Edmunds Family Foundation Inc
Edmunds Family Foundation maintains stable assets with fluctuating revenue and no reported officer compensation.
EIN: 200493224 · Phoenix, AZ · NTEE: T22 · Updated: 2026-03-28
Is Edmunds Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Edmunds Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Edmunds Family Foundation Inc
Edmunds Family Foundation Inc (EIN: 200493224) is a nonprofit organization based in Phoenix, AZ, classified under NTEE code T22. The organization reported total revenue of $1.0M and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Edmunds Family 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 Edmunds Family Foundation Inc 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Edmunds Family Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The Edmunds Family Foundation Inc. consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for a nonprofit 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 Edmunds Family Foundation Inc's IRS 990 filings:
- Expenses frequently exceed revenue, potentially drawing down on assets (e.g., 2023: $440,958 expenses vs. $263,794 revenue).
- Significant fluctuations in annual revenue, making financial planning potentially challenging (e.g., $666,069 in 2021 vs. $46,493 in 2020).
Strengths
The following positive indicators were identified for Edmunds Family Foundation Inc:
- Consistent reporting of $0 officer compensation, indicating a strong focus on mission over executive pay.
- Stable asset base, consistently above $1.8 million, providing a solid financial foundation.
- Very low liabilities ($1 in most years), indicating sound financial management and minimal debt.
- Long history of IRS 990 filings (11 filings), demonstrating consistent compliance and transparency.
Frequently Asked Questions about Edmunds Family Foundation Inc
Is Edmunds Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Edmunds Family Foundation Inc (EIN: 200493224) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Edmunds Family Foundation Inc spend its money?
Edmunds Family Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Edmunds Family Foundation Inc tax-deductible?
Edmunds Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200493224). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Edmunds Family Foundation Inc. financially stable?
Yes, the foundation demonstrates financial stability with assets consistently above $1.8 million, reaching $2,270,032 in 2023, and minimal liabilities ($1 in most years).
Does the organization spend efficiently?
While the organization consistently reports $0 in officer compensation, expenses have exceeded revenue in several recent years (e.g., $440,958 expenses vs. $263,794 revenue in 2023), suggesting reliance on asset drawdowns or prior surpluses. A detailed functional expense breakdown is needed for a precise efficiency assessment.
How transparent is Edmunds Family Foundation Inc.?
The foundation shows good transparency through consistent IRS 990 filings and the clear reporting of $0 officer compensation. Further transparency could be achieved with a public breakdown of program, administrative, and fundraising expenses.
Filing History
IRS 990 filing history for Edmunds Family Foundation Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2010–2023), Edmunds Family Foundation Inc's revenue has declined by 50.8%, moving from $536K to $264K. Total assets increased by 9% over the same period, from $2.1M to $2.3M. Total functional expenses rose by 120.8%, from $200K to $441K. In its most recent filing year (2023), Edmunds Family Foundation Inc reported a deficit of $177K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $264K | $441K | $2.3M | $1 | — | View 990 |
| 2022 | $184K | $208K | $2.4M | $1 | — | View 990 |
| 2021 | $666K | $168K | $2.5M | $1 | — | View 990 |
| 2020 | $46K | $116K | $1.9M | $1 | — | View 990 |
| 2019 | $171K | $112K | $2.0M | $1 | — | — |
| 2015 | $70K | $194K | $1.8M | $1 | — | View 990 |
| 2014 | $181K | $168K | $1.9M | $1 | — | View 990 |
| 2013 | $155K | $127K | $1.9M | $3K | — | View 990 |
| 2012 | $31K | $180K | $1.9M | $1 | — | View 990 |
| 2011 | $99K | $132K | $2.1M | $1 | — | View 990 |
| 2010 | $536K | $200K | $2.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $264K, expenses of $441K, and assets of $2.3M (revenue +43.2% year-over-year).
- 2022: Revenue of $184K, expenses of $208K, and assets of $2.4M (revenue -72.3% year-over-year).
- 2021: Revenue of $666K, expenses of $168K, and assets of $2.5M (revenue +1332.6% year-over-year).
- 2020: Revenue of $46K, expenses of $116K, and assets of $1.9M (revenue -72.9% year-over-year).
- 2019: Revenue of $171K, expenses of $112K, and assets of $2.0M (revenue +144.7% year-over-year).
- 2015: Revenue of $70K, expenses of $194K, and assets of $1.8M (revenue -61.2% year-over-year).
- 2014: Revenue of $181K, expenses of $168K, and assets of $1.9M (revenue +16.6% year-over-year).
- 2013: Revenue of $155K, expenses of $127K, and assets of $1.9M (revenue +399.8% year-over-year).
- 2012: Revenue of $31K, expenses of $180K, and assets of $1.9M (revenue -68.7% year-over-year).
- 2011: Revenue of $99K, expenses of $132K, and assets of $2.1M (revenue -81.5% year-over-year).
- 2010: Revenue of $536K, expenses of $200K, and assets of $2.1M.
Data Sources and Methodology
This transparency report for Edmunds 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.