Is Peterson Family Foundation Legit?

Quick charity verification for Peterson Family Foundation (EIN: 141983671)

Verdict: Peterson Family Foundation appears trustworthy

70/100Mission Score
$49KRevenue
$250Assets
3Red Flags
2Strengths

Red Flags

Strengths

AI Transparency Report

The Peterson Family Foundation exhibits fluctuating financial activity over its filing history. In 2022, the organization reported revenue of $49,350 against expenses of $69,577, indicating a deficit for the year. This follows a more robust 2021 where revenue of $137,094 exceeded expenses of $117,620. The foundation's assets have also seen significant changes, dropping from $340,671 in 2019 to $250 in 2022, while liabilities increased to $1,000 in 2022. The consistent reporting of 0% officer compensation across all available filings suggests a volunteer-driven leadership or that compensation falls below reporting thresholds, which can be a positive indicator for donor funds directly supporting programs. However, the recent decline in assets and operating at a deficit in the latest period warrant closer examination of its long-term financial sustainability.

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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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