Zhu Family Foundation Inc
Zhu Family Foundation shows fluctuating revenues, declining assets, and no reported officer compensation.
EIN: 203753379 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $419K |
| Program Spending | 80% |
| Net Assets | $870K |
| Transparency Score | 65/100 |
Is Zhu Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Zhu Family Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Zhu Family Foundation Inc
Zhu Family Foundation Inc (EIN: 203753379) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $1.1M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Zhu Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Zhu Family Foundation Inc is a mid-size nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 19.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $352K |
| Total Expenses | $419K |
| Surplus / Deficit | $-67,313 |
| Total Assets | $870K |
| Total Liabilities | $1 |
| Net Assets | $870K |
| Operating Margin | -19.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 24.9 months |
Financial Health Grade: B
In 2023, Zhu Family Foundation Inc reported a deficit of $67K with expenses exceeding revenue, holds 24.9 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), Zhu Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 19.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -152.6% | -44.0% | -34.5% |
| 2021 | +153.4% | +47.5% | +8.8% |
| 2020 | +105.1% | +185.7% | -4.9% |
| 2019 | +108.5% | -6.2% | -6.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Zhu Family Foundation Inc 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, Zhu Family Foundation Inc 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 $67K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is a strong positive for minimizing administrative costs.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Zhu Family Foundation Inc's IRS 990 filings:
- Significant negative revenue reported in 2022 ($-269,929), which is unusual and requires clarification.
- Consistent decline in total assets over the past decade, from $1,529,183 in 2014 to $870,265 in 2023, without clear explanation.
- Expenses frequently exceed revenue, as seen in 2023 ($419,054 expenses vs. $351,741 revenue) and 2022 ($222,953 expenses vs. $-269,929 revenue), indicating potential reliance on asset drawdowns or inconsistent funding.
Strengths
The following positive indicators were identified for Zhu Family Foundation Inc:
- Consistently reports 0% officer compensation, indicating a strong commitment to minimizing executive overhead.
- Maintains extremely low liabilities ($1 across all filings), suggesting strong financial solvency and minimal debt burden.
- Long filing history (10 filings) indicates consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Zhu Family Foundation Inc
Is Zhu Family Foundation Inc a legitimate charity?
Zhu Family Foundation Inc (EIN: 203753379) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.1M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Zhu Family Foundation Inc spend its money?
Zhu Family Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Zhu Family Foundation Inc tax-deductible?
Zhu Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203753379). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Zhu Family Foundation Inc's spending goes to programs?
Zhu Family Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Zhu Family Foundation Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Zhu Family 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 Zhu Family Foundation Inc located?
Zhu Family Foundation Inc is headquartered in Wilmington, Delaware and files with the IRS under EIN 203753379. It is classified under NTEE code T20.
How many years of IRS 990 filings does Zhu Family Foundation Inc have?
Zhu Family 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 $1.1M in total revenue.
Why did the Zhu Family Foundation Inc. report negative revenue of $-269,929 in 2022?
Negative revenue can occur due to significant investment losses, returns of grants, or accounting adjustments. Further investigation into the 2022 IRS 990 filing's Part VIII (Statement of Revenue) would be necessary to understand the specific cause.
What are the primary sources of revenue for the Zhu Family Foundation Inc. given its fluctuating income?
The provided data does not detail revenue sources. Given the variability, it's possible the foundation relies heavily on investment income, which can be volatile, or a small number of large, inconsistent donations.
How does the foundation manage its declining asset base, from $1,529,183 in 2014 to $870,265 in 2023?
A decline in assets could be due to significant grantmaking exceeding new contributions, investment losses, or a strategic decision to spend down its endowment. Without more information on its grantmaking activities and investment performance, the reason remains unclear.
What are the specific program activities funded by the Zhu Family Foundation Inc.?
The NTEE code T20 (Philanthropy, Voluntarism, and Grantmaking Foundations) indicates it's a grantmaking foundation, but the specific areas or types of programs it supports are not detailed in the provided financial summary.
Filing History
IRS 990 filing history for Zhu Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Zhu Family Foundation Inc's revenue has grown by 733%, moving from $42K to $352K. Total assets decreased by 39.4% over the same period, from $1.4M to $870K. Total functional expenses rose by 665.5%, from $55K to $419K. In its most recent filing year (2023), Zhu Family Foundation Inc reported a deficit of $67K, with expenses exceeding revenue. The organization holds $1 in liabilities against $870K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $870K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $352K | $419K | $870K | $1 | — | View 990 |
| 2022 | $-269,929 | $223K | $938K | $1 | — | View 990 |
| 2021 | $513K | $398K | $1.4M | $1 | — | View 990 |
| 2020 | $203K | $270K | $1.3M | $1 | — | View 990 |
| 2019 | $99K | $94K | $1.4M | $1 | — | View 990 |
| 2015 | $47K | $101K | $1.5M | $1 | — | View 990 |
| 2014 | $177K | $95K | $1.5M | $1 | — | View 990 |
| 2013 | $47K | $87K | $1.4M | $1 | — | View 990 |
| 2012 | $105K | $54K | $1.5M | $1 | — | View 990 |
| 2011 | $42K | $55K | $1.4M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $352K, expenses of $419K, and assets of $870K.
- 2022: Revenue of $-269,929, expenses of $223K, and assets of $938K (revenue -152.6% year-over-year).
- 2021: Revenue of $513K, expenses of $398K, and assets of $1.4M (revenue +153.4% year-over-year).
- 2020: Revenue of $203K, expenses of $270K, and assets of $1.3M (revenue +105.1% year-over-year).
- 2019: Revenue of $99K, expenses of $94K, and assets of $1.4M (revenue +108.5% year-over-year).
- 2015: Revenue of $47K, expenses of $101K, and assets of $1.5M (revenue -73.2% year-over-year).
- 2014: Revenue of $177K, expenses of $95K, and assets of $1.5M (revenue +280.1% year-over-year).
- 2013: Revenue of $47K, expenses of $87K, and assets of $1.4M (revenue -55.7% year-over-year).
- 2012: Revenue of $105K, expenses of $54K, and assets of $1.5M (revenue +148.9% year-over-year).
- 2011: Revenue of $42K, expenses of $55K, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Zhu Family Foundation Inc:
Data Sources and Methodology
This transparency report for Zhu Family 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.