Quick charity verification for Gary Peters Family Foundation Inc (EIN: 201067444)
Verdict: Gary Peters Family Foundation Inc appears trustworthy
85/100Mission Score
$1.2MRevenue
$5.8MAssets
1Red Flags
3Strengths
Red Flags
Consistent decline in assets due to expenses exceeding revenue, which may limit future grantmaking capacity if not replenished.
Strengths
Zero officer compensation, indicating highly efficient use of funds for charitable purposes.
Consistent IRS 990 filing history, demonstrating good transparency.
Significant distributions relative to revenue, suggesting active grantmaking aligned with its mission.
Spending Breakdown
How Gary Peters Family Foundation Inc 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 Gary Peters Family Foundation Inc
Is Gary Peters Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Gary Peters Family Foundation Inc (EIN: 201067444) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
Is Gary Peters Family Foundation Inc a good charity to donate to?
Gary Peters Family Foundation Inc has a Mission Score of 85/100. Revenue: $1.2M. Assets: $5.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Gary Peters Family Foundation Inc?
The Employer Identification Number (EIN) for Gary Peters Family Foundation Inc is 201067444. 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 Gary Peters Family Foundation Inc spend its money?
Gary Peters Family Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Gary Peters Family Foundation Inc's tax-exempt status?
You can verify Gary Peters Family Foundation Inc's tax-exempt status using EIN 201067444 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 Gary Peters Family Foundation Inc. appears to be a private foundation primarily focused on grantmaking, as indicated by its NTEE code T20 (Private Grantmaking Foundations). Over the past several years, the foundation has consistently spent more than its annual revenue, drawing down its assets. For instance, in 2023, it reported revenue of $110,747 against expenses of $453,990, leading to a decrease in assets from $5,674,680 in 2022 to $5,494,605 in 2023. This trend of expenses significantly exceeding revenue has been consistent across all reported periods, suggesting a strategy of distributing capital rather than growing an endowment through fundraising.
The foundation demonstrates good transparency by filing its IRS 990s consistently. A notable aspect is the consistent reporting of 0% officer compensation across all filings, which is a positive indicator of efficient use of funds for its charitable purpose, as administrative costs related to executive salaries are absent. However, without a detailed breakdown of expenses beyond total expenses, it's challenging to fully assess spending efficiency between program, administrative, and fundraising costs. The consistent decline in assets from a peak of $8,545,722 in 2012 to $5,494,605 in 2023 suggests a significant distribution of funds over time, aligning with a grantmaking mission.