Newsome Family Foundation
Newsome Family Foundation shows fluctuating revenue, consistent low liabilities, and zero reported officer compensation over a decade.
EIN: 200482177 · Birmingham, AL · NTEE: T22 · Updated: 2026-03-28
Is Newsome Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Newsome Family Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Newsome Family Foundation
Newsome Family Foundation (EIN: 200482177) is a nonprofit organization based in Birmingham, AL, classified under NTEE code T22. The organization reported total revenue of $1.1M and total assets of $653K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Newsome Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Newsome Family Foundation is a mid-size nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 35.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $36K |
| Total Expenses | $49K |
| Surplus / Deficit | $-13,473 |
| Total Assets | $190K |
| Total Liabilities | $1 |
| Net Assets | $190K |
| Operating Margin | -37.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 46.3 months |
Financial Health Grade: B
In 2023, Newsome Family Foundation reported a deficit of $13K with expenses exceeding revenue, holds 46.3 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), Newsome Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 35.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +48.7% | -36.1% | -6.6% |
| 2022 | -94.3% | -14.3% | -59.7% |
| 2021 | +6653.4% | +2521.6% | +193.6% |
| 2020 | -88.9% | +26.6% | +1.7% |
| 2019 | +4747.3% | +63.7% | +35.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Newsome Family Foundation with a Mission Score of 70 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, Newsome Family Foundation 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 $13K, 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 officers are either uncompensated or compensated through mechanisms not classified as officer compensation on the 990, which is highly unusual for an organization with over $1 million in latest revenue and growing assets.
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 Newsome Family Foundation's IRS 990 filings:
- Consistent expenses exceeding revenue in recent years (e.g., 2023 and 2022), indicating reliance on reserves.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes efficiency assessment difficult.
- Zero reported officer compensation for an organization with over $1 million in latest revenue and growing assets is unusual and warrants further investigation into how leadership is supported.
Strengths
The following positive indicators were identified for Newsome Family Foundation:
- Very low liabilities ($1 consistently reported) indicating strong financial health and minimal debt.
- Significant growth in assets over the decade, from $125,868 in 2011 to $190,074 in 2023, with a peak of $505,423 in 2021.
- Consistent filing of IRS Form 990s, demonstrating transparency in financial reporting.
- Zero reported officer compensation, which could imply a high dedication of funds to the mission or volunteer leadership.
Frequently Asked Questions about Newsome Family Foundation
Is Newsome Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Newsome Family Foundation (EIN: 200482177) some concerns. Mission Score: 70/100. 3 red flags identified, 4 strengths noted.
How does Newsome Family Foundation spend its money?
Newsome Family Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Newsome Family Foundation tax-deductible?
Newsome Family Foundation is registered as a tax-exempt nonprofit (EIN: 200482177). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Newsome Family Foundation a good charity?
The foundation demonstrates financial stability with growing assets and minimal liabilities. The consistent zero officer compensation is notable, suggesting a high dedication of resources to the mission or volunteer leadership. However, without a detailed breakdown of program spending versus administrative and fundraising costs, it's challenging to definitively assess its 'goodness' in terms of direct impact efficiency.
Why are expenses often higher than revenue in recent years?
In 2023, expenses were $49,303 while revenue was $35,830, and in 2022, expenses were $77,198 against revenue of $24,094. This suggests the foundation is drawing on its accumulated assets or prior year surpluses to cover current operational costs and grantmaking activities.
What caused the significant revenue spike in 2021?
The revenue jumped to $423,369 in 2021 from $6,269 in 2020. This substantial increase likely indicates a large donation, a significant investment return, or a major fundraising event during that period, which significantly boosted the organization's assets to $505,423.
Filing History
IRS 990 filing history for Newsome Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Newsome Family Foundation's revenue has grown by 3624.5%, moving from $962 to $36K. Total assets increased by 51% over the same period, from $126K to $190K. Total functional expenses rose by 804.6%, from $5K to $49K. In its most recent filing year (2023), Newsome Family Foundation reported a deficit of $13K, with expenses exceeding revenue. The organization holds $1 in liabilities against $190K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $190K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $36K | $49K | $190K | $1 | — | — |
| 2022 | $24K | $77K | $204K | $1 | — | View 990 |
| 2021 | $423K | $90K | $505K | $1 | — | View 990 |
| 2020 | $6K | $3K | $172K | $1 | — | — |
| 2019 | $57K | $3K | $169K | $1 | — | View 990 |
| 2015 | $1K | $2K | $125K | $1 | — | View 990 |
| 2014 | $987 | $975 | $126K | $1 | — | View 990 |
| 2013 | $989 | $975 | $126K | $1 | — | View 990 |
| 2012 | $987 | $975 | $126K | $1 | — | View 990 |
| 2011 | $962 | $5K | $126K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $36K, expenses of $49K, and assets of $190K (revenue +48.7% year-over-year).
- 2022: Revenue of $24K, expenses of $77K, and assets of $204K (revenue -94.3% year-over-year).
- 2021: Revenue of $423K, expenses of $90K, and assets of $505K (revenue +6653.4% year-over-year).
- 2020: Revenue of $6K, expenses of $3K, and assets of $172K (revenue -88.9% year-over-year).
- 2019: Revenue of $57K, expenses of $3K, and assets of $169K (revenue +4747.3% year-over-year).
- 2015: Revenue of $1K, expenses of $2K, and assets of $125K (revenue +18.5% year-over-year).
- 2014: Revenue of $987, expenses of $975, and assets of $126K (revenue -0.2% year-over-year).
- 2013: Revenue of $989, expenses of $975, and assets of $126K (revenue +0.2% year-over-year).
- 2012: Revenue of $987, expenses of $975, and assets of $126K (revenue +2.6% year-over-year).
- 2011: Revenue of $962, expenses of $5K, and assets of $126K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Newsome Family Foundation:
Data Sources and Methodology
This transparency report for Newsome 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.