Quick charity verification for Severson Family Foundation (EIN: 206326223)
Verdict: Severson Family Foundation appears trustworthy
85/100Mission Score
$265KRevenue
$781KAssets
1Red Flags
4Strengths
Red Flags
Expenses have exceeded revenue in several recent periods (e.g., 2023, 2022, 2021, 2019), indicating reliance on asset drawdowns or prior year surpluses.
Strengths
Consistent 0% officer compensation, indicating high efficiency and dedication of resources to mission.
Minimal liabilities ($1 in recent years), demonstrating strong financial health and low debt.
Stable and healthy asset base, providing a solid foundation for future grantmaking.
Consistent IRS 990 filing history, indicating good transparency and compliance.
Spending Breakdown
How Severson Family Foundation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Severson Family Foundation
Is Severson Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Severson Family Foundation (EIN: 206326223) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Severson Family Foundation a good charity to donate to?
Severson Family Foundation has a Mission Score of 85/100. Revenue: $265K. Assets: $781K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Severson Family Foundation?
The Employer Identification Number (EIN) for Severson Family Foundation is 206326223. 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 Severson Family Foundation spend its money?
Severson Family Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Severson Family Foundation's tax-exempt status?
You can verify Severson Family Foundation's tax-exempt status using EIN 206326223 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 Severson Family Foundation demonstrates consistent financial activity, with revenues and expenses fluctuating over the past decade. In the latest filing (202312), the foundation reported revenues of $365,075 against expenses of $376,438, indicating a slight deficit for the period. Its asset base has remained relatively stable, standing at $780,979 in 2023, which is a healthy amount for an organization of its size. A notable strength is the consistent reporting of 0% officer compensation, suggesting that resources are not being diverted to executive salaries. The foundation's liabilities have consistently been minimal, often reported as $1, which is a strong indicator of financial stability and low debt burden.
While specific program spending details are not provided in the summary data, the absence of officer compensation implies a high potential for program efficiency. The foundation's consistent filing of IRS Form 990s over ten periods demonstrates a commitment to transparency. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a precise assessment of spending efficiency is challenging. The NTEE code T22 (Private Grantmaking Foundations) suggests its primary activity is making grants, which typically involves lower administrative overhead compared to direct service charities.
Overall, the Severson Family Foundation appears to be a financially stable entity with a strong commitment to avoiding executive compensation. Its consistent asset base and minimal liabilities are positive indicators. Further analysis would benefit from a detailed breakdown of expenses to fully understand its operational efficiency and program impact, but the available data suggests a well-managed organization focused on its philanthropic mission.