Is Bill And Charlotte Mathers Family Foundation Inc Legit?

Quick charity verification for Bill And Charlotte Mathers Family Foundation Inc (EIN: 203647885)

Verdict: Bill And Charlotte Mathers Family Foundation Inc shows mixed signals

65/100Mission Score
$26KRevenue
$24KAssets
2Red Flags
2Strengths

Red Flags

Strengths

AI Transparency Report

The Bill And Charlotte Mathers Family Foundation Inc appears to be a small family foundation with a history of consistent net losses, indicating it is spending down its assets rather than growing. Over the past five years, the organization has consistently reported expenses significantly exceeding its revenue, for example, in 2014, revenue was $32,080 while expenses were $75,672. This trend has led to a substantial decrease in assets, from $143,550 in 2011 to $24,167 currently. While the organization reports 0% officer compensation, which is a positive for efficiency, the overall financial health suggests a limited operational lifespan if current spending patterns continue without significant new funding. The NTEE code T20 (Private Grantmaking Foundations) suggests its primary activity is making grants, which would fall under program spending.

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Disclaimer

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

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