Quick charity verification for Spector Family Foundation (EIN: 202059717)
Verdict: Spector Family Foundation appears trustworthy
85/100Mission Score
$312KRevenue
$973KAssets
1Red Flags
5Strengths
Red Flags
Highly volatile annual revenue, making long-term financial planning potentially challenging.
Strengths
Consistent asset growth over the past decade, indicating strong financial management.
Extremely low liabilities, often reported as $1, signifying excellent financial stability.
0% officer compensation reported across all filings, demonstrating exceptional spending efficiency and dedication of resources to mission.
Consistent filing of IRS Form 990s, indicating good transparency and compliance.
Expenses generally well-controlled relative to revenue and assets.
Spending Breakdown
How Spector 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 Spector Family Foundation
Is Spector Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Spector Family Foundation (EIN: 202059717) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
Is Spector Family Foundation a good charity to donate to?
Spector Family Foundation has a Mission Score of 85/100. Revenue: $312K. Assets: $973K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Spector Family Foundation?
The Employer Identification Number (EIN) for Spector Family Foundation is 202059717. 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 Spector Family Foundation spend its money?
Spector Family Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Spector Family Foundation's tax-exempt status?
You can verify Spector Family Foundation's tax-exempt status using EIN 202059717 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 Spector Family Foundation demonstrates a generally healthy financial position with consistent asset growth over the past decade, reaching $973,399 in the latest period. Revenue has fluctuated significantly, from a high of $864,390 in 2022 to a low of $9,445 in 2019, indicating reliance on variable funding sources. However, expenses have remained relatively low and stable in most recent years, particularly from 2020-2022, suggesting efficient operations relative to their revenue. The foundation's liabilities are consistently minimal, often reported as $1, which is a strong indicator of financial stability and low debt burden.
The organization's spending efficiency appears high, especially given the zero officer compensation reported across all available filings. This suggests that administrative costs related to executive salaries are non-existent, allowing more funds to be directed towards their mission. While specific program spending details are not provided in the summary data, the low overall expenses relative to assets and revenue (e.g., $133,119 expenses on $192,179 revenue in 2023) imply a lean operational model. The consistent filing of IRS Form 990s over ten periods indicates a commitment to regulatory compliance and transparency.
Overall, the Spector Family Foundation appears to be a financially stable organization with a strong balance sheet and a history of minimal liabilities. The absence of officer compensation is a notable positive for spending efficiency. However, the wide swings in annual revenue suggest potential challenges in consistent funding, which could impact long-term program planning if not managed effectively. Their consistent asset growth, despite revenue volatility, points to sound financial management.