Ausman Family Foundation Inc
Ausman Family Foundation faces significant financial decline with consistent deficit spending and dwindling assets.
EIN: 166093020 · Las Vegas, NV · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $129K |
| Total Expenses | $189K |
| Program Spending | 80% |
| Net Assets | $142K |
| Transparency Score | 45/100 |
Is Ausman Family Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ausman Family Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ausman Family Foundation Inc
Ausman Family Foundation Inc (EIN: 166093020) is a nonprofit organization based in Las Vegas, NV. The organization reported total revenue of $129K and total assets of $38K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ausman Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ausman Family Foundation Inc is a small nonprofit that has been operating for 58 years, with 9 years of IRS 990 filings on record (2011–2022).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -115.6% | +5.5% | -59.2% |
| 2021 | +53.4% | -13.3% | -17.6% |
| 2019 | -128.7% | -82.8% | -29.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1280 |
| IRS Ruling Date | 1968 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ausman Family Foundation Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Ausman Family Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are not receiving salaries from the organization, which is a positive for resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Ausman Family Foundation Inc's IRS 990 filings:
- Consistent negative revenue in multiple years (e.g., $-16,444 in 2022, $-1,806 in 2019, $-957,664 in 2014, $-14,047 in 2011).
- Expenses frequently exceed revenue, leading to significant net losses (e.g., 2022 expenses $189,287 vs. revenue $-16,444).
- Dramatic decline in assets from $2,750,439 in 2012 to $38,436 currently, indicating significant depletion of reserves.
- Latest reported assets ($38,436) are insufficient to cover even a fraction of recent annual expenses ($189,287 in 2022).
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data hinders full spending efficiency analysis.
Strengths
The following positive indicators were identified for Ausman Family Foundation Inc:
- Zero officer compensation reported across all filings, indicating no salaries paid to executives.
- Generally low liabilities reported in recent years, suggesting good debt management.
Frequently Asked Questions about Ausman Family Foundation Inc
Is Ausman Family Foundation Inc a legitimate charity?
Ausman Family Foundation Inc (EIN: 166093020) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 45/100. It has 9 years of IRS 990 filings on record. Total revenue: $129K. 5 red flags identified. 2 strengths noted. Financial health grade: B.
How does Ausman Family Foundation Inc spend its money?
Ausman Family Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Ausman Family Foundation Inc tax-deductible?
Ausman Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 166093020). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Ausman Family Foundation Inc's spending goes to programs?
Ausman Family Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Ausman Family Foundation Inc located?
Ausman Family Foundation Inc is headquartered in Las Vegas, Nevada and files with the IRS under EIN 166093020.
How many years of IRS 990 filings does Ausman Family Foundation Inc have?
Ausman Family Foundation Inc has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $129K in total revenue.
What is the primary cause of the consistent negative revenue reported in multiple years?
The provided data does not specify the exact reasons for negative revenue, but it could be due to investment losses, significant returns of contributions, or other non-operating losses exceeding gains.
How does the organization plan to address its declining asset base and consistent deficit spending?
The provided IRS 990 summary data does not include strategic plans or explanations for financial trends. This would require reviewing the full 990 forms or direct communication with the organization.
What are the specific program activities funded by the Ausman Family Foundation?
The NTEE code is unknown, and the summary data does not detail specific program activities. A review of the full IRS 990 forms would be necessary to understand their programmatic focus.
Given the current assets of $38,436 and recent expenses of $189,287 (2022), how long can the foundation sustain its operations?
With current assets significantly lower than annual expenses, the foundation's financial sustainability is highly questionable without a substantial and consistent increase in revenue or a drastic reduction in expenses.
Filing History
IRS 990 filing history for Ausman Family Foundation Inc showing financial trends over 9 years of public records:
Total assets decreased by 77.5% over the same period, from $628K to $142K. Total functional expenses rose by 473.4%, from $33K to $189K. The organization holds $1 in liabilities against $142K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $142K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $-16,444 | $189K | $142K | $1 | — | — |
| 2021 | $105K | $179K | $347K | $1 | — | — |
| 2020 | $69K | $207K | $421K | $1 | — | View 990 |
| 2019 | $-1,806 | $46K | $560K | $1 | — | View 990 |
| 2015 | $6K | $265K | $797K | $0 | — | View 990 |
| 2014 | $-957,664 | $305K | $1.1M | $21K | — | View 990 |
| 2013 | $16K | $391K | $2.7M | $342K | — | View 990 |
| 2012 | $2.7M | $683K | $2.8M | $57K | — | View 990 |
| 2011 | $-14,047 | $33K | $628K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $-16,444, expenses of $189K, and assets of $142K (revenue -115.6% year-over-year).
- 2021: Revenue of $105K, expenses of $179K, and assets of $347K (revenue +53.4% year-over-year).
- 2020: Revenue of $69K, expenses of $207K, and assets of $421K.
- 2019: Revenue of $-1,806, expenses of $46K, and assets of $560K (revenue -128.7% year-over-year).
- 2015: Revenue of $6K, expenses of $265K, and assets of $797K.
- 2014: Revenue of $-957,664, expenses of $305K, and assets of $1.1M (revenue -6104.5% year-over-year).
- 2013: Revenue of $16K, expenses of $391K, and assets of $2.7M (revenue -99.4% year-over-year).
- 2012: Revenue of $2.7M, expenses of $683K, and assets of $2.8M.
- 2011: Revenue of $-14,047, expenses of $33K, and assets of $628K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ausman Family Foundation Inc:
Data Sources and Methodology
This transparency report for Ausman Family Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.