Significant decline in assets from peak ($17,138 in 2019 to $5,136 currently).
Strengths
Consistent reporting of $0 officer compensation across all filings.
Very low liabilities ($1 or $0) indicating no significant debt burden.
Long filing history (10 filings) suggests ongoing compliance.
Spending Breakdown
How Nichelson Family Foundation allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 Nichelson Family Foundation
Is Nichelson Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Nichelson Family Foundation (EIN: 205338382) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
Is Nichelson Family Foundation a good charity to donate to?
Nichelson Family Foundation has a Mission Score of 75/100. Revenue: $96. Assets: $5K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Nichelson Family Foundation?
The Employer Identification Number (EIN) for Nichelson Family Foundation is 205338382. 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 Nichelson Family Foundation spend its money?
Nichelson Family Foundation allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Nichelson Family Foundation's tax-exempt status?
You can verify Nichelson Family Foundation's tax-exempt status using EIN 205338382 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 Nichelson Family Foundation appears to be a very small private foundation with limited financial activity. Its revenue has been highly inconsistent, ranging from $10 in 2021 to $8,028 in 2015, and its latest reported revenue is only $96. Expenses have frequently exceeded revenue, such as in 2023 where expenses were $1,650 against $336 in revenue, indicating a reliance on prior assets or a pattern of deficit spending. The organization consistently reports minimal liabilities ($1 or $0), suggesting a low debt burden.
Given its small scale and the nature of a family foundation (NTEE Code T22 - Private Grantmaking Foundations), detailed spending breakdowns are often not as granular as for public charities. However, the consistent reporting of $0 officer compensation across all filings indicates good stewardship regarding executive pay. The foundation's assets have fluctuated, peaking at $17,138 in 2019 and currently standing at $5,136, which is a significant decline from its peak. The overall financial health is stable in terms of debt, but its operational sustainability relies heavily on its asset base given the low and volatile revenue.