Mackenzie Family Foundation
Mackenzie Family Foundation consistently disburses significant funds while maintaining a robust asset base.
EIN: 205700615 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
Is Mackenzie Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mackenzie Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mackenzie Family Foundation
Mackenzie Family Foundation (EIN: 205700615) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $9.3M and total assets of $56.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mackenzie Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mackenzie Family Foundation is a mid-size 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 -0.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $5.2M |
| Surplus / Deficit | $-3,788,994 |
| Total Assets | $53.0M |
| Total Liabilities | $1 |
| Net Assets | $53.0M |
| Operating Margin | -273.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 122.9 months |
Financial Health Grade: B
In 2023, Mackenzie Family Foundation reported a deficit of $3.8M with expenses exceeding revenue, holds 122.9 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 (2011–2023), Mackenzie Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -37.7% | -9.0% | -6.7% |
| 2022 | -69.3% | +25.8% | -5.7% |
| 2021 | -12.6% | +60.6% | +4.8% |
| 2020 | +481.8% | +31.2% | +10.6% |
| 2019 | -67.2% | -28.6% | +45.4% |
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 Mackenzie Family Foundation with a Mission Score of 85 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Mackenzie Family Foundation allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 $3.8M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting that leadership either serves without direct compensation from the foundation or is compensated through an affiliated entity, which is a positive indicator for minimizing overhead costs.
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 Mackenzie Family Foundation's IRS 990 filings:
- Lack of detailed functional expense breakdown in summary data prevents precise efficiency analysis.
Strengths
The following positive indicators were identified for Mackenzie Family Foundation:
- Strong and growing asset base, reaching $52,998,911 in 2023.
- Consistent history of significant grantmaking, often exceeding annual revenue.
- Minimal to zero liabilities, indicating excellent financial health.
- No reported officer compensation, suggesting efficient leadership costs.
- Long and consistent filing history, demonstrating transparency over time.
Frequently Asked Questions about Mackenzie Family Foundation
Is Mackenzie Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Mackenzie Family Foundation (EIN: 205700615) some concerns. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
How does Mackenzie Family Foundation spend its money?
Mackenzie Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mackenzie Family Foundation tax-deductible?
Mackenzie Family Foundation is registered as a tax-exempt nonprofit (EIN: 205700615). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Mackenzie Family Foundation financially stable?
Yes, the foundation is highly financially stable, with assets consistently in the tens of millions, reaching $52,998,911 in 2023, and minimal to no liabilities across all reported periods.
How much of its revenue does the foundation spend on its mission?
The foundation frequently spends more than its annual revenue on its mission, indicating a draw from its substantial asset base. For example, in 2023, expenses were $5,175,439 against revenue of $1,386,445.
Does the foundation have high administrative costs?
Based on the reported 0% officer compensation and the nature of a private foundation, administrative costs are likely low, with the majority of expenses being direct grants. A precise breakdown is not available in the provided summary.
Filing History
IRS 990 filing history for Mackenzie Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Mackenzie Family Foundation's revenue has declined by 1%, moving from $1.4M to $1.4M. Total assets increased by 149.5% over the same period, from $21.2M to $53.0M. Total functional expenses rose by 188.6%, from $1.8M to $5.2M. In its most recent filing year (2023), Mackenzie Family Foundation reported a deficit of $3.8M, with expenses exceeding revenue. The organization holds $1 in liabilities against $53.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $53.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $5.2M | $53.0M | $1 | — | View 990 |
| 2022 | $2.2M | $5.7M | $56.8M | $1 | — | View 990 |
| 2021 | $7.3M | $4.5M | $60.2M | $1 | — | View 990 |
| 2020 | $8.3M | $2.8M | $57.5M | $1 | — | View 990 |
| 2019 | $1.4M | $2.1M | $52.0M | $0 | — | View 990 |
| 2015 | $4.4M | $3.0M | $35.8M | $0 | — | View 990 |
| 2014 | $4.7M | $1.9M | $34.4M | $0 | — | View 990 |
| 2013 | $6.5M | $1.4M | $31.6M | $0 | — | View 990 |
| 2012 | $6.4M | $1.3M | $26.4M | $0 | — | View 990 |
| 2011 | $1.4M | $1.8M | $21.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $5.2M, and assets of $53.0M (revenue -37.7% year-over-year).
- 2022: Revenue of $2.2M, expenses of $5.7M, and assets of $56.8M (revenue -69.3% year-over-year).
- 2021: Revenue of $7.3M, expenses of $4.5M, and assets of $60.2M (revenue -12.6% year-over-year).
- 2020: Revenue of $8.3M, expenses of $2.8M, and assets of $57.5M (revenue +481.8% year-over-year).
- 2019: Revenue of $1.4M, expenses of $2.1M, and assets of $52.0M (revenue -67.2% year-over-year).
- 2015: Revenue of $4.4M, expenses of $3.0M, and assets of $35.8M (revenue -7.9% year-over-year).
- 2014: Revenue of $4.7M, expenses of $1.9M, and assets of $34.4M (revenue -27.4% year-over-year).
- 2013: Revenue of $6.5M, expenses of $1.4M, and assets of $31.6M (revenue +1.6% year-over-year).
- 2012: Revenue of $6.4M, expenses of $1.3M, and assets of $26.4M (revenue +358.6% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.8M, and assets of $21.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mackenzie Family Foundation:
Data Sources and Methodology
This transparency report for Mackenzie 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.