Perloff Family Foundation
Perloff Family Foundation consistently spends more than its annual revenue, drawing down assets while maintaining zero executive compensation.
EIN: 208038029 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $368K |
| Program Spending | 90% |
| Net Assets | $581K |
| Transparency Score | 85/100 |
Is Perloff Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Perloff Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Perloff Family Foundation
Perloff Family Foundation (EIN: 208038029) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $1.6M and total assets of $901K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Perloff Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Perloff Family Foundation is a mid-size nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $25K |
| Total Expenses | $368K |
| Surplus / Deficit | $-343,756 |
| Total Assets | $581K |
| Total Liabilities | $1 |
| Net Assets | $581K |
| Operating Margin | -1400.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 18.9 months |
Financial Health Grade: B
In 2023, Perloff Family Foundation reported a deficit of $344K with expenses exceeding revenue, holds 18.9 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), Perloff Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -55.4% | +309.1% | -37.2% |
| 2022 | -45.3% | -15.3% | -3.6% |
| 2021 | +136.8% | +31.6% | -0.6% |
| 2020 | -26.5% | +105.7% | -3.8% |
| 2019 | +7.8% | -1.2% | +3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Perloff 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Perloff 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 $344K, 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 highly efficient for an organization of its size and mission.
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 Perloff Family Foundation's IRS 990 filings:
- Consistent deficit spending where expenses significantly exceed revenue, particularly in 2023 ($368,306 expenses vs. $24,550 revenue), which could indicate a rapid draw-down of assets if not managed by substantial investment gains not reflected in 'revenue'.
Strengths
The following positive indicators were identified for Perloff Family Foundation:
- Zero executive compensation reported across all filings, indicating high efficiency in directing funds to mission.
- Consistent asset base, generally stable around $900,000 to $1,000,000 over the past decade.
- Very low liabilities ($1 consistently reported), indicating a healthy balance sheet with minimal debt.
- Strong transparency through consistent IRS 990 filings.
Frequently Asked Questions about Perloff Family Foundation
Is Perloff Family Foundation a legitimate charity?
Perloff Family Foundation (EIN: 208038029) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.6M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Perloff Family Foundation spend its money?
Perloff Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Perloff Family Foundation tax-deductible?
Perloff Family Foundation is registered as a tax-exempt nonprofit (EIN: 208038029). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Perloff Family Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Perloff Family Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Perloff Family Foundation located?
Perloff Family Foundation is headquartered in Wilmington, Delaware and files with the IRS under EIN 208038029. It is classified under NTEE code T22.
How many years of IRS 990 filings does Perloff Family Foundation have?
Perloff 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 $1.6M in total revenue.
How does the Perloff Family Foundation sustain its operations given that expenses frequently exceed revenue, such as $368,306 in expenses against $24,550 in revenue in 2023?
As a private foundation, it likely sustains operations and grantmaking through investment returns on its endowment and by drawing down its principal, rather than solely relying on annual contributions.
What is the specific breakdown of the $368,306 in expenses reported in 2023?
Without access to the detailed Schedule O or Part IX of the 2023 990, it's difficult to ascertain the exact allocation, but given its nature as a private foundation, a significant portion is likely grants paid.
Does the foundation engage in any fundraising activities?
Given the NTEE code T22 (Private Grantmaking Foundations) and the consistent low revenue figures, it's unlikely to engage in public fundraising. Its revenue primarily comes from investment income or contributions from its founding family/entity.
Filing History
IRS 990 filing history for Perloff Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Perloff Family Foundation's revenue has declined by 45.4%, moving from $45K to $25K. Total assets decreased by 40.2% over the same period, from $970K to $581K. Total functional expenses rose by 864.3%, from $38K to $368K. In its most recent filing year (2023), Perloff Family Foundation reported a deficit of $344K, with expenses exceeding revenue. The organization holds $1 in liabilities against $581K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $581K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $25K | $368K | $581K | $1 | — | View 990 |
| 2022 | $55K | $90K | $924K | $1 | — | View 990 |
| 2021 | $101K | $106K | $959K | $1 | — | — |
| 2020 | $42K | $81K | $965K | $1 | — | View 990 |
| 2019 | $58K | $39K | $1.0M | $1 | — | View 990 |
| 2015 | $54K | $40K | $967K | $1 | — | View 990 |
| 2014 | $86K | $52K | $953K | $1 | — | View 990 |
| 2013 | $46K | $135K | $918K | $1 | — | View 990 |
| 2012 | $95K | $58K | $1.0M | $1 | — | View 990 |
| 2011 | $45K | $38K | $970K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $25K, expenses of $368K, and assets of $581K (revenue -55.4% year-over-year).
- 2022: Revenue of $55K, expenses of $90K, and assets of $924K (revenue -45.3% year-over-year).
- 2021: Revenue of $101K, expenses of $106K, and assets of $959K (revenue +136.8% year-over-year).
- 2020: Revenue of $42K, expenses of $81K, and assets of $965K (revenue -26.5% year-over-year).
- 2019: Revenue of $58K, expenses of $39K, and assets of $1.0M (revenue +7.8% year-over-year).
- 2015: Revenue of $54K, expenses of $40K, and assets of $967K (revenue -37.9% year-over-year).
- 2014: Revenue of $86K, expenses of $52K, and assets of $953K (revenue +85.9% year-over-year).
- 2013: Revenue of $46K, expenses of $135K, and assets of $918K (revenue -51.1% year-over-year).
- 2012: Revenue of $95K, expenses of $58K, and assets of $1.0M (revenue +111.3% year-over-year).
- 2011: Revenue of $45K, expenses of $38K, and assets of $970K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Perloff Family Foundation:
Data Sources and Methodology
This transparency report for Perloff 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.