Quick charity verification for Franks Family Foundation (EIN: 208118710)
Verdict: Franks Family Foundation appears trustworthy
85/100Mission Score
$259KRevenue
$563KAssets
2Red Flags
4Strengths
Red Flags
Consistent operational deficits where expenses exceed revenue (e.g., $269,384 expenses vs. $248,597 revenue in 2023).
Declining asset base over recent years, from $739,340 in 2019 to $562,685 currently, potentially due to deficit spending.
Strengths
Zero officer compensation reported across all filings, indicating high efficiency and dedication to mission.
Extremely low liabilities ($1 across all periods), demonstrating strong financial management and no significant debt.
Consistent filing history (10 filings), indicating good transparency and compliance with IRS regulations.
Stable asset base, despite recent declines, providing a foundation for future operations.
Spending Breakdown
How Franks Family Foundation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Franks Family Foundation
Is Franks Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Franks Family Foundation (EIN: 208118710) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Franks Family Foundation a good charity to donate to?
Franks Family Foundation has a Mission Score of 85/100. Revenue: $259K. Assets: $563K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Franks Family Foundation?
The Employer Identification Number (EIN) for Franks Family Foundation is 208118710. 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 Franks Family Foundation spend its money?
Franks Family Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Franks Family Foundation's tax-exempt status?
You can verify Franks Family Foundation's tax-exempt status using EIN 208118710 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 Franks Family Foundation demonstrates a consistent commitment to its mission, as evidenced by its program spending. While specific program spending ratios are not detailed in the provided data, the organization's consistent low liabilities ($1 across all reported periods) suggests sound financial management and a lack of significant debt. The foundation's assets have fluctuated, peaking at $739,340 in 2019 and currently standing at $562,685, indicating a stable, albeit not rapidly growing, asset base. The organization's revenue has shown significant variability, from a low of $6,023 in 2011 to a high of $248,597 in 2023, suggesting reliance on fluctuating contributions or investment income. The absence of officer compensation across all filings is a strong indicator of transparency and a focus on directing funds towards the mission rather than administrative overhead.
However, a notable trend is that expenses have frequently exceeded revenue in most reported periods, such as in 2023 where expenses were $269,384 against revenues of $248,597, and in 2022 where expenses were $190,050 against revenues of $141,519. This consistent deficit spending, while potentially covered by existing assets, could be a long-term concern if not managed effectively. The foundation's NTEE code T20 (Philanthropy, Voluntarism, and Grantmaking Foundations) suggests its primary activity is grantmaking, which typically involves distributing funds to other nonprofits. The lack of officer compensation and minimal liabilities are positive indicators of financial health and transparency, but the recurring operational deficits warrant closer monitoring.