Quick charity verification for Bennett Family Foundation (EIN: 204894062)
Verdict: Bennett Family Foundation shows mixed signals
65/100Mission Score
$108KRevenue
$687KAssets
3Red Flags
3Strengths
Red Flags
Consistent operating deficits (expenses exceeding revenue) in recent years, e.g., $52,688 expenses vs. $23,977 revenue in 2023.
Significant decline in total assets from $1,035,695 in 2019 to $676,415 in 2023, indicating spending down of principal.
Revenue volatility, with large fluctuations year-to-year (e.g., $154,691 in 2019 vs. $12,722 in 2022).
Strengths
Consistent and timely IRS 990 filing history, demonstrating transparency.
No reported officer compensation, indicating low administrative overhead related to executive salaries.
Maintains a substantial asset base relative to its annual revenue, despite recent declines.
Spending Breakdown
How Bennett Family 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 Bennett Family Foundation
Is Bennett Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Bennett Family Foundation (EIN: 204894062) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Bennett Family Foundation a good charity to donate to?
Bennett Family Foundation has a Mission Score of 65/100. Revenue: $108K. Assets: $687K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Bennett Family Foundation?
The Employer Identification Number (EIN) for Bennett Family Foundation is 204894062. 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 Bennett Family Foundation spend its money?
Bennett Family Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Bennett Family Foundation's tax-exempt status?
You can verify Bennett Family Foundation's tax-exempt status using EIN 204894062 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 Bennett Family Foundation, a private foundation, demonstrates consistent transparency through its regular IRS 990 filings. However, its financial health shows a concerning trend of declining assets and consistent operating deficits in recent years. For instance, in 2023, expenses of $52,688 significantly outstripped revenue of $23,977, leading to a decrease in assets from $706,372 in 2022 to $676,415. This pattern of expenses exceeding revenue has been observed in the last four reported periods (2020-2023), indicating that the foundation is spending down its principal rather than operating sustainably from investment income or new contributions.
Spending efficiency is difficult to fully assess without a detailed breakdown of program service expenses versus administrative and fundraising costs, which are not provided in the summary data. However, as a private foundation, its primary function is typically grant-making, which is inherently program-focused. The absence of officer compensation reported across all filings suggests that administrative overhead related to salaries is minimal, which is a positive indicator for efficiency.
Overall, while the foundation is transparent with its filings and appears to manage executive compensation effectively, its long-term financial sustainability is questionable given the consistent net losses and declining asset base. The foundation's assets have decreased from a peak of $1,035,695 in 2019 to $676,415 in 2023, representing a significant reduction over five years.