Quick charity verification for Second Family Foundation Inc (EIN: 205885567)
Verdict: Second Family Foundation Inc appears trustworthy
75/100Mission Score
$1.7MRevenue
$12.9MAssets
2Red Flags
4Strengths
Red Flags
Consistent deficit spending in recent years (e.g., 202312 expenses $355,300 vs. revenue $292,871)
Significant fluctuation in annual revenue, making future income less predictable.
Strengths
Substantial and growing asset base ($12,881,979 currently)
Very low liabilities relative to assets (e.g., $41,505 in 202312)
No reported officer compensation, indicating efficient leadership cost management or volunteer leadership.
Long history of IRS 990 filings (10 filings), demonstrating transparency.
Spending Breakdown
How Second Family Foundation Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Second Family Foundation Inc
Is Second Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Second Family Foundation Inc (EIN: 205885567) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Second Family Foundation Inc a good charity to donate to?
Second Family Foundation Inc has a Mission Score of 75/100. Revenue: $1.7M. Assets: $12.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Second Family Foundation Inc?
The Employer Identification Number (EIN) for Second Family Foundation Inc is 205885567. 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 Second Family Foundation Inc spend its money?
Second Family Foundation Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Second Family Foundation Inc's tax-exempt status?
You can verify Second Family Foundation Inc's tax-exempt status using EIN 205885567 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
Second Family Foundation Inc. demonstrates a consistent financial position with substantial assets, currently at $12,881,979, significantly exceeding its liabilities. However, the organization has experienced a trend of expenses exceeding revenue in recent years, as seen in the 202312 period where expenses were $355,300 against revenues of $292,871, and similarly in 202212 and 202112. This pattern, while not immediately critical given its large asset base, suggests a reliance on past reserves or investment income to cover operational costs rather than current fundraising.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses from the provided data. However, the consistent lack of reported officer compensation across all filings indicates a potential for high efficiency in leadership costs, or that leadership is entirely volunteer-based. The organization's NTEE code O50 (Private Grantmaking Foundations) suggests its primary activity is making grants, which typically involves lower direct program delivery costs but requires strong governance and grant management.
Transparency appears to be good, with 10 years of IRS 990 filings available. The consistent reporting of zero officer compensation is a notable point for transparency, indicating either a fully volunteer board or that compensation is handled through other means not reported in this specific line item. Further detail on how expenses are categorized would enhance the understanding of its operational efficiency and program impact.