Abbaszadeh Foundation
EIN: 823738816 · Aspen, CO · NTEE: T90
| Metric | Value |
|---|---|
| Total Revenue | $502K |
| Total Expenses | $806K |
| Net Assets | $1.5M |
Is Abbaszadeh Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Abbaszadeh Foundation
Abbaszadeh Foundation (EIN: 823738816) is a nonprofit organization based in Aspen, CO, classified under NTEE code T90. The organization reported total revenue of $502K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Abbaszadeh Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Abbaszadeh Foundation is a small nonprofit that has been operating for 8 years, with 3 years of IRS 990 filings on record (2019–2021).
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $127K |
| Total Expenses | $806K |
| Surplus / Deficit | $-678,306 |
| Total Assets | $1.5M |
| Total Liabilities | $1 |
| Net Assets | $1.5M |
| Operating Margin | -532.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 22.0 months |
Financial Health Grade: B
In 2021, Abbaszadeh Foundation reported a deficit of $678K with expenses exceeding revenue, holds 22.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Abbaszadeh 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 Abbaszadeh 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 $678K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Abbaszadeh Foundation
Is Abbaszadeh Foundation a legitimate charity?
Abbaszadeh Foundation (EIN: 823738816) is a registered tax-exempt nonprofit based in Colorado. It has 3 years of IRS 990 filings on record. Total revenue: $502K. No red flags identified. Financial health grade: B.
How does Abbaszadeh Foundation spend its money?
Abbaszadeh Foundation reported $502K in total revenue in IRS 990 filings. 3 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Abbaszadeh Foundation tax-deductible?
Abbaszadeh Foundation is registered as a tax-exempt nonprofit (EIN: 823738816). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Abbaszadeh Foundation located?
Abbaszadeh Foundation is headquartered in Aspen, Colorado and files with the IRS under EIN 823738816. It is classified under NTEE code T90.
How many years of IRS 990 filings does Abbaszadeh Foundation have?
Abbaszadeh Foundation has 3 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 $502K in total revenue.
Filing History
IRS 990 filing history for Abbaszadeh Foundation showing financial trends over 3 years of public records:
Total assets decreased by 51.3% over the same period, from $3.0M to $1.5M. Total functional expenses rose by 237.6%, from $239K to $806K. In its most recent filing year (2021), Abbaszadeh Foundation reported a deficit of $678K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $127K | $806K | $1.5M | $1 | — | View 990 |
| 2020 | $-25,834 | $852K | $2.2M | $1 | — | View 990 |
| 2019 | $-1,014 | $239K | $3.0M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $127K, expenses of $806K, and assets of $1.5M.
- 2020: Revenue of $-25,834, expenses of $852K, and assets of $2.2M.
- 2019: Revenue of $-1,014, expenses of $239K, and assets of $3.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Abbaszadeh Foundation:
Data Sources and Methodology
This transparency report for Abbaszadeh 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.