Healey Family Private Foundation Inc
Healey Family Private Foundation faces significant asset depletion due to consistent negative revenue.
EIN: 202704279 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
Is Healey Family Private Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Healey Family Private Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Healey Family Private Foundation Inc
Healey Family Private Foundation Inc (EIN: 202704279) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $168K and total assets of $236K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Healey Family Private Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Healey Family Private Foundation Inc is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -950070.0% | -68.0% | -19.6% |
| 2021 | -77.8% | -0.2% | -5.3% |
| 2020 | -100.0% | +495.8% | -5.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Healey Family Private Foundation Inc with a Mission Score of 40 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Healey Family Private Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are not compensated, which is positive for resource allocation but does not mitigate the overall financial decline.
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 Healey Family Private Foundation Inc's IRS 990 filings:
- Consistent negative revenue in recent years (e.g., -$131,729 in 2023, -$94,997 in 2022).
- Significant decline in assets from $532,994 in 2021 to $235,850 in 2023.
- Expenses exceeding revenue in multiple periods, contributing to asset depletion.
- Lack of detailed expense breakdown to assess program efficiency.
Strengths
The following positive indicators were identified for Healey Family Private Foundation Inc:
- Consistent filing of IRS Form 990s, indicating transparency.
- No reported officer compensation, suggesting volunteer leadership or minimal administrative overhead in that area.
- Very low reported liabilities ($1 across all periods).
Frequently Asked Questions about Healey Family Private Foundation Inc
Is Healey Family Private Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Healey Family Private Foundation Inc (EIN: 202704279) significant concerns. Mission Score: 40/100. 4 red flags identified, 3 strengths noted.
How does Healey Family Private Foundation Inc spend its money?
Healey Family Private Foundation Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Healey Family Private Foundation Inc tax-deductible?
Healey Family Private Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202704279). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the primary cause of the consistent negative revenue reported by the foundation?
The filings consistently show negative revenue, such as -$131,729 in 2023 and -$94,997 in 2022, which needs further investigation to understand if it's due to investment losses, returns of contributions, or other factors.
How does the foundation plan to address the significant decline in assets from $532,994 in 2021 to $235,850 in 2023?
The rapid depletion of assets suggests an unsustainable financial model that requires a clear strategy for asset preservation and growth.
What are the specific program activities and their associated costs, given the reported expenses?
Without a detailed breakdown of expenses, it's challenging to determine how much of the $60,805 in 2023 expenses directly supports the foundation's mission.
Filing History
IRS 990 filing history for Healey Family Private Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Healey Family Private Foundation Inc's revenue has declined by 2515.3%, moving from $5K to $-131,729. Total assets increased by 17.9% over the same period, from $200K to $236K. Total functional expenses rose by 1009.6%, from $5K to $61K. The organization holds $1 in liabilities against $236K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $236K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-131,729 | $61K | $236K | $1 | — | — |
| 2022 | $-94,997 | $10K | $428K | $1 | — | — |
| 2021 | $10 | $30K | $533K | $1 | — | — |
| 2020 | $45 | $30K | $563K | $1 | — | — |
| 2019 | $136K | $5K | $593K | $1 | — | View 990 |
| 2015 | $-82,464 | $5K | $288K | $1 | — | View 990 |
| 2014 | $41 | $41K | $376K | $1 | — | View 990 |
| 2013 | $168K | $48K | $416K | $1 | — | View 990 |
| 2012 | $102K | $6K | $296K | $1 | — | View 990 |
| 2011 | $5K | $5K | $200K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-131,729, expenses of $61K, and assets of $236K.
- 2022: Revenue of $-94,997, expenses of $10K, and assets of $428K (revenue -950070.0% year-over-year).
- 2021: Revenue of $10, expenses of $30K, and assets of $533K (revenue -77.8% year-over-year).
- 2020: Revenue of $45, expenses of $30K, and assets of $563K (revenue -100.0% year-over-year).
- 2019: Revenue of $136K, expenses of $5K, and assets of $593K.
- 2015: Revenue of $-82,464, expenses of $5K, and assets of $288K (revenue -201231.7% year-over-year).
- 2014: Revenue of $41, expenses of $41K, and assets of $376K (revenue -100.0% year-over-year).
- 2013: Revenue of $168K, expenses of $48K, and assets of $416K (revenue +64.9% year-over-year).
- 2012: Revenue of $102K, expenses of $6K, and assets of $296K (revenue +1768.3% year-over-year).
- 2011: Revenue of $5K, expenses of $5K, and assets of $200K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Healey Family Private Foundation Inc:
Data Sources and Methodology
This transparency report for Healey 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.