Fels Family Foundation
Fels Family Foundation shows consistent asset growth and zero officer compensation over a decade.
EIN: 200477156 · Worcester, MA · NTEE: P12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.5M |
| Total Expenses | $1.2M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $23.7 |
| Net Assets | $23.8M |
| Transparency Score | 95/100 |
Is Fels Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fels Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fels Family Foundation
Fels Family Foundation (EIN: 200477156) is a nonprofit organization based in Worcester, MA, classified under NTEE code P12. The organization reported total revenue of $8.5M and total assets of $24.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fels Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fels Family Foundation is a mid-size nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$530K |
| Total Assets | $23.8M |
| Total Liabilities | $1 |
| Net Assets | $23.8M |
| Operating Margin | 30.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 234.9 months |
Financial Health Grade: A
In 2023, Fels Family Foundation reported a surplus of $530K with revenue exceeding expenses, holds 234.9 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), Fels Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.7% | -1.7% | +2.3% |
| 2022 | +5.0% | +1.1% | +2.8% |
| 2021 | +21.2% | +18.0% | +2.5% |
| 2020 | -20.6% | -6.7% | +2.0% |
| 2019 | +68.0% | +16.4% | +13.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Fels Family Foundation 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, Fels 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 surplus of $530K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its size and asset base ($23.7 million in 2023).
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 Fels Family Foundation's IRS 990 filings:
- Lack of detailed program vs. administrative expense breakdown in summary data (though zero officer comp mitigates this)
Strengths
The following positive indicators were identified for Fels Family Foundation:
- Consistent asset growth from $14.5M to $23.7M over 12 years
- Zero officer compensation reported across all filings, indicating high efficiency
- Minimal liabilities ($1 reported in recent years), demonstrating strong financial stability
- Consistent history of IRS 990 filings, indicating good transparency
- Expenses consistently well below revenue in most periods, allowing for asset growth
Frequently Asked Questions about Fels Family Foundation
Is Fels Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Fels Family Foundation (EIN: 200477156) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Fels Family Foundation spend its money?
Fels Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Fels Family Foundation tax-deductible?
Fels Family Foundation is registered as a tax-exempt nonprofit (EIN: 200477156). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Fels Family Foundation CEO make?
Fels Family Foundation's highest-compensated officer earns $23.7 annually. The organization reported $8.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Fels Family Foundation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Fels Family Foundation is above average for NTEE category P12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Fels Family Foundation located?
Fels Family Foundation is headquartered in Worcester, Massachusetts and files with the IRS under EIN 200477156. It is classified under NTEE code P12.
How many years of IRS 990 filings does Fels Family Foundation have?
Fels 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 $8.5M in total revenue.
Is the Fels Family Foundation a good charity?
Based on the provided data, the Fels Family Foundation appears to be a very good charity. It demonstrates strong financial health with growing assets, minimal liabilities, and a remarkable commitment to efficiency by reporting zero officer compensation across all filings. This suggests that nearly all expenditures are directed towards its mission.
How does the Fels Family Foundation manage its administrative costs?
The Fels Family Foundation manages its administrative costs exceptionally well, particularly regarding executive compensation, which is consistently reported as $0. While a full breakdown of other administrative expenses isn't detailed, the absence of officer salaries is a significant indicator of low overhead.
What is the trend in the Fels Family Foundation's assets?
The Fels Family Foundation has shown a consistent and strong upward trend in its assets, growing from $14,571,261 in 2011 to $23,789,838 in 2023, indicating sound financial management and investment strategies.
Filing History
IRS 990 filing history for Fels Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Fels Family Foundation's revenue has grown by 74.8%, moving from $998K to $1.7M. Total assets increased by 63.3% over the same period, from $14.6M to $23.8M. Total functional expenses rose by 71%, from $711K to $1.2M. In its most recent filing year (2023), Fels Family Foundation reported a surplus of $530K, with revenue exceeding expenses. The organization holds $1 in liabilities against $23.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $23.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.2M | $23.8M | $1 | — | View 990 |
| 2022 | $1.9M | $1.2M | $23.3M | $1 | — | View 990 |
| 2021 | $1.8M | $1.2M | $22.6M | $1 | — | View 990 |
| 2020 | $1.5M | $1.0M | $22.1M | $1 | — | View 990 |
| 2019 | $1.9M | $1.1M | $21.6M | $1 | — | View 990 |
| 2015 | $1.1M | $954K | $19.0M | $0 | — | View 990 |
| 2014 | $3.7M | $939K | $18.9M | $0 | — | View 990 |
| 2013 | $2.5M | $715K | $16.1M | $0 | — | View 990 |
| 2012 | $581K | $663K | $14.3M | $0 | — | View 990 |
| 2011 | $998K | $711K | $14.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.2M, and assets of $23.8M (revenue -6.7% year-over-year).
- 2022: Revenue of $1.9M, expenses of $1.2M, and assets of $23.3M (revenue +5.0% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.2M, and assets of $22.6M (revenue +21.2% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.0M, and assets of $22.1M (revenue -20.6% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.1M, and assets of $21.6M (revenue +68.0% year-over-year).
- 2015: Revenue of $1.1M, expenses of $954K, and assets of $19.0M (revenue -70.3% year-over-year).
- 2014: Revenue of $3.7M, expenses of $939K, and assets of $18.9M (revenue +47.3% year-over-year).
- 2013: Revenue of $2.5M, expenses of $715K, and assets of $16.1M (revenue +333.1% year-over-year).
- 2012: Revenue of $581K, expenses of $663K, and assets of $14.3M (revenue -41.8% year-over-year).
- 2011: Revenue of $998K, expenses of $711K, and assets of $14.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fels Family Foundation:
Data Sources and Methodology
This transparency report for Fels 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.