1103 Market Street Foundation
1103 Market Street Foundation frequently spends more than it earns, drawing on assets, but reports no liabilities or officer compensation.
EIN: 202783473 · Wilmington, DE · NTEE: A80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $118K |
| Total Expenses | $119K |
| Program Spending | 80% |
| Net Assets | $418K |
| Transparency Score | 70/100 |
Is 1103 Market Street Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
1103 Market Street Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About 1103 Market Street Foundation
1103 Market Street Foundation (EIN: 202783473) is a nonprofit organization based in Wilmington, DE, classified under NTEE code A80. The organization reported total revenue of $118K and total assets of $466K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 1103 Market Street Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
1103 Market Street Foundation is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $88K |
| Total Expenses | $119K |
| Surplus / Deficit | $-30,224 |
| Total Assets | $418K |
| Net Assets | $418K |
| Operating Margin | -34.2% |
| Months of Reserves | 42.3 months |
Financial Health Grade: B
In 2023, 1103 Market Street Foundation reported a deficit of $30K with expenses exceeding revenue, holds 42.3 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), 1103 Market Street Foundation's revenue has declined at a compound annual growth rate (CAGR) of -4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -25.8% | +53.1% | -6.7% |
| 2022 | +89.7% | +804.5% | +10.3% |
| 2021 | -18.1% | -96.7% | +15.4% |
| 2020 | -2.0% | +138.0% | -33.9% |
| 2019 | -8.5% | -1.9% | -5.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 1103 Market Street Foundation with a Mission Score of 70 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, 1103 Market Street 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 $30K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating a volunteer-led structure with no paid executives, which is highly favorable for donor confidence.
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 1103 Market Street Foundation's IRS 990 filings:
- Frequent deficit spending, with expenses exceeding revenue in multiple years (e.g., 2023, 2020, 2019, 2018, 2016, 2015, 2014).
- Significant year-over-year revenue volatility, making financial planning challenging (e.g., $574,684 in 2017 down to $85,574 in 2018).
- Consistent decline in assets in recent years (e.g., from $562,114 in 2018 to $417,646 in 2023), indicating asset utilization to cover operational shortfalls.
Strengths
The following positive indicators were identified for 1103 Market Street Foundation:
- Zero officer compensation reported across all filings, indicating a volunteer-driven leadership and efficient use of funds.
- Consistently reports zero liabilities, demonstrating strong financial management regarding debt.
- Long history of IRS 990 filings (13 filings), suggesting a commitment to transparency and compliance.
Frequently Asked Questions about 1103 Market Street Foundation
Is 1103 Market Street Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, 1103 Market Street Foundation (EIN: 202783473) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does 1103 Market Street Foundation spend its money?
1103 Market Street Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to 1103 Market Street Foundation tax-deductible?
1103 Market Street Foundation is registered as a tax-exempt nonprofit (EIN: 202783473). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of 1103 Market Street Foundation's spending goes to programs?
1103 Market Street Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does 1103 Market Street Foundation compare to similar nonprofits?
With a transparency score of 70/100 (Good), 1103 Market Street Foundation is above average for NTEE category A80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is 1103 Market Street Foundation located?
1103 Market Street Foundation is headquartered in Wilmington, Delaware and files with the IRS under EIN 202783473. It is classified under NTEE code A80.
How many years of IRS 990 filings does 1103 Market Street Foundation have?
1103 Market Street Foundation has 13 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 $118K in total revenue.
How does the organization sustain operations given frequent deficit spending?
The organization appears to sustain operations by drawing down its assets, as seen in years like 2023 where expenses ($118,587) exceeded revenue ($88,363) and assets decreased from $447,870 to $417,646.
What caused the significant revenue spike in 2017?
In 2017, the organization reported an unusually high revenue of $574,684, significantly more than any other year. The specific source of this large influx is not detailed in the provided data but warrants further investigation.
What is the long-term strategy for revenue stability?
The provided data shows highly volatile revenue streams. A clear strategy for consistent and stable funding would be beneficial to avoid frequent reliance on asset drawdowns.
Filing History
IRS 990 filing history for 1103 Market Street Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), 1103 Market Street Foundation's revenue has declined by 42%, moving from $152K to $88K. Total assets increased by 119.4% over the same period, from $190K to $418K. Total functional expenses rose by 4168.8%, from $3K to $119K. In its most recent filing year (2023), 1103 Market Street Foundation reported a deficit of $30K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $88K | $119K | $418K | $0 | — | — |
| 2022 | $119K | $77K | $448K | $0 | — | View 990 |
| 2021 | $63K | $9K | $406K | $0 | — | View 990 |
| 2020 | $77K | $257K | $352K | $0 | — | View 990 |
| 2019 | $78K | $108K | $532K | $0 | — | View 990 |
| 2018 | $86K | $110K | $562K | $0 | — | View 990 |
| 2017 | $575K | $110K | $587K | $0 | — | View 990 |
| 2016 | $98K | $109K | $122K | $0 | — | View 990 |
| 2015 | $66K | $110K | $133K | $0 | — | View 990 |
| 2014 | $62K | $108K | $176K | $0 | — | View 990 |
| 2013 | $115K | $154K | $223K | $0 | — | View 990 |
| 2012 | $76K | $4K | $262K | $0 | — | View 990 |
| 2011 | $152K | $3K | $190K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $88K, expenses of $119K, and assets of $418K (revenue -25.8% year-over-year).
- 2022: Revenue of $119K, expenses of $77K, and assets of $448K (revenue +89.7% year-over-year).
- 2021: Revenue of $63K, expenses of $9K, and assets of $406K (revenue -18.1% year-over-year).
- 2020: Revenue of $77K, expenses of $257K, and assets of $352K (revenue -2.0% year-over-year).
- 2019: Revenue of $78K, expenses of $108K, and assets of $532K (revenue -8.5% year-over-year).
- 2018: Revenue of $86K, expenses of $110K, and assets of $562K (revenue -85.1% year-over-year).
- 2017: Revenue of $575K, expenses of $110K, and assets of $587K (revenue +484.7% year-over-year).
- 2016: Revenue of $98K, expenses of $109K, and assets of $122K (revenue +48.1% year-over-year).
- 2015: Revenue of $66K, expenses of $110K, and assets of $133K (revenue +7.8% year-over-year).
- 2014: Revenue of $62K, expenses of $108K, and assets of $176K (revenue -46.6% year-over-year).
- 2013: Revenue of $115K, expenses of $154K, and assets of $223K (revenue +51.6% year-over-year).
- 2012: Revenue of $76K, expenses of $4K, and assets of $262K (revenue -50.1% year-over-year).
- 2011: Revenue of $152K, expenses of $3K, and assets of $190K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for 1103 Market Street Foundation:
Data Sources and Methodology
This transparency report for 1103 Market Street 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.