Quick charity verification for Masterson Family Foundation (EIN: 203424242)
Verdict: Masterson Family Foundation appears trustworthy
75/100Mission Score
$88KRevenue
$859KAssets
1Red Flags
3Strengths
Red Flags
Expenses frequently exceed revenue, as seen in 2024 ($52,041 expenses vs. $31,800 revenue) and 2022 ($51,937 expenses vs. $16,425 revenue), which could raise questions about long-term operational sustainability without further context on endowment draw.
Strengths
Consistent reporting of 0% officer compensation across all filings, indicating efficient use of funds and potentially volunteer leadership.
Very low liabilities, often reported as $1, demonstrating strong financial solvency and minimal debt.
Stable asset base, consistently above $700,000, providing a solid financial foundation for its grantmaking activities.
Spending Breakdown
How Masterson 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 Masterson Family Foundation
Is Masterson Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Masterson Family Foundation (EIN: 203424242) appears trustworthy. Mission Score: 75/100. 1 red flag identified, 3 strengths noted.
Is Masterson Family Foundation a good charity to donate to?
Masterson Family Foundation has a Mission Score of 75/100. Revenue: $88K. Assets: $859K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Masterson Family Foundation?
The Employer Identification Number (EIN) for Masterson Family Foundation is 203424242. 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 Masterson Family Foundation spend its money?
Masterson Family Foundation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Masterson Family Foundation's tax-exempt status?
You can verify Masterson Family Foundation's tax-exempt status using EIN 203424242 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 Masterson Family Foundation demonstrates consistent financial activity over its filing history, with assets generally fluctuating around the $700,000 to $900,000 range. Revenue has been highly variable, from a low of $1,569 in 2020 to a high of $248,351 in 2023. Expenses have been relatively stable, typically in the $50,000-$60,000 range, with an outlier of $10,469 in 2012. The foundation consistently reports zero officer compensation, which is a positive indicator for donor confidence and suggests that administrative costs are kept low, or that leadership is entirely volunteer-based. The foundation's liabilities have consistently been very low, often reported as $1, indicating strong financial solvency and minimal debt burden.
However, the foundation frequently reports expenses exceeding revenue, as seen in 2024 ($52,041 expenses vs. $31,800 revenue) and 2022 ($51,937 expenses vs. $16,425 revenue). While this is not uncommon for foundations that draw from endowments, it's important to understand the long-term sustainability of this model. The NTEE code T22 suggests it's a private grantmaking foundation, which typically means its primary activity is distributing grants rather than direct program services. The lack of detailed program spending breakdowns in the provided data makes it difficult to assess the efficiency of its grantmaking activities or the impact of its programs.
Overall, the Masterson Family Foundation appears to be a financially stable entity with a conservative approach to executive compensation and debt. Its transparency is good in terms of officer compensation and liabilities, but a deeper understanding of its program spending efficiency would require more detailed expense breakdowns than provided in this summary. The significant fluctuations in revenue suggest reliance on varied funding sources or investment returns.