Simonson Fam Charitable Fndn
EIN: 376560385 · Kansas City, MO · NTEE: T20
| Metric | Value |
|---|---|
| Total Revenue | $793K |
| Total Expenses | $186K |
| Net Assets | $2.8M |
Is Simonson Fam Charitable Fndn Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Simonson Fam Charitable Fndn
Simonson Fam Charitable Fndn (EIN: 376560385) is a nonprofit organization based in Kansas City, MO, classified under NTEE code T20. The organization reported total revenue of $793K and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Simonson Fam Charitable Fndn's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Simonson Fam Charitable Fndn is a small nonprofit that has been operating for 12 years, with 7 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of -33.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $106K |
| Total Expenses | $186K |
| Surplus / Deficit | $-79,331 |
| Total Assets | $2.8M |
| Total Liabilities | $1 |
| Net Assets | $2.8M |
| Operating Margin | -74.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 180.8 months |
Financial Health Grade: B
In 2023, Simonson Fam Charitable Fndn reported a deficit of $79K with expenses exceeding revenue, holds 180.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 7 years of filings (2014–2023), Simonson Fam Charitable Fndn's revenue has declined at a compound annual growth rate (CAGR) of -33.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -57.4% | -5.2% | -2.8% |
| 2022 | +36.0% | +33.0% | +1.9% |
| 2021 | -90.9% | +20.0% | +1.3% |
| 2020 | +3066.9% | -2.2% | +46.5% |
| 2019 | -36.7% | +55.7% | -2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Simonson Fam Charitable Fndn 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 Simonson Fam Charitable Fndn 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 $79K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Simonson Fam Charitable Fndn
Is Simonson Fam Charitable Fndn a legitimate charity?
Simonson Fam Charitable Fndn (EIN: 376560385) is a registered tax-exempt nonprofit based in Missouri. It has 7 years of IRS 990 filings on record. Total revenue: $793K. No red flags identified. Financial health grade: B.
How does Simonson Fam Charitable Fndn spend its money?
Simonson Fam Charitable Fndn reported $793K in total revenue in IRS 990 filings. 7 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Simonson Fam Charitable Fndn tax-deductible?
Simonson Fam Charitable Fndn is registered as a tax-exempt nonprofit (EIN: 376560385). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Simonson Fam Charitable Fndn located?
Simonson Fam Charitable Fndn is headquartered in Kansas City, Missouri and files with the IRS under EIN 376560385. It is classified under NTEE code T20.
How many years of IRS 990 filings does Simonson Fam Charitable Fndn have?
Simonson Fam Charitable Fndn has 7 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 $793K in total revenue.
Filing History
IRS 990 filing history for Simonson Fam Charitable Fndn showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2014–2023), Simonson Fam Charitable Fndn's revenue has declined by 97.3%, moving from $4.0M to $106K. Total assets increased by 44.3% over the same period, from $1.9M to $2.8M. Total functional expenses fell by 91%, from $2.1M to $186K. In its most recent filing year (2023), Simonson Fam Charitable Fndn reported a deficit of $79K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $106K | $186K | $2.8M | $1 | — | View 990 |
| 2022 | $249K | $196K | $2.9M | $1 | — | View 990 |
| 2021 | $183K | $147K | $2.8M | $1 | — | View 990 |
| 2020 | $2.0M | $123K | $2.8M | $1 | — | View 990 |
| 2019 | $63K | $125K | $1.9M | $0 | — | View 990 |
| 2015 | $100K | $81K | $2.0M | $0 | — | View 990 |
| 2014 | $4.0M | $2.1M | $1.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $106K, expenses of $186K, and assets of $2.8M (revenue -57.4% year-over-year).
- 2022: Revenue of $249K, expenses of $196K, and assets of $2.9M (revenue +36.0% year-over-year).
- 2021: Revenue of $183K, expenses of $147K, and assets of $2.8M (revenue -90.9% year-over-year).
- 2020: Revenue of $2.0M, expenses of $123K, and assets of $2.8M (revenue +3066.9% year-over-year).
- 2019: Revenue of $63K, expenses of $125K, and assets of $1.9M (revenue -36.7% year-over-year).
- 2015: Revenue of $100K, expenses of $81K, and assets of $2.0M (revenue -97.5% year-over-year).
- 2014: Revenue of $4.0M, expenses of $2.1M, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Simonson Fam Charitable Fndn:
Data Sources and Methodology
This transparency report for Simonson Fam Charitable Fndn 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.