Fox Family Charitable Foundation Inc
Fox Family Charitable Foundation consistently spends more than it earns, drawing down assets to fund grants.
EIN: 134197378 · Westport, CT · NTEE: T21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $411K |
| Total Expenses | $103K |
| Program Spending | 90% |
| Net Assets | $1.6M |
| Transparency Score | 75/100 |
Is Fox Family Charitable Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fox Family Charitable Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fox Family Charitable Foundation Inc
Fox Family Charitable Foundation Inc (EIN: 134197378) is a nonprofit organization based in Westport, CT, classified under NTEE code T21. The organization reported total revenue of $411K and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fox Family Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fox Family Charitable Foundation Inc is a small nonprofit that has been operating for 24 years, with 11 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $82K |
| Total Expenses | $103K |
| Surplus / Deficit | $-21,216 |
| Total Assets | $1.7M |
| Total Liabilities | $49K |
| Net Assets | $1.6M |
| Operating Margin | -26.0% |
| Debt-to-Asset Ratio | 2.9% |
| Months of Reserves | 198.1 months |
Financial Health Grade: B
In 2023, Fox Family Charitable Foundation Inc reported a deficit of $21K with expenses exceeding revenue, holds 198.1 months of operating reserves (strong position), has a debt-to-asset ratio of 2.9% (very low leverage).
Financial Trends
Over 11 years of filings (2010–2023), Fox Family Charitable Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.4% | +40.9% | +1.2% |
| 2022 | +43.8% | -37.5% | +0.1% |
| 2020 | -170.3% | +17.6% | -7.6% |
| 2019 | -34.3% | -33.0% | -5.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Fox Family Charitable 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: 90%
- fundraising: 0%
According to IRS 990 filings, Fox Family Charitable Foundation Inc 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 deficit of $21K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the foundation's leadership is either entirely volunteer-based or compensated through other means not reported as officer compensation, which is a positive for resource allocation.
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 Fox Family Charitable Foundation Inc's IRS 990 filings:
- Consistent deficit spending, with expenses regularly exceeding revenue, leading to asset depletion.
- Negative revenue reported in 2020 (-$46,788), indicating potential investment losses or significant returns of contributions.
Strengths
The following positive indicators were identified for Fox Family Charitable Foundation Inc:
- Zero officer compensation reported across all filings, indicating efficient use of funds for charitable purposes.
- Substantial asset base ($1,698,352 in 2023) provides a strong foundation for grantmaking.
- Low liabilities across most years, suggesting sound financial management and minimal debt.
Frequently Asked Questions about Fox Family Charitable Foundation Inc
Is Fox Family Charitable Foundation Inc a legitimate charity?
Fox Family Charitable Foundation Inc (EIN: 134197378) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 75/100. It has 11 years of IRS 990 filings on record. Total revenue: $411K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Fox Family Charitable Foundation Inc spend its money?
Fox Family Charitable Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Fox Family Charitable Foundation Inc tax-deductible?
Fox Family Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 134197378). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Fox Family Charitable Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Fox Family Charitable Foundation Inc is above average for NTEE category T21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Fox Family Charitable Foundation Inc located?
Fox Family Charitable Foundation Inc is headquartered in Westport, Connecticut and files with the IRS under EIN 134197378. It is classified under NTEE code T21.
How many years of IRS 990 filings does Fox Family Charitable Foundation Inc have?
Fox Family Charitable Foundation Inc has 11 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 $411K in total revenue.
What are the specific types of grants or causes the Fox Family Charitable Foundation supports?
The provided IRS 990 data does not detail the specific beneficiaries or types of grants made by the foundation. Further investigation into their public records or website would be needed to understand their programmatic focus.
Is the consistent deficit spending sustainable in the long term?
While the foundation has a substantial asset base of $1,698,352, consistent deficit spending, where expenses exceed revenue, will gradually deplete its endowment. The sustainability depends on future investment returns and potential new contributions to offset the draw-down.
How does the foundation manage its investment portfolio to generate revenue?
The provided data shows revenue fluctuations, including a negative revenue year in 2020 (-$46,788), suggesting reliance on investment income which can be volatile. Details on their investment strategy are not available in this summary.
Filing History
IRS 990 filing history for Fox Family Charitable Foundation Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2010–2023), Fox Family Charitable Foundation Inc's revenue has declined by 35.1%, moving from $126K to $82K. Total assets decreased by 17.1% over the same period, from $2.0M to $1.7M. Total functional expenses fell by 8.4%, from $112K to $103K. In its most recent filing year (2023), Fox Family Charitable Foundation Inc reported a deficit of $21K, with expenses exceeding revenue. The organization holds $49K in liabilities against $1.7M in assets (debt-to-asset ratio: 2.9%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $82K | $103K | $1.7M | $49K | — | — |
| 2022 | $69K | $73K | $1.7M | $9K | — | View 990 |
| 2021 | $48K | $117K | $1.7M | $3K | — | — |
| 2020 | $-46,788 | $92K | $1.7M | $1K | — | — |
| 2019 | $67K | $78K | $1.9M | $6K | — | View 990 |
| 2015 | $101K | $117K | $2.0M | $0 | — | View 990 |
| 2014 | $114K | $114K | $2.0M | $0 | — | View 990 |
| 2013 | $141K | $160K | $2.0M | $0 | — | View 990 |
| 2012 | $126K | $104K | $2.0M | $0 | — | View 990 |
| 2011 | $117K | $139K | $2.0M | $0 | — | View 990 |
| 2010 | $126K | $112K | $2.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $82K, expenses of $103K, and assets of $1.7M (revenue +18.4% year-over-year).
- 2022: Revenue of $69K, expenses of $73K, and assets of $1.7M (revenue +43.8% year-over-year).
- 2021: Revenue of $48K, expenses of $117K, and assets of $1.7M.
- 2020: Revenue of $-46,788, expenses of $92K, and assets of $1.7M (revenue -170.3% year-over-year).
- 2019: Revenue of $67K, expenses of $78K, and assets of $1.9M (revenue -34.3% year-over-year).
- 2015: Revenue of $101K, expenses of $117K, and assets of $2.0M (revenue -10.8% year-over-year).
- 2014: Revenue of $114K, expenses of $114K, and assets of $2.0M (revenue -19.7% year-over-year).
- 2013: Revenue of $141K, expenses of $160K, and assets of $2.0M (revenue +12.0% year-over-year).
- 2012: Revenue of $126K, expenses of $104K, and assets of $2.0M (revenue +7.9% year-over-year).
- 2011: Revenue of $117K, expenses of $139K, and assets of $2.0M (revenue -7.0% year-over-year).
- 2010: Revenue of $126K, expenses of $112K, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fox Family Charitable Foundation Inc:
Data Sources and Methodology
This transparency report for Fox Family Charitable 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.