Inconsistent revenue streams leading to significant year-over-year fluctuations.
Expenses exceeded revenue in multiple recent periods (e.g., 202312, 202212), indicating reliance on reserves or prior surpluses.
Strengths
Consistent IRS 990 filing history, demonstrating strong transparency and compliance.
Zero reported officer compensation across all filings, indicating efficient use of funds at the executive level.
Maintains positive assets and low liabilities, suggesting a healthy balance sheet.
Long operational history with 13 filings, indicating sustained commitment to its mission.
Spending Breakdown
How Fortunate Families 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 Fortunate Families Inc
Is Fortunate Families Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Fortunate Families Inc (EIN: 202314620) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Fortunate Families Inc a good charity to donate to?
Fortunate Families Inc has a Mission Score of 85/100. Revenue: $64K. Assets: $74K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Fortunate Families Inc?
The Employer Identification Number (EIN) for Fortunate Families Inc is 202314620. 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 Fortunate Families Inc spend its money?
Fortunate Families Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Fortunate Families Inc's tax-exempt status?
You can verify Fortunate Families Inc's tax-exempt status using EIN 202314620 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
Fortunate Families Inc. demonstrates a consistent, albeit modest, operational scale, with annual revenues fluctuating between approximately $43,000 and $110,000 over the past decade. The organization's financial health appears stable, maintaining positive assets, which stood at $87,850 in the latest filing (202312), against relatively low liabilities of $1,816. However, the organization has experienced periods where expenses exceeded revenue, such as in 202312 ($87,080 expenses vs. $83,010 revenue) and 202212 ($89,938 expenses vs. $47,633 revenue), indicating a reliance on prior year surpluses or reserves to cover operational costs in some years.
The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which is not provided in the summary data. However, the consistent reporting of 0% officer compensation across all available filings suggests a lean operational model at the executive level, potentially indicating a high degree of volunteer involvement or very modest compensation for leadership. This practice generally contributes positively to spending efficiency by minimizing overhead related to executive salaries.
Regarding transparency, the organization has a robust filing history with 13 IRS 990 filings, indicating consistent compliance with reporting requirements. The absence of officer compensation in all reported periods is a notable transparency point, as it clearly communicates that no executive salaries are being paid from the organization's funds. While specific program details are not available from this data, the consistent filing and zero officer compensation suggest a commitment to financial accountability.