Amsted Industries Foundation
EIN: 366050609 · Chicago, IL
| Metric | Value |
|---|---|
| Total Revenue | $460K |
| Total Expenses | $380K |
| Net Assets | $-66,128 |
Is Amsted Industries Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Amsted Industries Foundation
Amsted Industries Foundation (EIN: 366050609) is a nonprofit organization based in Chicago, IL. The organization reported total revenue of $460K and total assets of $6K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Amsted Industries Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Amsted Industries Foundation is a small nonprofit that has been operating for 71 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 | $332K |
| Total Expenses | $380K |
| Surplus / Deficit | $-48,245 |
| Total Assets | $-56,128 |
| Total Liabilities | $10K |
| Net Assets | $-66,128 |
| Operating Margin | -14.5% |
| Months of Reserves | -1.8 months |
Financial Health Grade: D
In 2023, Amsted Industries Foundation reported a deficit of $48K with expenses exceeding revenue, holds -1.8 months of operating reserves (limited).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.2% | +13.7% | — |
| 2022 | +81.5% | +58.5% | — |
| 2021 | -41.1% | -43.4% | -207.7% |
| 2020 | -11.4% | +2.4% | +281.1% |
| 2019 | -13.7% | -13.5% | -47.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1955 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Amsted Industries Foundation 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 Amsted Industries Foundation 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 $48K, with expenses exceeding revenue.
Frequently Asked Questions about Amsted Industries Foundation
Is Amsted Industries Foundation a legitimate charity?
Amsted Industries Foundation (EIN: 366050609) is a registered tax-exempt nonprofit based in Illinois. It has 10 years of IRS 990 filings on record. Total revenue: $460K. No red flags identified. Financial health grade: D.
How does Amsted Industries Foundation spend its money?
Amsted Industries Foundation reported $460K 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 Amsted Industries Foundation tax-deductible?
Amsted Industries Foundation is registered as a tax-exempt nonprofit (EIN: 366050609). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Amsted Industries Foundation located?
Amsted Industries Foundation is headquartered in Chicago, Illinois and files with the IRS under EIN 366050609.
How many years of IRS 990 filings does Amsted Industries Foundation have?
Amsted Industries Foundation 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 $460K in total revenue.
Filing History
IRS 990 filing history for Amsted Industries Foundation showing financial trends over 10 years of public records:
Total assets decreased by 5958.9% over the same period, from $958 to $-56,128. Total functional expenses fell by 0.1%, from $381K to $380K. In its most recent filing year (2023), Amsted Industries Foundation reported a deficit of $48K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $332K | $380K | $-56,128 | $10K | — | View 990 |
| 2022 | $343K | $334K | $-7,883 | $25K | — | View 990 |
| 2021 | $189K | $211K | $-16,563 | $40K | — | View 990 |
| 2020 | $321K | $373K | $15K | $45K | — | View 990 |
| 2019 | $363K | $364K | $4K | $30K | — | View 990 |
| 2015 | $420K | $421K | $8K | $20K | — | View 990 |
| 2014 | $392K | $448K | $8K | $10K | — | View 990 |
| 2013 | $405K | $343K | $64K | $17K | — | View 990 |
| 2012 | $396K | $396K | $952 | $20K | — | View 990 |
| 2011 | $-4,922 | $381K | $958 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $332K, expenses of $380K, and assets of $-56,128 (revenue -3.2% year-over-year).
- 2022: Revenue of $343K, expenses of $334K, and assets of $-7,883 (revenue +81.5% year-over-year).
- 2021: Revenue of $189K, expenses of $211K, and assets of $-16,563 (revenue -41.1% year-over-year).
- 2020: Revenue of $321K, expenses of $373K, and assets of $15K (revenue -11.4% year-over-year).
- 2019: Revenue of $363K, expenses of $364K, and assets of $4K (revenue -13.7% year-over-year).
- 2015: Revenue of $420K, expenses of $421K, and assets of $8K (revenue +7.0% year-over-year).
- 2014: Revenue of $392K, expenses of $448K, and assets of $8K (revenue -3.2% year-over-year).
- 2013: Revenue of $405K, expenses of $343K, and assets of $64K (revenue +2.3% year-over-year).
- 2012: Revenue of $396K, expenses of $396K, and assets of $952.
- 2011: Revenue of $-4,922, expenses of $381K, and assets of $958.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Amsted Industries Foundation:
Data Sources and Methodology
This transparency report for Amsted Industries 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.