Amati Foundation
Amati Foundation's assets plummet 98% over a decade amid persistent revenue shortfalls.
EIN: 10797648 · Las Vegas, NV · NTEE: A68 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8K |
| Total Expenses | $7K |
| Net Assets | $-419 |
| Transparency Score | 10/100 |
Is Amati Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Amati Foundation
Amati Foundation (EIN: 10797648) is a nonprofit organization based in Las Vegas, NV, classified under NTEE code A68. The organization reported total revenue of $8K and total assets of $16K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Amati Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Amati Foundation is a micro nonprofit that has been operating for 23 years, with 12 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -100.0% | -87.0% | -35.3% |
| 2021 | -100.0% | -9.3% | -70.8% |
| 2020 | -82.4% | +1.0% | -42.5% |
| 2019 | +6687.5% | +1.3% | -28.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Amati Foundation with a Mission Score of 10 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Amati Foundation allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 101.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation, indicating no paid executive leadership. While this might suggest low overhead in one area, it doesn't prevent the significant financial decline observed.
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 Amati Foundation's IRS 990 filings:
- Consistent and significant net losses for over a decade (e.g., $0 revenue vs. $7,089 expenses in 2023).
- Dramatic 98% decline in assets from $1,519,362 in 2014 to $22,166 in 2023.
- Liabilities ($22,585 in 2023) exceeding total assets ($22,166) in the latest filing.
- Zero revenue reported in multiple years (e.g., 2023, 2021, 2017, 2016), indicating a lack of consistent funding sources.
Strengths
The following positive indicators were identified for Amati Foundation:
- Consistent reporting of 0% officer compensation, indicating no paid executive salaries.
Frequently Asked Questions about Amati Foundation
Is Amati Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Amati Foundation (EIN: 10797648) significant concerns. Mission Score: 10/100. 4 red flags identified, 1 strength noted.
How does Amati Foundation spend its money?
Detailed spending breakdown data is not yet available for Amati Foundation. Check back for updated IRS 990 analysis.
Are donations to Amati Foundation tax-deductible?
Amati Foundation is registered as a tax-exempt nonprofit (EIN: 10797648). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Amati Foundation compare to similar nonprofits?
With a transparency score of 10/100 (Very Poor), Amati Foundation is below average for NTEE category A68 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Amati Foundation located?
Amati Foundation is headquartered in Las Vegas, Nevada and files with the IRS under EIN 10797648. It is classified under NTEE code A68.
How many years of IRS 990 filings does Amati Foundation have?
Amati Foundation has 12 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 $8K in total revenue.
Is Amati Foundation a good charity?
Based on the financial data, the Amati Foundation appears to be in severe financial distress, with assets declining by 98% over a decade and expenses consistently far exceeding revenue. This raises significant concerns about its long-term viability and ability to effectively carry out its mission.
Why are the assets decreasing so rapidly?
The rapid decrease in assets, from over $1.5 million in 2014 to $22,166 in 2023, is primarily due to the organization consistently spending significantly more than it generates in revenue. For instance, in 2020, revenue was $4,770 while expenses were $217,407, leading to a substantial draw-down on its asset base.
What is the organization spending its money on?
Without a detailed functional expense breakdown from the 990 filings, it's impossible to determine the specific allocation of expenses between program services, administrative costs, and fundraising. However, given the consistent net losses, the spending is unsustainable relative to its income.
Does the Amati Foundation have enough money to cover its liabilities?
In 2023, the organization reported assets of $22,166 and liabilities of $22,585. This indicates that its liabilities slightly exceed its assets, suggesting potential insolvency and an inability to cover its debts with its current resources.
Filing History
IRS 990 filing history for Amati Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Amati Foundation's revenue has declined by 100%, moving from $22K to $0. Total assets decreased by 89.2% over the same period, from $205K to $22K. Total functional expenses fell by 75.2%, from $29K to $7K. The organization holds $23K in liabilities against $22K in assets (debt-to-asset ratio: 101.9%), resulting in net assets of $-419.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $0 | $7K | $22K | $23K | — | — |
| 2022 | $7K | $54K | $34K | $28K | — | View 990 |
| 2021 | $0 | $197K | $81K | $28K | — | View 990 |
| 2020 | $5K | $217K | $278K | $28K | — | View 990 |
| 2019 | $27K | $215K | $484K | $0 | — | View 990 |
| 2018 | $400 | $213K | $672K | $21K | — | View 990 |
| 2017 | $0 | $213K | $884K | $21K | — | View 990 |
| 2016 | $0 | $213K | $1.1M | $21K | — | View 990 |
| 2015 | $1K | $212K | $1.3M | $21K | — | View 990 |
| 2014 | $12K | $211K | $1.5M | $21K | — | View 990 |
| 2013 | $18K | $217K | $1.7M | $21K | — | View 990 |
| 2011 | $22K | $29K | $205K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $0, expenses of $7K, and assets of $22K (revenue -100.0% year-over-year).
- 2022: Revenue of $7K, expenses of $54K, and assets of $34K.
- 2021: Revenue of $0, expenses of $197K, and assets of $81K (revenue -100.0% year-over-year).
- 2020: Revenue of $5K, expenses of $217K, and assets of $278K (revenue -82.4% year-over-year).
- 2019: Revenue of $27K, expenses of $215K, and assets of $484K (revenue +6687.5% year-over-year).
- 2018: Revenue of $400, expenses of $213K, and assets of $672K.
- 2017: Revenue of $0, expenses of $213K, and assets of $884K.
- 2016: Revenue of $0, expenses of $213K, and assets of $1.1M (revenue -100.0% year-over-year).
- 2015: Revenue of $1K, expenses of $212K, and assets of $1.3M (revenue -90.6% year-over-year).
- 2014: Revenue of $12K, expenses of $211K, and assets of $1.5M (revenue -34.9% year-over-year).
- 2013: Revenue of $18K, expenses of $217K, and assets of $1.7M (revenue -17.5% year-over-year).
- 2011: Revenue of $22K, expenses of $29K, and assets of $205K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Amati Foundation:
Data Sources and Methodology
This transparency report for Amati 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.