Allan Houston Legacy Foundation Inc
Allan Houston Legacy Foundation Inc. shows highly volatile revenue and assets, with liabilities often exceeding assets in recent years.
EIN: 208962490 · Troy, MI · NTEE: S20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $114K |
| Program Spending | 70% |
| Net Assets | $-322,088 |
| Transparency Score | 55/100 |
Is Allan Houston Legacy Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Allan Houston Legacy Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Allan Houston Legacy Foundation Inc
Allan Houston Legacy Foundation Inc (EIN: 208962490) is a nonprofit organization based in Troy, MI, classified under NTEE code S20. The organization reported total revenue of $1.9M and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Allan Houston Legacy Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Allan Houston Legacy Foundation Inc is a mid-size nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2008–2023). Revenue has grown at a compound annual rate of -10.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $95K |
| Total Expenses | $114K |
| Surplus / Deficit | $-18,909 |
| Total Assets | $2K |
| Total Liabilities | $324K |
| Net Assets | $-322,088 |
| Operating Margin | -19.8% |
| Debt-to-Asset Ratio | 19585.1% |
| Months of Reserves | 0.2 months |
Financial Health Grade: D
In 2023, Allan Houston Legacy Foundation Inc reported a deficit of $19K with expenses exceeding revenue, holds 0.2 months of operating reserves (limited), has a debt-to-asset ratio of 19585.1% (high leverage).
Financial Trends
Over 14 years of filings (2008–2023), Allan Houston Legacy Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -10.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.5% | +13.4% | -92.9% |
| 2022 | +1035.3% | -67.2% | +53.9% |
| 2021 | -93.4% | -44.3% | -95.1% |
| 2020 | -13.4% | -0.1% | -56.9% |
| 2019 | -87.7% | +164.5% | -34.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Allan Houston Legacy Foundation Inc with a Mission Score of 55 out of 100 (Fair). 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, Allan Houston Legacy Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $19K, with expenses exceeding revenue.
- Debt-to-asset ratio: 19585.1%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that officers are either unpaid volunteers or receive no reportable compensation, which is a positive for minimizing administrative overhead.
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 Allan Houston Legacy Foundation Inc's IRS 990 filings:
- Significant and unexplained discrepancy between provided 'Latest Revenue/Assets' and recent 990 filing data.
- Liabilities frequently exceed assets in recent years, indicating potential financial instability.
- Highly volatile revenue streams, making consistent program planning and delivery challenging.
- Consistent net losses (expenses exceeding revenue) in several recent years (e.g., 2023, 2021, 2020, 2019, 2017, 2015, 2014).
Strengths
The following positive indicators were identified for Allan Houston Legacy Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating a volunteer-driven or very lean leadership structure.
- Demonstrated ability to raise significant funds in certain periods, such as the $1.3 million in 2018.
Frequently Asked Questions about Allan Houston Legacy Foundation Inc
Is Allan Houston Legacy Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Allan Houston Legacy Foundation Inc (EIN: 208962490) some concerns. Mission Score: 55/100. 4 red flags identified, 2 strengths noted.
How does Allan Houston Legacy Foundation Inc spend its money?
Allan Houston Legacy Foundation Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Allan Houston Legacy Foundation Inc tax-deductible?
Allan Houston Legacy Foundation Inc is registered as a tax-exempt nonprofit (EIN: 208962490). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Allan Houston Legacy Foundation Inc's spending goes to programs?
Allan Houston Legacy Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Allan Houston Legacy Foundation Inc compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Allan Houston Legacy Foundation Inc is near average for NTEE category S20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Allan Houston Legacy Foundation Inc located?
Allan Houston Legacy Foundation Inc is headquartered in Troy, Michigan and files with the IRS under EIN 208962490. It is classified under NTEE code S20.
How many years of IRS 990 filings does Allan Houston Legacy Foundation Inc have?
Allan Houston Legacy Foundation Inc has 14 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 $1.9M in total revenue.
Why is there a significant discrepancy between the 'Latest Revenue' and 'Assets' provided and the figures in recent 990 filings?
The provided 'Latest Revenue' of $1,948,378 and 'Assets' of $1,376,529 are not reflected in the most recent 990 filings, which show much lower figures (e.g., 2023 revenue $95,445, assets $1,653). This discrepancy needs clarification to understand the organization's current financial state.
How does the organization manage its consistent liabilities, which often exceed its assets?
The organization consistently reports liabilities ranging from $239,807 to $326,524. In many recent years (e.g., 2023, 2022, 2021, 2020, 2017), these liabilities significantly outweigh reported assets, raising questions about financial solvency and long-term stability.
What caused the drastic fluctuations in revenue, particularly the peak in 2018 ($1,319,872) followed by much lower revenues in subsequent years?
The organization experienced a substantial revenue spike in 2018, which was not sustained in following years. Understanding the source of this revenue and why it wasn't maintained is crucial for assessing fundraising effectiveness and future financial projections.
Filing History
IRS 990 filing history for Allan Houston Legacy Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2008–2023), Allan Houston Legacy Foundation Inc's revenue has declined by 79.4%, moving from $463K to $95K. Total assets decreased by 91.8% over the same period, from $20K to $2K. Total functional expenses fell by 81.1%, from $604K to $114K. In its most recent filing year (2023), Allan Houston Legacy Foundation Inc reported a deficit of $19K, with expenses exceeding revenue. The organization holds $324K in liabilities against $2K in assets (debt-to-asset ratio: 19585.1%), resulting in net assets of $-322,088.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $95K | $114K | $2K | $324K | — | View 990 |
| 2022 | $105K | $101K | $23K | $327K | — | — |
| 2021 | $9K | $307K | $15K | $323K | — | View 990 |
| 2020 | $141K | $552K | $313K | $322K | — | — |
| 2019 | $163K | $553K | $725K | $324K | — | View 990 |
| 2018 | $1.3M | $209K | $1.1M | $322K | — | View 990 |
| 2017 | $21K | $164K | $3K | $322K | — | View 990 |
| 2016 | $165K | $92K | $101K | $277K | — | View 990 |
| 2015 | $77K | $104K | $29K | $277K | — | View 990 |
| 2014 | $165K | $261K | $17K | $240K | — | View 990 |
| 2013 | $386K | $292K | $71K | $61K | — | View 990 |
| 2012 | $521K | $537K | $68K | $73K | — | View 990 |
| 2010 | $79K | $144K | $17K | $101K | — | View 990 |
| 2008 | $463K | $604K | $20K | $55K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $95K, expenses of $114K, and assets of $2K (revenue -9.5% year-over-year).
- 2022: Revenue of $105K, expenses of $101K, and assets of $23K (revenue +1035.3% year-over-year).
- 2021: Revenue of $9K, expenses of $307K, and assets of $15K (revenue -93.4% year-over-year).
- 2020: Revenue of $141K, expenses of $552K, and assets of $313K (revenue -13.4% year-over-year).
- 2019: Revenue of $163K, expenses of $553K, and assets of $725K (revenue -87.7% year-over-year).
- 2018: Revenue of $1.3M, expenses of $209K, and assets of $1.1M (revenue +6338.4% year-over-year).
- 2017: Revenue of $21K, expenses of $164K, and assets of $3K (revenue -87.5% year-over-year).
- 2016: Revenue of $165K, expenses of $92K, and assets of $101K (revenue +112.3% year-over-year).
- 2015: Revenue of $77K, expenses of $104K, and assets of $29K (revenue -53.2% year-over-year).
- 2014: Revenue of $165K, expenses of $261K, and assets of $17K (revenue -57.2% year-over-year).
- 2013: Revenue of $386K, expenses of $292K, and assets of $71K (revenue -25.8% year-over-year).
- 2012: Revenue of $521K, expenses of $537K, and assets of $68K (revenue +556.4% year-over-year).
- 2010: Revenue of $79K, expenses of $144K, and assets of $17K (revenue -82.8% year-over-year).
- 2008: Revenue of $463K, expenses of $604K, and assets of $20K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Allan Houston Legacy Foundation Inc:
Data Sources and Methodology
This transparency report for Allan Houston Legacy 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.