Is Osborne Family Foundation Legit?

Quick charity verification for Osborne Family Foundation (EIN: 204053580)

Verdict: Osborne Family Foundation appears trustworthy

75/100Mission Score
$764KRevenue
$2.4MAssets
2Red Flags
3Strengths

Red Flags

Strengths

AI Transparency Report

The Osborne Family Foundation, operating as a private foundation, demonstrates consistent financial stability with assets generally above $2 million, reaching $2,417,849 in the latest period. However, its financial performance shows significant year-to-year volatility in revenue, ranging from a low of $13,072 in 2013 to a high of $416,632 in 2021. In the most recent filing (202312), the foundation reported expenses of $169,578 against revenue of only $48,240, indicating a deficit spending pattern in that year. This pattern of expenses often exceeding revenue is observed in several periods, suggesting reliance on its asset base for operations. The foundation consistently reports zero officer compensation, which is a positive indicator for resource allocation directly to its mission or grants, rather than executive salaries. Given its nature as a private foundation, its primary function is often grant-making, and the lack of detailed program spending breakdowns in the provided data makes a precise assessment of spending efficiency challenging without further information on its grant distributions. Its transparency is good through consistent 990 filings.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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