721 Foundation
EIN: 371965835 · New Castle, DE · NTEE: T22
| Metric | Value |
|---|---|
| Total Revenue | $6K |
| Total Expenses | $8K |
| Net Assets | $60 |
Is 721 Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About 721 Foundation
721 Foundation (EIN: 371965835) is a nonprofit organization based in New Castle, DE, classified under NTEE code T22. The organization reported total revenue of $6K and total assets of $61 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 721 Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
721 Foundation is a micro nonprofit that has been operating for 5 years, with 2 years of IRS 990 filings on record (2020–2021). Revenue has grown at a compound annual rate of -64.8%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $6K |
| Total Expenses | $8K |
| Surplus / Deficit | $-1,488 |
| Total Assets | $61 |
| Total Liabilities | $1 |
| Net Assets | $60 |
| Operating Margin | -23.0% |
| Debt-to-Asset Ratio | 1.6% |
| Months of Reserves | 0.1 months |
Financial Health Grade: C
In 2021, 721 Foundation reported a deficit of $1K with expenses exceeding revenue, holds 0.1 months of operating reserves (limited), has a debt-to-asset ratio of 1.6% (very low leverage).
Financial Trends
Over 2 years of filings (2020–2021), 721 Foundation's revenue has declined at a compound annual growth rate (CAGR) of -64.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -64.8% | -52.8% | -96.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for 721 Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates 721 Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.6%.
Frequently Asked Questions about 721 Foundation
Is 721 Foundation a legitimate charity?
721 Foundation (EIN: 371965835) is a registered tax-exempt nonprofit based in Delaware. It has 2 years of IRS 990 filings on record. Total revenue: $6K. No red flags identified. Financial health grade: C.
How does 721 Foundation spend its money?
721 Foundation reported $6K in total revenue in IRS 990 filings. 2 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to 721 Foundation tax-deductible?
721 Foundation is registered as a tax-exempt nonprofit (EIN: 371965835). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is 721 Foundation located?
721 Foundation is headquartered in New Castle, Delaware and files with the IRS under EIN 371965835. It is classified under NTEE code T22.
How many years of IRS 990 filings does 721 Foundation have?
721 Foundation has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $6K in total revenue.
Filing History
IRS 990 filing history for 721 Foundation showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2020–2021), 721 Foundation's revenue has declined by 64.8%, moving from $18K to $6K. Total assets decreased by 96.1% over the same period, from $2K to $61. Total functional expenses fell by 52.8%, from $17K to $8K. In its most recent filing year (2021), 721 Foundation reported a deficit of $1K, with expenses exceeding revenue. The organization holds $1 in liabilities against $61 in assets (debt-to-asset ratio: 1.6%), resulting in net assets of $60.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $6K | $8K | $61 | $1 | — | — |
| 2020 | $18K | $17K | $2K | $1 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for 721 Foundation:
Data Sources and Methodology
This transparency report for 721 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.