Significant net losses in multiple years (e.g., 2022, 2020, 2019, 2018, 2017, 2015, 2014) where expenses far exceeded revenue.
Declining asset base from $325,995 in 2014 to $13,925 in 2023.
Unusual reporting of negative liabilities in 2021 ($-750).
Strengths
Consistent reporting of 0% officer compensation, indicating no executive salaries.
Positive net income in the most recent filing (2023), with revenue of $25,682 significantly exceeding expenses of $6,149.
Spending Breakdown
How Future Of Plastics Foundation allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
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 Future Of Plastics Foundation
Is Future Of Plastics Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Future Of Plastics Foundation (EIN: 203492339) shows mixed signals. Mission Score: 55/100. 4 red flags identified, 2 strengths noted.
Is Future Of Plastics Foundation a good charity to donate to?
Future Of Plastics Foundation has a Mission Score of 55/100. Revenue: $3K. Assets: $14K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Future Of Plastics Foundation?
The Employer Identification Number (EIN) for Future Of Plastics Foundation is 203492339. 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 Future Of Plastics Foundation spend its money?
Future Of Plastics Foundation allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Future Of Plastics Foundation's tax-exempt status?
You can verify Future Of Plastics Foundation's tax-exempt status using EIN 203492339 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 Future Of Plastics Foundation exhibits inconsistent financial performance over its filing history. While the most recent filing (2023) shows a positive net income with revenue of $25,682 exceeding expenses of $6,149, this follows a significant deficit in 2022 where expenses ($115,195) far outstripped revenue ($70,836), leading to negative net assets. The organization's assets have fluctuated wildly, from a high of $325,995 in 2014 to a low of $13,925 in 2023, indicating instability in its financial base. Liabilities have also shown considerable variability, including a period of negative liabilities in 2021, which is unusual.
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 reporting of 0% officer compensation across all filings suggests a commitment to minimizing overhead in that specific area. The wide swings in revenue and expenses year-over-year make it challenging to determine a stable operational efficiency trend.
Transparency appears to be adequate in terms of filing its IRS 990s, with 12 filings available. However, the lack of detailed expense categorization in the provided data limits a deeper analysis of how funds are allocated. The significant fluctuations in financial metrics suggest potential challenges in consistent financial management and planning.