Allemall Foundation Inc
Allemall Foundation Inc. consistently retains significant revenue, building substantial assets with minimal operational expenses and no reported officer compensation.
EIN: 200514500 · Frederick, MD · NTEE: T23 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $14.2M |
| Total Expenses | $453K |
| Program Spending | 90% |
| Net Assets | $22.5M |
| Transparency Score | 92/100 |
Is Allemall Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Allemall Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Allemall Foundation Inc
Allemall Foundation Inc (EIN: 200514500) is a nonprofit organization based in Frederick, MD, classified under NTEE code T23. The organization reported total revenue of $14.2M and total assets of $32.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Allemall Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Allemall Foundation Inc is a large nonprofit that has been operating for 6 years, with 9 years of IRS 990 filings on record (2012–2023). 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 | $5.3M |
| Total Expenses | $453K |
| Surplus / Deficit | +$4.8M |
| Total Assets | $24.7M |
| Total Liabilities | $2.2M |
| Net Assets | $22.5M |
| Operating Margin | 91.4% |
| Debt-to-Asset Ratio | 8.7% |
| Months of Reserves | 654.0 months |
Financial Health Grade: A
In 2023, Allemall Foundation Inc reported a surplus of $4.8M with revenue exceeding expenses, holds 654.0 months of operating reserves (strong position), has a debt-to-asset ratio of 8.7% (very low leverage).
Financial Trends
Over 9 years of filings (2012–2023), Allemall Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.1% | +19.0% | +25.3% |
| 2022 | +115.2% | -16.1% | +37.7% |
| 2021 | -37.2% | -24.5% | +14.7% |
| 2020 | +45.5% | +18.8% | +6.4% |
| 2019 | +229.2% | -10.1% | +40.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2020 |
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 Allemall Foundation Inc with a Mission Score of 92 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Allemall Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 $4.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all filings, indicating that the organization's leadership either serves on a volunteer basis or is compensated through an external entity, which is highly favorable for resource allocation.
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 Allemall Foundation Inc's IRS 990 filings:
- Lack of detailed program spending breakdown in provided data, making it difficult to assess direct impact of funds.
Strengths
The following positive indicators were identified for Allemall Foundation Inc:
- Consistent asset growth, from $3,940,933 in 201206 to $32,797,632 currently, indicating strong financial stewardship.
- Extremely low operational expenses relative to revenue, demonstrating high efficiency in resource management.
- 0% officer compensation reported across all filings, suggesting a commitment to directing funds towards the mission.
- Significant revenue generation, with latest revenue at $14,215,689, indicating strong donor support or investment returns.
- Positive net assets (Assets significantly exceed Liabilities) in all reported periods, reflecting financial stability.
Frequently Asked Questions about Allemall Foundation Inc
Is Allemall Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Allemall Foundation Inc (EIN: 200514500) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Allemall Foundation Inc spend its money?
Allemall Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Allemall Foundation Inc tax-deductible?
Allemall Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200514500). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Allemall Foundation Inc's spending goes to programs?
Allemall Foundation Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Allemall Foundation Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Allemall Foundation Inc is above average for NTEE category T23 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Allemall Foundation Inc located?
Allemall Foundation Inc is headquartered in Frederick, Maryland and files with the IRS under EIN 200514500. It is classified under NTEE code T23.
How many years of IRS 990 filings does Allemall Foundation Inc have?
Allemall Foundation Inc has 9 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 $14.2M in total revenue.
What are the specific programs or grants funded by Allemall Foundation Inc. given its low expense ratio?
The provided data indicates very low operational expenses relative to revenue, suggesting that the foundation primarily functions as a grant-making entity or an endowment builder. Further investigation into their Schedule I (Grants and Other Assistance) or narrative descriptions in their full 990 filings would clarify their specific programmatic activities and beneficiaries.
How does Allemall Foundation Inc. manage its operations with such consistently low expenses?
The consistently low expenses, such as $453,118 in 202306 against over $5 million in revenue, suggest a lean operational model, potentially relying heavily on volunteer support, outsourced administrative services, or minimal physical infrastructure. This efficiency allows a greater proportion of assets to be directed towards its mission or endowment.
What is the nature of the liabilities reported, especially the higher figures in 201906 ($5,172,699) and 202106 ($2,291,201)?
The fluctuations in liabilities, particularly the higher amounts in certain years, could represent various obligations such as grants payable, program-related investments, or other short-term debts. A detailed review of the balance sheet in the full 990 would be necessary to understand the specific nature of these liabilities.
Filing History
IRS 990 filing history for Allemall Foundation Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2023), Allemall Foundation Inc's revenue has grown by 185.2%, moving from $1.8M to $5.3M. Total assets increased by 526.7% over the same period, from $3.9M to $24.7M. Total functional expenses fell by 26.8%, from $619K to $453K. In its most recent filing year (2023), Allemall Foundation Inc reported a surplus of $4.8M, with revenue exceeding expenses. The organization holds $2.2M in liabilities against $24.7M in assets (debt-to-asset ratio: 8.7%), resulting in net assets of $22.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.3M | $453K | $24.7M | $2.2M | — | — |
| 2022 | $5.7M | $381K | $19.7M | $1.9M | — | View 990 |
| 2021 | $2.7M | $454K | $14.3M | $2.3M | — | View 990 |
| 2020 | $4.2M | $601K | $12.5M | $2.3M | — | View 990 |
| 2019 | $2.9M | $506K | $11.7M | $5.2M | — | View 990 |
| 2015 | $886K | $563K | $8.4M | $435K | — | View 990 |
| 2014 | $5.3M | $533K | $10.2M | $471K | — | View 990 |
| 2013 | $1.5M | $478K | $5.0M | $1 | — | View 990 |
| 2012 | $1.8M | $619K | $3.9M | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.3M, expenses of $453K, and assets of $24.7M (revenue -8.1% year-over-year).
- 2022: Revenue of $5.7M, expenses of $381K, and assets of $19.7M (revenue +115.2% year-over-year).
- 2021: Revenue of $2.7M, expenses of $454K, and assets of $14.3M (revenue -37.2% year-over-year).
- 2020: Revenue of $4.2M, expenses of $601K, and assets of $12.5M (revenue +45.5% year-over-year).
- 2019: Revenue of $2.9M, expenses of $506K, and assets of $11.7M (revenue +229.2% year-over-year).
- 2015: Revenue of $886K, expenses of $563K, and assets of $8.4M (revenue -83.3% year-over-year).
- 2014: Revenue of $5.3M, expenses of $533K, and assets of $10.2M (revenue +249.1% year-over-year).
- 2013: Revenue of $1.5M, expenses of $478K, and assets of $5.0M (revenue -17.7% year-over-year).
- 2012: Revenue of $1.8M, expenses of $619K, and assets of $3.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Allemall Foundation Inc:
Data Sources and Methodology
This transparency report for Allemall 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.