Silk Family Foundation
Silk Family Foundation maintains strong assets and zero executive compensation amidst fluctuating revenues.
EIN: 203997071 · Ketchum, ID · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.6M |
| Total Expenses | $877K |
| Program Spending | 95% |
| Net Assets | $5.7M |
| Transparency Score | 95/100 |
Is Silk Family Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Silk Family Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Silk Family Foundation
Silk Family Foundation (EIN: 203997071) is a nonprofit organization based in Ketchum, ID, classified under NTEE code T22. The organization reported total revenue of $2.6M and total assets of $5.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Silk Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Silk Family Foundation 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 -4.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $755K |
| Total Expenses | $877K |
| Surplus / Deficit | $-122,169 |
| Total Assets | $5.7M |
| Total Liabilities | $1 |
| Net Assets | $5.7M |
| Operating Margin | -16.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 78.4 months |
Financial Health Grade: B
In 2023, Silk Family Foundation reported a deficit of $122K with expenses exceeding revenue, holds 78.4 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), Silk Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +300.0% | +11.2% | -6.2% |
| 2022 | -85.4% | -23.8% | -3.9% |
| 2021 | +234.5% | +54.2% | +4.2% |
| 2020 | -80.4% | +4.0% | -4.4% |
| 2019 | +98.3% | +0.2% | +45.9% |
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 Silk Family Foundation with a Mission Score of 95 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Silk Family Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $122K, 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 no salaries or benefits are paid to officers, directors, or trustees. This is highly unusual for many nonprofits and suggests a very lean operational model or that all leadership roles are purely voluntary, allowing a greater proportion of funds to be directed to the foundation's charitable purpose.
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.
Strengths
The following positive indicators were identified for Silk Family Foundation:
- Consistently reports 0% officer compensation, maximizing funds for mission.
- Strong and growing asset base, reaching $5,732,658 in 2023.
- Minimal liabilities across all reported periods, indicating excellent financial stability.
- Consistent IRS 990 filing history, demonstrating strong transparency and compliance.
- Healthy asset-to-expense ratio, suggesting long-term sustainability.
Frequently Asked Questions about Silk Family Foundation
Is Silk Family Foundation a legitimate charity?
Silk Family Foundation (EIN: 203997071) is a registered tax-exempt nonprofit based in Idaho. Our AI analysis gives it a Mission Score of 95/100. It has 10 years of IRS 990 filings on record. Total revenue: $2.6M. No red flags identified. 5 strengths noted. Financial health grade: B.
How does Silk Family Foundation spend its money?
Silk Family Foundation directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Silk Family Foundation tax-deductible?
Silk Family Foundation is registered as a tax-exempt nonprofit (EIN: 203997071). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Silk Family Foundation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Silk 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 Silk Family Foundation located?
Silk Family Foundation is headquartered in Ketchum, Idaho and files with the IRS under EIN 203997071. It is classified under NTEE code T22.
How many years of IRS 990 filings does Silk Family Foundation have?
Silk 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 $2.6M in total revenue.
Is Silk Family Foundation a good charity?
Based on the provided data, the Silk Family Foundation appears to be a very good charity. It consistently reports zero officer compensation, maintains a strong asset base (over $5.7 million in 2023), and has minimal liabilities, all of which indicate excellent financial health and a strong commitment to its mission.
How does Silk Family Foundation manage its finances?
The foundation manages its finances very conservatively and efficiently. It has grown its assets from $2.9 million in 2011 to $5.7 million in 2023, while consistently reporting negligible liabilities. The absence of executive compensation further highlights its focus on maximizing funds for its charitable activities.
What is the trend in Silk Family Foundation's revenue?
The foundation's revenue has been highly variable over the past decade, ranging from a low of $188,833 in 2022 to a high of $1,969,959 in 2019. This fluctuation is not uncommon for foundations that may receive large, infrequent donations or investment returns, but it does not seem to negatively impact its asset growth or financial stability.
Filing History
IRS 990 filing history for Silk Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Silk Family Foundation's revenue has declined by 40.8%, moving from $1.3M to $755K. Total assets increased by 94.2% over the same period, from $3.0M to $5.7M. Total functional expenses rose by 381.6%, from $182K to $877K. In its most recent filing year (2023), Silk Family Foundation reported a deficit of $122K, with expenses exceeding revenue. The organization holds $1 in liabilities against $5.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $755K | $877K | $5.7M | $1 | — | — |
| 2022 | $189K | $789K | $6.1M | $253K | — | View 990 |
| 2021 | $1.3M | $1.0M | $6.4M | $1 | — | View 990 |
| 2020 | $386K | $671K | $6.1M | $1 | — | — |
| 2019 | $2.0M | $646K | $6.4M | $1 | — | — |
| 2015 | $993K | $644K | $4.4M | $1 | — | View 990 |
| 2014 | $1.5M | $404K | $4.3M | $1 | — | View 990 |
| 2013 | $1.1M | $491K | $3.4M | $1 | — | View 990 |
| 2012 | $573K | $244K | $3.1M | $1 | — | View 990 |
| 2011 | $1.3M | $182K | $3.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $755K, expenses of $877K, and assets of $5.7M (revenue +300.0% year-over-year).
- 2022: Revenue of $189K, expenses of $789K, and assets of $6.1M (revenue -85.4% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.0M, and assets of $6.4M (revenue +234.5% year-over-year).
- 2020: Revenue of $386K, expenses of $671K, and assets of $6.1M (revenue -80.4% year-over-year).
- 2019: Revenue of $2.0M, expenses of $646K, and assets of $6.4M (revenue +98.3% year-over-year).
- 2015: Revenue of $993K, expenses of $644K, and assets of $4.4M (revenue -35.3% year-over-year).
- 2014: Revenue of $1.5M, expenses of $404K, and assets of $4.3M (revenue +45.6% year-over-year).
- 2013: Revenue of $1.1M, expenses of $491K, and assets of $3.4M (revenue +83.8% year-over-year).
- 2012: Revenue of $573K, expenses of $244K, and assets of $3.1M (revenue -55.1% year-over-year).
- 2011: Revenue of $1.3M, expenses of $182K, and assets of $3.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Silk Family Foundation:
Data Sources and Methodology
This transparency report for Silk 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.