Quick charity verification for Lowman Family Foundation Inc (EIN: 202006281)
Verdict: Lowman Family Foundation Inc appears trustworthy
85/100Mission Score
$557KRevenue
$2.7MAssets
1Red Flags
5Strengths
Red Flags
Lack of detailed expense breakdown on public filings to fully assess program vs. administrative spending.
Strengths
Consistent asset growth, reaching $2,647,532 in 2023.
Extremely low liabilities, consistently reported as $1.
0% reported officer compensation across all filings.
Long history of consistent IRS 990 filings (10 filings).
Expenses generally well-managed relative to revenue.
Spending Breakdown
How Lowman Family Foundation Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
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 Lowman Family Foundation Inc
Is Lowman Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lowman Family Foundation Inc (EIN: 202006281) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
Is Lowman Family Foundation Inc a good charity to donate to?
Lowman Family Foundation Inc has a Mission Score of 85/100. Revenue: $557K. Assets: $2.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Lowman Family Foundation Inc?
The Employer Identification Number (EIN) for Lowman Family Foundation Inc is 202006281. 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 Lowman Family Foundation Inc spend its money?
Lowman Family Foundation Inc allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Lowman Family Foundation Inc's tax-exempt status?
You can verify Lowman Family Foundation Inc's tax-exempt status using EIN 202006281 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 Lowman Family Foundation Inc. demonstrates consistent financial stability with assets steadily growing over the past decade, reaching $2,647,532 in 2023. The organization maintains minimal liabilities, consistently reported as $1, indicating a very healthy balance sheet and strong financial management. While revenue fluctuates year-to-year, such as a high of $602,574 in 2022 and a low of $133,308 in 2019, the foundation consistently manages its expenses well below its revenue in most periods, allowing for asset accumulation. For instance, in 2022, revenue was $602,574 against expenses of $196,987.
The foundation's spending efficiency appears strong, particularly given that officer compensation has been consistently reported as 0% across all available filings, suggesting that leadership is either volunteer-based or compensated through other means not categorized as officer compensation on the 990, which is a positive indicator for donor confidence. The NTEE code T20 (Private Grantmaking Foundations) suggests its primary activity is making grants, which typically aligns with high program spending. Without a detailed breakdown of expenses beyond total expenses, it's challenging to precisely determine the program spending ratio, but the overall financial health is robust.
Transparency is generally good, with 10 years of consistent 990 filings available. The consistent reporting of minimal liabilities and zero officer compensation contributes to a clear financial picture. However, without a more granular breakdown of expenses (e.g., program service expenses vs. administrative and fundraising expenses), a full assessment of spending efficiency and program focus is somewhat limited. The consistent growth in assets while keeping liabilities negligible points to prudent financial stewardship.