Adventures For The Mind Foundation Inc
Adventures For The Mind Foundation Inc faces consistent operating deficits and declining assets.
EIN: 113770328 · Washington, DC · NTEE: T30 · Updated: 2026-03-28
Is Adventures For The Mind Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Adventures For The Mind Foundation Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Adventures For The Mind Foundation Inc
Adventures For The Mind Foundation Inc (EIN: 113770328) is a nonprofit organization based in Washington, DC, classified under NTEE code T30. The organization reported total revenue of $123K and total assets of $20K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Adventures For The Mind Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Adventures For The Mind Foundation Inc is a small nonprofit that has been operating for 16 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $88K |
| Total Expenses | $113K |
| Surplus / Deficit | $-24,710 |
| Total Assets | $24K |
| Net Assets | $24K |
| Operating Margin | -28.1% |
| Months of Reserves | 2.6 months |
Financial Health Grade: C
In 2023, Adventures For The Mind Foundation Inc reported a deficit of $25K with expenses exceeding revenue, holds 2.6 months of operating reserves (limited).
Financial Trends
Over 14 years of filings (2010–2023), Adventures For The Mind Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -54.6% | -45.0% | -44.3% |
| 2022 | +1745.1% | +753.7% | -20.7% |
| 2021 | -93.2% | -85.7% | -28.3% |
| 2020 | +43.7% | +15.6% | -16.8% |
| 2019 | -9.4% | +1.9% | -26.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
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 Adventures For The Mind Foundation Inc with a Mission Score of 60 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: 75%
- fundraising: 10%
According to IRS 990 filings, Adventures For The Mind Foundation Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $25K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no executive salaries are paid, which is highly commendable for a nonprofit of its size.
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 Adventures For The Mind Foundation Inc's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue in most years)
- Significant decline in assets over the past decade (from $244,555 in 2014 to $24,195 in 2023)
Strengths
The following positive indicators were identified for Adventures For The Mind Foundation Inc:
- No officer compensation reported across all filings, indicating efficient use of funds for leadership costs.
- Consistent IRS 990 filing history (14 filings), demonstrating good transparency and compliance.
- Zero liabilities reported in recent years (2021-2023), suggesting no outstanding debt.
Frequently Asked Questions about Adventures For The Mind Foundation Inc
Is Adventures For The Mind Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Adventures For The Mind Foundation Inc (EIN: 113770328) some concerns. Mission Score: 60/100. 2 red flags identified, 3 strengths noted.
How does Adventures For The Mind Foundation Inc spend its money?
Adventures For The Mind Foundation Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Adventures For The Mind Foundation Inc tax-deductible?
Adventures For The Mind Foundation Inc is registered as a tax-exempt nonprofit (EIN: 113770328). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Adventures For The Mind Foundation Inc financially sustainable?
The organization has consistently reported expenses exceeding revenue in most recent years (e.g., 2023, 2022, 2021, 2020, 2019, 2018, 2017, 2016, 2015), leading to a significant decline in assets from $244,555 in 2014 to $24,195 in 2023. This trend raises concerns about its long-term financial sustainability.
What is the trend in the organization's assets?
The organization's assets have shown a consistent downward trend, decreasing from $244,555 in 2014 to $24,195 in 2023.
Does the organization pay its officers?
No, the organization consistently reports 0% officer compensation across all available IRS 990 filings, indicating no salaries are paid to its executives.
Filing History
IRS 990 filing history for Adventures For The Mind Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Adventures For The Mind Foundation Inc's revenue has declined by 19.9%, moving from $110K to $88K. Total assets decreased by 78.9% over the same period, from $115K to $24K. Total functional expenses rose by 184.4%, from $40K to $113K. In its most recent filing year (2023), Adventures For The Mind Foundation Inc reported a deficit of $25K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $88K | $113K | $24K | $0 | — | — |
| 2022 | $193K | $205K | $43K | $0 | — | View 990 |
| 2021 | $10K | $24K | $55K | $0 | — | View 990 |
| 2020 | $153K | $168K | $76K | $11K | — | — |
| 2019 | $107K | $145K | $92K | $12K | — | View 990 |
| 2018 | $118K | $143K | $126K | $7K | — | View 990 |
| 2017 | $54K | $72K | $152K | $9K | — | View 990 |
| 2016 | $90K | $106K | $163K | $3K | — | View 990 |
| 2015 | $134K | $201K | $203K | $27K | — | View 990 |
| 2014 | $145K | $83K | $245K | $1K | — | View 990 |
| 2013 | $83K | $49K | $182K | $0 | — | View 990 |
| 2012 | $83K | $106K | $148K | $0 | — | View 990 |
| 2011 | $90K | $34K | $171K | $0 | — | View 990 |
| 2010 | $110K | $40K | $115K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $88K, expenses of $113K, and assets of $24K (revenue -54.6% year-over-year).
- 2022: Revenue of $193K, expenses of $205K, and assets of $43K (revenue +1745.1% year-over-year).
- 2021: Revenue of $10K, expenses of $24K, and assets of $55K (revenue -93.2% year-over-year).
- 2020: Revenue of $153K, expenses of $168K, and assets of $76K (revenue +43.7% year-over-year).
- 2019: Revenue of $107K, expenses of $145K, and assets of $92K (revenue -9.4% year-over-year).
- 2018: Revenue of $118K, expenses of $143K, and assets of $126K (revenue +116.3% year-over-year).
- 2017: Revenue of $54K, expenses of $72K, and assets of $152K (revenue -39.4% year-over-year).
- 2016: Revenue of $90K, expenses of $106K, and assets of $163K (revenue -32.8% year-over-year).
- 2015: Revenue of $134K, expenses of $201K, and assets of $203K (revenue -7.7% year-over-year).
- 2014: Revenue of $145K, expenses of $83K, and assets of $245K (revenue +75.5% year-over-year).
- 2013: Revenue of $83K, expenses of $49K, and assets of $182K (revenue +-0.0% year-over-year).
- 2012: Revenue of $83K, expenses of $106K, and assets of $148K (revenue -8.2% year-over-year).
- 2011: Revenue of $90K, expenses of $34K, and assets of $171K (revenue -17.9% year-over-year).
- 2010: Revenue of $110K, expenses of $40K, and assets of $115K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Adventures For The Mind Foundation Inc:
Data Sources and Methodology
This transparency report for Adventures For The Mind Foundation Inc 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.