Anne Anastasi Charitable Foundation
Anne Anastasi Charitable Foundation consistently distributes more than its annual revenue, drawing down its asset base over the past decade.
EIN: 134013290 · Wilmington, DE · NTEE: T20Z · Updated: 2026-03-28
Is Anne Anastasi Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Anne Anastasi Charitable Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Anne Anastasi Charitable Foundation
Anne Anastasi Charitable Foundation (EIN: 134013290) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20Z. The organization reported total revenue of $472K and total assets of $4.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Anne Anastasi Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Anne Anastasi Charitable Foundation is a small nonprofit that has been operating for 28 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $186K |
| Total Expenses | $321K |
| Surplus / Deficit | $-135,130 |
| Total Assets | $4.5M |
| Total Liabilities | $1 |
| Net Assets | $4.5M |
| Operating Margin | -72.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 168.3 months |
Financial Health Grade: B
In 2023, Anne Anastasi Charitable Foundation reported a deficit of $135K with expenses exceeding revenue, holds 168.3 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), Anne Anastasi Charitable Foundation's revenue has declined at a compound annual growth rate (CAGR) of -2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +259.1% | -5.4% | -2.9% |
| 2022 | -85.6% | -5.1% | -5.8% |
| 2020 | -102.2% | -7.6% | -6.6% |
| 2019 | +92.4% | +8.1% | -1.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1998 |
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 Anne Anastasi Charitable 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: 90%
- fundraising: 0%
According to IRS 990 filings, Anne Anastasi Charitable Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $135K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the foundation is likely managed by volunteers or has no paid officers, which is a positive for minimizing administrative overhead.
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 Anne Anastasi Charitable Foundation's IRS 990 filings:
- Consistent net operating deficit (expenses exceeding revenue) in most years, leading to asset depletion.
- Lack of detailed expense breakdown in provided data makes it difficult to fully assess program vs. administrative spending efficiency.
Strengths
The following positive indicators were identified for Anne Anastasi Charitable Foundation:
- Zero officer compensation, indicating efficient use of funds and likely volunteer leadership.
- Consistent IRS 990 filing history, demonstrating transparency.
- Significant asset base ($4.5 million in 2023) provides a strong financial foundation for its charitable activities.
- Likely high program spending ratio, given the nature of a private foundation distributing grants and no fundraising expenses.
Frequently Asked Questions about Anne Anastasi Charitable Foundation
Is Anne Anastasi Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Anne Anastasi Charitable Foundation (EIN: 134013290) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Anne Anastasi Charitable Foundation spend its money?
Anne Anastasi Charitable Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Anne Anastasi Charitable Foundation tax-deductible?
Anne Anastasi Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 134013290). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What are the specific program activities or grants made by the Anne Anastasi Charitable Foundation?
The provided data does not detail specific program activities or grant recipients. Further investigation into the full 990 forms would be necessary to understand the nature and impact of its charitable distributions.
Why has the foundation's asset base decreased from over $5.3 million in 2011 to $4.5 million in 2023?
The decrease in assets is primarily due to the foundation consistently spending more than its annual revenue in most years. For example, in 2023, revenue was $186,347 while expenses were $321,477, leading to a net draw on assets.
Is the foundation actively fundraising, given its revenue fluctuations?
The revenue fluctuations and consistent spending exceeding revenue suggest that the foundation primarily operates as a grant-making entity from an endowment rather than actively engaging in public fundraising. The absence of officer compensation also supports a low-overhead, non-fundraising operational model.
Filing History
IRS 990 filing history for Anne Anastasi Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Anne Anastasi Charitable Foundation's revenue has declined by 23.8%, moving from $245K to $186K. Total assets decreased by 15.1% over the same period, from $5.3M to $4.5M. Total functional expenses fell by 0.3%, from $323K to $321K. In its most recent filing year (2023), Anne Anastasi Charitable Foundation reported a deficit of $135K, with expenses exceeding revenue. The organization holds $1 in liabilities against $4.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $186K | $321K | $4.5M | $1 | — | — |
| 2022 | $52K | $340K | $4.6M | $1 | — | View 990 |
| 2021 | $361K | $358K | $4.9M | $1 | — | View 990 |
| 2020 | $-9,958 | $337K | $4.9M | $1 | — | View 990 |
| 2019 | $450K | $364K | $5.3M | $1 | — | View 990 |
| 2015 | $234K | $337K | $5.4M | $1 | — | View 990 |
| 2014 | $234K | $325K | $5.5M | $1 | — | View 990 |
| 2013 | $719K | $327K | $5.6M | $1 | — | View 990 |
| 2012 | $192K | $330K | $5.2M | $1 | — | View 990 |
| 2011 | $245K | $323K | $5.3M | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $186K, expenses of $321K, and assets of $4.5M (revenue +259.1% year-over-year).
- 2022: Revenue of $52K, expenses of $340K, and assets of $4.6M (revenue -85.6% year-over-year).
- 2021: Revenue of $361K, expenses of $358K, and assets of $4.9M.
- 2020: Revenue of $-9,958, expenses of $337K, and assets of $4.9M (revenue -102.2% year-over-year).
- 2019: Revenue of $450K, expenses of $364K, and assets of $5.3M (revenue +92.4% year-over-year).
- 2015: Revenue of $234K, expenses of $337K, and assets of $5.4M (revenue +-0.0% year-over-year).
- 2014: Revenue of $234K, expenses of $325K, and assets of $5.5M (revenue -67.5% year-over-year).
- 2013: Revenue of $719K, expenses of $327K, and assets of $5.6M (revenue +274.1% year-over-year).
- 2012: Revenue of $192K, expenses of $330K, and assets of $5.2M (revenue -21.4% year-over-year).
- 2011: Revenue of $245K, expenses of $323K, and assets of $5.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Anne Anastasi Charitable Foundation:
Data Sources and Methodology
This transparency report for Anne Anastasi Charitable 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.