American Electric Power Foundation
American Electric Power Foundation consistently directs funds to programs, maintaining strong assets despite fluctuating annual revenues.
EIN: 203886453 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
Is American Electric Power Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
American Electric Power Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About American Electric Power Foundation
American Electric Power Foundation (EIN: 203886453) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $71.3M and total assets of $65.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of American Electric Power Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
American Electric Power Foundation is a major nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.9M |
| Total Expenses | $27.0M |
| Surplus / Deficit | $-21,159,879 |
| Total Assets | $74.3M |
| Total Liabilities | $1 |
| Net Assets | $74.3M |
| Operating Margin | -361.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 33.0 months |
Financial Health Grade: B
In 2023, American Electric Power Foundation reported a deficit of $21.2M with expenses exceeding revenue, holds 33.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), American Electric Power Foundation's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -92.7% | -9.5% | -22.6% |
| 2022 | +683.0% | -12.2% | +55.9% |
| 2021 | +60.0% | -6.7% | -28.0% |
| 2020 | -88.5% | +10.7% | -22.6% |
| 2019 | +2113.1% | +270.7% | +129.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Electric Power Foundation with a Mission Score of 90 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: 4%
- programs: 95%
- fundraising: 1%
According to IRS 990 filings, American Electric Power Foundation allocates its expenses as follows: admin: 4%, programs: 95%, fundraising: 1%. With 95% 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 deficit of $21.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The American Electric Power Foundation reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid or compensated through other means not reported as officer compensation on the 990, which is a positive for donor confidence regarding executive pay.
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 Electric Power Foundation's IRS 990 filings:
- Significant year-over-year revenue volatility, which could impact long-term planning if not managed by a strong asset base.
Strengths
The following positive indicators were identified for American Electric Power Foundation:
- Consistently high program spending ratio (estimated 95% of expenses).
- Zero reported officer compensation across all filings.
- Strong asset base ($74,342,346 in 2023) relative to minimal liabilities ($1 in 2023).
- Demonstrates ability to fund programs even when annual revenue is lower than expenses, utilizing accumulated assets.
Frequently Asked Questions about American Electric Power Foundation
Is American Electric Power Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, American Electric Power Foundation (EIN: 203886453) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does American Electric Power Foundation spend its money?
American Electric Power Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to American Electric Power Foundation tax-deductible?
American Electric Power Foundation is registered as a tax-exempt nonprofit (EIN: 203886453). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the American Electric Power Foundation a good charity?
Based on the available data, the American Electric Power Foundation appears to be a good charity. It consistently allocates a very high percentage of its expenses to programs (estimated 95%), reports no officer compensation, and maintains a healthy asset base relative to its liabilities.
How does the foundation manage its finances given the volatile revenue?
The foundation manages its finances by drawing from its substantial asset base. For instance, in 2023, revenue was $5,857,994 while expenses were $27,017,873, indicating that the foundation utilized its accumulated assets to fund its programs, demonstrating a long-term financial strategy.
What is the trend in the foundation's assets?
The foundation's assets have fluctuated over the years, reaching a high of $110,474,087 in 2019 and standing at $74,342,346 in 2023. While there's been some decline from peak years, the asset base remains robust and significantly higher than liabilities, indicating financial stability.
Filing History
IRS 990 filing history for American Electric Power Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), American Electric Power Foundation's revenue has grown by 37.2%, moving from $4.3M to $5.9M. Total assets increased by 19.7% over the same period, from $62.1M to $74.3M. Total functional expenses rose by 34.4%, from $20.1M to $27.0M. In its most recent filing year (2023), American Electric Power Foundation reported a deficit of $21.2M, with expenses exceeding revenue. The organization holds $1 in liabilities against $74.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $74.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.9M | $27.0M | $74.3M | $1 | — | — |
| 2022 | $79.9M | $29.8M | $96.0M | $22.9M | — | View 990 |
| 2021 | $10.2M | $34.0M | $61.6M | $25.4M | — | — |
| 2020 | $6.4M | $36.4M | $85.5M | $28.2M | — | View 990 |
| 2019 | $55.4M | $32.9M | $110.5M | $27.4M | — | View 990 |
| 2015 | $2.5M | $8.9M | $48.2M | $19.2M | — | View 990 |
| 2014 | $3.6M | $12.8M | $56.7M | $18.6M | — | View 990 |
| 2013 | $8.3M | $13.0M | $61.2M | $14.6M | — | View 990 |
| 2012 | $5.2M | $9.5M | $59.7M | $10.6M | — | View 990 |
| 2011 | $4.3M | $20.1M | $62.1M | $10.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.9M, expenses of $27.0M, and assets of $74.3M (revenue -92.7% year-over-year).
- 2022: Revenue of $79.9M, expenses of $29.8M, and assets of $96.0M (revenue +683.0% year-over-year).
- 2021: Revenue of $10.2M, expenses of $34.0M, and assets of $61.6M (revenue +60.0% year-over-year).
- 2020: Revenue of $6.4M, expenses of $36.4M, and assets of $85.5M (revenue -88.5% year-over-year).
- 2019: Revenue of $55.4M, expenses of $32.9M, and assets of $110.5M (revenue +2113.1% year-over-year).
- 2015: Revenue of $2.5M, expenses of $8.9M, and assets of $48.2M (revenue -31.4% year-over-year).
- 2014: Revenue of $3.6M, expenses of $12.8M, and assets of $56.7M (revenue -56.1% year-over-year).
- 2013: Revenue of $8.3M, expenses of $13.0M, and assets of $61.2M (revenue +59.2% year-over-year).
- 2012: Revenue of $5.2M, expenses of $9.5M, and assets of $59.7M (revenue +22.3% year-over-year).
- 2011: Revenue of $4.3M, expenses of $20.1M, and assets of $62.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for American Electric Power Foundation:
Data Sources and Methodology
This transparency report for American Electric Power 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.