Quick charity verification for Prince Family Foundation (EIN: 134088759)
Verdict: Prince Family Foundation appears trustworthy
85/100Mission Score
$826KRevenue
$8.3MAssets
2Red Flags
4Strengths
Red Flags
Lack of detailed expense breakdown (program, admin, fundraising) in summary data, making it hard to assess true efficiency.
Consistent 0% officer compensation for an organization with over $8 million in assets is unusual and could mask administrative costs if paid through other means.
Strengths
Consistent asset growth, from $4.2M in 2011 to $8.3M currently, indicating strong financial management.
Minimal liabilities (often $1) across all filings, demonstrating excellent financial stability.
Consistently low expenses relative to revenue, allowing for significant asset accumulation.
0% reported officer compensation, suggesting a highly lean or volunteer-driven administrative structure.
Spending Breakdown
How Prince Family Foundation allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Prince Family Foundation
Is Prince Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Prince Family Foundation (EIN: 134088759) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Prince Family Foundation a good charity to donate to?
Prince Family Foundation has a Mission Score of 85/100. Revenue: $826K. Assets: $8.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Prince Family Foundation?
The Employer Identification Number (EIN) for Prince Family Foundation is 134088759. 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 Prince Family Foundation spend its money?
Prince Family Foundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Prince Family Foundation's tax-exempt status?
You can verify Prince Family Foundation's tax-exempt status using EIN 134088759 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 Prince Family Foundation demonstrates strong financial health, consistently growing its assets from $4.2 million in 2011 to over $8.3 million currently. The organization's revenue has fluctuated significantly year-to-year, ranging from $14,361 in 2011 to $996,131 in 2019, indicating reliance on variable funding sources. However, expenses have generally been well below revenue in recent years, particularly in 2023 where expenses were $185,988 against $871,089 in revenue, allowing for asset growth. The foundation's liabilities have remained minimal, often just $1, which is a positive indicator of financial stability and low debt burden. The consistent reporting of 0% officer compensation across all filings suggests a volunteer-led or very lean administrative structure, which can be a sign of efficiency, though it also means less detail on how administrative functions are covered.
Regarding spending efficiency, the foundation's expenses are relatively low compared to its revenue and assets. For instance, in 2023, expenses were only about 21% of revenue. While this contributes to asset growth, without a detailed breakdown of program vs. administrative vs. fundraising expenses, it's challenging to fully assess spending efficiency. The NTEE code T22 (Private Grantmaking Foundations) suggests its primary activity is making grants, so low expenses might indicate efficient grant distribution rather than direct program delivery. The absence of officer compensation is a strong point for efficiency.
Transparency appears adequate based on the provided data, with consistent annual filings. However, the lack of detailed expense categories (program, admin, fundraising) in the summary data limits a deeper analysis of how funds are allocated. The consistent reporting of minimal liabilities and zero officer compensation are transparent disclosures. To further enhance transparency, a more granular breakdown of expenses would be beneficial for stakeholders to understand the operational costs versus direct charitable distributions.