Quick charity verification for Petrucci Family Foundation Inc (EIN: 201601999)
Verdict: Petrucci Family Foundation Inc appears trustworthy
85/100Mission Score
$4.6MRevenue
$20.8MAssets
1Red Flags
4Strengths
Red Flags
Significant expense exceeding revenue in some periods (e.g., 2022 expenses of $1,193,250 vs. revenue of $315,878), which, while common for foundations drawing from endowments, could be a concern if not managed sustainably.
Strengths
Consistent asset growth, reaching $20,835,363.
Zero officer compensation reported across all filings, indicating high efficiency in resource allocation.
Long history of consistent IRS 990 filings, demonstrating transparency.
Strong program focus as a grant-making foundation.
Spending Breakdown
How Petrucci Family Foundation Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
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 Petrucci Family Foundation Inc
Is Petrucci Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Petrucci Family Foundation Inc (EIN: 201601999) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Petrucci Family Foundation Inc a good charity to donate to?
Petrucci Family Foundation Inc has a Mission Score of 85/100. Revenue: $4.6M. Assets: $20.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Petrucci Family Foundation Inc?
The Employer Identification Number (EIN) for Petrucci Family Foundation Inc is 201601999. 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 Petrucci Family Foundation Inc spend its money?
Petrucci Family Foundation Inc allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Petrucci Family Foundation Inc's tax-exempt status?
You can verify Petrucci Family Foundation Inc's tax-exempt status using EIN 201601999 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 Petrucci Family Foundation Inc. demonstrates a strong financial position with substantial assets, growing from $3,828,671 in 2011 to $20,835,363 currently. The organization primarily operates as a grant-making foundation, which is reflected in its spending patterns. While the latest revenue of $4,632,985 is healthy, the 2022 expenses of $1,193,250 significantly exceeded its revenue of $315,878 for that specific period, indicating reliance on prior year's accumulated funds or investment income. The foundation consistently reports zero officer compensation, which is a positive indicator of resource allocation directly to its mission rather than executive salaries. The foundation's transparency is good, with consistent 990 filings available over a long period, showing a clear financial history.