Is Newsome Family Foundation Legit? —…

Red Flags

Consistent expenses exceeding revenue in recent years (e.g., 2023 and 2022), indicating reliance on reserves.
Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes efficiency assessment difficult.
Zero reported officer compensation for an organization with over $1 million in latest revenue and growing assets is unusual and warrants further investigation into how leadership is supported.

Strengths

Very low liabilities ($1 consistently reported) indicating strong financial health and minimal debt.
Significant growth in assets over the decade, from $125,868 in 2011 to $190,074 in 2023, with a peak of $505,423 in 2021.
Consistent filing of IRS Form 990s, demonstrating transparency in financial reporting.
Zero reported officer compensation, which could imply a high dedication of funds to the mission or volunteer leadership.

Spending Breakdown

How Newsome 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

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 Newsome Family Foundation

Is Newsome Family Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Newsome Family Foundation (EIN: 200482177) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 4 strengths noted.

Is Newsome Family Foundation a good charity to donate to?

Newsome Family Foundation has a Mission Score of 70/100. Revenue: $1.1M. Assets: $653K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Newsome Family Foundation?

The Employer Identification Number (EIN) for Newsome Family Foundation is 200482177. 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 Newsome Family Foundation spend its money?

Newsome Family Foundation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Newsome Family Foundation's tax-exempt status?

You can verify Newsome Family Foundation's tax-exempt status using EIN 200482177 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 Newsome Family Foundation exhibits a fluctuating financial profile, with recent years showing expenses exceeding revenue. For instance, in 2023, expenses were $49,303 against revenues of $35,830, and in 2022, expenses were $77,198 against revenues of $24,094. This trend suggests a reliance on prior year assets or other funding sources to cover operational costs. The organization's assets have grown significantly over time, from $125,868 in 2011 to $190,074 in 2023, with a notable peak of $505,423 in 2021, indicating periods of substantial financial inflows, such as the $423,369 revenue in 2021. The consistent reporting of $1 in liabilities across all filings suggests a very low debt burden, which is a positive indicator of financial stability.

Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent zero officer compensation across all reported periods suggests that leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which can be a positive for donor confidence regarding overhead. The foundation's NTEE code T22 (Private Grantmaking Foundations) implies its primary activity is making grants, which typically means a significant portion of its expenses should be program-related grants. Without this breakdown, it's challenging to determine if the expenses are efficiently directed towards its mission.

Transparency appears adequate based on the consistent filing of IRS Form 990s over a decade. The detailed financial figures provided in the filing history allow for an overview of revenue, expenses, and assets. However, the lack of detailed expense categorization (program vs. admin vs. fundraising) within the provided data limits a deeper analysis of how efficiently funds are being utilized towards its stated mission. The low liabilities are a strong point for financial health.

Is Newsome Family Foundation Legit?

Verdict: Newsome Family Foundation appears trustworthy