Quick charity verification for Family Summits Inc (EIN: 205178011)
Verdict: Family Summits Inc shows mixed signals
65/100Mission Score
$251KRevenue
$91KAssets
3Red Flags
3Strengths
Red Flags
Significant deficit in the most recent fiscal year (202309), with expenses ($434,542) substantially exceeding revenue ($267,825).
Fluctuating revenue and expense patterns over the years, indicating potential instability in financial planning or funding.
Substantial increase in liabilities from $140 in 202209 to $442 in 202309, though still relatively low in absolute terms.
Strengths
Consistent filing of IRS Form 990s over 13 periods, demonstrating transparency in reporting.
No reported officer compensation across all filings, suggesting a lean executive structure or volunteer leadership.
History of accumulating assets, reaching $271,537 in 202209, before the recent decline.
Spending Breakdown
How Family Summits Inc allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
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 Summits Inc
Is Family Summits Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Family Summits Inc (EIN: 205178011) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Family Summits Inc a good charity to donate to?
Family Summits Inc has a Mission Score of 65/100. Revenue: $251K. Assets: $91K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Family Summits Inc?
The Employer Identification Number (EIN) for Family Summits Inc is 205178011. 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 Summits Inc spend its money?
Family Summits Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Family Summits Inc's tax-exempt status?
You can verify Family Summits Inc's tax-exempt status using EIN 205178011 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 Summits Inc. exhibits fluctuating financial health over the past decade. While the organization has generally maintained positive net assets, the most recent filing (202309) shows a significant deficit, with expenses of $434,542 far exceeding revenue of $267,825, leading to a decrease in net assets from $271,537 to $104,822. This recent trend is concerning, especially when compared to the prior year (202209) where revenue ($326,297) comfortably exceeded expenses ($156,148).
The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses. However, the absence of reported officer compensation across all filings suggests a lean operational structure at the executive level, which can be a positive indicator for donor confidence. The organization's transparency appears adequate given the consistent filing of IRS Form 990s, but a more detailed functional expense statement would enhance understanding of how funds are allocated.
Overall, Family Summits Inc. shows a history of operating with modest assets and revenues, but the substantial deficit in the latest fiscal year warrants closer examination. Donors should seek clarification on the reasons for the recent increase in expenses relative to revenue and how the organization plans to address this financial imbalance.