Is Atalanta Foundation Legit?

Red Flags

Consistent and significant deficit spending (expenses far exceeding revenue), e.g., $169 revenue vs. $19,522 expenses in 2021.
Steady decline in total assets over time, from $274,918 in 2011 to $196,225 in 2021, indicating asset depletion.
Extremely low revenue generation, suggesting a lack of sustainable fundraising or program income.
Long-term financial viability is questionable given the current financial trends.

Spending Breakdown

How Atalanta Foundation allocates its funds across programs, administration, and fundraising.

60%

Program Spending

Below average — room for improvement

30%

Admin Costs

High — over 25% on administration

10%

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Atalanta Foundation

Is Atalanta Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Atalanta Foundation (EIN: 202043607) has notable concerns. Mission Score: 35/100. 4 red flags identified, 2 strengths noted.

Is Atalanta Foundation a good charity to donate to?

Atalanta Foundation has a Mission Score of 35/100. Revenue: $169. Assets: $196K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Atalanta Foundation?

The Employer Identification Number (EIN) for Atalanta Foundation is 202043607. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Atalanta Foundation spend its money?

Atalanta Foundation allocates 60% to programs, 30% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Atalanta Foundation's tax-exempt status?

You can verify Atalanta Foundation's tax-exempt status using EIN 202043607 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

The Atalanta Foundation exhibits a concerning financial trend, with its latest reported revenue of $169 in 2021 being significantly lower than its expenses of $19,522 for the same period. This pattern of expenses far exceeding revenue is consistent across multiple years, indicating a reliance on existing assets rather than sustainable fundraising or program income. For instance, in 2020, revenue was $225 against expenses of $10,633, and in 2019, revenue was $322 against expenses of $14,853. This suggests the organization is drawing down its assets, which have decreased from $274,918 in 2011 to $196,225 in 2021.

The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent deficit spending raises questions about the long-term viability and impact of its programs. The lack of officer compensation reported across all periods indicates that leadership is not drawing a salary, which can be a positive sign of dedication, but does not mitigate the underlying financial sustainability issues. Transparency appears adequate in terms of filing its 990s, but the financial health itself is precarious.

Given the substantial and consistent negative net income, the foundation's ability to sustain its mission is questionable. While assets are still considerable at $196,225, the rate of depletion, coupled with minimal revenue generation, points to a need for a significant strategic shift in fundraising or operations to ensure its future.

Verdict: Atalanta Foundation has notable concerns