Is Linda And James Beasley Family Foundation Legit?

Quick charity verification for Linda And James Beasley Family Foundation (EIN: 201532849)

Verdict: Linda And James Beasley Family Foundation appears trustworthy

80/100Mission Score

$203KRevenue

$1.4MAssets

2Red Flags

4Strengths

Red Flags

Expenses exceeded revenue in recent years (e.g., $260,498 expenses vs. $203,033 revenue in 2022), leading to operating deficits.
Revenue has been inconsistent, fluctuating significantly from $90,142 in 2021 to $455,629 in 2020.

Strengths

Strong asset base, consistently over $1 million, reaching $1,369,105 in 2022.
Extremely low liabilities, consistently reported as $1 in recent years, indicating minimal debt.
0% officer compensation reported across all filings, suggesting highly efficient executive overhead.
Consistent IRS 990 filing history (9 filings), indicating good compliance and transparency.

Spending Breakdown

How Linda And James Beasley Family Foundation allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Linda And James Beasley Family Foundation

Is Linda And James Beasley Family Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Linda And James Beasley Family Foundation (EIN: 201532849) appears trustworthy. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.

Is Linda And James Beasley Family Foundation a good charity to donate to?

Linda And James Beasley Family Foundation has a Mission Score of 80/100. Revenue: $203K. Assets: $1.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Linda And James Beasley Family Foundation?

The Employer Identification Number (EIN) for Linda And James Beasley Family Foundation is 201532849. 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 Linda And James Beasley Family Foundation spend its money?

Linda And James Beasley Family Foundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Linda And James Beasley Family Foundation's tax-exempt status?

You can verify Linda And James Beasley Family Foundation's tax-exempt status using EIN 201532849 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 Linda And James Beasley Family Foundation demonstrates consistent financial stability with assets exceeding $1 million in recent years, reaching $1,369,105 in 2022. The organization's revenue has fluctuated, with a notable high of $455,629 in 2020 and a low of $90,142 in 2021, indicating reliance on varying donation levels. In 2022, expenses ($260,498) exceeded revenue ($203,033), resulting in a net deficit for the year, a trend also observed in 2021 and 2019. However, the foundation maintains a very low liability profile, consistently reporting $1 in recent years, which is a strong indicator of fiscal responsibility and minimal debt burden. The absence of officer compensation reported across all filings suggests that the foundation's leadership is either unpaid or compensated through other means not disclosed as officer compensation, which can be a positive sign for donor confidence regarding administrative efficiency.

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses from the provided data, a precise assessment is challenging. However, the consistent reporting of zero officer compensation suggests a lean operational structure at the top. The foundation's primary activity, as indicated by its NTEE code T22 (Private Grantmaking Foundations), implies that a significant portion of its expenses should ideally be directed towards grants and contributions. The consistent net deficits in recent years (e.g., $57,465 in 2022 and $48,288 in 2021) warrant closer examination to ensure that these are managed effectively and do not erode the asset base over the long term. The foundation's transparency is generally good through its consistent 990 filings, but more detailed expense breakdowns would enhance understanding of its spending priorities.

Overall, the foundation appears to be a well-managed entity with a strong asset base and minimal liabilities. Its financial health is generally sound, though the recent trend of expenses exceeding revenue requires monitoring. The lack of officer compensation is a significant positive for efficiency and transparency. To further improve, a more granular breakdown of expenses would allow for a clearer understanding of its program spending ratio.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.