How Berkley 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
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 Berkley Family Foundation Inc
Is Berkley Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Berkley Family Foundation Inc (EIN: 202659766) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
Is Berkley Family Foundation Inc a good charity to donate to?
Berkley Family Foundation Inc has a Mission Score of 70/100. Revenue: $1.7M. Assets: $1.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Berkley Family Foundation Inc?
The Employer Identification Number (EIN) for Berkley Family Foundation Inc is 202659766. 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 Berkley Family Foundation Inc spend its money?
Berkley 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 Berkley Family Foundation Inc's tax-exempt status?
You can verify Berkley Family Foundation Inc's tax-exempt status using EIN 202659766 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 Berkley Family Foundation Inc. exhibits fluctuating financial health over the past decade. While recent years (2021-2023) show revenues ranging from $2.5 million to $6.3 million, there have been periods of significant expense exceeding revenue, such as in 2022 where expenses were $5.6 million against $2.5 million in revenue, and in 2023 where expenses were $3.0 million against $2.6 million in revenue. This suggests reliance on prior year assets or other funding sources to cover operational costs in some periods. The organization consistently reports minimal liabilities ($1), which is a positive indicator of financial stability in terms of debt.
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 absence of reported officer compensation across all filings suggests a lean operational structure at the executive level, which can contribute to greater efficiency. The significant decrease in assets from a peak of over $17 million in 2014 to $3 million in 2023 warrants further investigation to understand the underlying reasons, such as substantial grantmaking or investment losses.
In terms of transparency, the consistent filing of IRS Form 990s over a decade demonstrates a commitment to public disclosure. The lack of officer compensation is a transparent practice, indicating that executive leadership is either volunteer-based or compensated through other means not captured as officer compensation. However, without more granular expense data, a complete picture of how funds are allocated across programs, administration, and fundraising remains somewhat opaque.