Eaton Family Foundation
Eaton Family Foundation consistently operates at a deficit, drawing from its $3M asset base, with zero executive compensation.
EIN: 20552091 · Littleton, CO · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $252K |
| Program Spending | 90% |
| Net Assets | $2.9M |
| Transparency Score | 85/100 |
Is Eaton Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Eaton Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Eaton Family Foundation
Eaton Family Foundation (EIN: 20552091) is a nonprofit organization based in Littleton, CO, classified under NTEE code T20. The organization reported total revenue of $1.1M and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eaton Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Eaton Family Foundation is a mid-size nonprofit that has been operating for 23 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $174K |
| Total Expenses | $252K |
| Surplus / Deficit | $-77,400 |
| Total Assets | $2.9M |
| Total Liabilities | $1 |
| Net Assets | $2.9M |
| Operating Margin | -44.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 138.8 months |
Financial Health Grade: B
In 2023, Eaton Family Foundation reported a deficit of $77K with expenses exceeding revenue, holds 138.8 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), Eaton Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.0% | +7.7% | -2.6% |
| 2022 | -34.0% | +138.2% | -2.2% |
| 2021 | +35.7% | -60.1% | +5.4% |
| 2020 | +15.4% | -78.2% | -0.6% |
| 2019 | +97.4% | +362.5% | -9.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Eaton Family Foundation with a Mission Score of 85 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, Eaton Family Foundation 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 deficit of $77K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Eaton Family Foundation consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly favorable for directing resources to its mission.
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 Eaton Family Foundation's IRS 990 filings:
- Frequent operational deficits (e.g., 2023 expenses $251,837 vs. revenue $174,437)
- Significant variability in annual expenses, making year-over-year comparison of efficiency challenging without detailed breakdowns (e.g., $28,859 in 2011 vs. $1,128,773 in 2019)
Strengths
The following positive indicators were identified for Eaton Family Foundation:
- Consistent zero officer compensation, indicating high efficiency in leadership compensation
- Substantial and stable asset base (around $3 million) providing long-term financial security
- Long operating history with 10 filings, suggesting established operations
Frequently Asked Questions about Eaton Family Foundation
Is Eaton Family Foundation a legitimate charity?
Eaton Family Foundation (EIN: 20552091) is a registered tax-exempt nonprofit based in Colorado. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.1M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Eaton Family Foundation spend its money?
Eaton Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Eaton Family Foundation tax-deductible?
Eaton Family Foundation is registered as a tax-exempt nonprofit (EIN: 20552091). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Eaton Family Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Eaton Family Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Eaton Family Foundation located?
Eaton Family Foundation is headquartered in Littleton, Colorado and files with the IRS under EIN 20552091. It is classified under NTEE code T20.
How many years of IRS 990 filings does Eaton Family Foundation have?
Eaton Family Foundation has 10 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 $1.1M in total revenue.
Is the Eaton Family Foundation financially sustainable given its recurring operational deficits?
While the foundation frequently spends more than it earns annually (e.g., $251,837 expenses vs. $174,437 revenue in 2023), its substantial asset base of approximately $3 million suggests it operates as an endowment, drawing from these assets to fund its grantmaking activities. This model can be sustainable if the asset base is managed effectively to generate returns and cover distributions.
What is the primary reason for the significant expense spike in 2019 ($1,128,773)?
The provided data does not detail the nature of the expenses, but such a large spike, significantly exceeding typical annual expenses, likely indicates a major grant disbursement or a one-time significant investment in a program or asset, rather than a sudden increase in administrative costs.
How does the foundation manage to maintain its asset level despite frequent operational deficits?
The foundation likely has an investment strategy for its assets that generates returns, which, along with potential irregular large contributions not reflected in annual revenue, helps to replenish or maintain the asset base even when annual expenses exceed annual reported revenue.
Does the lack of officer compensation indicate a volunteer-run organization?
The consistent 0% officer compensation strongly suggests that the foundation's leadership, at least at the officer level, is either volunteer-based or compensated through other means not classified as officer compensation, which is a positive indicator of resource allocation towards its mission.
Filing History
IRS 990 filing history for Eaton Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Eaton Family Foundation's revenue has declined by 43.8%, moving from $310K to $174K. Total assets increased by 69.5% over the same period, from $1.7M to $2.9M. Total functional expenses rose by 772.6%, from $29K to $252K. In its most recent filing year (2023), Eaton Family Foundation reported a deficit of $77K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $174K | $252K | $2.9M | $1 | — | — |
| 2022 | $168K | $234K | $3.0M | $735 | — | View 990 |
| 2021 | $254K | $98K | $3.1M | $631 | — | View 990 |
| 2020 | $187K | $246K | $2.9M | $430 | — | View 990 |
| 2019 | $162K | $1.1M | $2.9M | $903 | — | View 990 |
| 2015 | $82K | $244K | $3.2M | $2K | — | View 990 |
| 2014 | $267K | $94K | $3.4M | $2K | — | View 990 |
| 2013 | $1.4M | $169K | $3.2M | $1 | — | View 990 |
| 2012 | $312K | $38K | $2.0M | $367 | — | View 990 |
| 2011 | $310K | $29K | $1.7M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $174K, expenses of $252K, and assets of $2.9M (revenue +4.0% year-over-year).
- 2022: Revenue of $168K, expenses of $234K, and assets of $3.0M (revenue -34.0% year-over-year).
- 2021: Revenue of $254K, expenses of $98K, and assets of $3.1M (revenue +35.7% year-over-year).
- 2020: Revenue of $187K, expenses of $246K, and assets of $2.9M (revenue +15.4% year-over-year).
- 2019: Revenue of $162K, expenses of $1.1M, and assets of $2.9M (revenue +97.4% year-over-year).
- 2015: Revenue of $82K, expenses of $244K, and assets of $3.2M (revenue -69.3% year-over-year).
- 2014: Revenue of $267K, expenses of $94K, and assets of $3.4M (revenue -80.8% year-over-year).
- 2013: Revenue of $1.4M, expenses of $169K, and assets of $3.2M (revenue +345.2% year-over-year).
- 2012: Revenue of $312K, expenses of $38K, and assets of $2.0M (revenue +0.7% year-over-year).
- 2011: Revenue of $310K, expenses of $29K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Eaton Family Foundation:
Data Sources and Methodology
This transparency report for Eaton Family Foundation 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.