Albatross Foundation
Albatross Foundation maintains strong asset base and zero reported officer compensation over a decade.
EIN: 208064368 · San Diego, CA · NTEE: T20 · Updated: 2026-03-28
Is Albatross Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Albatross Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Albatross Foundation
Albatross Foundation (EIN: 208064368) is a nonprofit organization based in San Diego, CA, classified under NTEE code T20. The organization reported total revenue of $4.4M and total assets of $28.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Albatross Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Albatross Foundation is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.4M |
| Surplus / Deficit | +$127K |
| Total Assets | $26.8M |
| Total Liabilities | $1 |
| Net Assets | $26.8M |
| Operating Margin | 8.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 233.9 months |
Financial Health Grade: A
In 2023, Albatross Foundation reported a surplus of $127K with revenue exceeding expenses, holds 233.9 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), Albatross Foundation's revenue has declined at a compound annual growth rate (CAGR) of -6.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.3% | -0.5% | +9.3% |
| 2022 | -68.0% | -13.0% | -15.3% |
| 2021 | +147.9% | +19.2% | +9.4% |
| 2020 | -8.2% | -6.3% | +1.6% |
| 2019 | +73.3% | +14.9% | +22.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Albatross Foundation with a Mission Score of 95 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, Albatross Foundation 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 $127K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all ten available filings, indicating that no officers receive salaries from the organization. This is highly unusual for an organization with assets exceeding $28 million and suggests a volunteer-led executive structure or that compensation is covered by an affiliated entity, which would require further investigation to confirm.
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 Albatross Foundation's IRS 990 filings:
- Unusually low liabilities (often $1) could indicate simplified reporting or that certain financial obligations are managed externally, though it generally reflects strong financial health.
- Consistent 0% officer compensation for an organization of this size is highly unusual and might warrant further inquiry into how leadership is supported or if compensation is reported elsewhere.
Strengths
The following positive indicators were identified for Albatross Foundation:
- Strong and growing asset base, reaching $28,266,190 in the latest filing.
- Exceptional financial stability with consistently low liabilities (often $1).
- Zero reported officer compensation across all ten filings, indicating high efficiency in directing funds to mission.
- Long and consistent filing history (10 filings) demonstrating sustained operations and transparency.
- Expenses generally managed below revenue, contributing to asset growth.
Frequently Asked Questions about Albatross Foundation
Is Albatross Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Albatross Foundation (EIN: 208064368) some concerns. Mission Score: 95/100. 2 red flags identified, 5 strengths noted.
How does Albatross Foundation spend its money?
Albatross Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Albatross Foundation tax-deductible?
Albatross Foundation is registered as a tax-exempt nonprofit (EIN: 208064368). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Albatross Foundation a good charity?
Based on the provided IRS 990 data, Albatross Foundation appears to be a very good charity. It maintains a strong asset base ($28,266,190), consistently keeps liabilities extremely low, and most notably, reports 0% officer compensation across all ten filings, indicating a high dedication of resources to its mission rather than executive salaries.
How does Albatross Foundation manage its executive compensation?
The Albatross Foundation reports 0% officer compensation in all available IRS 990 filings. This suggests that its executive leadership either serves on a purely volunteer basis or their compensation is handled through an unstated arrangement, which is highly efficient from a direct spending perspective.
What is the trend in Albatross Foundation's assets?
The Albatross Foundation has shown consistent growth in its assets over the long term, increasing from $20,248,205 in 2011 to $28,266,190 in the latest filing (2023), despite some year-to-year fluctuations in revenue.
Filing History
IRS 990 filing history for Albatross Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Albatross Foundation's revenue has declined by 52.5%, moving from $3.2M to $1.5M. Total assets increased by 32.3% over the same period, from $20.2M to $26.8M. Total functional expenses rose by 24.5%, from $1.1M to $1.4M. In its most recent filing year (2023), Albatross Foundation reported a surplus of $127K, with revenue exceeding expenses. The organization holds $1 in liabilities against $26.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $26.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.4M | $26.8M | $1 | — | View 990 |
| 2022 | $1.3M | $1.4M | $24.5M | $1 | — | View 990 |
| 2021 | $4.0M | $1.6M | $29.0M | $30K | — | View 990 |
| 2020 | $1.6M | $1.3M | $26.5M | $5K | — | View 990 |
| 2019 | $1.8M | $1.4M | $26.1M | $1 | — | View 990 |
| 2015 | $1.0M | $1.2M | $21.2M | $1 | — | View 990 |
| 2014 | $1.1M | $1.3M | $23.8M | $1 | — | View 990 |
| 2013 | $1.9M | $1.3M | $24.8M | $16K | — | View 990 |
| 2012 | $2.2M | $1.2M | $23.7M | $0 | — | View 990 |
| 2011 | $3.2M | $1.1M | $20.2M | $17K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.4M, and assets of $26.8M (revenue +17.3% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.4M, and assets of $24.5M (revenue -68.0% year-over-year).
- 2021: Revenue of $4.0M, expenses of $1.6M, and assets of $29.0M (revenue +147.9% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.3M, and assets of $26.5M (revenue -8.2% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.4M, and assets of $26.1M (revenue +73.3% year-over-year).
- 2015: Revenue of $1.0M, expenses of $1.2M, and assets of $21.2M (revenue -11.5% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.3M, and assets of $23.8M (revenue -39.3% year-over-year).
- 2013: Revenue of $1.9M, expenses of $1.3M, and assets of $24.8M (revenue -15.8% year-over-year).
- 2012: Revenue of $2.2M, expenses of $1.2M, and assets of $23.7M (revenue -29.1% year-over-year).
- 2011: Revenue of $3.2M, expenses of $1.1M, and assets of $20.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Albatross Foundation:
Data Sources and Methodology
This transparency report for Albatross 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.