Annabelle Foundation
Annabelle Foundation reports massive $77M revenue surge in 2023 with minimal expenses, accumulating significant assets.
EIN: 205184989 · Southfield, MI · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $27.6M |
| Total Expenses | $12.5M |
| Program Spending | 85% |
| Net Assets | $72.6M |
| Transparency Score | 75/100 |
Is Annabelle Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Annabelle Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Annabelle Foundation
Annabelle Foundation (EIN: 205184989) is a nonprofit organization based in Southfield, MI, classified under NTEE code T20. The organization reported total revenue of $27.6M and total assets of $64.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Annabelle Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Annabelle Foundation is a large 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 32.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $77.1M |
| Total Expenses | $12.5M |
| Surplus / Deficit | +$64.6M |
| Total Assets | $72.6M |
| Total Liabilities | $1 |
| Net Assets | $72.6M |
| Operating Margin | 83.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 69.7 months |
Financial Health Grade: A
In 2023, Annabelle Foundation reported a surplus of $64.6M with revenue exceeding expenses, holds 69.7 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), Annabelle Foundation's revenue has grown at a compound annual growth rate (CAGR) of 32.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3910.2% | +1772.1% | +790.4% |
| 2022 | +156.0% | +43.3% | +18.2% |
| 2021 | +71.9% | +105.5% | +4.4% |
| 2020 | +31.5% | -4.6% | +2.8% |
| 2019 | -46.2% | -49.4% | +14.0% |
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 Annabelle Foundation with a Mission Score of 75 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Annabelle Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $64.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Annabelle Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation were paid to officers, directors, or key employees, which is highly favorable for donor perception.
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 Annabelle Foundation's IRS 990 filings:
- Extreme volatility in revenue, particularly the unexplained $77M surge in 2023.
- Consistently reported $1 in liabilities across all filings, which is highly unusual.
- Significant accumulation of assets ($72.6M in 2023) relative to expenses ($12.5M), suggesting a large portion of revenue was not immediately spent on programs.
Strengths
The following positive indicators were identified for Annabelle Foundation:
- No officer compensation reported across all filings, indicating efficient use of funds regarding executive pay.
- Substantial asset base of $72.6M provides significant financial stability and potential for future program funding.
- Historically low liabilities, suggesting a financially conservative approach or strong cash flow.
Frequently Asked Questions about Annabelle Foundation
Is Annabelle Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Annabelle Foundation (EIN: 205184989) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Annabelle Foundation spend its money?
Annabelle Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Annabelle Foundation tax-deductible?
Annabelle Foundation is registered as a tax-exempt nonprofit (EIN: 205184989). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Annabelle Foundation's spending goes to programs?
Annabelle Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Annabelle Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Annabelle Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Annabelle Foundation located?
Annabelle Foundation is headquartered in Southfield, Michigan and files with the IRS under EIN 205184989. It is classified under NTEE code T20.
How many years of IRS 990 filings does Annabelle Foundation have?
Annabelle 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 $27.6M in total revenue.
What caused the dramatic increase in revenue from $1.9M in 2022 to $77M in 2023?
The IRS 990 filings do not provide specific details on the source of this revenue surge, but it could be attributed to a large one-time donation, a significant investment gain, or a change in the organization's funding model.
Why are liabilities consistently reported as $1 across all filings?
Reporting $1 in liabilities across all ten filings is highly unusual for an organization of this size and financial activity. This could indicate a specific accounting practice, a lack of significant debt, or potentially an oversight in reporting, and would require further inquiry into their financial statements.
How does the Annabelle Foundation plan to utilize its significantly increased assets of $72.6M?
With assets growing substantially, especially in 2023, understanding the foundation's strategy for deploying these funds towards its mission, whether through future program expansion, endowment building, or other initiatives, is crucial for assessing its long-term impact.
Filing History
IRS 990 filing history for Annabelle Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Annabelle Foundation's revenue has grown by 2908.2%, moving from $2.6M to $77.1M. Total assets increased by 2011.4% over the same period, from $3.4M to $72.6M. Total functional expenses rose by 4941.7%, from $248K to $12.5M. In its most recent filing year (2023), Annabelle Foundation reported a surplus of $64.6M, with revenue exceeding expenses. The organization holds $1 in liabilities against $72.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $72.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $77.1M | $12.5M | $72.6M | $1 | — | — |
| 2022 | $1.9M | $668K | $8.2M | $1 | — | View 990 |
| 2021 | $751K | $466K | $6.9M | $1 | — | View 990 |
| 2020 | $437K | $227K | $6.6M | $1 | — | View 990 |
| 2019 | $332K | $238K | $6.4M | $1 | — | View 990 |
| 2015 | $617K | $470K | $5.6M | $1 | — | View 990 |
| 2014 | $521K | $302K | $5.5M | $1 | — | View 990 |
| 2013 | $568K | $450K | $5.3M | $1 | — | View 990 |
| 2012 | $1.9M | $219K | $5.2M | $1 | — | View 990 |
| 2011 | $2.6M | $248K | $3.4M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $77.1M, expenses of $12.5M, and assets of $72.6M (revenue +3910.2% year-over-year).
- 2022: Revenue of $1.9M, expenses of $668K, and assets of $8.2M (revenue +156.0% year-over-year).
- 2021: Revenue of $751K, expenses of $466K, and assets of $6.9M (revenue +71.9% year-over-year).
- 2020: Revenue of $437K, expenses of $227K, and assets of $6.6M (revenue +31.5% year-over-year).
- 2019: Revenue of $332K, expenses of $238K, and assets of $6.4M (revenue -46.2% year-over-year).
- 2015: Revenue of $617K, expenses of $470K, and assets of $5.6M (revenue +18.3% year-over-year).
- 2014: Revenue of $521K, expenses of $302K, and assets of $5.5M (revenue -8.2% year-over-year).
- 2013: Revenue of $568K, expenses of $450K, and assets of $5.3M (revenue -70.6% year-over-year).
- 2012: Revenue of $1.9M, expenses of $219K, and assets of $5.2M (revenue -24.5% year-over-year).
- 2011: Revenue of $2.6M, expenses of $248K, and assets of $3.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Annabelle Foundation:
Data Sources and Methodology
This transparency report for Annabelle 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.