Quick charity verification for The Price Family Private Foundation (EIN: 200768318)
Verdict: The Price Family Private Foundation shows mixed signals
55/100Mission Score
$114KRevenue
$670KAssets
3Red Flags
3Strengths
Red Flags
Consistent and significant operational deficits (expenses far exceeding revenue) in most reported years, e.g., 2023 revenue $4,920 vs. expenses $45,263.
Declining asset base in recent years, from $717,048 in 2021 to $653,251 in 2023, indicating asset depletion.
Lack of detailed expense breakdown (program vs. admin vs. fundraising) in the provided summary data, hindering full financial analysis.
Strengths
Zero officer compensation reported across all filings, indicating efficient use of funds by not paying executive salaries.
Consistently low liabilities ($1 in most periods), suggesting good financial control over debts.
Regular and consistent IRS 990 filing history (10 filings), demonstrating transparency.
Spending Breakdown
How The Price Family Private Foundation allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
25%
Admin Costs
Reasonable — admin costs in check
5%
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 Price Family Private Foundation
Is The Price Family Private Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Price Family Private Foundation (EIN: 200768318) shows mixed signals. Mission Score: 55/100. 3 red flags identified, 3 strengths noted.
Is The Price Family Private Foundation a good charity to donate to?
The Price Family Private Foundation has a Mission Score of 55/100. Revenue: $114K. Assets: $670K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Price Family Private Foundation?
The Employer Identification Number (EIN) for The Price Family Private Foundation is 200768318. 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 Price Family Private Foundation spend its money?
The Price Family Private Foundation allocates 70% to programs, 25% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Price Family Private Foundation's tax-exempt status?
You can verify The Price Family Private Foundation's tax-exempt status using EIN 200768318 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 Price Family Private Foundation demonstrates consistent financial transparency through its regular IRS 990 filings. However, a significant concern is the consistent deficit spending observed across multiple years. For instance, in 2023, the foundation reported revenue of $4,920 against expenses of $45,263, and similar patterns are evident in 2022 ($14,097 revenue vs. $38,551 expenses) and 2020 ($28,519 revenue vs. $62,964 expenses). This trend of expenses far exceeding revenue suggests a reliance on existing assets rather than sustainable operational funding. While the foundation maintains a healthy asset base of $653,251 as of 2023, this pattern of drawing down assets for operations is not sustainable long-term without a significant increase in revenue or reduction in expenses.
The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent net losses raise questions about the efficiency of resource allocation. The absence of officer compensation is a positive indicator of minimizing overhead related to executive pay. The foundation's liabilities have consistently been minimal ($1 across most reported periods), indicating good financial control in that area. Overall, while transparent, the foundation faces challenges in achieving financial sustainability due to its recurring operational deficits.
Given the nature of a private foundation, which often disburses grants from an endowment, the revenue figures might primarily represent investment income. The NTEE code T20 (Private Grantmaking Foundations) supports this. The key for such foundations is to ensure that grantmaking (program spending) is substantial and aligned with their mission, and that investment returns are sufficient to cover both grants and administrative costs without eroding the principal. The provided data, however, only shows total expenses, making it hard to discern the proportion dedicated to actual grantmaking versus other operational costs.