Quick charity verification for Spencer Family Foundation (EIN: 203401912)
Verdict: Spencer Family Foundation shows mixed signals
55/100Mission Score
$3.0MRevenue
$3.5MAssets
3Red Flags
2Strengths
Red Flags
Consistently low revenue relative to expenses (e.g., 2023 revenue $1,444 vs. expenses $135,767).
Significant and continuous decline in total assets over the past decade (from $5.4M in 2011 to $0.65M in 2023).
Potential long-term sustainability concerns due to asset depletion.
Strengths
Zero officer compensation reported across all filings, indicating high efficiency in leadership costs.
Low liabilities reported in most periods, suggesting good financial management of debt.
Spending Breakdown
How Spencer Family Foundation allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
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 Spencer Family Foundation
Is Spencer Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Spencer Family Foundation (EIN: 203401912) shows mixed signals. Mission Score: 55/100. 3 red flags identified, 2 strengths noted.
Is Spencer Family Foundation a good charity to donate to?
Spencer Family Foundation has a Mission Score of 55/100. Revenue: $3.0M. Assets: $3.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Spencer Family Foundation?
The Employer Identification Number (EIN) for Spencer Family Foundation is 203401912. 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 Spencer Family Foundation spend its money?
Spencer Family Foundation allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Spencer Family Foundation's tax-exempt status?
You can verify Spencer Family Foundation's tax-exempt status using EIN 203401912 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 Spencer Family Foundation exhibits a concerning financial trend with consistently low revenue relative to expenses in most recent periods. For instance, in 2023, revenue was only $1,444 against expenses of $135,767, and in 2022, revenue was $8,095 against expenses of $342,944. This suggests a reliance on prior assets or other funding sources not reflected in annual revenue, which could be unsustainable long-term. The organization's assets have also shown a significant decline over the years, from $5,460,044 in 2011 to $651,079 in 2023, indicating substantial spending down of its endowment or principal. While officer compensation is consistently reported as 0%, which is positive for efficiency, the overall financial picture points to an organization that is spending down its capital without sufficient incoming revenue to sustain its asset base.