Is William And Kathryn Scripps Family Foundation Inc Legit?
Quick charity verification for William And Kathryn Scripps Family Foundation Inc (EIN: 200514611)
Verdict: William And Kathryn Scripps Family Foundation Inc shows mixed signals
60/100Mission Score
$5.7MRevenue
$2.6MAssets
3Red Flags
2Strengths
Red Flags
Consistent asset depletion: Assets decreased from $5,131,488 in 2019 to $1,373,150 in 2023, indicating spending beyond current income.
Frequent periods of expenses exceeding revenue: In multiple years (e.g., 2022, 2021, 2020, 2019), expenses significantly outpaced revenue, suggesting an unsustainable operational model without asset drawdowns.
Highly volatile revenue: Revenue figures show extreme swings, including negative revenue in 2019, which can make financial planning and stability challenging.
Strengths
Extremely low liabilities: Consistently reporting $1 in liabilities across all filings indicates a very strong balance sheet with minimal debt.
No reported officer compensation: The 0% officer compensation suggests that leadership is either volunteer-based or compensated through other means, potentially allowing more funds for mission-related activities.
Spending Breakdown
How William And Kathryn Scripps Family Foundation Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 William And Kathryn Scripps Family Foundation Inc
Is William And Kathryn Scripps Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, William And Kathryn Scripps Family Foundation Inc (EIN: 200514611) shows mixed signals. Mission Score: 60/100. 3 red flags identified, 2 strengths noted.
Is William And Kathryn Scripps Family Foundation Inc a good charity to donate to?
William And Kathryn Scripps Family Foundation Inc has a Mission Score of 60/100. Revenue: $5.7M. Assets: $2.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for William And Kathryn Scripps Family Foundation Inc?
The Employer Identification Number (EIN) for William And Kathryn Scripps Family Foundation Inc is 200514611. 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 William And Kathryn Scripps Family Foundation Inc spend its money?
William And Kathryn Scripps Family Foundation Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify William And Kathryn Scripps Family Foundation Inc's tax-exempt status?
You can verify William And Kathryn Scripps Family Foundation Inc's tax-exempt status using EIN 200514611 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 William And Kathryn Scripps Family Foundation Inc. exhibits a fluctuating financial performance over the past decade. While the latest reported revenue for 2023 was $1,074,837, the organization has experienced significant swings, including a negative revenue of $-80,770 in 2019 and a high of $5,700,879 in its latest overall revenue. Expenses have also varied considerably, often exceeding revenue in several periods, such as in 2022 ($1,960,563 expenses vs. $38,999 revenue) and 2021 ($2,016,337 expenses vs. $493,161 revenue). This pattern suggests an reliance on asset drawdowns or prior period gains to cover operational costs.
The foundation's assets have seen a substantial decrease from a high of $5,131,488 in 2019 to $1,373,150 in 2023, indicating a consistent spending down of its endowment or capital. The consistent reporting of $1 in liabilities across all filings suggests a very low debt burden, which is a positive indicator of financial stability in that regard. However, the lack of detailed expense breakdowns in the provided data makes it difficult to assess spending efficiency beyond the high-level revenue and expense figures. The absence of officer compensation reported across all filings suggests either a volunteer-led board or compensation is covered by other means not disclosed in this summary.
Transparency regarding specific program spending versus administrative or fundraising costs is not available from the provided data, making a detailed assessment of spending efficiency challenging. The consistent reporting of zero officer compensation is a positive transparency point regarding executive pay. However, without a breakdown of expenses, it's difficult to fully understand where the funds are being allocated and how effectively they are being used to achieve the organization's mission.