Bill And Sharon Allen Familyfoundation
Bill And Sharon Allen Familyfoundation consistently grows assets with zero officer compensation and minimal liabilities.
EIN: 205854617 · Charlotte, NC · NTEE: T20 · Updated: 2026-03-28
Is Bill And Sharon Allen Familyfoundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bill And Sharon Allen Familyfoundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bill And Sharon Allen Familyfoundation
Bill And Sharon Allen Familyfoundation (EIN: 205854617) is a nonprofit organization based in Charlotte, NC, classified under NTEE code T20. The organization reported total revenue of $9.3M and total assets of $22.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bill And Sharon Allen Familyfoundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bill And Sharon Allen Familyfoundation is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$743K |
| Total Assets | $20.6M |
| Total Liabilities | $1 |
| Net Assets | $20.6M |
| Operating Margin | 36.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 190.0 months |
Financial Health Grade: A
In 2023, Bill And Sharon Allen Familyfoundation reported a surplus of $743K with revenue exceeding expenses, holds 190.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Bill And Sharon Allen Familyfoundation's revenue has grown at a compound annual growth rate (CAGR) of 4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.5% | -7.7% | +3.0% |
| 2022 | -52.9% | +28.2% | +3.3% |
| 2021 | +70.4% | +8.6% | +18.1% |
| 2020 | +15.3% | +5.0% | +9.3% |
| 2019 | -21.9% | +34.4% | +24.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Bill And Sharon Allen Familyfoundation with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Bill And Sharon Allen Familyfoundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $743K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is highly unusual and suggests a volunteer-led or very lean operational structure for a foundation of its size.
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 Bill And Sharon Allen Familyfoundation's IRS 990 filings:
- Lack of detailed expense breakdown (e.g., program vs. administrative) in provided data, making precise efficiency analysis difficult.
Strengths
The following positive indicators were identified for Bill And Sharon Allen Familyfoundation:
- Consistent and significant asset growth, from $6.9M in 2011 to $20.5M in 2023.
- Zero reported officer compensation across all filings, indicating high efficiency and volunteer leadership.
- Extremely low liabilities ($1 in recent years), demonstrating strong financial management.
- Expenses consistently well below revenue, allowing for robust financial reserves and growth.
- NTEE code T20 (Private Grantmaking Foundations) suggests a direct focus on charitable giving.
Frequently Asked Questions about Bill And Sharon Allen Familyfoundation
Is Bill And Sharon Allen Familyfoundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Bill And Sharon Allen Familyfoundation (EIN: 205854617) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Bill And Sharon Allen Familyfoundation spend its money?
Bill And Sharon Allen Familyfoundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bill And Sharon Allen Familyfoundation tax-deductible?
Bill And Sharon Allen Familyfoundation is registered as a tax-exempt nonprofit (EIN: 205854617). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Bill And Sharon Allen Familyfoundation a good charity?
Based on the provided financial data, the Bill And Sharon Allen Familyfoundation appears to be a very good charity. It demonstrates exceptional financial health with consistent asset growth, minimal liabilities, and zero reported officer compensation. Its NTEE code suggests a focus on grantmaking, implying its expenses are primarily directed towards its mission.
How has the foundation's asset base grown over time?
The foundation's assets have grown substantially, from $6,941,394 in 2011 to $20,585,001 in 2023, representing an increase of over 196% in just over a decade.
What is the trend in the foundation's revenue and expenses?
Revenue has fluctuated year-to-year but shows an overall upward trend, with the latest reported revenue at $2,042,958 in 2023. Expenses have also increased over time, but consistently remain well below revenue, allowing for significant asset accumulation. For example, in 2023, expenses were $1,300,291 against $2,042,958 in revenue.
Filing History
IRS 990 filing history for Bill And Sharon Allen Familyfoundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Bill And Sharon Allen Familyfoundation's revenue has grown by 59.6%, moving from $1.3M to $2.0M. Total assets increased by 196.6% over the same period, from $6.9M to $20.6M. Total functional expenses rose by 241%, from $381K to $1.3M. In its most recent filing year (2023), Bill And Sharon Allen Familyfoundation reported a surplus of $743K, with revenue exceeding expenses. The organization holds $1 in liabilities against $20.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $20.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $1.3M | $20.6M | $1 | — | — |
| 2022 | $2.0M | $1.4M | $20.0M | $1 | — | — |
| 2021 | $4.3M | $1.1M | $19.3M | $1 | — | View 990 |
| 2020 | $2.5M | $1.0M | $16.4M | $1 | — | View 990 |
| 2019 | $2.2M | $963K | $15.0M | $0 | — | View 990 |
| 2015 | $2.8M | $717K | $12.0M | $0 | — | View 990 |
| 2014 | $1.7M | $639K | $10.0M | $0 | — | View 990 |
| 2013 | $1.3M | $558K | $8.9M | $0 | — | View 990 |
| 2012 | $2.0M | $431K | $8.1M | $0 | — | View 990 |
| 2011 | $1.3M | $381K | $6.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $1.3M, and assets of $20.6M (revenue +1.5% year-over-year).
- 2022: Revenue of $2.0M, expenses of $1.4M, and assets of $20.0M (revenue -52.9% year-over-year).
- 2021: Revenue of $4.3M, expenses of $1.1M, and assets of $19.3M (revenue +70.4% year-over-year).
- 2020: Revenue of $2.5M, expenses of $1.0M, and assets of $16.4M (revenue +15.3% year-over-year).
- 2019: Revenue of $2.2M, expenses of $963K, and assets of $15.0M (revenue -21.9% year-over-year).
- 2015: Revenue of $2.8M, expenses of $717K, and assets of $12.0M (revenue +59.9% year-over-year).
- 2014: Revenue of $1.7M, expenses of $639K, and assets of $10.0M (revenue +32.4% year-over-year).
- 2013: Revenue of $1.3M, expenses of $558K, and assets of $8.9M (revenue -33.5% year-over-year).
- 2012: Revenue of $2.0M, expenses of $431K, and assets of $8.1M (revenue +54.7% year-over-year).
- 2011: Revenue of $1.3M, expenses of $381K, and assets of $6.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bill And Sharon Allen Familyfoundation:
Data Sources and Methodology
This transparency report for Bill And Sharon Allen Familyfoundation 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.