Primrose Foundation
Primrose Foundation consistently maintains low expenses and zero officer compensation, leading to strong asset growth.
EIN: 205861380 · Chicago, IL · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $94K |
| Program Spending | 90% |
| Net Assets | $1.7M |
| Transparency Score | 92/100 |
Is Primrose Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Primrose Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Primrose Foundation
Primrose Foundation (EIN: 205861380) is a nonprofit organization based in Chicago, IL, classified under NTEE code T20. The organization reported total revenue of $1.3M and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Primrose Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Primrose Foundation is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $281K |
| Total Expenses | $94K |
| Surplus / Deficit | +$187K |
| Total Assets | $1.7M |
| Total Liabilities | $1 |
| Net Assets | $1.7M |
| Operating Margin | 66.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 218.7 months |
Financial Health Grade: A
In 2023, Primrose Foundation reported a surplus of $187K with revenue exceeding expenses, holds 218.7 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), Primrose Foundation's revenue has grown at a compound annual growth rate (CAGR) of 3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +107.2% | +5.4% | +12.4% |
| 2022 | -49.3% | +4.1% | +3.4% |
| 2021 | +269.4% | +19.3% | +14.2% |
| 2020 | -57.6% | +3.6% | +0.0% |
| 2019 | +96.7% | +98.3% | +29.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Primrose Foundation with a Mission Score of 92 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, Primrose 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 surplus of $187K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating a volunteer-led organization or one where executive roles are not compensated, which significantly reduces administrative overhead.
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.
Strengths
The following positive indicators were identified for Primrose Foundation:
- Consistently low expenses relative to revenue (e.g., 2023 expenses $94,018 vs. revenue $280,662)
- Zero reported officer compensation across all filings, indicating high efficiency
- Strong and consistent asset growth from $670,026 in 2011 to $1,713,112 in 2023
- Minimal liabilities ($0 or $1) across all filing periods, indicating financial stability
- Consistent IRS 990 filing history demonstrating transparency
Frequently Asked Questions about Primrose Foundation
Is Primrose Foundation a legitimate charity?
Primrose Foundation (EIN: 205861380) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 92/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.3M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Primrose Foundation spend its money?
Primrose Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Primrose Foundation tax-deductible?
Primrose Foundation is registered as a tax-exempt nonprofit (EIN: 205861380). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Primrose Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Primrose Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Primrose Foundation located?
Primrose Foundation is headquartered in Chicago, Illinois and files with the IRS under EIN 205861380. It is classified under NTEE code T20.
How many years of IRS 990 filings does Primrose Foundation have?
Primrose 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 $1.3M in total revenue.
Is Primrose Foundation a good charity?
Based on the provided financial data, Primrose Foundation appears to be a very good charity. It demonstrates exceptional financial efficiency with consistently low expenses relative to revenue, zero officer compensation, and strong asset growth over time. This suggests a high proportion of funds are available for its mission.
How has Primrose Foundation's financial health changed over the past decade?
Primrose Foundation's financial health has significantly strengthened over the past decade. Its assets have grown from $670,026 in 2011 to $1,713,112 in 2023, and it has consistently maintained very low liabilities and expenses relative to its revenue.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, indicating that its executive leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is a strong indicator of fiscal conservatism.
Does Primrose Foundation have a high debt burden?
No, Primrose Foundation has a remarkably low debt burden, with reported liabilities consistently at $0 or $1 across all available filing periods, indicating excellent financial stability.
Filing History
IRS 990 filing history for Primrose Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Primrose Foundation's revenue has grown by 55.7%, moving from $180K to $281K. Total assets increased by 155.7% over the same period, from $670K to $1.7M. Total functional expenses rose by 184.3%, from $33K to $94K. In its most recent filing year (2023), Primrose Foundation reported a surplus of $187K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $281K | $94K | $1.7M | $1 | — | View 990 |
| 2022 | $135K | $89K | $1.5M | $1 | — | View 990 |
| 2021 | $267K | $86K | $1.5M | $1 | — | — |
| 2020 | $72K | $72K | $1.3M | $1 | — | — |
| 2019 | $171K | $69K | $1.3M | $0 | — | View 990 |
| 2015 | $87K | $35K | $996K | $0 | — | View 990 |
| 2014 | $146K | $31K | $947K | $0 | — | View 990 |
| 2013 | $116K | $32K | $832K | $0 | — | View 990 |
| 2012 | $112K | $31K | $748K | $0 | — | View 990 |
| 2011 | $180K | $33K | $670K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $281K, expenses of $94K, and assets of $1.7M (revenue +107.2% year-over-year).
- 2022: Revenue of $135K, expenses of $89K, and assets of $1.5M (revenue -49.3% year-over-year).
- 2021: Revenue of $267K, expenses of $86K, and assets of $1.5M (revenue +269.4% year-over-year).
- 2020: Revenue of $72K, expenses of $72K, and assets of $1.3M (revenue -57.6% year-over-year).
- 2019: Revenue of $171K, expenses of $69K, and assets of $1.3M (revenue +96.7% year-over-year).
- 2015: Revenue of $87K, expenses of $35K, and assets of $996K (revenue -40.6% year-over-year).
- 2014: Revenue of $146K, expenses of $31K, and assets of $947K (revenue +25.6% year-over-year).
- 2013: Revenue of $116K, expenses of $32K, and assets of $832K (revenue +3.9% year-over-year).
- 2012: Revenue of $112K, expenses of $31K, and assets of $748K (revenue -38.0% year-over-year).
- 2011: Revenue of $180K, expenses of $33K, and assets of $670K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Primrose Foundation:
Data Sources and Methodology
This transparency report for Primrose 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.