Quick charity verification for Healey Family Private Foundation Inc (EIN: 202704279)
Verdict: Healey Family Private Foundation Inc shows mixed signals
40/100Mission Score
$168KRevenue
$236KAssets
4Red Flags
3Strengths
Red Flags
Consistent negative revenue in recent years (e.g., -$131,729 in 2023, -$94,997 in 2022).
Significant decline in assets from $532,994 in 2021 to $235,850 in 2023.
Expenses exceeding revenue in multiple periods, contributing to asset depletion.
Lack of detailed expense breakdown to assess program efficiency.
Strengths
Consistent filing of IRS Form 990s, indicating transparency.
No reported officer compensation, suggesting volunteer leadership or minimal administrative overhead in that area.
Very low reported liabilities ($1 across all periods).
Spending Breakdown
How Healey Family Private Foundation Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
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 Healey Family Private Foundation Inc
Is Healey Family Private Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Healey Family Private Foundation Inc (EIN: 202704279) shows mixed signals. Mission Score: 40/100. 4 red flags identified, 3 strengths noted.
Is Healey Family Private Foundation Inc a good charity to donate to?
Healey Family Private Foundation Inc has a Mission Score of 40/100. Revenue: $168K. Assets: $236K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Healey Family Private Foundation Inc?
The Employer Identification Number (EIN) for Healey Family Private Foundation Inc is 202704279. 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 Healey Family Private Foundation Inc spend its money?
Healey Family Private Foundation Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Healey Family Private Foundation Inc's tax-exempt status?
You can verify Healey Family Private Foundation Inc's tax-exempt status using EIN 202704279 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 Healey Family Private Foundation Inc. exhibits a concerning financial trend with consistent negative revenue in recent years, including a -$131,729 revenue in 2023 and -$94,997 in 2022. This indicates that the organization is losing money rather than generating it, which is unsustainable for long-term operations. Despite these revenue losses, the foundation continues to incur expenses, with $60,805 in 2023 and $9,613 in 2022, leading to a significant depletion of assets from $532,994 in 2021 to $235,850 in 2023. The consistent reporting of $1 in liabilities across all periods suggests minimal external debt, but the declining asset base is a major red flag.
The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program versus administrative expenses. However, given the negative revenue and declining assets, the overall financial health appears weak. The lack of officer compensation reported across all filings suggests a volunteer-driven or minimally compensated leadership, which can be a positive for resource allocation if program spending is robust. However, the primary concern remains the foundation's ability to sustain its operations and fulfill its mission given its current financial trajectory. Transparency is generally good with 10 filings available, but the financial performance raises questions about the effectiveness of its financial management.