Aquidneck Foundation
Aquidneck Foundation shows volatile revenue and asset trends with no officer compensation.
EIN: 133102904 · Chestnut Hill, MA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $364K |
| Total Expenses | $105K |
| Program Spending | 90% |
| Net Assets | $61K |
| Transparency Score | 75/100 |
Is Aquidneck Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Aquidneck Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Aquidneck Foundation
Aquidneck Foundation (EIN: 133102904) is a nonprofit organization based in Chestnut Hill, MA. The organization reported total revenue of $364K and total assets of $69K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Aquidneck Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Aquidneck Foundation is a small nonprofit that has been operating for 44 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -5.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $128K |
| Total Expenses | $105K |
| Surplus / Deficit | +$22K |
| Total Assets | $61K |
| Total Liabilities | $1 |
| Net Assets | $61K |
| Operating Margin | 17.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 6.9 months |
Financial Health Grade: A
In 2024, Aquidneck Foundation reported a surplus of $22K with revenue exceeding expenses, holds 6.9 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 (2012–2024), Aquidneck Foundation's revenue has declined at a compound annual growth rate (CAGR) of -5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -9.7% | -34.6% | +37.8% |
| 2023 | -93.4% | -92.5% | -30.7% |
| 2022 | +2418.9% | +2197.2% | +15.3% |
| 2021 | -14.6% | -19.4% | -12.4% |
| 2020 | -76.7% | -78.6% | -47.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
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 Aquidneck 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, Aquidneck 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $22K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Aquidneck Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based or compensated through other means not categorized as officer compensation, which is highly efficient for a nonprofit of its size.
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 Aquidneck Foundation's IRS 990 filings:
- Highly volatile revenue and expense patterns, making financial planning and stability uncertain.
- Significant long-term decline in assets from over $1 million to $68,502, without clear explanation in the provided data.
Strengths
The following positive indicators were identified for Aquidneck Foundation:
- Consistently reports 0% officer compensation, indicating highly efficient use of funds for executive leadership.
- Maintains very low liabilities, often just $1, suggesting a strong balance sheet with minimal debt.
Frequently Asked Questions about Aquidneck Foundation
Is Aquidneck Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Aquidneck Foundation (EIN: 133102904) some concerns. Mission Score: 75/100. 2 red flags identified, 2 strengths noted.
How does Aquidneck Foundation spend its money?
Aquidneck Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Aquidneck Foundation tax-deductible?
Aquidneck Foundation is registered as a tax-exempt nonprofit (EIN: 133102904). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Aquidneck Foundation located?
Aquidneck Foundation is headquartered in Chestnut Hill, Massachusetts and files with the IRS under EIN 133102904.
How many years of IRS 990 filings does Aquidneck Foundation have?
Aquidneck 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 $364K in total revenue.
Why have the organization's assets decreased significantly from over $1 million in 2014 to $68,502 currently?
The provided data shows a substantial decline in assets from $1,063,123 in 2014 to $68,502 in the latest period. This could indicate significant spending down of reserves, investment losses, or a shift in financial strategy, which would require further investigation into their financial statements.
What caused the large revenue spike in 2022 ($2,148,666) compared to other years?
The revenue of $2,148,666 in 2022 stands out significantly against other years where revenue was typically below $500,000. This could be due to a large one-time grant, a major fundraising campaign, or a specific project that generated substantial income, and understanding its source is crucial for assessing future financial predictability.
How does the organization manage its expenses given the highly variable revenue?
The organization's expenses often fluctuate in line with its volatile revenue, sometimes exceeding revenue (e.g., 2023, 2020, 2016, 2015). This suggests a flexible operational model, but also raises questions about financial planning and sustainability during periods of lower income.
Filing History
IRS 990 filing history for Aquidneck Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Aquidneck Foundation's revenue has declined by 46.4%, moving from $239K to $128K. Total assets decreased by 93.4% over the same period, from $931K to $61K. Total functional expenses fell by 76%, from $439K to $105K. In its most recent filing year (2024), Aquidneck Foundation reported a surplus of $22K, with revenue exceeding expenses. The organization holds $1 in liabilities against $61K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $61K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $128K | $105K | $61K | $1 | — | — |
| 2023 | $142K | $161K | $44K | $1 | — | View 990 |
| 2022 | $2.1M | $2.1M | $64K | $1 | — | View 990 |
| 2021 | $85K | $93K | $55K | $1 | — | — |
| 2020 | $100K | $116K | $63K | $1 | — | View 990 |
| 2016 | $429K | $540K | $121K | $0 | — | View 990 |
| 2015 | $1.0M | $1.8M | $233K | $0 | — | View 990 |
| 2014 | $122K | $151K | $1.1M | $0 | — | View 990 |
| 2013 | $267K | $128K | $1.1M | $0 | — | View 990 |
| 2012 | $239K | $439K | $931K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $128K, expenses of $105K, and assets of $61K (revenue -9.7% year-over-year).
- 2023: Revenue of $142K, expenses of $161K, and assets of $44K (revenue -93.4% year-over-year).
- 2022: Revenue of $2.1M, expenses of $2.1M, and assets of $64K (revenue +2418.9% year-over-year).
- 2021: Revenue of $85K, expenses of $93K, and assets of $55K (revenue -14.6% year-over-year).
- 2020: Revenue of $100K, expenses of $116K, and assets of $63K (revenue -76.7% year-over-year).
- 2016: Revenue of $429K, expenses of $540K, and assets of $121K (revenue -57.3% year-over-year).
- 2015: Revenue of $1.0M, expenses of $1.8M, and assets of $233K (revenue +721.0% year-over-year).
- 2014: Revenue of $122K, expenses of $151K, and assets of $1.1M (revenue -54.1% year-over-year).
- 2013: Revenue of $267K, expenses of $128K, and assets of $1.1M (revenue +11.7% year-over-year).
- 2012: Revenue of $239K, expenses of $439K, and assets of $931K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Aquidneck Foundation:
Data Sources and Methodology
This transparency report for Aquidneck 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.