American Armoured Foundation Inc
American Armoured Foundation reports significant negative revenue and asset decline in latest filing, with liabilities soaring.
EIN: 112576689 · Dry Fork, VA · NTEE: A54 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $542K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $7 |
| Net Assets | $7.9M |
| Transparency Score | 45/100 |
Is American Armoured Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
American Armoured Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About American Armoured Foundation Inc
American Armoured Foundation Inc (EIN: 112576689) is a nonprofit organization based in Dry Fork, VA, classified under NTEE code A54. The organization reported total revenue of $1.5M and total assets of $7.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of American Armoured Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
American Armoured Foundation Inc is a mid-size nonprofit that has been operating for 45 years, with 10 years of IRS 990 filings on record (2012–2024).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -864.9% | +17.5% | -58.0% |
| 2023 | -65.1% | +12.9% | -1.2% |
| 2022 | +18.9% | +16.4% | +1.4% |
| 2021 | +112.4% | -7.3% | +1.2% |
| 2020 | -30.4% | -6.2% | +15.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1981 |
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 American Armoured Foundation Inc with a Mission Score of 45 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, American Armoured 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 (2024)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all provided filings, indicating that no salaries or other compensation are paid to its officers, which is highly unusual for an organization with assets exceeding $7 million.
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 American Armoured Foundation Inc's IRS 990 filings:
- Negative revenue of $-1,806,697 in the latest filing (202403).
- Dramatic decrease in assets from $18.7 million to $7.8 million in one year (202303 to 202403).
- Sudden and significant increase in liabilities to $4,399,000 in 202403 from minimal levels.
- Highly volatile revenue streams over the past several years.
- Lack of detailed expense breakdown to assess program efficiency.
Strengths
The following positive indicators were identified for American Armoured Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating no executive pay.
- Historically maintained substantial assets, though recently declined.
- Long filing history (10 filings) indicates consistent reporting to the IRS.
Frequently Asked Questions about American Armoured Foundation Inc
Is American Armoured Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, American Armoured Foundation Inc (EIN: 112576689) significant concerns. Mission Score: 45/100. 5 red flags identified, 3 strengths noted.
How does American Armoured Foundation Inc spend its money?
American Armoured Foundation Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to American Armoured Foundation Inc tax-deductible?
American Armoured Foundation Inc is registered as a tax-exempt nonprofit (EIN: 112576689). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the American Armoured Foundation Inc CEO make?
American Armoured Foundation Inc's highest-compensated officer earns $7 annually. The organization reported $1.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of American Armoured Foundation Inc's spending goes to programs?
American Armoured Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does American Armoured Foundation Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), American Armoured Foundation Inc is near average for NTEE category A54 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is American Armoured Foundation Inc located?
American Armoured Foundation Inc is headquartered in Dry Fork, Virginia and files with the IRS under EIN 112576689. It is classified under NTEE code A54.
How many years of IRS 990 filings does American Armoured Foundation Inc have?
American Armoured Foundation Inc 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 $1.5M in total revenue.
What caused the $-1,806,697 negative revenue in Period 202403?
The provided data does not specify the cause of the negative revenue, but it is a critical area for further investigation, potentially indicating significant losses from investments, asset sales, or other financial activities.
Why did the organization's assets drop from $18,756,618 in 202303 to $7,870,132 in 202403?
This substantial decrease in assets, over $10 million, is not explained by the provided data and could be due to asset sales, significant write-downs, or other major financial events.
What led to the dramatic increase in liabilities from $6,002 in 202303 to $4,399,000 in 202403?
The sudden surge in liabilities suggests the organization incurred significant debt or other financial obligations, which is a major concern for its financial health.
How does the organization sustain operations with 0% officer compensation?
This suggests that officers are either volunteers or compensated through other means not reported as officer compensation, or the organization relies heavily on volunteer labor for leadership roles.
What are the specific program activities and their associated costs?
The provided data lacks a detailed breakdown of expenses, making it difficult to assess the proportion of spending directly on program services versus administrative or fundraising costs.
Filing History
IRS 990 filing history for American Armoured Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), American Armoured Foundation Inc's revenue has declined by 408.3%, moving from $586K to $-1,806,697. Total assets decreased by 50.3% over the same period, from $15.8M to $7.9M. Total functional expenses rose by 22%, from $444K to $542K. The organization holds $4K in liabilities against $7.9M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $7.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $-1,806,697 | $542K | $7.9M | $4K | — | — |
| 2023 | $236K | $461K | $18.8M | $6K | — | View 990 |
| 2022 | $678K | $408K | $19.0M | $5K | — | View 990 |
| 2021 | $570K | $351K | $18.7M | $3K | — | — |
| 2020 | $268K | $379K | $18.5M | $3K | — | View 990 |
| 2016 | $385K | $403K | $16.0M | $3K | — | View 990 |
| 2015 | $656K | $394K | $16.0M | $3K | — | View 990 |
| 2014 | $156K | $414K | $15.7M | $2K | — | View 990 |
| 2013 | $559K | $432K | $16.0M | $3K | — | View 990 |
| 2012 | $586K | $444K | $15.8M | $331 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $-1,806,697, expenses of $542K, and assets of $7.9M (revenue -864.9% year-over-year).
- 2023: Revenue of $236K, expenses of $461K, and assets of $18.8M (revenue -65.1% year-over-year).
- 2022: Revenue of $678K, expenses of $408K, and assets of $19.0M (revenue +18.9% year-over-year).
- 2021: Revenue of $570K, expenses of $351K, and assets of $18.7M (revenue +112.4% year-over-year).
- 2020: Revenue of $268K, expenses of $379K, and assets of $18.5M (revenue -30.4% year-over-year).
- 2016: Revenue of $385K, expenses of $403K, and assets of $16.0M (revenue -41.2% year-over-year).
- 2015: Revenue of $656K, expenses of $394K, and assets of $16.0M (revenue +320.3% year-over-year).
- 2014: Revenue of $156K, expenses of $414K, and assets of $15.7M (revenue -72.1% year-over-year).
- 2013: Revenue of $559K, expenses of $432K, and assets of $16.0M (revenue -4.7% year-over-year).
- 2012: Revenue of $586K, expenses of $444K, and assets of $15.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for American Armoured Foundation Inc:
Data Sources and Methodology
This transparency report for American Armoured 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.