Quick charity verification for Thomas R Schiff Foundation (EIN: 205678503)
Verdict: Thomas R Schiff Foundation appears trustworthy
95/100Mission Score
$1.6MRevenue
$2.2MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Zero executive compensation reported across all filings.
Consistent growth in assets, from $506,393 in 2011 to $2,147,846 in 2023.
Extremely low liabilities, consistently reported as $1.
Strong financial stability with healthy revenue streams and controlled expenses.
Consistent IRS 990 filing history demonstrating transparency.
Spending Breakdown
How Thomas R Schiff 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
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 Thomas R Schiff Foundation
Is Thomas R Schiff Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Thomas R Schiff Foundation (EIN: 205678503) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Thomas R Schiff Foundation a good charity to donate to?
Thomas R Schiff Foundation has a Mission Score of 95/100. Revenue: $1.6M. Assets: $2.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Thomas R Schiff Foundation?
The Employer Identification Number (EIN) for Thomas R Schiff Foundation is 205678503. 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 Thomas R Schiff Foundation spend its money?
Thomas R Schiff Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Thomas R Schiff Foundation's tax-exempt status?
You can verify Thomas R Schiff Foundation's tax-exempt status using EIN 205678503 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 Thomas R Schiff Foundation demonstrates strong financial health and a consistent commitment to its programmatic mission. Over the past five years, the foundation has maintained robust revenue streams, averaging over $2 million annually, and has significantly grown its assets from $1,557,351 in 2019 to $2,147,846 in 2023. Its liabilities have consistently remained at a minimal $1, indicating excellent financial stability and low risk. The foundation's spending efficiency is commendable, with a high proportion of expenses directed towards programs, as evidenced by the low overall expense ratios relative to revenue in most years. For instance, in 2023, expenses were $1,113,094 against revenue of $1,558,682, showing a healthy surplus for future grantmaking or asset growth.
The organization's transparency is high, particularly given its consistent filing of IRS Form 990s over a decade, with all filings showing zero officer compensation. This indicates that the foundation operates without paying its executives, which is a strong positive for donor confidence and resource allocation directly to its mission. The consistent growth in assets alongside controlled expenses suggests prudent financial management and a sustainable model for long-term philanthropic impact. The foundation's financial practices appear to prioritize asset growth and program delivery over administrative overhead.