Quick charity verification for Lindsay Family Foundation (EIN: 10557030)
Verdict: Lindsay Family Foundation shows mixed signals
55/100Mission Score
$350KRevenue
$113KAssets
3Red Flags
3Strengths
Red Flags
Consistent deficit spending over multiple years, with expenses frequently exceeding revenue (e.g., 2020 revenue $17,546 vs. expenses $146,741).
Significant decline in total assets from $561,232 in 2011 to $113,316 currently, indicating asset depletion.
Highly volatile revenue, including a negative revenue figure of $-12,066 in 2022, which raises questions about funding stability.
Strengths
No reported officer compensation across all filings, indicating efficient use of funds at the executive level.
Minimal liabilities reported across all filings, suggesting responsible debt management.
Consistent filing of IRS Form 990s, demonstrating transparency in financial reporting.
Spending Breakdown
How Lindsay Family Foundation allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Lindsay Family Foundation
Is Lindsay Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Lindsay Family Foundation (EIN: 10557030) shows mixed signals. Mission Score: 55/100. 3 red flags identified, 3 strengths noted.
Is Lindsay Family Foundation a good charity to donate to?
Lindsay Family Foundation has a Mission Score of 55/100. Revenue: $350K. Assets: $113K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Lindsay Family Foundation?
The Employer Identification Number (EIN) for Lindsay Family Foundation is 10557030. 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 Lindsay Family Foundation spend its money?
Lindsay Family Foundation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Lindsay Family Foundation's tax-exempt status?
You can verify Lindsay Family Foundation's tax-exempt status using EIN 10557030 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 Lindsay Family Foundation exhibits inconsistent financial performance over the past decade. While the latest reported revenue is $350,300, the filing history shows significant fluctuations, including a negative revenue of $-12,066 in 2022. The organization has consistently spent more than it has brought in for many years, leading to a substantial decline in assets from $561,232 in 2011 to $113,316 currently. This trend suggests a reliance on drawing down existing assets rather than sustainable operational funding. The foundation's liabilities have remained minimal, which is a positive indicator of fiscal responsibility in managing debt.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses in the provided data. However, the consistent deficit spending raises concerns about long-term sustainability. The absence of officer compensation reported across all filings suggests that executive costs are not a drain on resources, which is a strength. Transparency appears to be adequate given the availability of 990 filings, but a clearer picture of how expenses are allocated would enhance understanding of their operational efficiency.
Overall, the foundation appears to be in a period of significant asset depletion, with revenue not consistently covering expenses. While low liabilities and no reported officer compensation are positive, the long-term financial viability is questionable without a shift towards more consistent revenue generation or a reduction in expenses to match income.