Fritz Family Foundation Inc
Fritz Family Foundation experiences significant asset decline amid volatile revenue and consistent operating deficits.
EIN: 205276035 · Potosi, WI · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $563K |
| Total Expenses | $448K |
| Program Spending | 80% |
| Net Assets | $4.4M |
| Transparency Score | 75/100 |
Is Fritz 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 →
Fritz Family Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fritz Family Foundation Inc
Fritz Family Foundation Inc (EIN: 205276035) is a nonprofit organization based in Potosi, WI, classified under NTEE code T20. The organization reported total revenue of $563K and total assets of $4.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fritz Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fritz Family Foundation Inc is a small nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $72K |
| Total Expenses | $448K |
| Surplus / Deficit | $-376,374 |
| Total Assets | $4.4M |
| Total Liabilities | $1 |
| Net Assets | $4.4M |
| Operating Margin | -523.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 117.2 months |
Financial Health Grade: B
In 2023, Fritz Family Foundation Inc reported a deficit of $376K with expenses exceeding revenue, holds 117.2 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), Fritz Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -100.8% | +4503.6% | -4.9% |
| 2021 | +31333.1% | -76.7% | +2466.9% |
| 2020 | +1229.2% | -3.0% | -10.0% |
| 2019 | -86.5% | +31.6% | +13.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Fritz 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Fritz Family Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $376K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Fritz Family Foundation consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly favorable for a nonprofit of its size and mission.
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 Fritz Family Foundation Inc's IRS 990 filings:
- Significant and consistent operating deficits in recent years (e.g., 2023 expenses $448,252 vs. revenue $71,878).
- Substantial decline in assets from $5,207,438 in 2021 to $4,377,426 in 2023.
- Highly volatile revenue, including a negative revenue figure of $-40,376 in 2022, which could indicate unpredictable funding sources or significant investment losses.
Strengths
The following positive indicators were identified for Fritz Family Foundation Inc:
- Zero officer compensation reported across all filings, indicating efficient use of funds for mission-related activities.
- Historically low liabilities, suggesting sound financial management regarding debt.
- Significant asset base of over $4 million, providing a buffer despite recent declines.
Frequently Asked Questions about Fritz Family Foundation Inc
Is Fritz Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Fritz Family Foundation Inc (EIN: 205276035) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Fritz Family Foundation Inc spend its money?
Fritz Family Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Fritz Family Foundation Inc tax-deductible?
Fritz Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205276035). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Fritz Family Foundation Inc's spending goes to programs?
Fritz Family Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Fritz Family Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Fritz 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 Fritz Family Foundation Inc located?
Fritz Family Foundation Inc is headquartered in Potosi, Wisconsin and files with the IRS under EIN 205276035. It is classified under NTEE code T20.
How many years of IRS 990 filings does Fritz Family Foundation Inc have?
Fritz 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 $563K in total revenue.
Is Fritz Family Foundation Inc. financially sustainable given recent deficits?
The foundation has experienced significant operating deficits in recent years, with expenses far exceeding revenue (e.g., $448,252 expenses vs. $71,878 revenue in 2023). This trend has led to a decrease in assets from $5,207,438 in 2021 to $4,377,426 in 2023, raising concerns about long-term sustainability if not addressed.
What caused the large revenue spike in 2021 and subsequent negative revenue in 2022?
The filings show a revenue of $5,013,575 in 2021, followed by negative revenue of $-40,376 in 2022. Without further detail from the 990 forms, it's difficult to pinpoint the exact cause, but such fluctuations often indicate large one-time donations, investment gains/losses, or significant asset sales/returns.
How does the foundation manage its liabilities?
The foundation consistently reports very low liabilities, often $1, across most filing periods, with a peak of $200,000 in 2022. This indicates a generally healthy balance sheet regarding debt.
Filing History
IRS 990 filing history for Fritz Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Fritz Family Foundation Inc's revenue has grown by 32.5%, moving from $54K to $72K. Total assets increased by 2820.1% over the same period, from $150K to $4.4M. Total functional expenses rose by 691.3%, from $57K to $448K. In its most recent filing year (2023), Fritz Family Foundation Inc reported a deficit of $376K, with expenses exceeding revenue. The organization holds $1 in liabilities against $4.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $72K | $448K | $4.4M | $1 | — | View 990 |
| 2022 | $-40,376 | $415K | $5.0M | $200K | — | View 990 |
| 2021 | $5.0M | $9K | $5.2M | $1 | — | View 990 |
| 2020 | $16K | $39K | $203K | $1 | — | View 990 |
| 2019 | $1K | $40K | $226K | $1 | — | View 990 |
| 2015 | $9K | $30K | $199K | $1 | — | View 990 |
| 2014 | $53K | $49K | $220K | $1 | — | View 990 |
| 2013 | $103K | $44K | $216K | $1 | — | View 990 |
| 2012 | $53K | $46K | $157K | $1 | — | View 990 |
| 2011 | $54K | $57K | $150K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $72K, expenses of $448K, and assets of $4.4M.
- 2022: Revenue of $-40,376, expenses of $415K, and assets of $5.0M (revenue -100.8% year-over-year).
- 2021: Revenue of $5.0M, expenses of $9K, and assets of $5.2M (revenue +31333.1% year-over-year).
- 2020: Revenue of $16K, expenses of $39K, and assets of $203K (revenue +1229.2% year-over-year).
- 2019: Revenue of $1K, expenses of $40K, and assets of $226K (revenue -86.5% year-over-year).
- 2015: Revenue of $9K, expenses of $30K, and assets of $199K (revenue -83.4% year-over-year).
- 2014: Revenue of $53K, expenses of $49K, and assets of $220K (revenue -48.2% year-over-year).
- 2013: Revenue of $103K, expenses of $44K, and assets of $216K (revenue +94.0% year-over-year).
- 2012: Revenue of $53K, expenses of $46K, and assets of $157K (revenue -2.0% year-over-year).
- 2011: Revenue of $54K, expenses of $57K, and assets of $150K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fritz Family Foundation Inc:
Data Sources and Methodology
This transparency report for Fritz 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.