George Family Foundation
George Family Foundation maintains stable assets despite fluctuating revenue and no officer compensation.
EIN: 203917770 · Springdale, AR · NTEE: T21 · Updated: 2026-03-28
Is George Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
George Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About George Family Foundation
George Family Foundation (EIN: 203917770) is a nonprofit organization based in Springdale, AR, classified under NTEE code T21. The organization reported total revenue of $28K and total assets of $644K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of George Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
George Family Foundation is a micro 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 4.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $25K |
| Total Expenses | $32K |
| Surplus / Deficit | $-6,236 |
| Total Assets | $667K |
| Total Liabilities | $1 |
| Net Assets | $667K |
| Operating Margin | -24.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 253.5 months |
Financial Health Grade: B
In 2023, George Family Foundation reported a deficit of $6K with expenses exceeding revenue, holds 253.5 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), George Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -76.3% | -67.7% | -0.9% |
| 2022 | -46.3% | -43.2% | +1.9% |
| 2021 | +113.5% | +162.2% | +4.2% |
| 2020 | +309.9% | +648.8% | +1.6% |
| 2019 | +8.5% | -60.1% | -8.6% |
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 George Family Foundation with a Mission Score of 92 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, George 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $6K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly efficient for an organization of its size with assets over $600,000.
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 George Family Foundation's IRS 990 filings:
- Expenses exceeded revenue in the latest 2023 filing ($31,586 vs. $25,350), which could be a concern if it becomes a sustained trend.
Strengths
The following positive indicators were identified for George Family Foundation:
- Consistent reporting of 0% officer compensation, indicating high efficiency and direct use of funds for mission.
- Maintains a strong and stable asset base, consistently above $600,000, providing long-term financial security.
- Minimal liabilities reported across all filings, demonstrating sound financial management and low debt.
- Clear and consistent IRS 990 filing history, indicating good transparency.
Frequently Asked Questions about George Family Foundation
Is George Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, George Family Foundation (EIN: 203917770) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does George Family Foundation spend its money?
George Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to George Family Foundation tax-deductible?
George Family Foundation is registered as a tax-exempt nonprofit (EIN: 203917770). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the George Family Foundation financially stable?
Yes, the foundation appears financially stable, consistently maintaining assets above $600,000, reaching $667,356 in 2023, and reporting minimal liabilities.
Does the George Family Foundation pay its officers?
No, the George Family Foundation has consistently reported 0% officer compensation in all available IRS 990 filings.
What is the trend in the foundation's revenue?
The foundation's revenue has been highly volatile, ranging from $14,442 in 2011 to $199,377 in 2021, with the latest reported revenue at $25,350 in 2023.
Are the foundation's expenses under control?
Generally, yes. While expenses exceeded revenue in 2023 ($31,586 vs. $25,350), the foundation has a history of managing expenses relative to its asset base, and the absence of officer compensation suggests efficient spending.
Filing History
IRS 990 filing history for George Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), George Family Foundation's revenue has grown by 75.5%, moving from $14K to $25K. Total assets decreased by 2.2% over the same period, from $683K to $667K. Total functional expenses fell by 10.4%, from $35K to $32K. In its most recent filing year (2023), George Family Foundation reported a deficit of $6K, with expenses exceeding revenue. The organization holds $1 in liabilities against $667K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $667K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $25K | $32K | $667K | $1 | — | View 990 |
| 2022 | $107K | $98K | $674K | $1 | — | View 990 |
| 2021 | $199K | $172K | $661K | $1 | — | — |
| 2020 | $93K | $66K | $635K | $1 | — | — |
| 2019 | $23K | $9K | $624K | $0 | — | View 990 |
| 2015 | $21K | $22K | $683K | $0 | — | View 990 |
| 2014 | $21K | $15K | $684K | $0 | — | View 990 |
| 2013 | $16K | $100K | $679K | $0 | — | View 990 |
| 2012 | $119K | $38K | $763K | $0 | — | View 990 |
| 2011 | $14K | $35K | $683K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $25K, expenses of $32K, and assets of $667K (revenue -76.3% year-over-year).
- 2022: Revenue of $107K, expenses of $98K, and assets of $674K (revenue -46.3% year-over-year).
- 2021: Revenue of $199K, expenses of $172K, and assets of $661K (revenue +113.5% year-over-year).
- 2020: Revenue of $93K, expenses of $66K, and assets of $635K (revenue +309.9% year-over-year).
- 2019: Revenue of $23K, expenses of $9K, and assets of $624K (revenue +8.5% year-over-year).
- 2015: Revenue of $21K, expenses of $22K, and assets of $683K (revenue +2.1% year-over-year).
- 2014: Revenue of $21K, expenses of $15K, and assets of $684K (revenue +32.4% year-over-year).
- 2013: Revenue of $16K, expenses of $100K, and assets of $679K (revenue -87.0% year-over-year).
- 2012: Revenue of $119K, expenses of $38K, and assets of $763K (revenue +725.1% year-over-year).
- 2011: Revenue of $14K, expenses of $35K, and assets of $683K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for George Family Foundation:
Data Sources and Methodology
This transparency report for George 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.