Quick charity verification for The Edward J Phillips Family Foundation (EIN: 202041201)
Verdict: The Edward J Phillips Family Foundation appears trustworthy
92/100Mission Score
$7.8MRevenue
$24.2MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent zero officer compensation, maximizing mission-related spending.
Stable and substantial asset base (over $24 million in 2023) ensuring long-term sustainability.
Minimal liabilities ($1 or $0 across all filings) indicating strong financial health and low risk.
Clear history of 10 IRS 990 filings, demonstrating transparency and compliance.
Likely high program spending ratio due to the nature of a grantmaking private foundation.
Spending Breakdown
How The Edward J Phillips 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 The Edward J Phillips Family Foundation
Is The Edward J Phillips Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Edward J Phillips Family Foundation (EIN: 202041201) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is The Edward J Phillips Family Foundation a good charity to donate to?
The Edward J Phillips Family Foundation has a Mission Score of 92/100. Revenue: $7.8M. Assets: $24.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Edward J Phillips Family Foundation?
The Employer Identification Number (EIN) for The Edward J Phillips Family Foundation is 202041201. 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 The Edward J Phillips Family Foundation spend its money?
The Edward J Phillips Family Foundation allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Edward J Phillips Family Foundation's tax-exempt status?
You can verify The Edward J Phillips Family Foundation's tax-exempt status using EIN 202041201 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 Edward J Phillips Family Foundation appears to be a well-managed private foundation with a consistent asset base and a clear focus on its program services. Over the past decade, the foundation has maintained assets generally above $20 million, peaking at $26 million in 2011 and currently standing at $24,316,986 as of 2023. Its revenue streams have fluctuated, with a notable high of $11,220,420 in 2011, but generally range between $800,000 and $2.5 million annually. The foundation consistently reports zero officer compensation, indicating a volunteer or unpaid leadership structure, which is a strong positive for efficiency and donor trust.
Spending efficiency is high, as the foundation primarily engages in grantmaking, which inherently minimizes administrative overhead. For instance, in 2023, with expenses of $1,282,812, the vast majority would typically be direct grants. The consistent reporting of minimal liabilities (often $1 or $0) across all filings further underscores sound financial management and low financial risk. The foundation's transparency is excellent, with 10 years of readily available 990 filings showing consistent reporting practices and no apparent red flags regarding financial disclosures.