Is The Spivey Family Foundation Inc Legit?…

Quick charity verification for The Spivey Family Foundation Inc (EIN: 201296242)

Strengths

Zero officer compensation across all filings, maximizing funds for mission.
Consistent asset growth from $500,105 in 2011 to $831,810 currently.
Minimal liabilities ($1 reported consistently), indicating strong financial health.
Expenses consistently below revenue in most periods, allowing for asset accumulation.
Consistent IRS 990 filing history over ten periods, demonstrating transparency.

Spending Breakdown

How The Spivey Family Foundation Inc allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Spivey Family Foundation Inc

Is The Spivey Family Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, The Spivey Family Foundation Inc (EIN: 201296242) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.

Is The Spivey Family Foundation Inc a good charity to donate to?

The Spivey Family Foundation Inc has a Mission Score of 95/100. Revenue: $209K. Assets: $832K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for The Spivey Family Foundation Inc?

The Employer Identification Number (EIN) for The Spivey Family Foundation Inc is 201296242. 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 Spivey Family Foundation Inc spend its money?

The Spivey Family Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify The Spivey Family Foundation Inc's tax-exempt status?

You can verify The Spivey Family Foundation Inc's tax-exempt status using EIN 201296242 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 Spivey Family Foundation Inc demonstrates consistent financial health as a private foundation, with its assets growing steadily from $500,105 in 2011 to $831,810 currently. The organization consistently maintains minimal liabilities, reported as $1 across all filings, indicating a very strong balance sheet and low financial risk. Revenue and expenses fluctuate year-to-year, which is common for foundations, but expenses generally remain well below revenue, allowing for asset growth. For example, in 2023, revenue was $57,535 against expenses of $49,052.

Spending efficiency appears high, particularly given that officer compensation is consistently reported as 0% across all available filings. This suggests that the foundation operates with a volunteer or unpaid leadership, which maximizes the proportion of funds available for its charitable purpose. While specific program spending details are not provided in the summary data, the absence of executive compensation is a strong indicator of efficient use of funds. The foundation's NTEE code T20 (Private Grantmaking Foundations) implies its primary activity is making grants, which aligns with a lean operational structure.

Transparency is generally good, with a consistent filing history over ten periods. The consistent reporting of $1 in liabilities across all years, while potentially a placeholder, does not detract from the overall picture of financial stability. The lack of officer compensation is a significant positive transparency indicator, showing that the foundation's resources are not being diverted to high administrative salaries. Overall, the foundation appears to be a well-managed entity focused on its mission.

Is The Spivey Family Foundation Inc Legit?

Verdict: The Spivey Family Foundation Inc appears trustworthy