Is Ausman Family Foundation Inc Legit?

Quick charity verification for Ausman Family Foundation Inc (EIN: 166093020)

Verdict: Ausman Family Foundation Inc shows mixed signals

45/100Mission Score

$129KRevenue

$38KAssets

5Red Flags

2Strengths

Red Flags

Consistent negative revenue in multiple years (e.g., $-16,444 in 2022, $-1,806 in 2019, $-957,664 in 2014, $-14,047 in 2011).
Expenses frequently exceed revenue, leading to significant net losses (e.g., 2022 expenses $189,287 vs. revenue $-16,444).
Dramatic decline in assets from $2,750,439 in 2012 to $38,436 currently, indicating significant depletion of reserves.
Latest reported assets ($38,436) are insufficient to cover even a fraction of recent annual expenses ($189,287 in 2022).
Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data hinders full spending efficiency analysis.

Strengths

Zero officer compensation reported across all filings, indicating no salaries paid to executives.
Generally low liabilities reported in recent years, suggesting good debt management.

Spending Breakdown

How Ausman Family Foundation Inc allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

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 Ausman Family Foundation Inc

Is Ausman Family Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Ausman Family Foundation Inc (EIN: 166093020) shows mixed signals. Mission Score: 45/100. 5 red flags identified, 2 strengths noted.

Is Ausman Family Foundation Inc a good charity to donate to?

Ausman Family Foundation Inc has a Mission Score of 45/100. Revenue: $129K. Assets: $38K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Ausman Family Foundation Inc?

The Employer Identification Number (EIN) for Ausman Family Foundation Inc is 166093020. 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 Ausman Family Foundation Inc spend its money?

Ausman Family Foundation Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Ausman Family Foundation Inc's tax-exempt status?

You can verify Ausman Family Foundation Inc's tax-exempt status using EIN 166093020 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 Ausman Family Foundation Inc. exhibits a concerning trend of declining financial health and inconsistent revenue generation. In 2022, the organization reported negative revenue of $-16,444, while incurring expenses of $189,287, leading to a significant net loss. This follows a pattern of expenses frequently exceeding revenue in multiple years, such as 2021 (revenue $105,236, expenses $179,482) and 2020 (revenue $68,622, expenses $207,059). The foundation's assets have also seen a substantial decline from a peak of $2,750,439 in 2012 to $38,436 currently, and $141,505 in 2022, indicating a significant depletion of its financial reserves over time. The latest reported assets of $38,436 are notably low given the historical expense levels. 

Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent deficit spending suggests an unsustainable operational model. The organization's liabilities have generally remained low, with $1 reported in recent years, which is a positive sign regarding debt management, but does not offset the overall financial instability. 

Transparency regarding executive compensation is high, with 0% officer compensation reported across all available filings, indicating that no salaries are paid to officers. However, the lack of detailed expense categories (program vs. admin vs. fundraising) in the provided data limits a comprehensive assessment of spending efficiency and how funds are allocated to its mission. The significant fluctuations in revenue, including multiple years of negative revenue, raise questions about the stability and long-term viability of the foundation.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.