Is Family Assistance Education & Research Foundation Inc Legit?
Quick charity verification for Family Assistance Education & Research Foundation Inc (EIN: 201087270)
Verdict: Family Assistance Education & Research Foundation Inc appears trustworthy
85/100Mission Score
$215KRevenue
$365KAssets
1Red Flags
4Strengths
Red Flags
Expenses exceeded revenue in 2023 ($271,249 expenses vs. $249,206 revenue), resulting in a deficit for the year.
Strengths
Consistent reporting of 0% officer compensation across all filings, indicating efficient use of funds.
Significant asset growth from $44,400 in 2019 to $331,236 in 2023, enhancing long-term stability.
Low liabilities across all periods, demonstrating sound financial management.
Consistent IRS 990 filing history (13 filings), indicating strong transparency and accountability.
Spending Breakdown
How Family Assistance Education & Research Foundation Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Family Assistance Education & Research Foundation Inc
Is Family Assistance Education & Research Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Family Assistance Education & Research Foundation Inc (EIN: 201087270) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Family Assistance Education & Research Foundation Inc a good charity to donate to?
Family Assistance Education & Research Foundation Inc has a Mission Score of 85/100. Revenue: $215K. Assets: $365K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Family Assistance Education & Research Foundation Inc?
The Employer Identification Number (EIN) for Family Assistance Education & Research Foundation Inc is 201087270. 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 Family Assistance Education & Research Foundation Inc spend its money?
Family Assistance Education & Research Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Family Assistance Education & Research Foundation Inc's tax-exempt status?
You can verify Family Assistance Education & Research Foundation Inc's tax-exempt status using EIN 201087270 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
Family Assistance Education & Research Foundation Inc demonstrates a generally stable financial position, with assets growing significantly from $44,400 in 2019 to $331,236 in 2023. However, the organization experienced a deficit in 2023, with expenses of $271,249 exceeding revenue of $249,206. This follows a surplus in 2022 ($253,728 revenue vs. $222,174 expenses). The organization's revenue has fluctuated over the years, peaking at $401,818 in 2020 before settling into a range around $200,000-$250,000 in recent years. Liabilities have remained relatively low, indicating good financial management in that area.
The organization's spending efficiency appears to be strong, particularly given the consistent reporting of 0% officer compensation across all available filings, which suggests resources are directed towards operations rather than executive salaries. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the absence of officer compensation is a positive indicator for efficiency. Transparency is good, with a consistent filing history over 13 periods, allowing for a clear view of financial trends.
Overall, the foundation appears to be a well-managed entity with a solid asset base and a commitment to minimizing executive overhead. The recent deficit in 2023 warrants monitoring, but the overall trend of asset growth and low liabilities suggests a resilient organization. The fluctuation in revenue, while not alarming, indicates a need for consistent fundraising efforts.