Annette And Anthony Albanese Foundation
Annette And Anthony Albanese Foundation shows strong asset growth and no officer compensation, despite fluctuating annual revenues and occasional deficit spending.
EIN: 208068320 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $724K |
| Total Expenses | $461K |
| Program Spending | 85% |
| Net Assets | $2.3M |
| Transparency Score | 88/100 |
Is Annette And Anthony Albanese Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Annette And Anthony Albanese Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Annette And Anthony Albanese Foundation
Annette And Anthony Albanese Foundation (EIN: 208068320) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $724K and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Annette And Anthony Albanese Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Annette And Anthony Albanese Foundation is a small nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 17.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $461K |
| Surplus / Deficit | +$664K |
| Total Assets | $2.3M |
| Total Liabilities | $1K |
| Net Assets | $2.3M |
| Operating Margin | 59.0% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 58.6 months |
Financial Health Grade: A
In 2023, Annette And Anthony Albanese Foundation reported a surplus of $664K with revenue exceeding expenses, holds 58.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Annette And Anthony Albanese Foundation's revenue has grown at a compound annual growth rate (CAGR) of 17.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +72.4% | +701.3% | +41.8% |
| 2022 | +401.2% | -81.2% | +60.1% |
| 2021 | +9391.5% | +283.2% | -15.1% |
| 2020 | -99.6% | +13.6% | -6.3% |
| 2019 | +601.2% | +56.2% | +17.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Annette And Anthony Albanese Foundation with a Mission Score of 88 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Annette And Anthony Albanese 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 $664K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no funds are used for executive salaries, which is a strong positive for spending efficiency.
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 Annette And Anthony Albanese Foundation's IRS 990 filings:
- Significant increase in liabilities in 2023 to $1,269,000, which warrants further investigation.
- Periods of substantial deficit spending, such as in 2021 where expenses ($306,210) were more than double the revenue ($130,224).
Strengths
The following positive indicators were identified for Annette And Anthony Albanese Foundation:
- Consistent 0% officer compensation across all reported years, indicating high efficiency in executive overhead.
- Strong asset growth, from $1,122,967 in 2011 to $2,252,263 in 2023, demonstrating financial stability and accumulation of resources.
- Significant revenue generation in recent years, with $1,125,001 in 2023 and $652,676 in 2022.
- Consistent filing of IRS Form 990s over a decade, indicating good transparency and regulatory compliance.
Frequently Asked Questions about Annette And Anthony Albanese Foundation
Is Annette And Anthony Albanese Foundation a legitimate charity?
Annette And Anthony Albanese Foundation (EIN: 208068320) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 88/100. It has 10 years of IRS 990 filings on record. Total revenue: $724K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Annette And Anthony Albanese Foundation spend its money?
Annette And Anthony Albanese Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Annette And Anthony Albanese Foundation tax-deductible?
Annette And Anthony Albanese Foundation is registered as a tax-exempt nonprofit (EIN: 208068320). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Annette And Anthony Albanese Foundation's spending goes to programs?
Annette And Anthony Albanese Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Annette And Anthony Albanese Foundation compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Annette And Anthony Albanese Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Annette And Anthony Albanese Foundation located?
Annette And Anthony Albanese Foundation is headquartered in Wilmington, Delaware and files with the IRS under EIN 208068320. It is classified under NTEE code T22.
How many years of IRS 990 filings does Annette And Anthony Albanese Foundation have?
Annette And Anthony Albanese 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 $724K in total revenue.
Is the Annette And Anthony Albanese Foundation a good charity?
Based on the available data, the foundation appears to be a good charity. It demonstrates strong asset growth, consistent regulatory compliance, and a notable commitment to not paying officer compensation, suggesting a high proportion of funds could be directed to its mission.
How has the foundation's financial health changed over time?
The foundation's financial health has improved significantly, with assets growing from $1,122,967 in 2011 to $2,252,263 in 2023. Revenue has also seen substantial increases in recent years, such as $1,125,001 in 2023, indicating a stronger financial position.
What is the significance of 0% officer compensation?
0% officer compensation is highly significant as it means the organization is not spending any funds on executive salaries, which typically reduces administrative overhead and allows more resources to be allocated directly to programmatic activities.
Why did expenses exceed revenue in some years?
In years like 2021 (expenses $306,210 vs. revenue $130,224) and 2020 (expenses $79,903 vs. revenue $1,372), expenses significantly exceeded revenue. This could be due to the timing of large grants or program expenditures, or strategic investments, but it represents periods of deficit spending that would warrant further review of their financial strategy.
What caused the large increase in liabilities in 2023?
The liabilities increased significantly to $1,269,000 in 2023 from much lower figures in previous years. Without more detailed financial statements, the exact cause is unclear, but it could be related to new debt, deferred revenue, or other financial obligations that would need further investigation.
Filing History
IRS 990 filing history for Annette And Anthony Albanese Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Annette And Anthony Albanese Foundation's revenue has grown by 583.7%, moving from $165K to $1.1M. Total assets increased by 100.6% over the same period, from $1.1M to $2.3M. Total functional expenses rose by 615.4%, from $64K to $461K. In its most recent filing year (2023), Annette And Anthony Albanese Foundation reported a surplus of $664K, with revenue exceeding expenses. The organization holds $1K in liabilities against $2.3M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $461K | $2.3M | $1K | — | — |
| 2022 | $653K | $58K | $1.6M | $1K | — | View 990 |
| 2021 | $130K | $306K | $992K | $158 | — | View 990 |
| 2020 | $1K | $80K | $1.2M | $1 | — | — |
| 2019 | $308K | $70K | $1.2M | $321 | — | — |
| 2015 | $44K | $45K | $1.1M | $130 | — | View 990 |
| 2014 | $102K | $77K | $1.1M | $670 | — | View 990 |
| 2013 | $45K | $96K | $1.0M | $110 | — | View 990 |
| 2012 | $21K | $53K | $1.1M | $285 | — | View 990 |
| 2011 | $165K | $64K | $1.1M | $876 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $461K, and assets of $2.3M (revenue +72.4% year-over-year).
- 2022: Revenue of $653K, expenses of $58K, and assets of $1.6M (revenue +401.2% year-over-year).
- 2021: Revenue of $130K, expenses of $306K, and assets of $992K (revenue +9391.5% year-over-year).
- 2020: Revenue of $1K, expenses of $80K, and assets of $1.2M (revenue -99.6% year-over-year).
- 2019: Revenue of $308K, expenses of $70K, and assets of $1.2M (revenue +601.2% year-over-year).
- 2015: Revenue of $44K, expenses of $45K, and assets of $1.1M (revenue -57.1% year-over-year).
- 2014: Revenue of $102K, expenses of $77K, and assets of $1.1M (revenue +128.2% year-over-year).
- 2013: Revenue of $45K, expenses of $96K, and assets of $1.0M (revenue +110.6% year-over-year).
- 2012: Revenue of $21K, expenses of $53K, and assets of $1.1M (revenue -87.0% year-over-year).
- 2011: Revenue of $165K, expenses of $64K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Annette And Anthony Albanese Foundation:
Data Sources and Methodology
This transparency report for Annette And Anthony Albanese 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.