Quick charity verification for Taylor Family Foundation Inc (EIN: 201952426)
Verdict: Taylor Family Foundation Inc appears trustworthy
70/100Mission Score
$76KRevenue
$649KAssets
2Red Flags
3Strengths
Red Flags
Significant and consistent decline in total assets over the past decade, from $2,235,764 in 2011 to $648,951 in 2020.
Expenses frequently exceeding revenue in multiple periods (e.g., 2014, 2015, 2019), which is unsustainable long-term without a large endowment spend-down plan.
Strengths
Consistently reports 0% officer compensation, indicating very low or no executive salary overhead.
Extremely low liabilities ($1 across all filings), demonstrating strong financial solvency and no debt.
Consistent filing of IRS Form 990s, providing a transparent financial history over multiple years.
Spending Breakdown
How Taylor Family Foundation Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
15%
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 Taylor Family Foundation Inc
Is Taylor Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Taylor Family Foundation Inc (EIN: 201952426) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
Is Taylor Family Foundation Inc a good charity to donate to?
Taylor Family Foundation Inc has a Mission Score of 70/100. Revenue: $76K. Assets: $649K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Taylor Family Foundation Inc?
The Employer Identification Number (EIN) for Taylor Family Foundation Inc is 201952426. 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 Taylor Family Foundation Inc spend its money?
Taylor Family Foundation Inc allocates 85% to programs, 15% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Taylor Family Foundation Inc's tax-exempt status?
You can verify Taylor Family Foundation Inc's tax-exempt status using EIN 201952426 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 Taylor Family Foundation Inc. appears to be a private foundation, as indicated by its NTEE code T20 (Private Grantmaking Foundations) and its consistent pattern of low revenue relative to its asset base. The organization has experienced a significant decline in assets over the past decade, from $2,235,764 in 2011 to $648,951 in 2020. This trend suggests that the foundation has been spending down its principal, with expenses frequently exceeding revenue in most reported periods, such as $254,843 in expenses against $109,433 in revenue in 2014. The latest filing shows revenue of $75,643, which is a positive increase from previous years like $32,994 in 2020, but still modest.
Spending efficiency is difficult to fully assess without a detailed functional expense breakdown, which is not provided in the summary data. However, the consistent reporting of 0% officer compensation across all filings is a positive indicator of low administrative overhead related to executive salaries. The foundation's liabilities have consistently been reported as $1, suggesting a very healthy balance sheet with virtually no debt. The significant reduction in assets over time, while potentially part of a planned spend-down strategy, warrants further investigation into the nature of its grantmaking and operational costs.
Transparency is generally good given the availability of multiple years of 990 data. The consistent reporting of key financial metrics allows for a historical analysis of its financial trajectory. The lack of officer compensation is a strong point for transparency regarding executive pay. However, without more granular expense data, it's challenging to determine the exact proportion of funds directly supporting programmatic activities versus other operational costs.