Swanson Family Foundation
Swanson Family Foundation experiences volatile revenue and consistent operating deficits, leading to asset decline.
EIN: 208249043 · Phoenix, AZ · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $248K |
| Total Expenses | $326K |
| Program Spending | 80% |
| Net Assets | $1.4M |
| Transparency Score | 65/100 |
Is Swanson Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Swanson Family Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Swanson Family Foundation
Swanson Family Foundation (EIN: 208249043) is a nonprofit organization based in Phoenix, AZ, classified under NTEE code T20. The organization reported total revenue of $248K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Swanson Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Swanson Family Foundation is a small nonprofit that has been operating for 17 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 37.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $48K |
| Total Expenses | $326K |
| Surplus / Deficit | $-277,380 |
| Total Assets | $1.4M |
| Total Liabilities | $1 |
| Net Assets | $1.4M |
| Operating Margin | -572.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 53.0 months |
Financial Health Grade: B
In 2023, Swanson Family Foundation reported a deficit of $277K with expenses exceeding revenue, holds 53.0 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), Swanson Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 37.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +289.0% | +71.5% | -16.2% |
| 2022 | -99.6% | +17.4% | -9.8% |
| 2021 | +22256.9% | +452.4% | +15891.3% |
| 2020 | -55.8% | -38.2% | -57.8% |
| 2019 | -80.9% | -67.7% | +0.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2009 |
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 Swanson Family Foundation with a Mission Score of 65 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Swanson Family Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $277K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Swanson Family Foundation consistently reports 0% officer compensation across all available filings, indicating that no executive salaries are paid, which is highly favorable for resource allocation.
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 Swanson Family Foundation's IRS 990 filings:
- Consistent operating deficits (e.g., 2023 expenses $325,797 vs. revenue $48,417)
- Significant decline in assets from $1,903,759 in 2021 to $1,440,014 in 2023
- Highly volatile revenue streams, making financial planning unpredictable
Strengths
The following positive indicators were identified for Swanson Family Foundation:
- Zero officer compensation reported across all filings, indicating efficient use of funds for leadership costs.
- Consistently low liabilities ($1 in most recent filings), suggesting good debt management.
- Long filing history (10 filings) indicates consistent reporting and operational presence.
Frequently Asked Questions about Swanson Family Foundation
Is Swanson Family Foundation a legitimate charity?
Swanson Family Foundation (EIN: 208249043) is a registered tax-exempt nonprofit based in Arizona. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $248K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Swanson Family Foundation spend its money?
Swanson Family Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Swanson Family Foundation tax-deductible?
Swanson Family Foundation is registered as a tax-exempt nonprofit (EIN: 208249043). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Swanson Family Foundation's spending goes to programs?
Swanson Family Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Swanson Family Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Swanson Family 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 Swanson Family Foundation located?
Swanson Family Foundation is headquartered in Phoenix, Arizona and files with the IRS under EIN 208249043. It is classified under NTEE code T20.
How many years of IRS 990 filings does Swanson Family Foundation have?
Swanson 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 $248K in total revenue.
Is the Swanson Family Foundation financially sustainable given its consistent operating deficits?
The foundation has frequently spent more than it earned, for example, $325,797 in expenses against $48,417 in revenue in 2023. This pattern, coupled with a decline in assets from $1,903,759 in 2021 to $1,440,014 in 2023, suggests potential long-term sustainability challenges if not addressed.
What caused the significant revenue spike in 2021 and subsequent decline?
In 2021, the foundation reported $2,901,925 in revenue, a substantial increase from previous and subsequent years. Without further detail from the 990, it's unclear if this was due to a large one-time donation, investment gains, or another extraordinary event, and why it wasn't sustained.
How does the foundation allocate its expenses between grants and operational costs?
The provided data only shows total expenses. As a grantmaking foundation (NTEE T20), understanding the proportion of expenses dedicated to actual grants versus administrative overhead is crucial for assessing its programmatic efficiency.
Filing History
IRS 990 filing history for Swanson Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Swanson Family Foundation's revenue has grown by 4551%, moving from $1K to $48K. Total assets increased by 1781.4% over the same period, from $77K to $1.4M. Total functional expenses rose by 16052.6%, from $2K to $326K. In its most recent filing year (2023), Swanson Family Foundation reported a deficit of $277K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $48K | $326K | $1.4M | $1 | — | — |
| 2022 | $12K | $190K | $1.7M | $1 | — | View 990 |
| 2021 | $2.9M | $162K | $1.9M | $1 | — | — |
| 2020 | $13K | $29K | $12K | $1 | — | — |
| 2019 | $29K | $47K | $28K | $1 | — | — |
| 2015 | $154K | $147K | $28K | $1 | — | View 990 |
| 2014 | $53K | $70K | $21K | $1 | — | View 990 |
| 2013 | $131K | $123K | $38K | $0 | — | View 990 |
| 2012 | $1K | $47K | $31K | $0 | — | View 990 |
| 2011 | $1K | $2K | $77K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $48K, expenses of $326K, and assets of $1.4M (revenue +289.0% year-over-year).
- 2022: Revenue of $12K, expenses of $190K, and assets of $1.7M (revenue -99.6% year-over-year).
- 2021: Revenue of $2.9M, expenses of $162K, and assets of $1.9M (revenue +22256.9% year-over-year).
- 2020: Revenue of $13K, expenses of $29K, and assets of $12K (revenue -55.8% year-over-year).
- 2019: Revenue of $29K, expenses of $47K, and assets of $28K (revenue -80.9% year-over-year).
- 2015: Revenue of $154K, expenses of $147K, and assets of $28K (revenue +190.6% year-over-year).
- 2014: Revenue of $53K, expenses of $70K, and assets of $21K (revenue -59.6% year-over-year).
- 2013: Revenue of $131K, expenses of $123K, and assets of $38K (revenue +8835.1% year-over-year).
- 2012: Revenue of $1K, expenses of $47K, and assets of $31K (revenue +40.4% year-over-year).
- 2011: Revenue of $1K, expenses of $2K, and assets of $77K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Swanson Family Foundation:
Data Sources and Methodology
This transparency report for Swanson 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.