American College Of Bankruptcy Foundation
American College Of Bankruptcy Foundation shows consistent asset growth and zero reported officer compensation over a decade.
EIN: 10656156 · Dover, DE · NTEE: B82 · Updated: 2026-03-28
Is American College Of Bankruptcy Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
American College Of Bankruptcy Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About American College Of Bankruptcy Foundation
American College Of Bankruptcy Foundation (EIN: 10656156) is a nonprofit organization based in Dover, DE, classified under NTEE code B82. The organization reported total revenue of $1.3M and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of American College Of Bankruptcy Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates American College Of Bankruptcy Foundation 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, American College Of Bankruptcy Foundation allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The American College Of Bankruptcy Foundation consistently reports 0% officer compensation across all available filings, indicating that its executive leadership is not compensated through traditional officer salaries, which is highly favorable for donor perception and 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.
Strengths
The following positive indicators were identified for American College Of Bankruptcy Foundation:
- Consistent asset growth, from $1,211,197 in 2014 to $2,797,100 in 2023.
- Zero reported officer compensation across all available filings.
- Low liabilities relative to assets, indicating strong financial health.
- Consistent revenue growth over the past decade.
- Regular and transparent IRS 990 filing history.
Frequently Asked Questions about American College Of Bankruptcy Foundation
Is American College Of Bankruptcy Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, American College Of Bankruptcy Foundation (EIN: 10656156) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does American College Of Bankruptcy Foundation spend its money?
American College Of Bankruptcy Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to American College Of Bankruptcy Foundation tax-deductible?
American College Of Bankruptcy Foundation is registered as a tax-exempt nonprofit (EIN: 10656156). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the American College Of Bankruptcy Foundation financially stable?
Yes, the foundation is financially stable, demonstrating consistent asset growth from $1,211,197 in 2014 to $2,797,100 in 2023, and maintaining low liabilities.
Does the American College Of Bankruptcy Foundation pay its officers?
Based on the IRS 990 filings, the American College Of Bankruptcy Foundation consistently reports 0% officer compensation, suggesting officers are not paid through this mechanism.
How has the foundation's revenue changed over time?
The foundation's revenue has shown a positive trend, increasing from $513,288 in 2014 to $821,124 in 2023, indicating growing support and financial capacity.
What is the organization's approach to executive compensation?
The organization's approach to executive compensation appears to be highly conservative, with no officer compensation reported in any of the available IRS 990 filings, which is a strong indicator of efficient resource allocation.
Filing History
IRS 990 filing history for American College Of Bankruptcy Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), American College Of Bankruptcy Foundation's revenue has grown by 371.8%, moving from $174K to $821K. Total assets increased by 243.6% over the same period, from $814K to $2.8M. Total functional expenses rose by 504.8%, from $115K to $694K. In its most recent filing year (2023), American College Of Bankruptcy Foundation reported a surplus of $128K, with revenue exceeding expenses. The organization holds $40K in liabilities against $2.8M in assets (debt-to-asset ratio: 1.4%), resulting in net assets of $2.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $821K | $694K | $2.8M | $40K | — | View 990 |
| 2022 | $751K | $542K | $2.4M | $0 | — | View 990 |
| 2021 | $735K | $516K | $2.5M | $0 | — | — |
| 2020 | $658K | $413K | $2.2M | $0 | — | View 990 |
| 2019 | $596K | $512K | $1.8M | $0 | — | View 990 |
| 2018 | $580K | $481K | $1.6M | $0 | — | View 990 |
| 2017 | $556K | $501K | $1.5M | $0 | — | View 990 |
| 2016 | $552K | $508K | $1.4M | $2K | — | View 990 |
| 2015 | $542K | $354K | $1.4M | $3K | — | View 990 |
| 2014 | $513K | $355K | $1.2M | $0 | — | View 990 |
| 2013 | $249K | $131K | $1.1M | $8K | — | View 990 |
| 2012 | $215K | $89K | $935K | $456 | — | View 990 |
| 2011 | $174K | $115K | $814K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $821K, expenses of $694K, and assets of $2.8M (revenue +9.3% year-over-year).
- 2022: Revenue of $751K, expenses of $542K, and assets of $2.4M (revenue +2.2% year-over-year).
- 2021: Revenue of $735K, expenses of $516K, and assets of $2.5M (revenue +11.7% year-over-year).
- 2020: Revenue of $658K, expenses of $413K, and assets of $2.2M (revenue +10.4% year-over-year).
- 2019: Revenue of $596K, expenses of $512K, and assets of $1.8M (revenue +2.7% year-over-year).
- 2018: Revenue of $580K, expenses of $481K, and assets of $1.6M (revenue +4.4% year-over-year).
- 2017: Revenue of $556K, expenses of $501K, and assets of $1.5M (revenue +0.7% year-over-year).
- 2016: Revenue of $552K, expenses of $508K, and assets of $1.4M (revenue +1.8% year-over-year).
- 2015: Revenue of $542K, expenses of $354K, and assets of $1.4M (revenue +5.6% year-over-year).
- 2014: Revenue of $513K, expenses of $355K, and assets of $1.2M (revenue +105.9% year-over-year).
- 2013: Revenue of $249K, expenses of $131K, and assets of $1.1M (revenue +16.1% year-over-year).
- 2012: Revenue of $215K, expenses of $89K, and assets of $935K (revenue +23.4% year-over-year).
- 2011: Revenue of $174K, expenses of $115K, and assets of $814K.
Data Sources and Methodology
This transparency report for American College Of Bankruptcy 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.