Izant Family Foundation
Izant Family Foundation consistently spends more than it earns, drawing down assets over the past decade.
EIN: 201916094 · Simpsonville, SC · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $68K |
| Total Expenses | $23K |
| Program Spending | 80% |
| Net Assets | $284K |
| Transparency Score | 65/100 |
Is Izant Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Izant Family Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Izant Family Foundation
Izant Family Foundation (EIN: 201916094) is a nonprofit organization based in Simpsonville, SC, classified under NTEE code T20. The organization reported total revenue of $68K and total assets of $264K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Izant Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Izant Family Foundation is a micro nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 7.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $11K |
| Total Expenses | $23K |
| Surplus / Deficit | $-11,450 |
| Total Assets | $284K |
| Total Liabilities | $1 |
| Net Assets | $284K |
| Operating Margin | -101.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 149.9 months |
Financial Health Grade: B
In 2024, Izant Family Foundation reported a deficit of $11K with expenses exceeding revenue, holds 149.9 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 (2012–2024), Izant Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +9859.3% | -11.7% | -3.9% |
| 2023 | -99.5% | +25.9% | -8.0% |
| 2022 | +254.1% | -0.2% | +1.3% |
| 2021 | -62.7% | +-0.0% | -4.1% |
| 2020 | -2.1% | +187.6% | -1.6% |
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 Izant Family Foundation 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: 20%
- programs: 80%
- fundraising: 0%
According to IRS 990 filings, Izant Family Foundation allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
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 consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is a positive for a small foundation of this size.
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 Izant Family Foundation's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) in most periods, e.g., 202406 expenses $22,704 vs. revenue $11,254.
- Declining asset base over time, from $351,969 in 2012 to $283,532 in 2024, indicating a draw-down of capital.
Strengths
The following positive indicators were identified for Izant Family Foundation:
- Consistent 0% officer compensation, indicating no executive salaries are paid.
- Consistent filing of IRS Form 990, demonstrating basic transparency and compliance.
- Minimal liabilities ($1 across all filings), suggesting a healthy balance sheet free of significant debt.
Frequently Asked Questions about Izant Family Foundation
Is Izant Family Foundation a legitimate charity?
Izant Family Foundation (EIN: 201916094) is a registered tax-exempt nonprofit based in South Carolina. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $68K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Izant Family Foundation spend its money?
Izant Family Foundation directs 80% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Izant Family Foundation tax-deductible?
Izant Family Foundation is registered as a tax-exempt nonprofit (EIN: 201916094). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Izant Family Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Izant Family Foundation 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 Izant Family Foundation located?
Izant Family Foundation is headquartered in Simpsonville, South Carolina and files with the IRS under EIN 201916094. It is classified under NTEE code T20.
How many years of IRS 990 filings does Izant Family Foundation have?
Izant Family Foundation 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 $68K in total revenue.
Is the Izant Family Foundation financially sustainable?
Based on the provided data, the foundation's expenses have frequently exceeded its revenue, leading to a decline in assets from $351,969 in 2012 to $283,532 in 2024. This trend suggests it is not financially sustainable in the long term without significant new contributions or a change in spending patterns.
What is the primary purpose of the Izant Family Foundation?
Given its NTEE code T20 (Private Grantmaking Foundations) and the financial patterns, its primary purpose is likely to make grants to other organizations or individuals, funded by its endowment.
How does the foundation manage its administrative costs?
The consistent 0% officer compensation suggests very low administrative overhead related to executive salaries. Without full 990 details, other administrative costs are not explicitly detailed, but this indicates a lean approach to leadership compensation.
Filing History
IRS 990 filing history for Izant Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Izant Family Foundation's revenue has grown by 137.3%, moving from $5K to $11K. Total assets decreased by 19.4% over the same period, from $352K to $284K. Total functional expenses rose by 18.7%, from $19K to $23K. In its most recent filing year (2024), Izant Family Foundation reported a deficit of $11K, with expenses exceeding revenue. The organization holds $1 in liabilities against $284K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $284K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $11K | $23K | $284K | $1 | — | — |
| 2023 | $113 | $26K | $295K | $1 | — | View 990 |
| 2022 | $25K | $20K | $321K | $1 | — | — |
| 2021 | $7K | $20K | $316K | $1 | — | — |
| 2020 | $19K | $20K | $330K | $1 | — | View 990 |
| 2016 | $19K | $7K | $335K | $1 | — | View 990 |
| 2015 | $38K | $52K | $324K | $1 | — | View 990 |
| 2014 | $19K | $26K | $337K | $1 | — | View 990 |
| 2013 | $21K | $18K | $344K | $1 | — | View 990 |
| 2012 | $5K | $19K | $352K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $11K, expenses of $23K, and assets of $284K (revenue +9859.3% year-over-year).
- 2023: Revenue of $113, expenses of $26K, and assets of $295K (revenue -99.5% year-over-year).
- 2022: Revenue of $25K, expenses of $20K, and assets of $321K (revenue +254.1% year-over-year).
- 2021: Revenue of $7K, expenses of $20K, and assets of $316K (revenue -62.7% year-over-year).
- 2020: Revenue of $19K, expenses of $20K, and assets of $330K (revenue -2.1% year-over-year).
- 2016: Revenue of $19K, expenses of $7K, and assets of $335K (revenue -50.5% year-over-year).
- 2015: Revenue of $38K, expenses of $52K, and assets of $324K (revenue +103.6% year-over-year).
- 2014: Revenue of $19K, expenses of $26K, and assets of $337K (revenue -8.7% year-over-year).
- 2013: Revenue of $21K, expenses of $18K, and assets of $344K (revenue +335.1% year-over-year).
- 2012: Revenue of $5K, expenses of $19K, and assets of $352K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Izant Family Foundation:
Data Sources and Methodology
This transparency report for Izant 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.