Quick charity verification for Tsao Family Foundation (EIN: 202043022)
Verdict: Tsao Family Foundation appears trustworthy
85/100Mission Score
$50.7MRevenue
$122.9MAssets
1Red Flags
4Strengths
Red Flags
Expenses exceeded revenue in the latest filing period (202312), with $4,364,472 in expenses against $3,520,915 in revenue, though this can be typical for foundations drawing from endowments.
Strengths
Consistent reporting of 0% officer compensation across all filings, indicating high efficiency in this area.
Substantial asset growth from $5,392,610 in 2011 to $87,539,098 in 2023, demonstrating strong financial management.
Robust asset base of $122,862,380 (latest available total assets) provides long-term stability.
Consistent IRS 990 filing history, indicating good compliance and transparency.
Spending Breakdown
How Tsao Family Foundation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
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 Tsao Family Foundation
Is Tsao Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Tsao Family Foundation (EIN: 202043022) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Tsao Family Foundation a good charity to donate to?
Tsao Family Foundation has a Mission Score of 85/100. Revenue: $50.7M. Assets: $122.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Tsao Family Foundation?
The Employer Identification Number (EIN) for Tsao Family Foundation is 202043022. 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 Tsao Family Foundation spend its money?
Tsao Family Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Tsao Family Foundation's tax-exempt status?
You can verify Tsao Family Foundation's tax-exempt status using EIN 202043022 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 Tsao Family Foundation demonstrates strong financial health with substantial assets and a history of significant revenue. In the latest period (202312), the foundation reported assets of $87,539,098, indicating a robust financial base. While expenses ($4,364,472) exceeded revenue ($3,520,915) in 2023, this is not uncommon for foundations that distribute grants from their endowments. The foundation's assets have grown considerably over the past decade, from $5,392,610 in 2011 to over $87 million in 2023, showcasing effective asset management.
The organization's spending efficiency appears high, as evidenced by the consistent reporting of 0% officer compensation across all available filings. This suggests that administrative costs related to executive salaries are either non-existent or covered by other means, allowing a greater proportion of funds to be directed towards programmatic activities. Without a detailed breakdown of program, administrative, and fundraising expenses, a precise efficiency ratio is difficult to calculate, but the lack of officer compensation is a positive indicator.
In terms of transparency, the foundation has a consistent filing history with the IRS, providing public access to its financial data. The absence of reported officer compensation across all filings is a notable point for transparency, indicating that the organization is not allocating funds to executive salaries. Further transparency could be enhanced by providing more detailed breakdowns of expenses beyond what is typically required in a summary 990, particularly regarding the allocation between program, administrative, and fundraising costs.