American Counsel Scholarship Foundation Inc
EIN: 521720223 · Wilmington, DE
| Metric | Value |
|---|---|
| Total Revenue | $202 |
| Total Expenses | $6K |
| Net Assets | $26K |
Is American Counsel Scholarship Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About American Counsel Scholarship Foundation Inc
American Counsel Scholarship Foundation Inc (EIN: 521720223) is a nonprofit organization based in Wilmington, DE. The organization reported total revenue of $202 and total assets of $25K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of American Counsel Scholarship Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
American Counsel Scholarship Foundation Inc is a micro nonprofit that has been operating for 35 years, with 10 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1K |
| Total Expenses | $6K |
| Surplus / Deficit | $-4,861 |
| Total Assets | $26K |
| Total Liabilities | $1 |
| Net Assets | $26K |
| Operating Margin | -418.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 51.9 months |
Financial Health Grade: B
In 2023, American Counsel Scholarship Foundation Inc reported a deficit of $5K with expenses exceeding revenue, holds 51.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -62.7% | +326.6% | -15.7% |
| 2022 | -31.9% | -80.6% | +5.8% |
| 2021 | +726.0% | +3918.8% | -8.5% |
| 2020 | -69.4% | -96.7% | +1.2% |
| 2019 | -36.1% | +551.5% | -9.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1991 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for American Counsel Scholarship Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates American Counsel Scholarship Foundation Inc with a Mission Score of 0 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about American Counsel Scholarship Foundation Inc
Is American Counsel Scholarship Foundation Inc a legitimate charity?
American Counsel Scholarship Foundation Inc (EIN: 521720223) is a registered tax-exempt nonprofit based in Delaware. It has 10 years of IRS 990 filings on record. Total revenue: $202. No red flags identified. Financial health grade: B.
How does American Counsel Scholarship Foundation Inc spend its money?
American Counsel Scholarship Foundation Inc reported $202 in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to American Counsel Scholarship Foundation Inc tax-deductible?
American Counsel Scholarship Foundation Inc is registered as a tax-exempt nonprofit (EIN: 521720223). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is American Counsel Scholarship Foundation Inc located?
American Counsel Scholarship Foundation Inc is headquartered in Wilmington, Delaware and files with the IRS under EIN 521720223.
How many years of IRS 990 filings does American Counsel Scholarship Foundation Inc have?
American Counsel Scholarship 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 $202 in total revenue.
Filing History
IRS 990 filing history for American Counsel Scholarship Foundation Inc showing financial trends over 10 years of public records:
Total assets decreased by 23.2% over the same period, from $34K to $26K. Total functional expenses rose by 78.4%, from $3K to $6K. In its most recent filing year (2023), American Counsel Scholarship Foundation Inc reported a deficit of $5K, with expenses exceeding revenue. The organization holds $1 in liabilities against $26K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $26K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1K | $6K | $26K | $1 | — | — |
| 2022 | $3K | $1K | $31K | $1 | — | View 990 |
| 2021 | $5K | $7K | $29K | $1 | — | View 990 |
| 2020 | $554 | $181 | $32K | $1 | — | — |
| 2019 | $2K | $5K | $32K | $0 | — | View 990 |
| 2015 | $3K | $840 | $35K | $0 | — | View 990 |
| 2014 | $5K | $4K | $33K | $0 | — | View 990 |
| 2013 | $843 | $701 | $31K | $0 | — | View 990 |
| 2012 | $405 | $3K | $31K | $0 | — | View 990 |
| 2011 | $-6,088 | $3K | $34K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1K, expenses of $6K, and assets of $26K (revenue -62.7% year-over-year).
- 2022: Revenue of $3K, expenses of $1K, and assets of $31K (revenue -31.9% year-over-year).
- 2021: Revenue of $5K, expenses of $7K, and assets of $29K (revenue +726.0% year-over-year).
- 2020: Revenue of $554, expenses of $181, and assets of $32K (revenue -69.4% year-over-year).
- 2019: Revenue of $2K, expenses of $5K, and assets of $32K (revenue -36.1% year-over-year).
- 2015: Revenue of $3K, expenses of $840, and assets of $35K (revenue -46.2% year-over-year).
- 2014: Revenue of $5K, expenses of $4K, and assets of $33K (revenue +523.5% year-over-year).
- 2013: Revenue of $843, expenses of $701, and assets of $31K (revenue +108.1% year-over-year).
- 2012: Revenue of $405, expenses of $3K, and assets of $31K.
- 2011: Revenue of $-6,088, expenses of $3K, and assets of $34K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for American Counsel Scholarship Foundation Inc:
Data Sources and Methodology
This transparency report for American Counsel Scholarship 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.