Price Family Foundation Inc
Price Family Foundation experiences fluctuating revenues and assets, consistently reporting zero officer compensation.
EIN: 200253270 · Sarasota, FL · NTEE: T22 · Updated: 2026-03-28
Is Price Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Price Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Price Family Foundation Inc
Price Family Foundation Inc (EIN: 200253270) is a nonprofit organization based in Sarasota, FL, classified under NTEE code T22. The organization reported total revenue of $1.1M and total assets of $438K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Price Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Price Family Foundation Inc 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, Price Family Foundation Inc 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.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers are drawing salaries from the organization, which is highly favorable for donor perception and resource allocation.
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 Price Family Foundation Inc's IRS 990 filings:
- Significant year-over-year revenue and asset fluctuations, potentially indicating unpredictable funding sources.
- Expenses exceeding revenue in the most recent filing period (202212), leading to a deficit.
Strengths
The following positive indicators were identified for Price Family Foundation Inc:
- Consistent reporting of zero officer compensation, indicating efficient use of funds at the executive level.
- Low to no liabilities across all filing periods, suggesting a healthy balance sheet.
- Extensive filing history (9 filings) available for financial analysis, demonstrating transparency.
Frequently Asked Questions about Price Family Foundation Inc
Is Price Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Price Family Foundation Inc (EIN: 200253270) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Price Family Foundation Inc spend its money?
Price Family Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Price Family Foundation Inc tax-deductible?
Price Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200253270). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Price Family Foundation Inc. financially stable given its fluctuating revenue?
While the foundation has experienced significant revenue fluctuations, such as $2,386,696 in 202112 down to $801,113 in 202212, its consistent low liabilities ($1 or $0) and substantial assets ($786,458 in 202212) suggest a degree of stability, though long-term reliance on variable income streams could pose future challenges.
How does the zero officer compensation impact the organization's operations?
The consistent zero officer compensation across all filings indicates that executive leadership is likely unpaid, which significantly reduces administrative overhead and allows more funds to be directed towards the mission. This can be a strong positive for donor confidence but might also imply reliance on volunteer leadership or external support for executive functions.
What caused the significant drop in assets from $1,442,824 in 202112 to $786,458 in 202212?
The IRS 990 data alone does not specify the exact cause. It could be due to significant program expenditures exceeding revenue in 202212 (expenses of $995,939 vs. revenue of $801,113), investment losses, or a strategic decision to disburse a large portion of assets for programmatic purposes.
Filing History
IRS 990 filing history for Price Family Foundation Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2022), Price Family Foundation Inc's revenue has grown by 139.8%, moving from $334K to $801K. Total assets increased by 1863.6% over the same period, from $40K to $786K. Total functional expenses rose by 274.6%, from $266K to $996K. In its most recent filing year (2022), Price Family Foundation Inc reported a deficit of $195K, with expenses exceeding revenue. The organization holds $1 in liabilities against $786K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $786K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2022 | $801K | $996K | $786K | $1 | — | — |
| 2021 | $2.4M | $954K | $1.4M | $1 | — | View 990 |
| 2020 | $1.3M | $771K | $10K | $1 | — | View 990 |
| 2019 | $747K | $700K | $56K | $1 | — | View 990 |
| 2015 | $0 | $73 | $8K | $0 | — | View 990 |
| 2014 | $37K | $116K | $14K | $0 | — | View 990 |
| 2013 | $285K | $342K | $157K | $0 | — | View 990 |
| 2012 | $620K | $444K | $216K | $0 | — | View 990 |
| 2011 | $334K | $266K | $40K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $801K, expenses of $996K, and assets of $786K (revenue -66.4% year-over-year).
- 2021: Revenue of $2.4M, expenses of $954K, and assets of $1.4M (revenue +90.0% year-over-year).
- 2020: Revenue of $1.3M, expenses of $771K, and assets of $10K (revenue +68.3% year-over-year).
- 2019: Revenue of $747K, expenses of $700K, and assets of $56K.
- 2015: Revenue of $0, expenses of $73, and assets of $8K (revenue -100.0% year-over-year).
- 2014: Revenue of $37K, expenses of $116K, and assets of $14K (revenue -86.9% year-over-year).
- 2013: Revenue of $285K, expenses of $342K, and assets of $157K (revenue -54.0% year-over-year).
- 2012: Revenue of $620K, expenses of $444K, and assets of $216K (revenue +85.7% year-over-year).
- 2011: Revenue of $334K, expenses of $266K, and assets of $40K.
Data Sources and Methodology
This transparency report for Price Family Foundation Inc 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.