Is Simon Family Philanthropic Foundation Inc Legit?
Quick charity verification for Simon Family Philanthropic Foundation Inc (EIN: 203448167)
Verdict: Simon Family Philanthropic Foundation Inc appears trustworthy
70/100Mission Score
$152KRevenue
$144KAssets
3Red Flags
3Strengths
Red Flags
Highly volatile revenue streams, making financial planning difficult.
Frequent operating deficits, with expenses exceeding revenue in multiple years (e.g., 2023, 2022, 2015).
Unusually consistent $1 reported for liabilities across all filings, which might warrant further scrutiny.
Strengths
Consistent reporting of 0% officer compensation, indicating efficient use of funds for executive pay.
Minimal liabilities reported, suggesting good control over debt.
Consistent filing of IRS 990 forms, demonstrating transparency.
Spending Breakdown
How Simon Family Philanthropic Foundation Inc 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 Simon Family Philanthropic Foundation Inc
Is Simon Family Philanthropic Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Simon Family Philanthropic Foundation Inc (EIN: 203448167) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
Is Simon Family Philanthropic Foundation Inc a good charity to donate to?
Simon Family Philanthropic Foundation Inc has a Mission Score of 70/100. Revenue: $152K. Assets: $144K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Simon Family Philanthropic Foundation Inc?
The Employer Identification Number (EIN) for Simon Family Philanthropic Foundation Inc is 203448167. 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 Simon Family Philanthropic Foundation Inc spend its money?
Simon Family Philanthropic Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Simon Family Philanthropic Foundation Inc's tax-exempt status?
You can verify Simon Family Philanthropic Foundation Inc's tax-exempt status using EIN 203448167 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 Simon Family Philanthropic Foundation Inc. exhibits inconsistent financial performance over the past decade, with significant fluctuations in revenue and expenses. For instance, in 2023, the organization reported revenue of $152,303 against expenses of $183,257, indicating a deficit. This trend of expenses exceeding revenue is also evident in 2022 ($707 revenue vs. $131,043 expenses) and 2015 ($127,275 revenue vs. $189,473 expenses). While the organization consistently reports minimal liabilities ($1), suggesting good financial control in that area, the overall financial health appears volatile due to the unpredictable revenue streams and frequent operating deficits. The consistent reporting of 0% officer compensation across all filings suggests a commitment to minimizing administrative overhead related to executive pay, which is a positive indicator for donor confidence regarding how funds are utilized.
Given the NTEE code T20 (Philanthropy, Voluntarism, and Grantmaking Foundations), the primary function of this organization is likely grantmaking. Without detailed expense breakdowns from the 990 filings (e.g., program service expenses vs. administrative and fundraising), it's challenging to precisely assess spending efficiency. However, the absence of officer compensation is a strong point for efficiency. The foundation's transparency is generally good through its consistent 990 filings, which are publicly available. The consistent reporting of $1 in liabilities across all periods is unusual and might warrant further investigation to ensure complete financial disclosure, though it could also indicate a very lean operational structure with minimal debt.