Forster Family Foundation Inc
Forster Family Foundation shows long-term asset growth but recent years indicate expenses exceeding revenue.
EIN: 203369497 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $561K |
| Program Spending | 85% |
| Net Assets | $3.0M |
| Transparency Score | 75/100 |
Is Forster 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 →
Forster Family Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Forster Family Foundation Inc
Forster Family Foundation Inc (EIN: 203369497) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $1.4M and total assets of $3.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Forster Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Forster Family Foundation Inc is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $77K |
| Total Expenses | $561K |
| Surplus / Deficit | $-484,240 |
| Total Assets | $3.0M |
| Total Liabilities | $1 |
| Net Assets | $3.0M |
| Operating Margin | -630.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 64.7 months |
Financial Health Grade: B
In 2023, Forster Family Foundation Inc reported a deficit of $484K with expenses exceeding revenue, holds 64.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -80.4% | +1.4% | -13.8% |
| 2022 | -66.0% | +2.2% | -4.4% |
| 2021 | +15.7% | +11.4% | +20.0% |
| 2020 | +46.2% | +3.6% | +20.1% |
| 2019 | +162.5% | +172.6% | +63.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
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 Forster Family Foundation Inc with a Mission Score of 75 out of 100 (Good). 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: 85%
- fundraising: 5%
According to IRS 990 filings, Forster Family Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $484K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Forster Family Foundation Inc. reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid or compensated through other means not categorized as officer compensation, which is a positive for donor confidence regarding administrative overhead.
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 Forster Family Foundation Inc's IRS 990 filings:
- Expenses consistently exceeding revenue in recent periods (e.g., 2023 expenses $561,083 vs. revenue $76,843)
- Unusual consistent reporting of $1 in liabilities across all filings, which may obscure actual financial obligations or reporting practices.
Strengths
The following positive indicators were identified for Forster Family Foundation Inc:
- Zero officer compensation reported, indicating efficient use of funds for leadership.
- Significant long-term asset growth, from $627,931 in 2011 to $2,973,590 in the latest period.
- Consistent filing history (10 filings), demonstrating transparency in reporting.
Frequently Asked Questions about Forster Family Foundation Inc
Is Forster Family Foundation Inc a legitimate charity?
Forster Family Foundation Inc (EIN: 203369497) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.4M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Forster Family Foundation Inc spend its money?
Forster Family Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Forster Family Foundation Inc tax-deductible?
Forster Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203369497). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Forster Family Foundation Inc's spending goes to programs?
Forster Family Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Forster Family Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Forster Family Foundation Inc 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 Forster Family Foundation Inc located?
Forster Family Foundation Inc is headquartered in Wilmington, Delaware and files with the IRS under EIN 203369497. It is classified under NTEE code T20.
How many years of IRS 990 filings does Forster Family Foundation Inc have?
Forster Family Foundation Inc 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 $1.4M in total revenue.
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of these categories, making it difficult to fully assess spending efficiency beyond overall expenses.
Why have expenses exceeded revenue in recent years (2022 and 2023)?
In 2023, expenses were $561,083 against revenue of $76,843. In 2022, expenses were $553,600 against revenue of $392,681. This trend suggests the foundation is either spending down its endowment or relying on prior year surpluses, which needs further investigation for long-term sustainability.
What is the nature of the $1 liability reported consistently across all filings?
The consistent reporting of $1 in liabilities is unusual and could indicate a simplified accounting practice or that the foundation primarily functions as a grant-making entity with minimal operational debt.
Filing History
IRS 990 filing history for Forster Family Foundation Inc showing financial trends over 10 years of public records:
Total assets increased by 381.6% over the same period, from $628K to $3.0M. Total functional expenses rose by 287%, from $145K to $561K. In its most recent filing year (2023), Forster Family Foundation Inc reported a deficit of $484K, with expenses exceeding revenue. The organization holds $1 in liabilities against $3.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $77K | $561K | $3.0M | $1 | — | View 990 |
| 2022 | $393K | $554K | $3.5M | $1 | — | View 990 |
| 2021 | $1.2M | $542K | $3.7M | $1 | — | View 990 |
| 2020 | $998K | $486K | $3.1M | $1 | — | — |
| 2019 | $682K | $469K | $2.5M | $1 | — | View 990 |
| 2015 | $260K | $172K | $1.6M | $1 | — | View 990 |
| 2014 | $590K | $184K | $1.5M | $1 | — | View 990 |
| 2013 | $609K | $166K | $1.1M | $1 | — | View 990 |
| 2012 | $123K | $135K | $616K | $1 | — | View 990 |
| 2011 | $-22,020 | $145K | $628K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $77K, expenses of $561K, and assets of $3.0M (revenue -80.4% year-over-year).
- 2022: Revenue of $393K, expenses of $554K, and assets of $3.5M (revenue -66.0% year-over-year).
- 2021: Revenue of $1.2M, expenses of $542K, and assets of $3.7M (revenue +15.7% year-over-year).
- 2020: Revenue of $998K, expenses of $486K, and assets of $3.1M (revenue +46.2% year-over-year).
- 2019: Revenue of $682K, expenses of $469K, and assets of $2.5M (revenue +162.5% year-over-year).
- 2015: Revenue of $260K, expenses of $172K, and assets of $1.6M (revenue -56.0% year-over-year).
- 2014: Revenue of $590K, expenses of $184K, and assets of $1.5M (revenue -3.1% year-over-year).
- 2013: Revenue of $609K, expenses of $166K, and assets of $1.1M (revenue +396.0% year-over-year).
- 2012: Revenue of $123K, expenses of $135K, and assets of $616K.
- 2011: Revenue of $-22,020, expenses of $145K, and assets of $628K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Forster Family Foundation Inc:
Data Sources and Methodology
This transparency report for Forster 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.