0% officer compensation reported across all filings, demonstrating volunteer leadership.
Consistent IRS 990 filing history (10 filings), indicating good transparency.
Expenses are a relatively small portion of revenue, suggesting efficient operations or significant reinvestment.
Spending Breakdown
How Taxman Family Foundation allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
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 Taxman Family Foundation
Is Taxman Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Taxman Family Foundation (EIN: 204568076) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Taxman Family Foundation a good charity to donate to?
Taxman Family Foundation has a Mission Score of 90/100. Revenue: $5.8M. Assets: $12.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Taxman Family Foundation?
The Employer Identification Number (EIN) for Taxman Family Foundation is 204568076. 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 Taxman Family Foundation spend its money?
Taxman Family Foundation allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Taxman Family Foundation's tax-exempt status?
You can verify Taxman Family Foundation's tax-exempt status using EIN 204568076 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 Taxman Family Foundation demonstrates strong financial health with consistently growing assets, reaching $11,391,218 in 2023. The organization maintains a very low liability profile, reporting only $1 in liabilities across its recent filings, indicating excellent financial stability. Revenue has fluctuated but generally shows a positive trend over the past decade, with the latest reported revenue at $1,479,799 for 2023. The foundation's spending efficiency appears high, as expenses are consistently a small fraction of its revenue and asset base, suggesting a focus on endowment growth and strategic grantmaking rather than high operational costs.
The foundation's transparency is bolstered by its consistent filing of IRS Form 990s, with 10 filings available. A notable aspect is the consistent reporting of 0% officer compensation across all available filings, which is a strong indicator of volunteer leadership and a commitment to directing funds towards its mission. While specific program spending details are not provided in the summary data, the low overall expense ratio suggests that the majority of funds not retained are likely directed towards programmatic activities or grants, aligning with its nature as a family foundation. The absence of significant fundraising expenses also points to a model not reliant on public donations, which is typical for private foundations.