Alfa Foundation
Alfa Foundation maintains substantial assets despite volatile revenue and reports no officer compensation.
EIN: 137228276 · Greenwich, CT · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.7M |
| Total Expenses | $3.2M |
| Program Spending | 75% |
| Net Assets | $24.7M |
| Transparency Score | 85/100 |
Is Alfa Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Alfa Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Alfa Foundation
Alfa Foundation (EIN: 137228276) is a nonprofit organization based in Greenwich, CT, classified under NTEE code T22. The organization reported total revenue of $5.7M and total assets of $24.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Alfa Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Alfa Foundation is a mid-size nonprofit that has been operating for 25 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.3M |
| Total Expenses | $3.2M |
| Surplus / Deficit | +$114K |
| Total Assets | $24.7M |
| Total Liabilities | $1 |
| Net Assets | $24.7M |
| Operating Margin | 3.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 94.0 months |
Financial Health Grade: A
In 2023, Alfa Foundation reported a surplus of $114K with revenue exceeding expenses, holds 94.0 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), Alfa Foundation's revenue has grown at a compound annual growth rate (CAGR) of 9.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +90.0% | +61.8% | +0.5% |
| 2022 | +170.8% | +35.9% | -0.9% |
| 2021 | -57.4% | -25.5% | -3.1% |
| 2019 | -127.9% | -39.9% | -16.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
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 Alfa 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Alfa Foundation 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 surplus of $114K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Alfa Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly favorable for directing funds to its mission.
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 Alfa Foundation's IRS 990 filings:
- Highly volatile revenue stream, making financial planning potentially challenging.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data, hindering a full assessment of spending efficiency.
Strengths
The following positive indicators were identified for Alfa Foundation:
- Consistent reporting of 0% officer compensation, indicating strong financial transparency and dedication of funds to mission.
- Maintains a substantial asset base ($24,748,971), suggesting long-term financial stability.
- Very low reported liabilities ($1 or $0), indicating minimal debt or financial obligations.
Frequently Asked Questions about Alfa Foundation
Is Alfa Foundation a legitimate charity?
Alfa Foundation (EIN: 137228276) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $5.7M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Alfa Foundation spend its money?
Alfa Foundation directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Alfa Foundation tax-deductible?
Alfa Foundation is registered as a tax-exempt nonprofit (EIN: 137228276). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Alfa Foundation's spending goes to programs?
Alfa Foundation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Alfa Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Alfa 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 Alfa Foundation located?
Alfa Foundation is headquartered in Greenwich, Connecticut and files with the IRS under EIN 137228276. It is classified under NTEE code T22.
How many years of IRS 990 filings does Alfa Foundation have?
Alfa 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 $5.7M in total revenue.
Is Alfa Foundation a good charity?
Based on the provided data, Alfa Foundation exhibits strong financial transparency regarding executive compensation, reporting $0 for officers. Its substantial asset base of $24,748,971 suggests financial stability. However, without detailed expense breakdowns (program, admin, fundraising), a full assessment of its programmatic impact and spending efficiency is challenging.
How does Alfa Foundation manage its assets?
Alfa Foundation has maintained a significant asset base, currently $24,748,971, despite considerable fluctuations in annual revenue. This suggests either effective investment management of an endowment or a strategy of accumulating and holding assets rather than immediately expending all incoming funds.
What is the trend in Alfa Foundation's revenue?
Alfa Foundation's revenue has been highly volatile, with a peak of $20,607,341 in 2013 and a negative revenue year of $-463,210 in 2019. More recently, revenue has increased from $636,160 in 2021 to $3,272,900 in 2023, indicating an upward trend in the last few years but overall inconsistency.
Filing History
IRS 990 filing history for Alfa Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Alfa Foundation's revenue has grown by 205%, moving from $1.1M to $3.3M. Total assets increased by 276.7% over the same period, from $6.6M to $24.7M. Total functional expenses rose by 254.2%, from $892K to $3.2M. In its most recent filing year (2023), Alfa Foundation reported a surplus of $114K, with revenue exceeding expenses. The organization holds $1 in liabilities against $24.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $24.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.3M | $3.2M | $24.7M | $1 | — | — |
| 2022 | $1.7M | $2.0M | $24.6M | $1 | — | View 990 |
| 2021 | $636K | $1.4M | $24.9M | $1 | — | View 990 |
| 2020 | $1.5M | $1.9M | $25.7M | $1 | — | — |
| 2019 | $-463,210 | $1.7M | $26.1M | $1 | — | View 990 |
| 2015 | $1.7M | $2.9M | $31.2M | $0 | — | View 990 |
| 2014 | $984K | $2.8M | $32.4M | $0 | — | View 990 |
| 2013 | $20.6M | $1.8M | $34.2M | $0 | — | View 990 |
| 2012 | $10.3M | $1.5M | $15.4M | $0 | — | View 990 |
| 2011 | $1.1M | $892K | $6.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.3M, expenses of $3.2M, and assets of $24.7M (revenue +90.0% year-over-year).
- 2022: Revenue of $1.7M, expenses of $2.0M, and assets of $24.6M (revenue +170.8% year-over-year).
- 2021: Revenue of $636K, expenses of $1.4M, and assets of $24.9M (revenue -57.4% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.9M, and assets of $25.7M.
- 2019: Revenue of $-463,210, expenses of $1.7M, and assets of $26.1M (revenue -127.9% year-over-year).
- 2015: Revenue of $1.7M, expenses of $2.9M, and assets of $31.2M (revenue +68.5% year-over-year).
- 2014: Revenue of $984K, expenses of $2.8M, and assets of $32.4M (revenue -95.2% year-over-year).
- 2013: Revenue of $20.6M, expenses of $1.8M, and assets of $34.2M (revenue +99.8% year-over-year).
- 2012: Revenue of $10.3M, expenses of $1.5M, and assets of $15.4M (revenue +861.0% year-over-year).
- 2011: Revenue of $1.1M, expenses of $892K, and assets of $6.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Alfa Foundation:
Data Sources and Methodology
This transparency report for Alfa 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.