Anonimo Foundation
Anonimo Foundation: Declining Revenue, High Administrative Costs
EIN: 223061717 · Damariscotta, ME · Updated: 2026-04-04
Is Anonimo Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Anonimo Foundation directs 50% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Anonimo Foundation
Anonimo Foundation (EIN: 223061717) is a nonprofit organization based in Damariscotta, ME. The organization reported total revenue of $5.5M and total assets of $10.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Anonimo Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Anonimo Foundation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 30%
- programs: 50%
- fundraising: 20%
According to IRS 990 filings, Anonimo Foundation allocates its expenses as follows: admin: 30%, programs: 50%, fundraising: 20%. Approximately 50% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific executive compensation figures are provided in the available data.
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 Anonimo Foundation's IRS 990 filings:
- Significant decline in revenue from $1,728,833 in 2020 to $215,712 in 2023, raising sustainability concerns.
- Administrative expenses appear high relative to revenue in recent years, for example, $717,240 in expenses against $215,712 revenue in 2023.
- Lack of detailed information on program activities and impact makes it difficult to evaluate effectiveness.
Strengths
The following positive indicators were identified for Anonimo Foundation:
- Consistent asset base, maintaining over $9 million in assets since 2020, suggesting financial stability despite revenue fluctuations.
- No reported lobbying expenses ('l' is 0 in all provided years), indicating a focus away from political advocacy.
- No reported unrelated business income ('c' is 0% in all provided years), suggesting adherence to its nonprofit mission.
Frequently Asked Questions about Anonimo Foundation
Is Anonimo Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Anonimo Foundation (EIN: 223061717) significant concerns. Mission Score: 45/100. 3 red flags identified, 3 strengths noted.
How does Anonimo Foundation spend its money?
Anonimo Foundation directs 50% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Anonimo Foundation tax-deductible?
Anonimo Foundation is registered as a tax-exempt nonprofit (EIN: 223061717). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Anonimo Foundation do?
Anonimo Foundation is a nonprofit organization in the Unknown sector, located in Damariscotta, Maine. It is classified under NTEE code Unknown.
How much revenue does Anonimo Foundation have?
Anonimo Foundation reported total revenue of $5,527,442. Based on 10 IRS 990 filings on record.
What are Anonimo Foundation's total assets?
Anonimo Foundation holds total assets of $10,323,117 as reported in IRS 990 filings.
Where is Anonimo Foundation located?
Anonimo Foundation is based in Damariscotta, Maine.
What is Anonimo Foundation's EIN?
Anonimo Foundation's Employer Identification Number (EIN) is 223061717. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Anonimo Foundation?
Anonimo Foundation is classified under NTEE code Unknown (Unknown).
Is Anonimo Foundation a registered 501(c)(3)?
Anonimo Foundation appears in IRS records (EIN: 223061717). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Anonimo Foundation file IRS Form 990?
Yes, Anonimo Foundation has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Anonimo Foundation's revenue in 2023?
In the 202312 filing period, Anonimo Foundation reported total revenue of $215,712, total expenses of $717,240, and net assets of $9,813,225.
Is Anonimo Foundation's revenue growing or declining?
Anonimo Foundation's revenue is declining. Revenue went from $1,266,954 (202212) to $215,712 (202312), a -83.0% change. Based on 10 filings on record.
What is Anonimo Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Anonimo Foundation covers tax period 202312. It shows revenue of $215,712, expenses of $717,240, total assets of $9,813,225, and liabilities of $902.
How much does Anonimo Foundation spend on programs vs administration?
Based on IRS 990 analysis, Anonimo Foundation allocates approximately 50% of expenses to program services, 30% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is Anonimo Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Anonimo Foundation shows mixed signals. Mission Score: 45/100 (Fair). 3 red flags identified. 3 strengths noted.
What are the red flags for Anonimo Foundation?
The following concerns were identified: Significant decline in revenue from $1,728,833 in 2020 to $215,712 in 2023, raising sustainability concerns.. Administrative expenses appear high relative to revenue in recent years, for example, $717,240 in expenses against $215,712 revenue in 2023.. Lack of detailed information on program activities and impact makes it difficult to evaluate effectiveness.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Anonimo Foundation's strengths?
Positive indicators for Anonimo Foundation include: Consistent asset base, maintaining over $9 million in assets since 2020, suggesting financial stability despite revenue fluctuations.. No reported lobbying expenses ('l' is 0 in all provided years), indicating a focus away from political advocacy.. No reported unrelated business income ('c' is 0% in all provided years), suggesting adherence to its nonprofit mission.. These findings are derived from AI analysis of the organization's financial filings.
How does Anonimo Foundation compensate executives?
Executive compensation cannot be assessed as no specific executive compensation figures are provided in the available data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the substantial decline in revenue from 2020 to 2023, what specific strategies has Anonimo Foundation implemented to address this trend and ensure long-term operational viability?
The provided data does not offer insights into specific strategies for revenue recovery. The significant drop from $1,728,833 in 2020 to $215,712 in 2023 warrants further investigation into fundraising efforts and financial planning.
With administrative expenses often exceeding revenue in recent years (e.g., $717,240 in expenses vs. $215,712 in revenue in 2023), how does Anonimo Foundation justify these costs and what measures are in place to optimize operational efficiency?
The data does not provide a justification for the high administrative expenses relative to revenue. This trend suggests a potential imbalance in resource allocation that could impact program delivery and donor confidence.
Filing History
IRS 990 filing history for Anonimo Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Anonimo Foundation's revenue has declined by 61.3%, moving from $558K to $216K. Total assets increased by 150.4% over the same period, from $3.9M to $9.8M. Total functional expenses rose by 391.9%, from $146K to $717K. In its most recent filing year (2023), Anonimo Foundation reported a deficit of $502K, with expenses exceeding revenue. The organization holds $902 in liabilities against $9.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $9.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $216K | $717K | $9.8M | $902 | — | — |
| 2022 | $1.3M | $870K | $10.3M | $1K | — | View 990 |
| 2021 | $1.5M | $728K | $10.0M | $2K | — | — |
| 2020 | $1.7M | $544K | $9.2M | $2K | — | — |
| 2019 | $345K | $503K | $8.0M | $3K | — | View 990 |
| 2015 | $151K | $277K | $4.1M | $0 | — | View 990 |
| 2014 | $1.0M | $220K | $4.5M | $0 | — | View 990 |
| 2013 | $1.5M | $160K | $4.0M | $0 | — | View 990 |
| 2012 | $568K | $169K | $3.0M | $0 | — | View 990 |
| 2011 | $558K | $146K | $3.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $216K, expenses of $717K, and assets of $9.8M (revenue -83.0% year-over-year).
- 2022: Revenue of $1.3M, expenses of $870K, and assets of $10.3M (revenue -17.7% year-over-year).
- 2021: Revenue of $1.5M, expenses of $728K, and assets of $10.0M (revenue -11.0% year-over-year).
- 2020: Revenue of $1.7M, expenses of $544K, and assets of $9.2M (revenue +400.9% year-over-year).
- 2019: Revenue of $345K, expenses of $503K, and assets of $8.0M (revenue +128.3% year-over-year).
- 2015: Revenue of $151K, expenses of $277K, and assets of $4.1M (revenue -85.0% year-over-year).
- 2014: Revenue of $1.0M, expenses of $220K, and assets of $4.5M (revenue -33.0% year-over-year).
- 2013: Revenue of $1.5M, expenses of $160K, and assets of $4.0M (revenue +165.2% year-over-year).
- 2012: Revenue of $568K, expenses of $169K, and assets of $3.0M (revenue +1.9% year-over-year).
- 2011: Revenue of $558K, expenses of $146K, and assets of $3.9M.
Data Sources and Methodology
This transparency report for Anonimo 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.