Is Federated Foundations Inc Legit?

Quick charity verification for Federated Foundations Inc (EIN: 136143973)

Verdict: Federated Foundations Inc shows mixed signals

60/100Mission Score
$994KRevenue
$561KAssets
4Red Flags
3Strengths

Red Flags

Strengths

AI Transparency Report

Federated Foundations Inc. exhibits inconsistent financial activity over the past decade, with significant fluctuations in both revenue and expenses. For instance, in 2023, the organization reported revenue of only $1,437 against substantial expenses of $341,075, indicating a significant operational deficit. This contrasts sharply with 2021, where revenue was $423,076 against expenses of $82,150, showing a surplus. The organization consistently reports minimal liabilities ($1 or $0), suggesting a healthy balance sheet in terms of debt, but the wide swings in revenue and expenses raise questions about financial stability and consistent funding sources. The absence of reported officer compensation across all filings suggests either a volunteer-led organization or that compensation is not reported in a way that is easily discernible, which could impact transparency depending on the actual operational structure.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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