Foss Family Foundation
Foss Family Foundation maintains zero officer compensation and significant asset growth over a decade.
EIN: 20511772 · Concord, NH · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.8M |
| Total Expenses | $516K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $7 |
| Net Assets | $7.6M |
| Transparency Score | 90/100 |
Is Foss Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Foss Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Foss Family Foundation
Foss Family Foundation (EIN: 20511772) is a nonprofit organization based in Concord, NH, classified under NTEE code T22. The organization reported total revenue of $4.8M and total assets of $7.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foss Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Foss Family Foundation is a mid-size nonprofit that has been operating for 26 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 12.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $496K |
| Total Expenses | $516K |
| Surplus / Deficit | $-20,026 |
| Total Assets | $7.6M |
| Total Liabilities | $1 |
| Net Assets | $7.6M |
| Operating Margin | -4.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 177.0 months |
Financial Health Grade: B
In 2024, Foss Family Foundation reported a deficit of $20K with expenses exceeding revenue, holds 177.0 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 (2012–2024), Foss Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 12.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -80.9% | +6.7% | -0.3% |
| 2023 | +989.1% | +17.0% | +38.3% |
| 2022 | -67.4% | -2.5% | -3.1% |
| 2021 | +45.4% | +15.1% | +5.7% |
| 2020 | +262.4% | +1617.1% | +455.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
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 Foss Family Foundation with a Mission Score of 90 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, Foss 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $20K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly unusual for an organization with assets exceeding $7 million.
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 Foss Family Foundation's IRS 990 filings:
- Significant revenue volatility year-over-year, making future income less predictable.
- Lack of detailed breakdown for program vs. administrative expenses in provided data, making precise efficiency analysis challenging.
Strengths
The following positive indicators were identified for Foss Family Foundation:
- Consistent asset growth, from $513,700 in 2012 to $7,616,209 in 2024, indicating strong financial stewardship.
- Zero reported officer compensation across all filings, suggesting extremely low administrative overhead.
- Consistently low liabilities ($0-$1) across all reported periods, indicating excellent financial stability.
- Long history of IRS 990 filings (10 filings), demonstrating transparency and compliance.
- Expenses generally well below revenue, indicating efficient use of funds and ability to build reserves.
Frequently Asked Questions about Foss Family Foundation
Is Foss Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Foss Family Foundation (EIN: 20511772) some concerns. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
How does Foss Family Foundation spend its money?
Foss Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Foss Family Foundation tax-deductible?
Foss Family Foundation is registered as a tax-exempt nonprofit (EIN: 20511772). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Foss Family Foundation CEO make?
Foss Family Foundation's highest-compensated officer earns $7 annually. The organization reported $4.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Foss Family Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Foss Family Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Foss Family Foundation located?
Foss Family Foundation is headquartered in Concord, New Hampshire and files with the IRS under EIN 20511772. It is classified under NTEE code T22.
How many years of IRS 990 filings does Foss Family Foundation have?
Foss 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 $4.8M in total revenue.
How does the Foss Family Foundation manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the foundation's leadership is either entirely volunteer-based, or compensation is structured in a way that it is not reported under 'officer compensation' on the 990, such as through a related entity or as contractor fees. This is a significant factor in its low administrative overhead.
What is the primary source of the foundation's revenue fluctuations?
As a private grantmaking foundation (NTEE T22), its revenue often comes from investment returns, contributions from a founding family, or other large donations. The significant fluctuation, such as $2,597,929 in 2023 compared to $496,320 in 2024, suggests reliance on variable income streams, potentially investment performance or large, infrequent contributions.
What is the foundation's strategy for asset growth?
The foundation has shown consistent asset growth from $513,700 in 2012 to $7,616,209 in 2024. This growth, coupled with expenses often being significantly lower than revenue, indicates a strategy of reinvesting surplus funds and potentially strong investment management, which is typical for endowed private foundations.
Filing History
IRS 990 filing history for Foss Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Foss Family Foundation's revenue has grown by 297%, moving from $125K to $496K. Total assets increased by 1382.6% over the same period, from $514K to $7.6M. Total functional expenses rose by 2320.6%, from $21K to $516K. In its most recent filing year (2024), Foss Family Foundation reported a deficit of $20K, with expenses exceeding revenue. The organization holds $1 in liabilities against $7.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $7.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $496K | $516K | $7.6M | $1 | — | View 990 |
| 2023 | $2.6M | $484K | $7.6M | $1 | — | View 990 |
| 2022 | $239K | $414K | $5.5M | $1 | — | View 990 |
| 2021 | $732K | $424K | $5.7M | $1 | — | — |
| 2020 | $504K | $368K | $5.4M | $1 | — | View 990 |
| 2016 | $139K | $21K | $970K | $1 | — | View 990 |
| 2015 | $145K | $17K | $852K | $1 | — | View 990 |
| 2014 | $123K | $18K | $725K | $0 | — | View 990 |
| 2013 | $126K | $19K | $620K | $1 | — | View 990 |
| 2012 | $125K | $21K | $514K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $496K, expenses of $516K, and assets of $7.6M (revenue -80.9% year-over-year).
- 2023: Revenue of $2.6M, expenses of $484K, and assets of $7.6M (revenue +989.1% year-over-year).
- 2022: Revenue of $239K, expenses of $414K, and assets of $5.5M (revenue -67.4% year-over-year).
- 2021: Revenue of $732K, expenses of $424K, and assets of $5.7M (revenue +45.4% year-over-year).
- 2020: Revenue of $504K, expenses of $368K, and assets of $5.4M (revenue +262.4% year-over-year).
- 2016: Revenue of $139K, expenses of $21K, and assets of $970K (revenue -3.9% year-over-year).
- 2015: Revenue of $145K, expenses of $17K, and assets of $852K (revenue +17.7% year-over-year).
- 2014: Revenue of $123K, expenses of $18K, and assets of $725K (revenue -2.2% year-over-year).
- 2013: Revenue of $126K, expenses of $19K, and assets of $620K (revenue +0.5% year-over-year).
- 2012: Revenue of $125K, expenses of $21K, and assets of $514K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Foss Family Foundation:
Data Sources and Methodology
This transparency report for Foss 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.