Quick charity verification for Sprott Family Foundation (EIN: 161629054)
Verdict: Sprott Family Foundation shows mixed signals
60/100Mission Score
$1KRevenue
$19KAssets
3Red Flags
2Strengths
Red Flags
Consistent pattern of expenses exceeding revenue, particularly in 2023 where expenses were $22,781 against revenue of $1,229.
Significant decline in assets from $45,196 in 2022 to $19,298 currently, indicating a draw-down of principal.
Very low current revenue of $1,328, making it challenging to cover operational costs or make significant grants.
Strengths
Consistently reports 0% officer compensation, indicating efficient use of funds in terms of executive salaries.
Low liabilities, consistently reported as $0 or $1, suggesting good financial management of debt.
Spending Breakdown
How Sprott 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 Sprott Family Foundation
Is Sprott Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Sprott Family Foundation (EIN: 161629054) shows mixed signals. Mission Score: 60/100. 3 red flags identified, 2 strengths noted.
Is Sprott Family Foundation a good charity to donate to?
Sprott Family Foundation has a Mission Score of 60/100. Revenue: $1K. Assets: $19K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Sprott Family Foundation?
The Employer Identification Number (EIN) for Sprott Family Foundation is 161629054. 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 Sprott Family Foundation spend its money?
Sprott Family Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Sprott Family Foundation's tax-exempt status?
You can verify Sprott Family Foundation's tax-exempt status using EIN 161629054 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 Sprott Family Foundation appears to be a very small private foundation with limited financial activity. Its latest reported revenue is only $1,328, and total assets are $19,298. The organization consistently reports zero officer compensation, which is a positive indicator for a small foundation. However, the foundation has shown a pattern of expenses exceeding revenue in several recent periods, notably in 2023 where expenses were $22,781 against revenue of $1,229, leading to a significant decrease in assets. This trend suggests that the foundation may be drawing down its principal or operating at a deficit, which is not sustainable long-term without new significant contributions.
Given its small scale, the foundation's financial health is highly dependent on its asset base and any incoming contributions. The substantial drop in assets from $45,196 in 2022 to $23,644 in 2023, and further to $19,298 currently, is a concern. While the lack of officer compensation indicates good stewardship in that regard, the overall financial strategy, particularly the consistent spending exceeding revenue, needs closer examination to ensure the foundation's longevity and ability to fulfill its mission. The NTEE code L20 (Private Grantmaking Foundations) suggests its primary activity is making grants, but without detailed expense breakdowns, it's difficult to assess spending efficiency beyond the zero compensation.