Sachs Family Foundation
Sachs Family Foundation shows declining assets and recent negative revenue, operating without officer compensation.
EIN: 201991926 · Westport, CT · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $101K |
| Total Expenses | $80K |
| Program Spending | 90% |
| Net Assets | $668K |
| Transparency Score | 70/100 |
Is Sachs Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sachs Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sachs Family Foundation
Sachs Family Foundation (EIN: 201991926) is a nonprofit organization based in Westport, CT, classified under NTEE code T22. The organization reported total revenue of $101K and total assets of $616K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sachs Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sachs Family Foundation is a small nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -111.9% | -36.4% | -10.8% |
| 2021 | +31.0% | +31.0% | +6.9% |
| 2020 | +172.0% | -14.9% | +3.6% |
| 2019 | -72.2% | -41.1% | +4.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Sachs 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Sachs 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:
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the foundation's leadership operates on a volunteer basis or that compensation is not reported in a way that is visible in these filings, which is common for smaller private foundations.
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 Sachs Family Foundation's IRS 990 filings:
- Consistent decline in assets from $1,024,670 in 2012 to $668,353 in 2023.
- Negative revenue reported in 2023 ($-21,823) and 2022 ($-18,029), indicating potential financial instability or significant investment losses.
- Expenses frequently exceed revenue in multiple years (e.g., 2023, 2022, 2019, 2014, 2013, 2011).
Strengths
The following positive indicators were identified for Sachs Family Foundation:
- Zero officer compensation reported across all filings, indicating efficient use of funds for operations or programs.
- Consistently low liabilities ($1) across all periods, suggesting strong financial solvency regarding debt.
- Long filing history (10 filings) demonstrates consistent reporting and compliance.
Frequently Asked Questions about Sachs Family Foundation
Is Sachs Family Foundation a legitimate charity?
Sachs Family Foundation (EIN: 201991926) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $101K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Sachs Family Foundation spend its money?
Sachs Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Sachs Family Foundation tax-deductible?
Sachs Family Foundation is registered as a tax-exempt nonprofit (EIN: 201991926). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Sachs Family Foundation compare to similar nonprofits?
With a transparency score of 70/100 (Good), Sachs 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 Sachs Family Foundation located?
Sachs Family Foundation is headquartered in Westport, Connecticut and files with the IRS under EIN 201991926. It is classified under NTEE code T22.
How many years of IRS 990 filings does Sachs Family Foundation have?
Sachs 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 $101K in total revenue.
What is the source of the negative revenue reported in 2022 and 2023?
Negative revenue often indicates investment losses or significant returns of contributions, which warrants further investigation into the foundation's financial strategy.
How does the foundation sustain its operations with declining assets and negative revenue?
The foundation likely relies on its existing asset base to cover expenses, but this is not sustainable long-term without new funding or improved investment performance.
What are the specific program activities funded by the Sachs Family Foundation?
The NTEE code T22 suggests grantmaking for 'Philanthropy, Voluntarism, and Grantmaking Foundations', but specific program details are not available in this summary.
Filing History
IRS 990 filing history for Sachs Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Sachs Family Foundation's revenue has declined by 995.5%, moving from $2K to $-21,823. Total assets decreased by 22.4% over the same period, from $862K to $668K. Total functional expenses fell by 26.6%, from $109K to $80K. The organization holds $1 in liabilities against $668K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $668K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-21,823 | $80K | $668K | $1 | — | — |
| 2022 | $-18,029 | $60K | $771K | $1 | — | View 990 |
| 2021 | $152K | $95K | $864K | $1 | — | — |
| 2020 | $116K | $73K | $808K | $1 | — | — |
| 2019 | $43K | $85K | $780K | $1 | — | View 990 |
| 2015 | $153K | $145K | $748K | $1 | — | View 990 |
| 2014 | $48K | $175K | $826K | $1 | — | View 990 |
| 2013 | $49K | $120K | $953K | $1 | — | View 990 |
| 2012 | $277K | $114K | $1.0M | $1 | — | View 990 |
| 2011 | $2K | $109K | $862K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-21,823, expenses of $80K, and assets of $668K.
- 2022: Revenue of $-18,029, expenses of $60K, and assets of $771K (revenue -111.9% year-over-year).
- 2021: Revenue of $152K, expenses of $95K, and assets of $864K (revenue +31.0% year-over-year).
- 2020: Revenue of $116K, expenses of $73K, and assets of $808K (revenue +172.0% year-over-year).
- 2019: Revenue of $43K, expenses of $85K, and assets of $780K (revenue -72.2% year-over-year).
- 2015: Revenue of $153K, expenses of $145K, and assets of $748K (revenue +218.3% year-over-year).
- 2014: Revenue of $48K, expenses of $175K, and assets of $826K (revenue -1.6% year-over-year).
- 2013: Revenue of $49K, expenses of $120K, and assets of $953K (revenue -82.3% year-over-year).
- 2012: Revenue of $277K, expenses of $114K, and assets of $1.0M (revenue +11254.1% year-over-year).
- 2011: Revenue of $2K, expenses of $109K, and assets of $862K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sachs Family Foundation:
Data Sources and Methodology
This transparency report for Sachs 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.