Simon Family Philanthropic Foundation Inc
Simon Family Philanthropic Foundation shows volatile revenue and frequent operating deficits, with no officer compensation.
EIN: 203448167 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $152K |
| Total Expenses | $183K |
| Program Spending | 85% |
| Net Assets | $144K |
| Transparency Score | 70/100 |
Is Simon Family Philanthropic Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Simon Family Philanthropic Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Simon Family Philanthropic Foundation Inc
Simon Family Philanthropic Foundation Inc (EIN: 203448167) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $152K and total assets of $144K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Simon Family Philanthropic Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Simon Family Philanthropic Foundation Inc is a small nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $152K |
| Total Expenses | $183K |
| Surplus / Deficit | $-30,954 |
| Total Assets | $144K |
| Total Liabilities | $1 |
| Net Assets | $144K |
| Operating Margin | -20.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 9.4 months |
Financial Health Grade: B
In 2023, Simon Family Philanthropic Foundation Inc reported a deficit of $31K with expenses exceeding revenue, holds 9.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21442.1% | +39.8% | -17.7% |
| 2022 | -99.7% | +37.3% | -42.7% |
| 2021 | +17010.4% | +37.7% | +57.7% |
| 2020 | -99.7% | -57.8% | -26.0% |
| 2019 | +198.2% | -13.3% | +83.6% |
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 Simon Family Philanthropic Foundation Inc 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Simon Family Philanthropic Foundation Inc 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 $31K, 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 officers or key employees receive salaries from the organization, which is highly unusual for an organization of its size and suggests a volunteer-led or very lean operational model.
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 Simon Family Philanthropic Foundation Inc's IRS 990 filings:
- Highly volatile revenue streams, making financial planning difficult.
- Frequent operating deficits, with expenses exceeding revenue in multiple years (e.g., 2023, 2022, 2015).
- Unusually consistent $1 reported for liabilities across all filings, which might warrant further scrutiny.
Strengths
The following positive indicators were identified for Simon Family Philanthropic Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for executive pay.
- Minimal liabilities reported, suggesting good control over debt.
- Consistent filing of IRS 990 forms, demonstrating transparency.
Frequently Asked Questions about Simon Family Philanthropic Foundation Inc
Is Simon Family Philanthropic Foundation Inc a legitimate charity?
Simon Family Philanthropic Foundation Inc (EIN: 203448167) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $152K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Simon Family Philanthropic Foundation Inc spend its money?
Simon Family Philanthropic Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Simon Family Philanthropic Foundation Inc tax-deductible?
Simon Family Philanthropic Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203448167). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Simon Family Philanthropic Foundation Inc's spending goes to programs?
Simon Family Philanthropic Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Simon Family Philanthropic Foundation Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Simon Family Philanthropic Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Simon Family Philanthropic Foundation Inc located?
Simon Family Philanthropic Foundation Inc is headquartered in Wilmington, Delaware and files with the IRS under EIN 203448167. It is classified under NTEE code T20.
How many years of IRS 990 filings does Simon Family Philanthropic Foundation Inc have?
Simon Family Philanthropic Foundation Inc 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 $152K in total revenue.
Is Simon Family Philanthropic Foundation Inc. financially stable?
The foundation's financial stability is questionable due to highly volatile revenue and frequent operating deficits, such as in 2023 where expenses ($183,257) significantly exceeded revenue ($152,303).
How does the organization manage its liabilities?
The organization consistently reports liabilities of only $1 across all filings, suggesting either extremely effective debt management or a very minimal operational footprint that avoids incurring significant debt.
What is the trend in the organization's assets?
Assets have fluctuated significantly, peaking at $305,448 in 2021 and declining to $144,158 in 2023, indicating variability in its financial reserves.
Does the organization pay its executives?
No, the organization consistently reports 0% officer compensation in all available IRS 990 filings, indicating that executives are not compensated through salaries.
Filing History
IRS 990 filing history for Simon Family Philanthropic Foundation Inc showing financial trends over 10 years of public records:
Total assets increased by 18.5% over the same period, from $122K to $144K. Total functional expenses rose by 207.1%, from $60K to $183K. In its most recent filing year (2023), Simon Family Philanthropic Foundation Inc reported a deficit of $31K, with expenses exceeding revenue. The organization holds $1 in liabilities against $144K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $144K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $152K | $183K | $144K | $1 | — | — |
| 2022 | $707 | $131K | $175K | $1 | — | View 990 |
| 2021 | $207K | $95K | $305K | $1 | — | View 990 |
| 2020 | $1K | $69K | $194K | $1 | — | View 990 |
| 2019 | $380K | $164K | $262K | $1 | — | View 990 |
| 2015 | $127K | $189K | $143K | $1 | — | View 990 |
| 2014 | $214K | $162K | $205K | $1 | — | View 990 |
| 2013 | $227 | $120K | $153K | $1 | — | View 990 |
| 2012 | $225K | $77K | $269K | $1 | — | View 990 |
| 2011 | $-32,289 | $60K | $122K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $152K, expenses of $183K, and assets of $144K (revenue +21442.1% year-over-year).
- 2022: Revenue of $707, expenses of $131K, and assets of $175K (revenue -99.7% year-over-year).
- 2021: Revenue of $207K, expenses of $95K, and assets of $305K (revenue +17010.4% year-over-year).
- 2020: Revenue of $1K, expenses of $69K, and assets of $194K (revenue -99.7% year-over-year).
- 2019: Revenue of $380K, expenses of $164K, and assets of $262K (revenue +198.2% year-over-year).
- 2015: Revenue of $127K, expenses of $189K, and assets of $143K (revenue -40.5% year-over-year).
- 2014: Revenue of $214K, expenses of $162K, and assets of $205K (revenue +94151.5% year-over-year).
- 2013: Revenue of $227, expenses of $120K, and assets of $153K (revenue -99.9% year-over-year).
- 2012: Revenue of $225K, expenses of $77K, and assets of $269K.
- 2011: Revenue of $-32,289, expenses of $60K, and assets of $122K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Simon Family Philanthropic Foundation Inc:
Data Sources and Methodology
This transparency report for Simon Family Philanthropic Foundation Inc 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.