Minimal liabilities ($1 in recent years) indicating strong financial management.
Significant revenue spike in 2022 ($7,465,941) demonstrates capacity for substantial financial inflows.
Spending Breakdown
How Sykes 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 Sykes Family Foundation
Is Sykes Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Sykes Family Foundation (EIN: 133748075) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Sykes Family Foundation a good charity to donate to?
Sykes Family Foundation has a Mission Score of 85/100. Revenue: $5.8M. Assets: $17.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Sykes Family Foundation?
The Employer Identification Number (EIN) for Sykes Family Foundation is 133748075. 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 Sykes Family Foundation spend its money?
Sykes Family Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Sykes Family Foundation's tax-exempt status?
You can verify Sykes Family Foundation's tax-exempt status using EIN 133748075 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 Sykes Family Foundation demonstrates consistent financial stability with substantial assets, currently at $17,376,902. However, recent years show a trend where expenses have exceeded revenue. For instance, in fiscal year 2024, expenses were $3,273,099 against revenues of $1,615,351, and similarly in 2023, expenses were $3,242,279 compared to $1,815,982 in revenue. This pattern suggests the foundation is drawing down on its accumulated assets or relying on prior years' surpluses to fund its operations. The foundation consistently reports zero officer compensation, which is a strong indicator of volunteer leadership and efficient use of funds for its stated mission, enhancing its transparency and public trust.
The organization's NTEE code T20Z indicates it is a private grantmaking foundation. As such, its primary 'program' activity is making grants. The lack of officer compensation and minimal liabilities ($1 in recent years) point to a lean operational structure. While the expense-to-revenue ratio has been high in the last two periods, the foundation's significant asset base provides a buffer. The substantial revenue spike in 2022 ($7,465,941) likely contributed to its ability to sustain higher expenses in subsequent years. Overall, the foundation appears financially sound, though the recent negative operating margins warrant monitoring.