Acriel Foundation
Acriel Foundation's assets declined significantly as expenses consistently outpaced revenue, with no officer compensation reported.
EIN: 133802863 · Providence, RI · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $1.3M |
| Program Spending | 80% |
| Net Assets | $92K |
| Transparency Score | 65/100 |
Is Acriel Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Acriel Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Acriel Foundation
Acriel Foundation (EIN: 133802863) is a nonprofit organization based in Providence, RI. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Acriel Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Acriel Foundation is a small nonprofit, with 4 years of IRS 990 filings on record (2011–2014). Revenue has grown at a compound annual rate of 23.4%.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
| Total Revenue | $111K |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-1,188,113 |
| Total Assets | $92K |
| Net Assets | $92K |
| Operating Margin | -1068.0% |
| Months of Reserves | 0.9 months |
Financial Health Grade: C
In 2014, Acriel Foundation reported a deficit of $1.2M with expenses exceeding revenue, holds 0.9 months of operating reserves (limited).
Financial Trends
Over 4 years of filings (2011–2014), Acriel Foundation's revenue has grown at a compound annual growth rate (CAGR) of 23.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2014 | -17.4% | +332.7% | -92.9% |
| 2013 | -40.2% | -54.9% | -12.6% |
| 2012 | +280.0% | +2.2% | -25.6% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Acriel Foundation with a Mission Score of 65 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, Acriel 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 (2014)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.2M, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating no salaries were paid to officers, which is highly efficient in terms of executive overhead for the organization.
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 Acriel Foundation's IRS 990 filings:
- Consistent and significant negative net income (expenses far exceeding revenue) across all reported periods.
- Dramatic decline in assets from $1,987,620 in 2011 to $0 in the latest period, suggesting depletion of funds.
- Latest reported period shows $0 revenue and $0 assets, indicating potential inactivity or dissolution.
Strengths
The following positive indicators were identified for Acriel Foundation:
- Zero officer compensation reported across all filings, indicating efficient use of funds regarding executive pay.
- No reported liabilities, suggesting a clean financial slate in terms of debt.
Frequently Asked Questions about Acriel Foundation
Is Acriel Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Acriel Foundation (EIN: 133802863) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does Acriel Foundation spend its money?
Acriel Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Acriel Foundation tax-deductible?
Acriel Foundation is registered as a tax-exempt nonprofit (EIN: 133802863). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Acriel Foundation's spending goes to programs?
Acriel Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Acriel Foundation located?
Acriel Foundation is headquartered in Providence, Rhode Island and files with the IRS under EIN 133802863.
How many years of IRS 990 filings does Acriel Foundation have?
Acriel Foundation has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Is Acriel Foundation still active?
Given the latest reported revenue of $0 and assets of $0, it is highly probable that the Acriel Foundation is no longer active or is in the process of dissolution.
What caused the significant decline in assets?
The consistent pattern of expenses significantly exceeding revenue (e.g., $1,299,363 in expenses vs. $111,250 in revenue in 2014) indicates that the foundation was likely making substantial distributions or investments that drew down its asset base over time.
What was the primary purpose of the expenses if revenue was so low?
Without detailed expense categories from the 990 forms, it's difficult to pinpoint. However, for a foundation, these expenses would typically be grants paid to other organizations, investment management fees, or other operational costs associated with managing and distributing its endowment.
Filing History
IRS 990 filing history for Acriel Foundation showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2011–2014), Acriel Foundation's revenue has grown by 87.9%, moving from $59K to $111K. Total assets decreased by 95.4% over the same period, from $2.0M to $92K. Total functional expenses rose by 99.5%, from $651K to $1.3M. In its most recent filing year (2014), Acriel Foundation reported a deficit of $1.2M, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2014 | $111K | $1.3M | $92K | $0 | — | View 990 |
| 2013 | $135K | $300K | $1.3M | $0 | — | View 990 |
| 2012 | $225K | $666K | $1.5M | $0 | — | View 990 |
| 2011 | $59K | $651K | $2.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2014: Revenue of $111K, expenses of $1.3M, and assets of $92K (revenue -17.4% year-over-year).
- 2013: Revenue of $135K, expenses of $300K, and assets of $1.3M (revenue -40.2% year-over-year).
- 2012: Revenue of $225K, expenses of $666K, and assets of $1.5M (revenue +280.0% year-over-year).
- 2011: Revenue of $59K, expenses of $651K, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Acriel Foundation:
Data Sources and Methodology
This transparency report for Acriel 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.