San Francisco Foundation
San Francisco Foundation maintains over $1.7 billion in assets with consistent 0% reported officer compensation.
EIN: 10679337 · San Francisco, CA · NTEE: T30 · Updated: 2026-03-28
Is San Francisco Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
San Francisco Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About San Francisco Foundation
San Francisco Foundation (EIN: 10679337) is a nonprofit organization based in San Francisco, CA, classified under NTEE code T30. The organization reported total revenue of $395.0M and total assets of $1.7B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of San Francisco Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
San Francisco Foundation is a major nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $159.3M |
| Total Expenses | $212.5M |
| Surplus / Deficit | $-53,159,026 |
| Total Assets | $1.7B |
| Total Liabilities | $109.4M |
| Net Assets | $1.6B |
| Operating Margin | -33.4% |
| Debt-to-Asset Ratio | 6.4% |
| Months of Reserves | 97.0 months |
Financial Health Grade: B
In 2023, San Francisco Foundation reported a deficit of $53.2M with expenses exceeding revenue, holds 97.0 months of operating reserves (strong position), has a debt-to-asset ratio of 6.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), San Francisco Foundation's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -46.4% | -21.3% | +5.1% |
| 2022 | -6.5% | +34.8% | -14.5% |
| 2021 | -6.8% | -21.2% | +25.0% |
| 2020 | +79.4% | +29.3% | +0.8% |
| 2019 | +8.9% | +9.0% | -0.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 San Francisco 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: 85%
- fundraising: 5%
According to IRS 990 filings, San Francisco Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $53.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.4%.
Executive Compensation Analysis
The consistent reporting of 0% for officer compensation across all available filings is highly unusual for an organization of this size and asset base ($1.7 billion). This either indicates that executive compensation is not categorized under 'officer compensation' in the provided data or that it is indeed extremely low, which would be a significant strength in terms of 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 San Francisco Foundation's IRS 990 filings:
- Lack of detailed functional expense breakdown in provided data makes precise spending efficiency analysis difficult.
- Unusually low (0%) reported officer compensation across all filings, requiring further clarification from full IRS 990s.
Strengths
The following positive indicators were identified for San Francisco Foundation:
- Strong and growing asset base, exceeding $1.7 billion in the latest period (202306).
- Consistent financial operations over a decade, indicating stability.
- Relatively low liabilities compared to total assets, suggesting good financial management.
- Significant revenue generation, with latest revenue at $395,011,998.
Frequently Asked Questions about San Francisco Foundation
Is San Francisco Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, San Francisco Foundation (EIN: 10679337) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does San Francisco Foundation spend its money?
San Francisco Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to San Francisco Foundation tax-deductible?
San Francisco Foundation is registered as a tax-exempt nonprofit (EIN: 10679337). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the San Francisco Foundation manage to report 0% officer compensation?
The consistent 0% reported for officer compensation across all filings is highly unusual for an organization of this scale. It suggests that executive compensation might be reported under different categories within the IRS 990, or that the provided data specifically excludes certain compensation types. Further investigation into the full IRS 990 forms would be needed to understand the complete compensation structure.
What is the trend in the organization's net assets?
The organization's assets have shown a strong upward trend over the past decade, growing from $1.31 billion in 201406 to $1.71 billion in 202306, indicating robust financial growth and stability.
Is the San Francisco Foundation financially stable?
Yes, with assets consistently over $1.3 billion and reaching $1.71 billion in the latest period (202306), the San Francisco Foundation demonstrates strong financial stability. Its liabilities are also a relatively small portion of its total assets, further reinforcing its stable position.
Filing History
IRS 990 filing history for San Francisco Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), San Francisco Foundation's revenue has grown by 48.4%, moving from $107.3M to $159.3M. Total assets increased by 57.9% over the same period, from $1.1B to $1.7B. Total functional expenses rose by 126.5%, from $93.8M to $212.5M. In its most recent filing year (2023), San Francisco Foundation reported a deficit of $53.2M, with expenses exceeding revenue. The organization holds $109.4M in liabilities against $1.7B in assets (debt-to-asset ratio: 6.4%), resulting in net assets of $1.6B.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $159.3M | $212.5M | $1.7B | $109.4M | — | — |
| 2022 | $297.4M | $270.1M | $1.6B | $91.6M | — | View 990 |
| 2021 | $318.2M | $200.3M | $1.9B | $96.5M | — | View 990 |
| 2020 | $341.5M | $254.3M | $1.5B | $82.4M | — | View 990 |
| 2019 | $190.3M | $196.6M | $1.5B | $61.6M | — | View 990 |
| 2018 | $174.8M | $180.4M | $1.5B | $61.7M | — | View 990 |
| 2017 | $153.3M | $167.7M | $1.4B | $55.1M | — | View 990 |
| 2016 | $196.5M | $151.9M | $1.3B | $43.1M | — | View 990 |
| 2015 | $238.9M | $141.0M | $1.4B | $56.9M | — | View 990 |
| 2014 | $172.1M | $109.5M | $1.3B | $40.1M | — | View 990 |
| 2013 | $137.2M | $101.6M | $1.2B | $34.6M | — | View 990 |
| 2012 | $95.5M | $101.6M | $1.1B | $25.3M | — | View 990 |
| 2011 | $107.3M | $93.8M | $1.1B | $22.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $159.3M, expenses of $212.5M, and assets of $1.7B (revenue -46.4% year-over-year).
- 2022: Revenue of $297.4M, expenses of $270.1M, and assets of $1.6B (revenue -6.5% year-over-year).
- 2021: Revenue of $318.2M, expenses of $200.3M, and assets of $1.9B (revenue -6.8% year-over-year).
- 2020: Revenue of $341.5M, expenses of $254.3M, and assets of $1.5B (revenue +79.4% year-over-year).
- 2019: Revenue of $190.3M, expenses of $196.6M, and assets of $1.5B (revenue +8.9% year-over-year).
- 2018: Revenue of $174.8M, expenses of $180.4M, and assets of $1.5B (revenue +14.0% year-over-year).
- 2017: Revenue of $153.3M, expenses of $167.7M, and assets of $1.4B (revenue -22.0% year-over-year).
- 2016: Revenue of $196.5M, expenses of $151.9M, and assets of $1.3B (revenue -17.7% year-over-year).
- 2015: Revenue of $238.9M, expenses of $141.0M, and assets of $1.4B (revenue +38.8% year-over-year).
- 2014: Revenue of $172.1M, expenses of $109.5M, and assets of $1.3B (revenue +25.4% year-over-year).
- 2013: Revenue of $137.2M, expenses of $101.6M, and assets of $1.2B (revenue +43.7% year-over-year).
- 2012: Revenue of $95.5M, expenses of $101.6M, and assets of $1.1B (revenue -11.0% year-over-year).
- 2011: Revenue of $107.3M, expenses of $93.8M, and assets of $1.1B.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for San Francisco Foundation:
Data Sources and Methodology
This transparency report for San Francisco 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.