Ping And Amy Chao Family Foundation
Ping And Amy Chao Family Foundation consistently spends more than it earns, drawing down assets.
EIN: 206750125 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $1.5M |
| Program Spending | 90% |
| Net Assets | $3.7M |
| Transparency Score | 70/100 |
Is Ping And Amy Chao Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ping And Amy Chao Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ping And Amy Chao Family Foundation
Ping And Amy Chao Family Foundation (EIN: 206750125) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $1.5M and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ping And Amy Chao Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ping And Amy Chao 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 -9.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $162K |
| Total Expenses | $1.5M |
| Surplus / Deficit | $-1,313,539 |
| Total Assets | $3.7M |
| Total Liabilities | $1 |
| Net Assets | $3.7M |
| Operating Margin | -811.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 30.0 months |
Financial Health Grade: B
In 2023, Ping And Amy Chao Family Foundation reported a deficit of $1.3M with expenses exceeding revenue, holds 30.0 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), Ping And Amy Chao Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -9.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -57.3% | +3.6% | -26.2% |
| 2022 | -26.0% | -58.6% | -17.3% |
| 2021 | -89.8% | +139.8% | -32.6% |
| 2020 | +1479.1% | -3.1% | +66.9% |
| 2019 | -20.5% | +179.3% | -34.9% |
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 Ping And Amy Chao 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Ping And Amy Chao Family Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 $1.3M, 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 officers receive salaries from the foundation, which is a strong positive for resource allocation and transparency.
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 Ping And Amy Chao Family Foundation's IRS 990 filings:
- Consistent deficit spending, with expenses significantly exceeding revenue in most years (e.g., $1.47M expenses vs. $0.16M revenue in 2023).
- Significant decline in assets over time, from $9.65M in 2011 to $3.69M in 2023, indicating asset depletion.
Strengths
The following positive indicators were identified for Ping And Amy Chao Family Foundation:
- Zero officer compensation reported across all filings, indicating strong financial stewardship and focus on mission.
- Minimal liabilities reported consistently ($1 in most recent years), suggesting sound financial management of debts.
- Consistent filing history (10 filings), indicating good transparency and compliance with IRS requirements.
Frequently Asked Questions about Ping And Amy Chao Family Foundation
Is Ping And Amy Chao Family Foundation a legitimate charity?
Ping And Amy Chao Family Foundation (EIN: 206750125) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.5M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Ping And Amy Chao Family Foundation spend its money?
Ping And Amy Chao Family Foundation directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Ping And Amy Chao Family Foundation tax-deductible?
Ping And Amy Chao Family Foundation is registered as a tax-exempt nonprofit (EIN: 206750125). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Ping And Amy Chao Family Foundation's spending goes to programs?
Ping And Amy Chao Family Foundation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ping And Amy Chao Family Foundation compare to similar nonprofits?
With a transparency score of 70/100 (Good), Ping And Amy Chao 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 Ping And Amy Chao Family Foundation located?
Ping And Amy Chao Family Foundation is headquartered in Wilmington, Delaware and files with the IRS under EIN 206750125. It is classified under NTEE code T22.
How many years of IRS 990 filings does Ping And Amy Chao Family Foundation have?
Ping And Amy Chao 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 $1.5M in total revenue.
Is the Ping And Amy Chao Family Foundation a good charity?
The foundation exhibits strong financial transparency regarding executive compensation and minimal liabilities. However, its consistent deficit spending, with expenses significantly exceeding revenue in most recent years (e.g., $161,882 revenue vs. $1,475,421 expenses in 2023), suggests it operates by drawing down its asset base. This model can be sustainable for a private foundation with a clear spend-down strategy, but without further context on its program impact and long-term financial plan, it's difficult to fully assess its 'goodness' as a charity in terms of perpetual operation.
What is the long-term financial strategy given the consistent asset depletion?
The foundation's assets have decreased from $9,653,488 in 2011 to $3,689,091 in 2023. This consistent decline, driven by expenses often exceeding revenue by over $1 million annually (e.g., $1.47M expenses vs. $0.16M revenue in 2023), suggests either a deliberate spend-down strategy or an unsustainable financial model. Further information would be needed to understand the foundation's long-term financial plan.
How does the foundation fund its operations?
The foundation primarily funds its operations and grantmaking through its existing asset base, as evidenced by expenses consistently exceeding revenue in most recent years. For instance, in 2022, revenue was $378,946 while expenses were $1,423,649, indicating a reliance on its endowment or accumulated funds rather than annual income generation.
Filing History
IRS 990 filing history for Ping And Amy Chao Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Ping And Amy Chao Family Foundation's revenue has declined by 69.9%, moving from $538K to $162K. Total assets decreased by 61.8% over the same period, from $9.7M to $3.7M. Total functional expenses rose by 27.4%, from $1.2M to $1.5M. In its most recent filing year (2023), Ping And Amy Chao Family Foundation reported a deficit of $1.3M, with expenses exceeding revenue. The organization holds $1 in liabilities against $3.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $162K | $1.5M | $3.7M | $1 | — | View 990 |
| 2022 | $379K | $1.4M | $5.0M | $1 | — | View 990 |
| 2021 | $512K | $3.4M | $6.0M | $1 | — | View 990 |
| 2020 | $5.0M | $1.4M | $9.0M | $1 | — | View 990 |
| 2019 | $319K | $1.5M | $5.4M | $1 | — | — |
| 2015 | $401K | $530K | $8.3M | $1 | — | View 990 |
| 2014 | $913K | $1.1M | $8.4M | $1 | — | View 990 |
| 2013 | $528K | $971K | $8.6M | $1 | — | View 990 |
| 2012 | $302K | $946K | $9.0M | $1 | — | View 990 |
| 2011 | $538K | $1.2M | $9.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $162K, expenses of $1.5M, and assets of $3.7M (revenue -57.3% year-over-year).
- 2022: Revenue of $379K, expenses of $1.4M, and assets of $5.0M (revenue -26.0% year-over-year).
- 2021: Revenue of $512K, expenses of $3.4M, and assets of $6.0M (revenue -89.8% year-over-year).
- 2020: Revenue of $5.0M, expenses of $1.4M, and assets of $9.0M (revenue +1479.1% year-over-year).
- 2019: Revenue of $319K, expenses of $1.5M, and assets of $5.4M (revenue -20.5% year-over-year).
- 2015: Revenue of $401K, expenses of $530K, and assets of $8.3M (revenue -56.1% year-over-year).
- 2014: Revenue of $913K, expenses of $1.1M, and assets of $8.4M (revenue +73.1% year-over-year).
- 2013: Revenue of $528K, expenses of $971K, and assets of $8.6M (revenue +74.4% year-over-year).
- 2012: Revenue of $302K, expenses of $946K, and assets of $9.0M (revenue -43.8% year-over-year).
- 2011: Revenue of $538K, expenses of $1.2M, and assets of $9.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ping And Amy Chao Family Foundation:
Data Sources and Methodology
This transparency report for Ping And Amy Chao 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.