Affinity Federal Credit Union Foundation Inc
Affinity Federal Credit Union Foundation experiences recent operational deficits despite growing assets.
EIN: 202706810 · Basking Ridge, NJ · NTEE: T30 · Updated: 2026-03-28
Is Affinity Federal Credit Union Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Affinity Federal Credit Union Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Affinity Federal Credit Union Foundation Inc
Affinity Federal Credit Union Foundation Inc (EIN: 202706810) is a nonprofit organization based in Basking Ridge, NJ, classified under NTEE code T30. The organization reported total revenue of $372K and total assets of $647K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Affinity Federal Credit Union Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Affinity Federal Credit Union Foundation Inc with a Mission Score of 75 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Affinity Federal Credit Union Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers received compensation, which is a positive sign for a foundation of this 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 Affinity Federal Credit Union Foundation Inc's IRS 990 filings:
- Consistent operational deficits in recent years (2023 and 2022)
- Significant increase in liabilities from $0 in 2021 to $264,032 in 2023
Strengths
The following positive indicators were identified for Affinity Federal Credit Union Foundation Inc:
- Consistent reporting of 0% officer compensation
- Healthy asset base, reaching $734,190 in 2023
- Regular and consistent IRS 990 filing history
Frequently Asked Questions about Affinity Federal Credit Union Foundation Inc
Is Affinity Federal Credit Union Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Affinity Federal Credit Union Foundation Inc (EIN: 202706810) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Affinity Federal Credit Union Foundation Inc spend its money?
Affinity Federal Credit Union Foundation Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Affinity Federal Credit Union Foundation Inc tax-deductible?
Affinity Federal Credit Union Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202706810). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Affinity Federal Credit Union Foundation Inc. financially stable given its recent deficits?
While the foundation has a healthy asset base of $734,190 in 2023, it has experienced operational deficits in 2023 ($259,673 revenue vs. $329,172 expenses) and 2022 ($398,525 revenue vs. $441,593 expenses), which could impact long-term stability if not addressed.
Why have liabilities increased significantly from $0 in 2021 to $264,032 in 2023?
The rapid increase in liabilities from $0 in 2021 to $264,032 in 2023 is a significant financial change that warrants further investigation to understand its nature and impact on the foundation's financial health.
What is the primary source of the foundation's revenue?
The provided data only shows total revenue figures, not specific sources. A detailed breakdown from the full 990 forms would be needed to identify the primary revenue streams.
Filing History
IRS 990 filing history for Affinity Federal Credit Union Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Affinity Federal Credit Union Foundation Inc's revenue has grown by 57.8%, moving from $165K to $260K. Total assets increased by 108.3% over the same period, from $352K to $734K. Total functional expenses rose by 222%, from $102K to $329K. In its most recent filing year (2023), Affinity Federal Credit Union Foundation Inc reported a deficit of $69K, with expenses exceeding revenue. The organization holds $264K in liabilities against $734K in assets (debt-to-asset ratio: 36.0%), resulting in net assets of $470K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $260K | $329K | $734K | $264K | — | — |
| 2022 | $399K | $442K | $788K | $248K | — | View 990 |
| 2021 | $246K | $213K | $574K | $0 | — | View 990 |
| 2020 | $99K | $154K | $540K | $0 | — | View 990 |
| 2019 | $206K | $161K | $595K | $0 | — | View 990 |
| 2018 | $229K | $171K | $554K | $15K | — | View 990 |
| 2017 | $247K | $159K | $609K | $0 | — | View 990 |
| 2016 | $601K | $178K | $521K | $0 | — | View 990 |
| 2015 | $206K | $169K | $490K | $0 | — | — |
| 2014 | $198K | $145K | $453K | $0 | — | — |
| 2013 | $161K | $141K | $400K | $0 | — | — |
| 2012 | $137K | $109K | $380K | $0 | — | View 990 |
| 2011 | $165K | $102K | $352K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $260K, expenses of $329K, and assets of $734K (revenue -34.8% year-over-year).
- 2022: Revenue of $399K, expenses of $442K, and assets of $788K (revenue +61.8% year-over-year).
- 2021: Revenue of $246K, expenses of $213K, and assets of $574K (revenue +148.3% year-over-year).
- 2020: Revenue of $99K, expenses of $154K, and assets of $540K (revenue -51.9% year-over-year).
- 2019: Revenue of $206K, expenses of $161K, and assets of $595K (revenue -10.0% year-over-year).
- 2018: Revenue of $229K, expenses of $171K, and assets of $554K (revenue -7.0% year-over-year).
- 2017: Revenue of $247K, expenses of $159K, and assets of $609K (revenue -59.0% year-over-year).
- 2016: Revenue of $601K, expenses of $178K, and assets of $521K (revenue +192.6% year-over-year).
- 2015: Revenue of $206K, expenses of $169K, and assets of $490K (revenue +3.9% year-over-year).
- 2014: Revenue of $198K, expenses of $145K, and assets of $453K (revenue +22.7% year-over-year).
- 2013: Revenue of $161K, expenses of $141K, and assets of $400K (revenue +17.4% year-over-year).
- 2012: Revenue of $137K, expenses of $109K, and assets of $380K (revenue -16.6% year-over-year).
- 2011: Revenue of $165K, expenses of $102K, and assets of $352K.
Data Sources and Methodology
This transparency report for Affinity Federal Credit Union 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.