Quick charity verification for Foster Family Private Foundation Inc (EIN: 20709426)
Verdict: Foster Family Private Foundation Inc shows mixed signals
65/100Mission Score
$162KRevenue
$1.9MAssets
3Red Flags
3Strengths
Red Flags
Consistent deficit spending: Expenses have exceeded revenue in most reported periods, leading to a decline in assets (e.g., 2023 expenses $89,823 vs. revenue $79,037).
Declining asset base: Assets have decreased from $2,823,667 in 2013 to $1,892,490 in 2023, indicating a draw-down of the endowment.
Lack of detailed expense breakdown: Without a clear breakdown of program vs. administrative expenses, it's difficult to fully assess spending efficiency.
Strengths
Zero officer compensation: No officer compensation reported across all filings, indicating low executive overhead.
Very low liabilities: Liabilities consistently reported as $1, suggesting strong financial management in terms of debt.
Consistent filing history: 10 filings available, demonstrating transparency in reporting to the IRS.
Spending Breakdown
How Foster Family Private 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 Foster Family Private Foundation Inc
Is Foster Family Private Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Foster Family Private Foundation Inc (EIN: 20709426) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Foster Family Private Foundation Inc a good charity to donate to?
Foster Family Private Foundation Inc has a Mission Score of 65/100. Revenue: $162K. Assets: $1.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Foster Family Private Foundation Inc?
The Employer Identification Number (EIN) for Foster Family Private Foundation Inc is 20709426. 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 Foster Family Private Foundation Inc spend its money?
Foster Family Private Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Foster Family Private Foundation Inc's tax-exempt status?
You can verify Foster Family Private Foundation Inc's tax-exempt status using EIN 20709426 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 Foster Family Private Foundation Inc. demonstrates a consistent pattern of spending exceeding its revenue over the past several years, as evidenced by the 202312 filing showing expenses of $89,823 against revenue of $79,037, and the 202212 filing with expenses of $218,286 against revenue of $67,863. This trend has led to a gradual decline in assets from $2,823,667 in 2013 to $1,892,490 in 2023. While the organization maintains a very low liability profile ($1 across all reported periods), the sustained deficit spending raises questions about long-term financial sustainability if not addressed. The absence of officer compensation reported across all filings indicates a commitment to minimizing administrative overhead in that specific area.
Given the NTEE code T20 (Private Grantmaking Foundations), the primary 'program' activity would be grantmaking. Without a detailed breakdown of expenses beyond total expenses, it's challenging to precisely assess spending efficiency in terms of program delivery versus administrative or fundraising costs. However, the consistent net loss suggests that the foundation is drawing down its endowment to fund its activities. The transparency is good in terms of public filings, but a more detailed breakdown of expenses would enhance understanding of how funds are allocated.