Shultz Family Foundation
Shultz Family Foundation frequently spends more than it earns, relying on past gains to cover deficits.
EIN: 205158436 · Phoenix, AZ · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $317K |
| Total Expenses | $1.8M |
| Program Spending | 80% |
| Net Assets | $6.0M |
| Transparency Score | 70/100 |
Is Shultz Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Shultz Family Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Shultz Family Foundation
Shultz Family Foundation (EIN: 205158436) is a nonprofit organization based in Phoenix, AZ, classified under NTEE code T22. The organization reported total revenue of $317K and total assets of $4.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Shultz Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Shultz Family Foundation is a small 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 13.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $259K |
| Total Expenses | $1.8M |
| Surplus / Deficit | $-1,514,757 |
| Total Assets | $6.0M |
| Total Liabilities | $1 |
| Net Assets | $6.0M |
| Operating Margin | -585.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 40.7 months |
Financial Health Grade: B
In 2023, Shultz Family Foundation reported a deficit of $1.5M with expenses exceeding revenue, holds 40.7 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), Shultz Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 13.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -56.4% | +27.4% | -15.9% |
| 2022 | -92.2% | +270.8% | -19.2% |
| 2021 | +2329.0% | -40.7% | +1242.8% |
| 2020 | -32.9% | +0.6% | -32.5% |
| 2019 | +9810.0% | +216.0% | +339.1% |
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 Shultz 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Shultz Family Foundation 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 $1.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Shultz Family Foundation consistently reports 0% officer compensation across all available filings, indicating that no executive salaries are paid, which is a strong positive for donor confidence.
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 Shultz Family Foundation's IRS 990 filings:
- High expense-to-revenue ratio in multiple recent years (e.g., 2023 expenses $1.77M vs. revenue $258K)
- Declining assets from $8.85M in 2021 to $6.01M in 2023, potentially due to covering deficits.
Strengths
The following positive indicators were identified for Shultz Family Foundation:
- Zero officer compensation reported across all filings, indicating efficient use of funds for leadership.
- Consistently low liabilities ($1 in most recent filings), suggesting good financial management of debt.
- Significant asset base ($6,015,295 in 2023) provides a buffer despite recent deficits.
Frequently Asked Questions about Shultz Family Foundation
Is Shultz Family Foundation a legitimate charity?
Shultz Family Foundation (EIN: 205158436) is a registered tax-exempt nonprofit based in Arizona. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $317K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Shultz Family Foundation spend its money?
Shultz Family Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Shultz Family Foundation tax-deductible?
Shultz Family Foundation is registered as a tax-exempt nonprofit (EIN: 205158436). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Shultz Family Foundation's spending goes to programs?
Shultz Family Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Shultz Family Foundation compare to similar nonprofits?
With a transparency score of 70/100 (Good), Shultz 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 Shultz Family Foundation located?
Shultz Family Foundation is headquartered in Phoenix, Arizona and files with the IRS under EIN 205158436. It is classified under NTEE code T22.
How many years of IRS 990 filings does Shultz Family Foundation have?
Shultz 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 $317K in total revenue.
Is the Shultz Family Foundation financially sustainable given its recent spending patterns?
The foundation's expenses have significantly outpaced its revenue in recent years (e.g., 2023 expenses were $1,773,651 against $258,894 revenue). While it has substantial assets ($6,015,295 in 2023), this spending trend is not sustainable long-term without significant future revenue increases or asset liquidation.
What caused the large revenue spike in 2021?
In 2021, the foundation reported $7,622,889 in revenue, a substantial increase from prior and subsequent years. This could be due to a large one-time donation, a significant investment gain, or a major grant, which is not detailed in the provided summary but warrants further investigation.
How does the foundation cover its operational deficits?
With expenses frequently exceeding revenue (e.g., 2023, 2022, 2020), the foundation likely covers its operational deficits by drawing from its accumulated assets or investment portfolio, which grew significantly in 2021.
Filing History
IRS 990 filing history for Shultz Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Shultz Family Foundation's revenue has grown by 370.8%, moving from $55K to $259K. Total assets increased by 198359.1% over the same period, from $3K to $6.0M. Total functional expenses rose by 2878%, from $60K to $1.8M. In its most recent filing year (2023), Shultz Family Foundation reported a deficit of $1.5M, with expenses exceeding revenue. The organization holds $1 in liabilities against $6.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $6.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $259K | $1.8M | $6.0M | $1 | — | — |
| 2022 | $594K | $1.4M | $7.2M | $1 | — | View 990 |
| 2021 | $7.6M | $375K | $8.9M | $1 | — | View 990 |
| 2020 | $314K | $633K | $660K | $1 | — | View 990 |
| 2019 | $468K | $629K | $977K | $1 | — | View 990 |
| 2015 | $5K | $199K | $222K | $121K | — | View 990 |
| 2014 | $288K | $241K | $296K | $1 | — | View 990 |
| 2013 | $250K | $201K | $249K | $1 | — | View 990 |
| 2012 | $367K | $171K | $200K | $1 | — | View 990 |
| 2011 | $55K | $60K | $3K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $259K, expenses of $1.8M, and assets of $6.0M (revenue -56.4% year-over-year).
- 2022: Revenue of $594K, expenses of $1.4M, and assets of $7.2M (revenue -92.2% year-over-year).
- 2021: Revenue of $7.6M, expenses of $375K, and assets of $8.9M (revenue +2329.0% year-over-year).
- 2020: Revenue of $314K, expenses of $633K, and assets of $660K (revenue -32.9% year-over-year).
- 2019: Revenue of $468K, expenses of $629K, and assets of $977K (revenue +9810.0% year-over-year).
- 2015: Revenue of $5K, expenses of $199K, and assets of $222K (revenue -98.4% year-over-year).
- 2014: Revenue of $288K, expenses of $241K, and assets of $296K (revenue +15.3% year-over-year).
- 2013: Revenue of $250K, expenses of $201K, and assets of $249K (revenue -31.9% year-over-year).
- 2012: Revenue of $367K, expenses of $171K, and assets of $200K (revenue +568.1% year-over-year).
- 2011: Revenue of $55K, expenses of $60K, and assets of $3K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Shultz Family Foundation:
Data Sources and Methodology
This transparency report for Shultz 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.