Foster Family Private Foundation Inc
Foster Family Private Foundation consistently spends more than it earns, drawing down assets.
EIN: 20709426 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $162K |
| Total Expenses | $90K |
| Program Spending | 85% |
| Net Assets | $1.9M |
| Transparency Score | 65/100 |
Is Foster Family Private Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Foster Family Private Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Foster Family Private Foundation Inc
Foster Family Private Foundation Inc (EIN: 20709426) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $162K and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foster Family Private Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Foster Family Private Foundation Inc is a small nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $79K |
| Total Expenses | $90K |
| Surplus / Deficit | $-10,786 |
| Total Assets | $1.9M |
| Total Liabilities | $1 |
| Net Assets | $1.9M |
| Operating Margin | -13.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 252.8 months |
Financial Health Grade: B
In 2023, Foster Family Private Foundation Inc reported a deficit of $11K with expenses exceeding revenue, holds 252.8 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), Foster Family Private Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.5% | -58.9% | -0.1% |
| 2022 | -1.5% | +12.7% | -7.4% |
| 2021 | -14.6% | -20.1% | -5.7% |
| 2020 | +47.1% | -17.3% | -6.9% |
| 2019 | -58.3% | +65.0% | -15.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Foster Family Private Foundation Inc with a Mission Score of 65 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, Foster Family Private 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 $11K, 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 no officers or directors are receiving salaries from the foundation, which is a positive sign for minimizing administrative costs relative to the organization's size and revenue.
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 Foster Family Private Foundation Inc's IRS 990 filings:
- Consistent deficit spending: Expenses have exceeded revenue in most reported periods, leading to a decline in assets (e.g., 2023 expenses $89,823 vs. revenue $79,037).
- Declining asset base: Assets have decreased from $2,823,667 in 2013 to $1,892,490 in 2023, indicating a draw-down of the endowment.
- Lack of detailed expense breakdown: Without a clear breakdown of program vs. administrative expenses, it's difficult to fully assess spending efficiency.
Strengths
The following positive indicators were identified for Foster Family Private Foundation Inc:
- Zero officer compensation: No officer compensation reported across all filings, indicating low executive overhead.
- Very low liabilities: Liabilities consistently reported as $1, suggesting strong financial management in terms of debt.
- Consistent filing history: 10 filings available, demonstrating transparency in reporting to the IRS.
Frequently Asked Questions about Foster Family Private Foundation Inc
Is Foster Family Private Foundation Inc a legitimate charity?
Foster Family Private Foundation Inc (EIN: 20709426) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $162K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Foster Family Private Foundation Inc spend its money?
Foster Family Private Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Foster Family Private Foundation Inc tax-deductible?
Foster Family Private Foundation Inc is registered as a tax-exempt nonprofit (EIN: 20709426). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Foster Family Private Foundation Inc's spending goes to programs?
Foster Family Private Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Foster Family Private Foundation Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Foster Family Private 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 Foster Family Private Foundation Inc located?
Foster Family Private Foundation Inc is headquartered in Wilmington, Delaware and files with the IRS under EIN 20709426. It is classified under NTEE code T20.
How many years of IRS 990 filings does Foster Family Private Foundation Inc have?
Foster Family Private 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 $162K in total revenue.
What is the specific breakdown of expenses (grants vs. administrative) for Foster Family Private Foundation Inc.?
The provided data only gives total expenses. A detailed breakdown is needed to understand the proportion of funds allocated to grants (programs) versus administrative overhead.
What is the long-term strategy for addressing the consistent deficit spending?
The foundation has consistently spent more than its revenue, leading to a decline in assets from $2,823,667 in 2013 to $1,892,490 in 2023. A strategy for financial sustainability is crucial.
How does the foundation ensure its grantmaking activities are effective and impactful?
As a grantmaking foundation, the effectiveness of its 'program' spending relies on the impact of the grants distributed. Information on grant recipients and outcomes would be beneficial.
Filing History
IRS 990 filing history for Foster Family Private Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Foster Family Private Foundation Inc's revenue has declined by 28.7%, moving from $111K to $79K. Total assets decreased by 24.4% over the same period, from $2.5M to $1.9M. Total functional expenses fell by 28.6%, from $126K to $90K. In its most recent filing year (2023), Foster Family Private Foundation Inc reported a deficit of $11K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $79K | $90K | $1.9M | $1 | — | View 990 |
| 2022 | $68K | $218K | $1.9M | $1 | — | View 990 |
| 2021 | $69K | $194K | $2.0M | $1 | — | View 990 |
| 2020 | $81K | $242K | $2.2M | $1 | — | — |
| 2019 | $55K | $293K | $2.3M | $1 | — | View 990 |
| 2015 | $132K | $178K | $2.8M | $1 | — | View 990 |
| 2014 | $155K | $170K | $2.8M | $1 | — | View 990 |
| 2013 | $472K | $168K | $2.8M | $1 | — | View 990 |
| 2012 | $162K | $147K | $2.5M | $1 | — | View 990 |
| 2011 | $111K | $126K | $2.5M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $79K, expenses of $90K, and assets of $1.9M (revenue +16.5% year-over-year).
- 2022: Revenue of $68K, expenses of $218K, and assets of $1.9M (revenue -1.5% year-over-year).
- 2021: Revenue of $69K, expenses of $194K, and assets of $2.0M (revenue -14.6% year-over-year).
- 2020: Revenue of $81K, expenses of $242K, and assets of $2.2M (revenue +47.1% year-over-year).
- 2019: Revenue of $55K, expenses of $293K, and assets of $2.3M (revenue -58.3% year-over-year).
- 2015: Revenue of $132K, expenses of $178K, and assets of $2.8M (revenue -15.0% year-over-year).
- 2014: Revenue of $155K, expenses of $170K, and assets of $2.8M (revenue -67.2% year-over-year).
- 2013: Revenue of $472K, expenses of $168K, and assets of $2.8M (revenue +192.2% year-over-year).
- 2012: Revenue of $162K, expenses of $147K, and assets of $2.5M (revenue +45.9% year-over-year).
- 2011: Revenue of $111K, expenses of $126K, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Foster Family Private Foundation Inc:
Data Sources and Methodology
This transparency report for Foster Family Private 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.