Quick charity verification for Whitman Family Foundation (EIN: 205666003)
Verdict: Whitman Family Foundation appears trustworthy
85/100Mission Score
$432KRevenue
$5.1MAssets
2Red Flags
4Strengths
Red Flags
Consistent negative net income in recent years (e.g., 202212 revenue $-203 vs. expenses $189,892)
Reliance on asset depletion to cover expenses without sufficient annual revenue generation
Strengths
Zero officer compensation reported across all filings, indicating high efficiency and dedication to mission
Very low liabilities ($1 reported consistently), demonstrating strong financial solvency
Substantial asset base ($5,559,654 in 202212) provides financial stability despite revenue shortfalls
Clear focus on grantmaking as a private foundation
Spending Breakdown
How Whitman 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 Whitman Family Foundation
Is Whitman Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Whitman Family Foundation (EIN: 205666003) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Whitman Family Foundation a good charity to donate to?
Whitman Family Foundation has a Mission Score of 85/100. Revenue: $432K. Assets: $5.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Whitman Family Foundation?
The Employer Identification Number (EIN) for Whitman Family Foundation is 205666003. 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 Whitman Family Foundation spend its money?
Whitman Family Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Whitman Family Foundation's tax-exempt status?
You can verify Whitman Family Foundation's tax-exempt status using EIN 205666003 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 Whitman Family Foundation, operating out of Metairie, LA, exhibits a consistent pattern of spending exceeding its revenue in most recent years, as evidenced by the 202212 filing showing revenue of $-203 against expenses of $189,892, and the 202112 filing with revenue of $119,659 versus expenses of $499,597. This trend suggests the foundation is primarily drawing from its substantial asset base, which stood at $5,559,654 in 202212, rather than generating sufficient annual income to cover its operational costs. While this is not uncommon for foundations, sustained negative net income could impact long-term sustainability if not managed strategically.
The organization maintains a very low liability profile, consistently reporting $1 in liabilities across multiple recent filings, indicating strong financial solvency and minimal debt burden. A notable strength is the complete absence of officer compensation reported across all available filings, which speaks to a high degree of financial efficiency and a commitment to directing funds towards the foundation's mission rather than executive salaries. This practice significantly enhances the organization's transparency and public trust.
Given the NTEE code T20 (Private Grantmaking Foundations), the primary 'program' activity is grantmaking. Without detailed expense breakdowns beyond total expenses, it's challenging to precisely determine the efficiency of grant distribution versus administrative overhead. However, the lack of officer compensation is a strong positive indicator of efficient resource allocation at the top level.