Aletheia Foundation
Aletheia Foundation consistently generates revenue exceeding expenses with no reported officer compensation.
EIN: 201861132 · Belmont, MI · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $445K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $692,232 |
| Net Assets | $40K |
| Transparency Score | 85/100 |
Is Aletheia Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Aletheia Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Aletheia Foundation
Aletheia Foundation (EIN: 201861132) is a nonprofit organization based in Belmont, MI, classified under NTEE code T22. The organization reported total revenue of $1.0M and total assets of $58K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Aletheia Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Aletheia Foundation is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 206.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $692K |
| Total Expenses | $445K |
| Surplus / Deficit | +$248K |
| Total Assets | $40K |
| Total Liabilities | $1 |
| Net Assets | $40K |
| Operating Margin | 35.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 1.1 months |
Financial Health Grade: A
In 2023, Aletheia Foundation reported a surplus of $248K with revenue exceeding expenses, holds 1.1 months of operating reserves (limited), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Aletheia Foundation's revenue has grown at a compound annual growth rate (CAGR) of 206.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -24.6% | -17.2% | -68.7% |
| 2022 | +180.3% | +90.4% | -27.9% |
| 2021 | -79.0% | -65.6% | -39.8% |
| 2020 | +1152.5% | +1522.8% | +1092.7% |
| 2019 | +12333.3% | +5539.1% | +343.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Aletheia Foundation 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: 85%
- fundraising: 5%
According to IRS 990 filings, Aletheia Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $248K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Aletheia Foundation reports 0% officer compensation across all available filings, indicating that its leadership either serves on a volunteer basis or is compensated through other means not categorized as officer compensation, which is highly unusual for an organization of its revenue size (e.g., $692,232 in 2023).
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 Aletheia Foundation's IRS 990 filings:
- Significant fluctuation in assets without clear explanation in provided data (e.g., $296,064 in 2020 down to $40,181 in 2023)
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data, making precise efficiency assessment difficult
Strengths
The following positive indicators were identified for Aletheia Foundation:
- Consistent revenue generation exceeding expenses (e.g., $692,232 revenue vs. $444,566 expenses in 2023)
- No reported officer compensation, indicating potential for very low administrative overhead or volunteer leadership
- Minimal liabilities ($1 across all filings), demonstrating strong financial stability and low debt
- Positive net income in most recent periods, allowing for reinvestment or reserve building
Frequently Asked Questions about Aletheia Foundation
Is Aletheia Foundation a legitimate charity?
Aletheia Foundation (EIN: 201861132) is a registered tax-exempt nonprofit based in Michigan. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.0M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Aletheia Foundation spend its money?
Aletheia Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Aletheia Foundation tax-deductible?
Aletheia Foundation is registered as a tax-exempt nonprofit (EIN: 201861132). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Aletheia Foundation CEO make?
Aletheia Foundation's highest-compensated officer earns $692,232 annually. The organization reported $1.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Aletheia Foundation's spending goes to programs?
Aletheia Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Aletheia Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Aletheia Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Aletheia Foundation located?
Aletheia Foundation is headquartered in Belmont, Michigan and files with the IRS under EIN 201861132. It is classified under NTEE code T22.
How many years of IRS 990 filings does Aletheia Foundation have?
Aletheia Foundation 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 $1.0M in total revenue.
How does Aletheia Foundation manage to operate without any reported officer compensation?
The IRS 990 filings consistently show 0% officer compensation. This could mean the organization is entirely volunteer-run at the executive level, or that executive services are provided pro bono or through a related entity not captured in this specific line item. Further inquiry into their operational model would be needed.
What caused the significant fluctuation in assets, from $296,064 in 2020 to $40,181 in 2023?
The substantial decrease in assets over this period suggests either significant spending on programs, investment in non-asset-generating activities, or a divestment of assets. Without detailed financial statements, the specific reasons for this change are unclear and warrant further investigation.
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided data only gives total expenses. A detailed breakdown is necessary to accurately assess spending efficiency and ensure a high percentage of funds directly supports the mission. This information is typically available in Part IX of the IRS Form 990.
Filing History
IRS 990 filing history for Aletheia Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Aletheia Foundation's revenue has grown by 69223100%, moving from $1 to $692K. Total assets increased by 742.5% over the same period, from $5K to $40K. Total functional expenses rose by 65277.4%, from $680 to $445K. In its most recent filing year (2023), Aletheia Foundation reported a surplus of $248K, with revenue exceeding expenses. The organization holds $1 in liabilities against $40K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $40K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $692K | $445K | $40K | $1 | — | View 990 |
| 2022 | $918K | $537K | $128K | $1 | — | View 990 |
| 2021 | $328K | $282K | $178K | $1 | — | — |
| 2020 | $1.6M | $819K | $296K | $1 | — | — |
| 2019 | $124K | $50K | $25K | $1 | — | View 990 |
| 2015 | $1K | $895 | $6K | $1 | — | View 990 |
| 2014 | $1K | $890 | $5K | $1 | — | View 990 |
| 2013 | $2K | $2K | $5K | $1 | — | View 990 |
| 2012 | $2K | $2K | $5K | $1 | — | View 990 |
| 2011 | $1 | $680 | $5K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $692K, expenses of $445K, and assets of $40K (revenue -24.6% year-over-year).
- 2022: Revenue of $918K, expenses of $537K, and assets of $128K (revenue +180.3% year-over-year).
- 2021: Revenue of $328K, expenses of $282K, and assets of $178K (revenue -79.0% year-over-year).
- 2020: Revenue of $1.6M, expenses of $819K, and assets of $296K (revenue +1152.5% year-over-year).
- 2019: Revenue of $124K, expenses of $50K, and assets of $25K (revenue +12333.3% year-over-year).
- 2015: Revenue of $1K, expenses of $895, and assets of $6K (revenue +0.0% year-over-year).
- 2014: Revenue of $1K, expenses of $890, and assets of $5K (revenue -50.0% year-over-year).
- 2013: Revenue of $2K, expenses of $2K, and assets of $5K (revenue +0.0% year-over-year).
- 2012: Revenue of $2K, expenses of $2K, and assets of $5K (revenue +199900.0% year-over-year).
- 2011: Revenue of $1, expenses of $680, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Aletheia Foundation:
Data Sources and Methodology
This transparency report for Aletheia 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.