Andover Foundation For Archaeological Research Limited
Andover Foundation: Modest Revenue, High Administrative Costs
EIN: 222600932 · Honolulu, HI · NTEE: T22Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $78K |
| Total Expenses | $29K |
| Program Spending | 63% |
| CEO/Top Officer Pay | $0, |
| Net Assets | $323K |
| Transparency Score | 65/100 |
Is Andover Foundation For Archaeological Research Limited Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Andover Foundation For Archaeological Research Limited directs 63% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Andover Foundation For Archaeological Research Limited
Andover Foundation For Archaeological Research Limited (EIN: 222600932) is a nonprofit organization based in Honolulu, HI, classified under NTEE code T22Z. The organization reported total revenue of $78K and total assets of $323K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Andover Foundation For Archaeological Research Limited's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Andover Foundation For Archaeological Research Limited is a micro nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 17.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $78K |
| Total Expenses | $29K |
| Surplus / Deficit | +$49K |
| Total Assets | $323K |
| Net Assets | $323K |
| Operating Margin | 63.1% |
| Months of Reserves | 134.9 months |
Financial Health Grade: A
In 2024, Andover Foundation For Archaeological Research Limited reported a surplus of $49K with revenue exceeding expenses, holds 134.9 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2024), Andover Foundation For Archaeological Research Limited's revenue has grown at a compound annual growth rate (CAGR) of 17.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +41.0% | -24.3% | +17.9% |
| 2023 | +16.1% | -41.9% | +6.7% |
| 2022 | -48.9% | +5233.9% | -6.5% |
| 2021 | +349.9% | -93.6% | +50.3% |
| 2020 | -65.9% | -64.8% | -8.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1985 |
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 Andover Foundation For Archaeological Research Limited with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 37%
- programs: 63%
- fundraising: 0%
According to IRS 990 filings, Andover Foundation For Archaeological Research Limited allocates its expenses as follows: admin: 37%, programs: 63%, fundraising: 0%. Approximately 63% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $49K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is not reported in any available filings, with all compensation listed as $0, suggesting a volunteer-led or very low-cost operational model.
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 Andover Foundation For Archaeological Research Limited's IRS 990 filings:
- Administrative expenses consistently represent a significant portion of total expenses, reaching as high as 100% in 2021 ($1,222 out of $1,222 total expenses) and 2020 ($19,083 out of $19,083 total expenses).
- Total expenses in 2021 were exceptionally low at $1,222, raising questions about the scope of activities that year.
- Despite fluctuating revenues, assets have shown a general upward trend, but the purpose of accumulating assets without significant program spending is unclear.
Strengths
The following positive indicators were identified for Andover Foundation For Archaeological Research Limited:
- Consistent financial reporting over many years demonstrates transparency and accountability.
- The organization reports no fundraising expenses, suggesting efficient use of resources or reliance on non-monetary fundraising methods.
- No reported executive compensation indicates a potentially volunteer-driven model, which can be a strength for donor trust.
Frequently Asked Questions about Andover Foundation For Archaeological Research Limited
Is Andover Foundation For Archaeological Research Limited a legitimate charity?
Andover Foundation For Archaeological Research Limited (EIN: 222600932) is a registered tax-exempt nonprofit based in Hawaii. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $78K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Andover Foundation For Archaeological Research Limited spend its money?
Andover Foundation For Archaeological Research Limited directs 63% of its spending to programs and services. This falls below the 65% benchmark.
Are donations to Andover Foundation For Archaeological Research Limited tax-deductible?
Andover Foundation For Archaeological Research Limited is registered as a tax-exempt nonprofit (EIN: 222600932). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Andover Foundation For Archaeological Research Limited CEO make?
Andover Foundation For Archaeological Research Limited's highest-compensated officer earns $0, annually. The organization reported $78K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Andover Foundation For Archaeological Research Limited compare to similar nonprofits?
With a transparency score of 65/100 (Good), Andover Foundation For Archaeological Research Limited is above average for NTEE category T22Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Andover Foundation For Archaeological Research Limited located?
Andover Foundation For Archaeological Research Limited is headquartered in Honolulu, Hawaii and files with the IRS under EIN 222600932. It is classified under NTEE code T22Z.
How many years of IRS 990 filings does Andover Foundation For Archaeological Research Limited have?
Andover Foundation For Archaeological Research Limited has 13 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 $78K in total revenue.
What does Andover Foundation For Archaeological Research Limited do?
Andover Foundation For Archaeological Research Limited is a nonprofit organization in the Philanthropy, Voluntarism & Grantmaking sector, located in Honolulu, Hawaii. It is classified under NTEE code T22Z.
How much revenue does Andover Foundation For Archaeological Research Limited have?
Andover Foundation For Archaeological Research Limited reported total revenue of $77,700. Based on 13 IRS 990 filings on record.
What are Andover Foundation For Archaeological Research Limited's total assets?
Andover Foundation For Archaeological Research Limited holds total assets of $322,638 as reported in IRS 990 filings.
Where is Andover Foundation For Archaeological Research Limited located?
Andover Foundation For Archaeological Research Limited is based in Honolulu, Hawaii.
What is Andover Foundation For Archaeological Research Limited's EIN?
Andover Foundation For Archaeological Research Limited's Employer Identification Number (EIN) is 222600932. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Andover Foundation For Archaeological Research Limited?
Andover Foundation For Archaeological Research Limited is classified under NTEE code T22Z (Philanthropy, Voluntarism & Grantmaking).
Is Andover Foundation For Archaeological Research Limited a registered 501(c)(3)?
Yes, Andover Foundation For Archaeological Research Limited is recognized as a tax-exempt organization by the IRS. EIN: 222600932.
Does Andover Foundation For Archaeological Research Limited file IRS Form 990?
Yes, Andover Foundation For Archaeological Research Limited has 13 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Andover Foundation For Archaeological Research Limited's revenue in 2024?
In the 202406 filing period, Andover Foundation For Archaeological Research Limited reported total revenue of $77,700, total expenses of $28,696, and net assets of $322,638.
Is Andover Foundation For Archaeological Research Limited's revenue growing or declining?
Andover Foundation For Archaeological Research Limited's revenue is growing. Revenue went from $55,120 (202306) to $77,700 (202406), a +41.0% change. Based on 13 filings on record.
What is Andover Foundation For Archaeological Research Limited's most recent 990 filing?
The most recent IRS Form 990 filing for Andover Foundation For Archaeological Research Limited covers tax period 202406. It shows revenue of $77,700, expenses of $28,696, total assets of $322,638, and liabilities of N/A.
How much does Andover Foundation For Archaeological Research Limited spend on programs vs administration?
Based on IRS 990 analysis, Andover Foundation For Archaeological Research Limited allocates approximately 63% of expenses to program services, 37% to administrative costs, and 0% to fundraising. Program spending is moderate relative to overhead.
Is Andover Foundation For Archaeological Research Limited a trustworthy charity?
Based on AI analysis of IRS 990 data, Andover Foundation For Archaeological Research Limited shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Andover Foundation For Archaeological Research Limited?
The following concerns were identified: Administrative expenses consistently represent a significant portion of total expenses, reaching as high as 100% in 2021 ($1,222 out of $1,222 total expenses) and 2020 ($19,083 out of $19,083 total expenses).. Total expenses in 2021 were exceptionally low at $1,222, raising questions about the scope of activities that year.. Despite fluctuating revenues, assets have shown a general upward trend, but the purpose of accumulating assets without significant program spending is unclear.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Andover Foundation For Archaeological Research Limited's strengths?
Positive indicators for Andover Foundation For Archaeological Research Limited include: Consistent financial reporting over many years demonstrates transparency and accountability.. The organization reports no fundraising expenses, suggesting efficient use of resources or reliance on non-monetary fundraising methods.. No reported executive compensation indicates a potentially volunteer-driven model, which can be a strength for donor trust.. These findings are derived from AI analysis of the organization's financial filings.
How does Andover Foundation For Archaeological Research Limited compensate executives?
Executive compensation is not reported in any available filings, with all compensation listed as $0, suggesting a volunteer-led or very low-cost operational model. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of 0% fundraising expenses, how does Andover Foundation primarily secure its revenue, and is this sustainable for future growth?
The filings do not detail specific fundraising methods beyond general revenue figures. The lack of dedicated fundraising expenses suggests either a reliance on grants, passive donations, or volunteer efforts that are not monetarily compensated. This model might be sustainable for maintaining current operations but could limit scalability for significant growth without a more structured fundraising approach.
What specific activities or programs are encompassed within the 'administrative expenses' given that they often represent the majority, and sometimes all, of the organization's total expenses?
The filings categorize all expenses not explicitly listed as program service expenses under 'administrative expenses.' Without further detail, it's difficult to ascertain the exact nature of these costs. They could include essential operational overhead, research support, or other non-direct program activities. For example, in 2024, $28,696 was spent on expenses, with no program service expenses reported, implying all activities were administrative.
Filing History
IRS 990 filing history for Andover Foundation For Archaeological Research Limited showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2024), Andover Foundation For Archaeological Research Limited's revenue has grown by 684.5%, moving from $10K to $78K. Total assets increased by 144.4% over the same period, from $132K to $323K. Total functional expenses rose by 85.2%, from $15K to $29K. In its most recent filing year (2024), Andover Foundation For Archaeological Research Limited reported a surplus of $49K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $78K | $29K | $323K | $0 | — | — |
| 2023 | $55K | $38K | $274K | $0 | — | View 990 |
| 2022 | $47K | $65K | $256K | $0 | — | — |
| 2021 | $93K | $1K | $274K | $0 | — | — |
| 2020 | $21K | $19K | $182K | $0 | — | View 990 |
| 2018 | $60K | $54K | $200K | $0 | — | View 990 |
| 2017 | $59K | $27K | $193K | $0 | — | View 990 |
| 2016 | $34K | $49K | $162K | $0 | — | View 990 |
| 2015 | $24K | $22K | $176K | $0 | — | View 990 |
| 2014 | $35K | $33K | $175K | $0 | — | View 990 |
| 2013 | $31K | $27K | $157K | $0 | — | View 990 |
| 2012 | $32K | $26K | $126K | $0 | — | View 990 |
| 2011 | $10K | $15K | $132K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $78K, expenses of $29K, and assets of $323K (revenue +41.0% year-over-year).
- 2023: Revenue of $55K, expenses of $38K, and assets of $274K (revenue +16.1% year-over-year).
- 2022: Revenue of $47K, expenses of $65K, and assets of $256K (revenue -48.9% year-over-year).
- 2021: Revenue of $93K, expenses of $1K, and assets of $274K (revenue +349.9% year-over-year).
- 2020: Revenue of $21K, expenses of $19K, and assets of $182K (revenue -65.9% year-over-year).
- 2018: Revenue of $60K, expenses of $54K, and assets of $200K (revenue +2.6% year-over-year).
- 2017: Revenue of $59K, expenses of $27K, and assets of $193K (revenue +71.4% year-over-year).
- 2016: Revenue of $34K, expenses of $49K, and assets of $162K (revenue +45.0% year-over-year).
- 2015: Revenue of $24K, expenses of $22K, and assets of $176K (revenue -31.5% year-over-year).
- 2014: Revenue of $35K, expenses of $33K, and assets of $175K (revenue +10.9% year-over-year).
- 2013: Revenue of $31K, expenses of $27K, and assets of $157K (revenue -1.7% year-over-year).
- 2012: Revenue of $32K, expenses of $26K, and assets of $126K (revenue +221.0% year-over-year).
- 2011: Revenue of $10K, expenses of $15K, and assets of $132K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Andover Foundation For Archaeological Research Limited:
Data Sources and Methodology
This transparency report for Andover Foundation For Archaeological Research Limited 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.