Sharpe Family Foundation
Sharpe Family Foundation maintains substantial assets despite consistent operational deficits in recent years.
EIN: 136208422 · Concord, MA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $1.8M |
| Program Spending | 85% |
| Net Assets | $24.6M |
| Transparency Score | 75/100 |
Is Sharpe Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sharpe Family Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sharpe Family Foundation
Sharpe Family Foundation (EIN: 136208422) is a nonprofit organization based in Concord, MA. The organization reported total revenue of $2.0M and total assets of $24.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sharpe Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sharpe Family Foundation is a mid-size nonprofit that has been operating for 60 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -11.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.8M |
| Surplus / Deficit | $-442,516 |
| Total Assets | $24.6M |
| Total Liabilities | $1 |
| Net Assets | $24.6M |
| Operating Margin | -33.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 168.5 months |
Financial Health Grade: B
In 2023, Sharpe Family Foundation reported a deficit of $443K with expenses exceeding revenue, holds 168.5 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), Sharpe Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -11.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.2% | +16.0% | -1.8% |
| 2022 | -46.9% | +14.4% | -0.9% |
| 2021 | -35.0% | +107.3% | +4.6% |
| 2020 | +199.1% | -30.8% | +14.8% |
| 2019 | +73.1% | -36.8% | +4.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1966 |
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 Sharpe Family Foundation with a Mission Score of 75 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: 85%
- fundraising: 5%
According to IRS 990 filings, Sharpe Family 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 $443K, 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 officers are either unpaid volunteers or compensated through other means not reported as officer compensation, which is a strong positive for financial efficiency.
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 Sharpe Family Foundation's IRS 990 filings:
- Consistent operational deficits: Expenses frequently exceed revenue (e.g., $1,755,188 expenses vs. $1,312,672 revenue in 202312), which, while potentially managed by assets, could indicate reliance on endowment drawdowns.
- Unknown NTEE Code: Lack of a specified NTEE code makes it difficult to understand the organization's mission and compare its financial performance to peers.
Strengths
The following positive indicators were identified for Sharpe Family Foundation:
- Substantial and stable asset base: The foundation holds significant assets, consistently above $20 million, providing long-term financial stability ($24,640,017 in 202312).
- Zero executive compensation: Officers consistently report 0% compensation, indicating highly efficient use of funds at the leadership level.
- Minimal liabilities: Liabilities are consistently very low ($1 in recent years), indicating strong financial health and low debt burden.
- Consistent IRS 990 filings: A history of 10 filings demonstrates good compliance and transparency in reporting financial activities.
Frequently Asked Questions about Sharpe Family Foundation
Is Sharpe Family Foundation a legitimate charity?
Sharpe Family Foundation (EIN: 136208422) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $2.0M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Sharpe Family Foundation spend its money?
Sharpe Family Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Sharpe Family Foundation tax-deductible?
Sharpe Family Foundation is registered as a tax-exempt nonprofit (EIN: 136208422). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Sharpe Family Foundation's spending goes to programs?
Sharpe Family Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Sharpe Family Foundation located?
Sharpe Family Foundation is headquartered in Concord, Massachusetts and files with the IRS under EIN 136208422.
How many years of IRS 990 filings does Sharpe Family Foundation have?
Sharpe 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 $2.0M in total revenue.
What is the Sharpe Family Foundation's primary programmatic focus?
The provided data does not specify the NTEE code or detailed program descriptions, making it difficult to determine the foundation's primary programmatic focus. Further investigation into their 990 filings or website would be necessary.
How does the foundation cover its operational deficits, such as the $442,516 deficit in 202312?
Given the substantial and stable asset base ($24,640,017 in 202312), it is likely that operational deficits are covered by drawing from investment returns or the principal of the endowment, rather than relying solely on annual contributions.
Are the officers truly unpaid, or is compensation reported under a different category?
Based on the 'Officer Comp=0%' consistently reported in the summary data, it appears officers are not compensated. However, without reviewing the full 990, it's impossible to definitively rule out compensation reported under other expense categories.
Filing History
IRS 990 filing history for Sharpe Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Sharpe Family Foundation's revenue has declined by 75.8%, moving from $5.4M to $1.3M. Total assets increased by 3.2% over the same period, from $23.9M to $24.6M. Total functional expenses rose by 6.3%, from $1.7M to $1.8M. In its most recent filing year (2023), Sharpe Family Foundation reported a deficit of $443K, with expenses exceeding revenue. The organization holds $1 in liabilities against $24.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $24.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.8M | $24.6M | $1 | — | View 990 |
| 2022 | $1.3M | $1.5M | $25.1M | $1 | — | View 990 |
| 2021 | $2.4M | $1.3M | $25.3M | $1 | — | View 990 |
| 2020 | $3.8M | $638K | $24.2M | $1 | — | View 990 |
| 2019 | $1.3M | $922K | $21.1M | $1 | — | — |
| 2015 | $725K | $1.5M | $20.1M | $0 | — | View 990 |
| 2014 | $800K | $1.5M | $20.8M | $0 | — | View 990 |
| 2013 | $-361,486 | $1.4M | $21.5M | $0 | — | View 990 |
| 2012 | $535K | $1.5M | $23.3M | $0 | — | View 990 |
| 2011 | $5.4M | $1.7M | $23.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.8M, and assets of $24.6M (revenue +1.2% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.5M, and assets of $25.1M (revenue -46.9% year-over-year).
- 2021: Revenue of $2.4M, expenses of $1.3M, and assets of $25.3M (revenue -35.0% year-over-year).
- 2020: Revenue of $3.8M, expenses of $638K, and assets of $24.2M (revenue +199.1% year-over-year).
- 2019: Revenue of $1.3M, expenses of $922K, and assets of $21.1M (revenue +73.1% year-over-year).
- 2015: Revenue of $725K, expenses of $1.5M, and assets of $20.1M (revenue -9.4% year-over-year).
- 2014: Revenue of $800K, expenses of $1.5M, and assets of $20.8M.
- 2013: Revenue of $-361,486, expenses of $1.4M, and assets of $21.5M (revenue -167.6% year-over-year).
- 2012: Revenue of $535K, expenses of $1.5M, and assets of $23.3M (revenue -90.2% year-over-year).
- 2011: Revenue of $5.4M, expenses of $1.7M, and assets of $23.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sharpe Family Foundation:
Data Sources and Methodology
This transparency report for Sharpe 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.