Berson Family Supporting Foundation Inc
Berson Family Supporting Foundation: High Revenue, Low Program Spending
EIN: 222872256 · Whippany, NJ · Updated: 2026-04-04
Is Berson Family Supporting Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Berson Family Supporting Foundation Inc directs 6% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Berson Family Supporting Foundation Inc
Berson Family Supporting Foundation Inc (EIN: 222872256) is a nonprofit organization based in Whippany, NJ. The organization reported total revenue of $2.1M and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Berson Family Supporting Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Berson Family Supporting 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: 94%
- programs: 6%
- fundraising: 0%
According to IRS 990 filings, Berson Family Supporting Foundation Inc allocates its expenses as follows: admin: 94%, programs: 6%, fundraising: 0%. Only 6% is directed toward programs, which may warrant further investigation by donors.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, but the high administrative expenses suggest a significant portion could be allocated to salaries and related costs.
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 Berson Family Supporting Foundation Inc's IRS 990 filings:
- Extremely low program spending relative to total expenses (6% in 2023).
- High administrative overhead (94% in 2023) raises questions about operational efficiency and direct impact.
- The organization's net assets have fluctuated significantly, from $1,372,737 in 2017 to $1,773,385 in 2023, despite low program spending.
Strengths
The following positive indicators were identified for Berson Family Supporting Foundation Inc:
- Consistent revenue generation, with $1,717,750 reported in 2023.
- No reported fundraising expenses, indicating efficient revenue acquisition if the revenue is from passive sources or a single donor.
Frequently Asked Questions about Berson Family Supporting Foundation Inc
Is Berson Family Supporting Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Berson Family Supporting Foundation Inc (EIN: 222872256) significant concerns. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
How does Berson Family Supporting Foundation Inc spend its money?
Berson Family Supporting Foundation Inc directs 6% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Berson Family Supporting Foundation Inc tax-deductible?
Berson Family Supporting Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222872256). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Berson Family Supporting Foundation Inc do?
Berson Family Supporting Foundation Inc is a nonprofit organization in the Unknown sector, located in Whippany, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Berson Family Supporting Foundation Inc have?
Berson Family Supporting Foundation Inc reported total revenue of $2,061,633. Based on 13 IRS 990 filings on record.
What are Berson Family Supporting Foundation Inc's total assets?
Berson Family Supporting Foundation Inc holds total assets of $1,773,385 as reported in IRS 990 filings.
Where is Berson Family Supporting Foundation Inc located?
Berson Family Supporting Foundation Inc is based in Whippany, New Jersey.
What is Berson Family Supporting Foundation Inc's EIN?
Berson Family Supporting Foundation Inc's Employer Identification Number (EIN) is 222872256. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Berson Family Supporting Foundation Inc?
Berson Family Supporting Foundation Inc is classified under NTEE code Unknown (Unknown).
Is Berson Family Supporting Foundation Inc a registered 501(c)(3)?
Berson Family Supporting Foundation Inc appears in IRS records (EIN: 222872256). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Berson Family Supporting Foundation Inc file IRS Form 990?
Yes, Berson Family Supporting Foundation Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Berson Family Supporting Foundation Inc's revenue in 2023?
In the 202306 filing period, Berson Family Supporting Foundation Inc reported total revenue of $171,775, total expenses of $264,953, and net assets of $14,820.
Is Berson Family Supporting Foundation Inc's revenue growing or declining?
Berson Family Supporting Foundation Inc's revenue is growing. Revenue went from $35,725 (202206) to $171,775 (202306), a +380.8% change. Based on 13 filings on record.
What is Berson Family Supporting Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Berson Family Supporting Foundation Inc covers tax period 202306. It shows revenue of $171,775, expenses of $264,953, total assets of $14,820, and liabilities of N/A.
How much does Berson Family Supporting Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Berson Family Supporting Foundation Inc allocates approximately 6% of expenses to program services, 94% to administrative costs, and 0% to fundraising. Overhead costs appear high relative to program spending.
Is Berson Family Supporting Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Berson Family Supporting Foundation Inc shows mixed signals. Mission Score: 45/100 (Fair). 3 red flags identified. 2 strengths noted.
What are the red flags for Berson Family Supporting Foundation Inc?
The following concerns were identified: Extremely low program spending relative to total expenses (6% in 2023).. High administrative overhead (94% in 2023) raises questions about operational efficiency and direct impact.. The organization's net assets have fluctuated significantly, from $1,372,737 in 2017 to $1,773,385 in 2023, despite low program spending.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Berson Family Supporting Foundation Inc's strengths?
Positive indicators for Berson Family Supporting Foundation Inc include: Consistent revenue generation, with $1,717,750 reported in 2023.. No reported fundraising expenses, indicating efficient revenue acquisition if the revenue is from passive sources or a single donor.. These findings are derived from AI analysis of the organization's financial filings.
How does Berson Family Supporting Foundation Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, but the high administrative expenses suggest a significant portion could be allocated to salaries and related costs. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'Supporting Foundation' designation, what specific organizations or causes does the Berson Family Supporting Foundation Inc. primarily support, and how are these beneficiaries selected?
The provided data does not specify the beneficiaries or the selection process, which is crucial for understanding the foundation's impact despite its low direct program spending.
What is the detailed breakdown of the $249,953 in administrative expenses reported in 2023, particularly regarding salaries, professional fees, and other overhead costs?
The data only provides the aggregate administrative expense figure, making it difficult to assess the reasonableness and necessity of these costs without further itemization.
Filing History
IRS 990 filing history for Berson Family Supporting Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Berson Family Supporting Foundation Inc's revenue has grown by 11837.1%, moving from $1K to $172K. Total assets decreased by 55.5% over the same period, from $33K to $15K. Total functional expenses rose by 7099.8%, from $4K to $265K. In its most recent filing year (2023), Berson Family Supporting Foundation Inc reported a deficit of $93K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $172K | $265K | $15K | $0 | — | View 990 |
| 2022 | $36K | $584K | $103K | $0 | — | View 990 |
| 2021 | $283K | $217K | $711K | $0 | — | View 990 |
| 2020 | $15K | $245K | $558K | $0 | — | View 990 |
| 2019 | $225K | $519K | $794K | $0 | — | View 990 |
| 2018 | $215K | $467K | $1.1M | $0 | — | View 990 |
| 2017 | $971K | $361K | $1.4M | $0 | — | View 990 |
| 2016 | $6K | $156K | $744K | $0 | — | View 990 |
| 2015 | $34K | $194K | $893K | $0 | — | View 990 |
| 2014 | $64K | $220K | $1.1M | $0 | — | View 990 |
| 2013 | $131K | $137K | $1.3M | $0 | — | View 990 |
| 2012 | $1.2M | $3K | $1.2M | $0 | — | View 990 |
| 2011 | $1K | $4K | $33K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $172K, expenses of $265K, and assets of $15K (revenue +380.8% year-over-year).
- 2022: Revenue of $36K, expenses of $584K, and assets of $103K (revenue -87.4% year-over-year).
- 2021: Revenue of $283K, expenses of $217K, and assets of $711K (revenue +1749.4% year-over-year).
- 2020: Revenue of $15K, expenses of $245K, and assets of $558K (revenue -93.2% year-over-year).
- 2019: Revenue of $225K, expenses of $519K, and assets of $794K (revenue +4.5% year-over-year).
- 2018: Revenue of $215K, expenses of $467K, and assets of $1.1M (revenue -77.9% year-over-year).
- 2017: Revenue of $971K, expenses of $361K, and assets of $1.4M (revenue +15636.2% year-over-year).
- 2016: Revenue of $6K, expenses of $156K, and assets of $744K (revenue -82.0% year-over-year).
- 2015: Revenue of $34K, expenses of $194K, and assets of $893K (revenue -46.6% year-over-year).
- 2014: Revenue of $64K, expenses of $220K, and assets of $1.1M (revenue -51.0% year-over-year).
- 2013: Revenue of $131K, expenses of $137K, and assets of $1.3M (revenue -89.0% year-over-year).
- 2012: Revenue of $1.2M, expenses of $3K, and assets of $1.2M (revenue +83225.8% year-over-year).
- 2011: Revenue of $1K, expenses of $4K, and assets of $33K.
Data Sources and Methodology
This transparency report for Berson Family Supporting 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.