Ajana Foundation Tr
Ajana Foundation Tr maintains substantial assets and minimal liabilities with 0% officer compensation.
EIN: 137299038 · Boston, MA · NTEE: T21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $16.3M |
| Total Expenses | $2.0M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $33 |
| Net Assets | $32.7M |
| Transparency Score | 85/100 |
Is Ajana Foundation Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ajana Foundation Tr directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ajana Foundation Tr
Ajana Foundation Tr (EIN: 137299038) is a nonprofit organization based in Boston, MA, classified under NTEE code T21. The organization reported total revenue of $16.3M and total assets of $33.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ajana Foundation Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ajana Foundation Tr is a large nonprofit that has been operating for 24 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 30.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.6M |
| Total Expenses | $2.0M |
| Surplus / Deficit | +$7.6M |
| Total Assets | $32.7M |
| Total Liabilities | $1 |
| Net Assets | $32.7M |
| Operating Margin | 79.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 197.2 months |
Financial Health Grade: A
In 2023, Ajana Foundation Tr reported a surplus of $7.6M with revenue exceeding expenses, holds 197.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Ajana Foundation Tr's revenue has grown at a compound annual growth rate (CAGR) of 30.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1332.8% | +52.8% | +55.2% |
| 2022 | -74.7% | +9.5% | +9.0% |
| 2021 | -52.3% | +96.0% | +8.2% |
| 2020 | -13.2% | +5.4% | +38.6% |
| 2019 | +3934.9% | +98.3% | +274.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Ajana Foundation Tr with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Ajana Foundation Tr allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 surplus of $7.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees receive compensation from the organization, which is highly unusual for an organization with over $33 million in assets.
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 Ajana Foundation Tr's IRS 990 filings:
- Lack of detailed expense breakdown beyond total expenses
- Unusually low expenses relative to assets and revenue, potentially indicating significant asset accumulation without commensurate program spending
- Consistent 0% officer compensation for an organization with over $33 million in assets, which may warrant further inquiry into how leadership and management functions are compensated or structured.
Strengths
The following positive indicators were identified for Ajana Foundation Tr:
- Strong financial stability with growing assets ($33,475,956) and minimal liabilities ($1)
- Exceptional transparency regarding executive compensation (0% reported)
- High efficiency in managing expenses, which are consistently a small fraction of revenue and assets
- Consistent filing history (10 filings) indicating good compliance
Frequently Asked Questions about Ajana Foundation Tr
Is Ajana Foundation Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Ajana Foundation Tr (EIN: 137299038) some concerns. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
How does Ajana Foundation Tr spend its money?
Ajana Foundation Tr directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ajana Foundation Tr tax-deductible?
Ajana Foundation Tr is registered as a tax-exempt nonprofit (EIN: 137299038). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Ajana Foundation Tr CEO make?
Ajana Foundation Tr's highest-compensated officer earns $33 annually. The organization reported $16.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Ajana Foundation Tr compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Ajana Foundation Tr is above average for NTEE category T21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ajana Foundation Tr located?
Ajana Foundation Tr is headquartered in Boston, Massachusetts and files with the IRS under EIN 137299038. It is classified under NTEE code T21.
How many years of IRS 990 filings does Ajana Foundation Tr have?
Ajana Foundation Tr has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $16.3M in total revenue.
What are the specific program activities funded by Ajana Foundation Tr?
The provided data does not detail specific program activities. Further investigation into the organization's public disclosures or website would be necessary to understand its programmatic focus.
How does Ajana Foundation Tr manage its significant assets without incurring officer compensation?
The consistent 0% officer compensation suggests that management and operational oversight might be provided by volunteers, a related entity, or through contracted services not classified as officer compensation. This is a notable operational model for an organization of its size.
What is the reason for the significant fluctuations in annual revenue?
Revenue has varied significantly, from $671,022 in 2022 to $9,614,719 in 2023. This volatility could be due to large, infrequent grants, investment returns, or specific fundraising campaigns. A deeper dive into the revenue sources would be beneficial.
Filing History
IRS 990 filing history for Ajana Foundation Tr showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Ajana Foundation Tr's revenue has grown by 2379%, moving from $388K to $9.6M. Total assets increased by 750.9% over the same period, from $3.8M to $32.7M. Total functional expenses rose by 601.3%, from $283K to $2.0M. In its most recent filing year (2023), Ajana Foundation Tr reported a surplus of $7.6M, with revenue exceeding expenses. The organization holds $1 in liabilities against $32.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $32.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.6M | $2.0M | $32.7M | $1 | — | — |
| 2022 | $671K | $1.3M | $21.0M | $1 | — | View 990 |
| 2021 | $2.7M | $1.2M | $19.3M | $1 | — | View 990 |
| 2020 | $5.6M | $606K | $17.8M | $1 | — | — |
| 2019 | $6.4M | $575K | $12.9M | $1 | — | View 990 |
| 2015 | $159K | $290K | $3.4M | $1 | — | View 990 |
| 2014 | $223K | $240K | $3.6M | $1 | — | View 990 |
| 2013 | $99K | $190K | $3.6M | $1 | — | View 990 |
| 2012 | $197K | $358K | $3.7M | $1 | — | View 990 |
| 2011 | $388K | $283K | $3.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.6M, expenses of $2.0M, and assets of $32.7M (revenue +1332.8% year-over-year).
- 2022: Revenue of $671K, expenses of $1.3M, and assets of $21.0M (revenue -74.7% year-over-year).
- 2021: Revenue of $2.7M, expenses of $1.2M, and assets of $19.3M (revenue -52.3% year-over-year).
- 2020: Revenue of $5.6M, expenses of $606K, and assets of $17.8M (revenue -13.2% year-over-year).
- 2019: Revenue of $6.4M, expenses of $575K, and assets of $12.9M (revenue +3934.9% year-over-year).
- 2015: Revenue of $159K, expenses of $290K, and assets of $3.4M (revenue -28.8% year-over-year).
- 2014: Revenue of $223K, expenses of $240K, and assets of $3.6M (revenue +126.2% year-over-year).
- 2013: Revenue of $99K, expenses of $190K, and assets of $3.6M (revenue -50.0% year-over-year).
- 2012: Revenue of $197K, expenses of $358K, and assets of $3.7M (revenue -49.1% year-over-year).
- 2011: Revenue of $388K, expenses of $283K, and assets of $3.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ajana Foundation Tr:
Data Sources and Methodology
This transparency report for Ajana Foundation Tr 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.