitable activities.