Shannon Fam Charitable Foundation Tr
Shannon Fam Charitable Foundation Tr consistently spends more than it earns, drawing down assets.
EIN: 206669463 · Cincinnati, OH · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $376K |
| Program Spending | 80% |
| Net Assets | $3.4M |
| Transparency Score | 65/100 |
Is Shannon Fam Charitable Foundation Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Shannon Fam Charitable Foundation Tr directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Shannon Fam Charitable Foundation Tr
Shannon Fam Charitable Foundation Tr (EIN: 206669463) is a nonprofit organization based in Cincinnati, OH, classified under NTEE code T22. The organization reported total revenue of $1.3M and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Shannon Fam Charitable Foundation Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Shannon Fam Charitable Foundation Tr 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 -0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $285K |
| Total Expenses | $376K |
| Surplus / Deficit | $-90,961 |
| Total Assets | $3.4M |
| Total Liabilities | $1 |
| Net Assets | $3.4M |
| Operating Margin | -31.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 110.1 months |
Financial Health Grade: B
In 2023, Shannon Fam Charitable Foundation Tr reported a deficit of $91K with expenses exceeding revenue, holds 110.1 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), Shannon Fam Charitable Foundation Tr's revenue has declined at a compound annual growth rate (CAGR) of -0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +65.0% | -8.9% | -2.4% |
| 2022 | -59.9% | +9.2% | -6.4% |
| 2021 | +368.6% | +7.3% | +1.4% |
| 2020 | -47.8% | +5.8% | -6.4% |
| 2019 | -65.4% | +1.3% | -13.9% |
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 Shannon Fam Charitable Foundation Tr with a Mission Score of 65 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Shannon Fam Charitable Foundation Tr allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $91K, 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 the organization's leadership is either unpaid or compensated through other means not classified as officer compensation, which is a positive sign for minimizing 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.
Red Flags
The following concerns were identified during AI analysis of Shannon Fam Charitable Foundation Tr's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) in recent years, e.g., $375,807 expenses vs. $284,846 revenue in 2023.
- Declining asset base from $3,979,813 in 2019 to $3,448,148 in 2023, indicating reliance on endowment drawdowns.
Strengths
The following positive indicators were identified for Shannon Fam Charitable Foundation Tr:
- Consistent reporting of 0% officer compensation, indicating low executive overhead.
- Minimal liabilities, consistently reported as $1 or $0 across all filings.
- Maintains a substantial asset base of over $3.4 million, providing a buffer despite deficit spending.
- Consistent filing of IRS 990 forms, demonstrating transparency.
Frequently Asked Questions about Shannon Fam Charitable Foundation Tr
Is Shannon Fam Charitable Foundation Tr a legitimate charity?
Shannon Fam Charitable Foundation Tr (EIN: 206669463) is a registered tax-exempt nonprofit based in Ohio. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.3M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Shannon Fam Charitable Foundation Tr spend its money?
Shannon Fam Charitable Foundation Tr directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Shannon Fam Charitable Foundation Tr tax-deductible?
Shannon Fam Charitable Foundation Tr is registered as a tax-exempt nonprofit (EIN: 206669463). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Shannon Fam Charitable Foundation Tr's spending goes to programs?
Shannon Fam Charitable Foundation Tr directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Shannon Fam Charitable Foundation Tr compare to similar nonprofits?
With a transparency score of 65/100 (Good), Shannon Fam Charitable Foundation Tr 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 Shannon Fam Charitable Foundation Tr located?
Shannon Fam Charitable Foundation Tr is headquartered in Cincinnati, Ohio and files with the IRS under EIN 206669463. It is classified under NTEE code T22.
How many years of IRS 990 filings does Shannon Fam Charitable Foundation Tr have?
Shannon Fam Charitable Foundation Tr 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 Shannon Fam Charitable Foundation Tr financially sustainable given its recent spending trends?
The foundation has consistently spent more than its revenue in recent years (e.g., $375,807 expenses vs. $284,846 revenue in 2023), leading to a decline in assets from $3,979,813 in 2019 to $3,448,148 in 2023. This trend is not sustainable long-term without increased revenue or reduced expenses.
What is the primary source of the foundation's revenue?
The provided data only shows total revenue figures. A detailed breakdown of revenue sources (e.g., investment income, contributions) is not available in this summary.
How does the foundation manage its liabilities?
The foundation consistently reports minimal liabilities, often $1 or $0, indicating very strong management of debt and financial obligations.
What is the impact of zero officer compensation on the organization?
Zero officer compensation suggests a highly efficient executive structure, potentially relying on volunteer leadership or external support, which helps to keep administrative costs low.
Filing History
IRS 990 filing history for Shannon Fam Charitable Foundation Tr showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Shannon Fam Charitable Foundation Tr's revenue has declined by 10.8%, moving from $319K to $285K. Total assets decreased by 23.1% over the same period, from $4.5M to $3.4M. Total functional expenses rose by 34.6%, from $279K to $376K. In its most recent filing year (2023), Shannon Fam Charitable Foundation Tr reported a deficit of $91K, with expenses exceeding revenue. The organization holds $1 in liabilities against $3.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $285K | $376K | $3.4M | $1 | — | View 990 |
| 2022 | $173K | $412K | $3.5M | $1 | — | View 990 |
| 2021 | $431K | $378K | $3.8M | $1 | — | — |
| 2020 | $92K | $352K | $3.7M | $1 | — | — |
| 2019 | $176K | $332K | $4.0M | $1 | — | View 990 |
| 2015 | $508K | $328K | $4.6M | $0 | — | View 990 |
| 2014 | $204K | $334K | $4.4M | $0 | — | View 990 |
| 2013 | $416K | $285K | $4.5M | $0 | — | View 990 |
| 2012 | $217K | $284K | $4.4M | $0 | — | View 990 |
| 2011 | $319K | $279K | $4.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $285K, expenses of $376K, and assets of $3.4M (revenue +65.0% year-over-year).
- 2022: Revenue of $173K, expenses of $412K, and assets of $3.5M (revenue -59.9% year-over-year).
- 2021: Revenue of $431K, expenses of $378K, and assets of $3.8M (revenue +368.6% year-over-year).
- 2020: Revenue of $92K, expenses of $352K, and assets of $3.7M (revenue -47.8% year-over-year).
- 2019: Revenue of $176K, expenses of $332K, and assets of $4.0M (revenue -65.4% year-over-year).
- 2015: Revenue of $508K, expenses of $328K, and assets of $4.6M (revenue +148.8% year-over-year).
- 2014: Revenue of $204K, expenses of $334K, and assets of $4.4M (revenue -50.9% year-over-year).
- 2013: Revenue of $416K, expenses of $285K, and assets of $4.5M (revenue +91.4% year-over-year).
- 2012: Revenue of $217K, expenses of $284K, and assets of $4.4M (revenue -31.9% year-over-year).
- 2011: Revenue of $319K, expenses of $279K, and assets of $4.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Shannon Fam Charitable Foundation Tr:
Data Sources and Methodology
This transparency report for Shannon Fam Charitable Foundation Tr 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.