Stearns Family Charitable Foundation
Stearns Family Charitable Foundation shows fluctuating revenue and expenses, with no officer compensation reported.
EIN: 201650072 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5K |
| Total Expenses | $8K |
| Program Spending | 90% |
| Net Assets | $3K |
| Transparency Score | 75/100 |
Is Stearns Family Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Stearns Family Charitable Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Stearns Family Charitable Foundation
Stearns Family Charitable Foundation (EIN: 201650072) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $5K and total assets of $2K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Stearns Family Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Stearns Family Charitable Foundation is a micro nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 117.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11K |
| Total Expenses | $8K |
| Surplus / Deficit | +$3K |
| Total Assets | $3K |
| Total Liabilities | $1 |
| Net Assets | $3K |
| Operating Margin | 25.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 4.9 months |
Financial Health Grade: A
In 2023, Stearns Family Charitable Foundation reported a surplus of $3K with revenue exceeding expenses, holds 4.9 months of operating reserves (adequate), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Stearns Family Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 117.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +353.8% | +39.7% | +546.8% |
| 2022 | +249900.0% | +70.8% | -86.8% |
| 2021 | +0.0% | +0.0% | -46.5% |
| 2020 | -100.0% | +0.0% | -31.7% |
| 2019 | -70.3% | -12.4% | -78.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Stearns Family Charitable Foundation with a Mission Score of 75 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, Stearns Family Charitable 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 surplus of $3K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to executives. This suggests a volunteer-led or very lean operational structure, which is common for small family foundations and contributes to lower administrative overhead.
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 Stearns Family Charitable Foundation's IRS 990 filings:
- Highly fluctuating revenue and expenses, making financial planning challenging
- Significant operating deficits in multiple years (e.g., 202212, 202112, 201112) where expenses exceeded revenue
Strengths
The following positive indicators were identified for Stearns Family Charitable Foundation:
- Consistent reporting of 0% officer compensation, indicating low administrative burden related to salaries
- Minimal liabilities ($1 consistently reported), suggesting a debt-free operation
- Positive operating margin in the latest filing (202312: Revenue $11,346, Expenses $8,415)
Frequently Asked Questions about Stearns Family Charitable Foundation
Is Stearns Family Charitable Foundation a legitimate charity?
Stearns Family Charitable Foundation (EIN: 201650072) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $5K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Stearns Family Charitable Foundation spend its money?
Stearns Family Charitable Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Stearns Family Charitable Foundation tax-deductible?
Stearns Family Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 201650072). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Stearns Family Charitable Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Stearns Family Charitable Foundation 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 Stearns Family Charitable Foundation located?
Stearns Family Charitable Foundation is headquartered in Wilmington, Delaware and files with the IRS under EIN 201650072. It is classified under NTEE code T20.
How many years of IRS 990 filings does Stearns Family Charitable Foundation have?
Stearns Family Charitable 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 $5K in total revenue.
What are the primary programs or grants funded by the Stearns Family Charitable Foundation?
The provided data does not specify the nature of the programs or grants funded by the foundation. Further investigation into their 990-PF filings would be necessary to understand their specific charitable activities.
How does the foundation sustain its operations given the fluctuating revenue?
The foundation likely relies on a combination of contributions from family members or related entities and investment income to cover its expenses. The significant fluctuations in revenue suggest an inconsistent funding stream, which could be managed by drawing from accumulated assets during leaner years, though assets have also varied.
What caused the substantial expense in 201112 ($42,538) compared to other years?
The provided data does not detail the nature of expenses. A specific review of the 201112 IRS 990 filing would be required to identify the cause of this unusually high expense relative to other periods.
Filing History
IRS 990 filing history for Stearns Family Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Stearns Family Charitable Foundation's revenue has grown by 1134500%, moving from $1 to $11K. Total assets decreased by 39.6% over the same period, from $6K to $3K. Total functional expenses fell by 80.2%, from $43K to $8K. In its most recent filing year (2023), Stearns Family Charitable Foundation reported a surplus of $3K, with revenue exceeding expenses. The organization holds $1 in liabilities against $3K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11K | $8K | $3K | $1 | — | — |
| 2022 | $3K | $6K | $536 | $1 | — | — |
| 2021 | $1 | $4K | $4K | $1 | — | — |
| 2020 | $1 | $4K | $8K | $1 | — | — |
| 2019 | $13K | $4K | $11K | $1 | — | View 990 |
| 2015 | $44K | $4K | $51K | $1 | — | View 990 |
| 2014 | $11K | $5K | $12K | $1 | — | View 990 |
| 2013 | $1 | $5K | $6K | $1 | — | View 990 |
| 2012 | $10K | $5K | $11K | $1 | — | View 990 |
| 2011 | $1 | $43K | $6K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11K, expenses of $8K, and assets of $3K (revenue +353.8% year-over-year).
- 2022: Revenue of $3K, expenses of $6K, and assets of $536 (revenue +249900.0% year-over-year).
- 2021: Revenue of $1, expenses of $4K, and assets of $4K (revenue +0.0% year-over-year).
- 2020: Revenue of $1, expenses of $4K, and assets of $8K (revenue -100.0% year-over-year).
- 2019: Revenue of $13K, expenses of $4K, and assets of $11K (revenue -70.3% year-over-year).
- 2015: Revenue of $44K, expenses of $4K, and assets of $51K (revenue +297.7% year-over-year).
- 2014: Revenue of $11K, expenses of $5K, and assets of $12K (revenue +1099900.0% year-over-year).
- 2013: Revenue of $1, expenses of $5K, and assets of $6K (revenue -100.0% year-over-year).
- 2012: Revenue of $10K, expenses of $5K, and assets of $11K (revenue +999900.0% year-over-year).
- 2011: Revenue of $1, expenses of $43K, and assets of $6K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Stearns Family Charitable Foundation:
Data Sources and Methodology
This transparency report for Stearns Family Charitable 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.