Simon Family Foundation
EIN: 872923979 · Wichita, KS · NTEE: T90
| Metric | Value |
|---|---|
| Total Revenue | $551K |
| Total Expenses | $337K |
| Net Assets | $685K |
Is Simon Family Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Simon Family Foundation
Simon Family Foundation (EIN: 872923979) is a nonprofit organization based in Wichita, KS, classified under NTEE code T90. The organization reported total revenue of $551K and total assets of $988K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Simon Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Simon Family Foundation is a small nonprofit that has been operating for 4 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 27.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $318K |
| Total Expenses | $337K |
| Surplus / Deficit | $-18,939 |
| Total Assets | $687K |
| Total Liabilities | $2K |
| Net Assets | $685K |
| Operating Margin | -6.0% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 24.5 months |
Financial Health Grade: B
In 2023, Simon Family Foundation reported a deficit of $19K with expenses exceeding revenue, holds 24.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 3 years of filings (2021–2023), Simon Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 27.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.2% | -49.2% | +0.2% |
| 2022 | +66.8% | +7976.0% | -32.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Simon Family Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Simon Family Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $19K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.2%.
Frequently Asked Questions about Simon Family Foundation
Is Simon Family Foundation a legitimate charity?
Simon Family Foundation (EIN: 872923979) is a registered tax-exempt nonprofit based in Kansas. It has 3 years of IRS 990 filings on record. Total revenue: $551K. No red flags identified. Financial health grade: B.
How does Simon Family Foundation spend its money?
Simon Family Foundation reported $551K in total revenue in IRS 990 filings. 3 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Simon Family Foundation tax-deductible?
Simon Family Foundation is registered as a tax-exempt nonprofit (EIN: 872923979). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Simon Family Foundation located?
Simon Family Foundation is headquartered in Wichita, Kansas and files with the IRS under EIN 872923979. It is classified under NTEE code T90.
How many years of IRS 990 filings does Simon Family Foundation have?
Simon Family Foundation has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $551K in total revenue.
Filing History
IRS 990 filing history for Simon Family Foundation showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Simon Family Foundation's revenue has grown by 63.2%, moving from $195K to $318K. Total assets decreased by 32.8% over the same period, from $1.0M to $687K. Total functional expenses rose by 4004.6%, from $8K to $337K. In its most recent filing year (2023), Simon Family Foundation reported a deficit of $19K, with expenses exceeding revenue. The organization holds $2K in liabilities against $687K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $685K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $318K | $337K | $687K | $2K | — | View 990 |
| 2022 | $325K | $663K | $685K | $1K | — | View 990 |
| 2021 | $195K | $8K | $1.0M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $318K, expenses of $337K, and assets of $687K (revenue -2.2% year-over-year).
- 2022: Revenue of $325K, expenses of $663K, and assets of $685K (revenue +66.8% year-over-year).
- 2021: Revenue of $195K, expenses of $8K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Simon Family Foundation:
Data Sources and Methodology
This transparency report for Simon 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.