Sprott Family Foundation
Sprott Family Foundation's assets have significantly declined due to expenses consistently exceeding modest revenues.
EIN: 161629054 · Louisville, KY · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1K |
| Total Expenses | $23K |
| Program Spending | 90% |
| Net Assets | $24K |
| Transparency Score | 60/100 |
Search Intent Cockpit
Sprott Family Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Sprott Family Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Sprott Family Foundation in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $1K and expenses of $23K.
Revenue and Expenses
Sprott Family Foundation reported $1K in revenue and $23K in expenses, a deficit of $22K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
60/100 mission score, 3 red flags, and 2 strengths are shown from structured and AI review.
Is Sprott Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $21K (90%) |
Across stored filings, Sprott Family Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade B | 10 stored filing years |
| Peer context | Compare with Carriage Museum Of America | Kentucky and Category L context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Louisville, KY nonprofitsCategory L in Kentucky
Human Services in Kentucky
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Sprott Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sprott Family Foundation
Sprott Family Foundation (EIN: 161629054) is a nonprofit organization based in Louisville, KY, classified under NTEE code L20. The organization reported total revenue of $1K and total assets of $19K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sprott Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sprott Family Foundation is a micro nonprofit that has been operating for 23 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -15.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1K |
| Total Expenses | $23K |
| Surplus / Deficit | $-21,552 |
| Total Assets | $24K |
| Total Liabilities | $1 |
| Net Assets | $24K |
| Operating Margin | -1753.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 12.5 months |
Financial Health Grade: B
In 2023, Sprott Family Foundation reported a deficit of $22K with expenses exceeding revenue, holds 12.5 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), Sprott Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -15.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -83.2% | +251.0% | -47.7% |
| 2022 | -51.2% | -33.8% | +1.9% |
| 2021 | +37.1% | +4.7% | +14.0% |
| 2020 | +19.9% | +5.9% | +4.8% |
| 2019 | +15.2% | +25.3% | -16.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Sprott Family Foundation with a Mission Score of 60 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: 90%
- fundraising: 0%
According to IRS 990 filings, Sprott Family Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $22K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0%, indicating that no salaries are paid to officers, which is appropriate for an organization of this size and type, especially given its limited revenue.
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 Sprott Family Foundation's IRS 990 filings:
- Consistent pattern of expenses exceeding revenue, particularly in 2023 where expenses were $22,781 against revenue of $1,229.
- Significant decline in assets from $45,196 in 2022 to $19,298 currently, indicating a draw-down of principal.
- Very low current revenue of $1,328, making it challenging to cover operational costs or make significant grants.
Strengths
The following positive indicators were identified for Sprott Family Foundation:
- Consistently reports 0% officer compensation, indicating efficient use of funds in terms of executive salaries.
- Low liabilities, consistently reported as $0 or $1, suggesting good financial management of debt.
Frequently Asked Questions about Sprott Family Foundation
Is Sprott Family Foundation a legitimate charity?
Sprott Family Foundation (EIN: 161629054) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 60/100. It has 10 years of IRS 990 filings on record. Total revenue: $1K. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Sprott Family Foundation spend its money?
Sprott Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Sprott Family Foundation tax-deductible?
Sprott Family Foundation is registered as a tax-exempt nonprofit (EIN: 161629054). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Sprott Family Foundation compare to similar nonprofits?
With a transparency score of 60/100 (Good), Sprott Family Foundation is above average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sprott Family Foundation located?
Sprott Family Foundation is headquartered in Louisville, Kentucky and files with the IRS under EIN 161629054. It is classified under NTEE code L20.
How many years of IRS 990 filings does Sprott Family Foundation have?
Sprott 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 $1K in total revenue.
Is Sprott Family Foundation financially sustainable?
The foundation's financial sustainability is questionable given that expenses have frequently exceeded revenue, most notably in 2023 where expenses were $22,781 against revenue of $1,229, leading to a significant draw-down of assets. This trend is not sustainable long-term without new funding sources.
What caused the significant asset decline in 2023?
The significant asset decline in 2023, from $45,196 to $23,644, was primarily driven by expenses of $22,781 far exceeding revenue of $1,229 in that period.
Does the foundation pay its officers?
No, the foundation consistently reports 0% officer compensation across all available filings, indicating no salaries are paid to its officers.
Filing History
IRS 990 filing history for Sprott Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Sprott Family Foundation's revenue has declined by 86.7%, moving from $9K to $1K. Total assets decreased by 47.1% over the same period, from $45K to $24K. Total functional expenses rose by 74.8%, from $13K to $23K. In its most recent filing year (2023), Sprott Family Foundation reported a deficit of $22K, with expenses exceeding revenue. The organization holds $1 in liabilities against $24K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $24K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1K | $23K | $24K | $1 | — | — |
| 2022 | $7K | $6K | $45K | $1 | — | View 990 |
| 2021 | $15K | $10K | $44K | $1 | — | View 990 |
| 2020 | $11K | $9K | $39K | $1 | — | View 990 |
| 2019 | $9K | $9K | $37K | $0 | — | View 990 |
| 2015 | $8K | $7K | $44K | $0 | — | View 990 |
| 2014 | $8K | $6K | $43K | $0 | — | View 990 |
| 2013 | $7K | $8K | $42K | $0 | — | View 990 |
| 2012 | $8K | $10K | $43K | $0 | — | View 990 |
| 2011 | $9K | $13K | $45K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1K, expenses of $23K, and assets of $24K (revenue -83.2% year-over-year).
- 2022: Revenue of $7K, expenses of $6K, and assets of $45K (revenue -51.2% year-over-year).
- 2021: Revenue of $15K, expenses of $10K, and assets of $44K (revenue +37.1% year-over-year).
- 2020: Revenue of $11K, expenses of $9K, and assets of $39K (revenue +19.9% year-over-year).
- 2019: Revenue of $9K, expenses of $9K, and assets of $37K (revenue +15.2% year-over-year).
- 2015: Revenue of $8K, expenses of $7K, and assets of $44K (revenue -3.8% year-over-year).
- 2014: Revenue of $8K, expenses of $6K, and assets of $43K (revenue +10.2% year-over-year).
- 2013: Revenue of $7K, expenses of $8K, and assets of $42K (revenue -4.3% year-over-year).
- 2012: Revenue of $8K, expenses of $10K, and assets of $43K (revenue -15.6% year-over-year).
- 2011: Revenue of $9K, expenses of $13K, and assets of $45K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sprott Family Foundation:
Data Sources and Methodology
This transparency report for Sprott 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.