Ark Homes Foster Family Agency

Is Ark Homes Foster Family Agency Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Ark Homes Foster Family Agency directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Ark Homes Foster Family Agency

Ark Homes Foster Family Agency (EIN: 200088130) is a nonprofit organization based in Rch Cucamonga, CA, classified under NTEE code P32. The organization reported total revenue of $3.2M and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ark Homes Foster Family Agency'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 Ark Homes Foster Family Agency with a Mission Score of 85 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: 7%
• programs: 90%
• fundraising: 3%

According to IRS 990 filings, Ark Homes Foster Family Agency allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers, directors, trustees, or key employees, which is highly unusual for an organization with revenues exceeding $5 million and suggests a volunteer-led or very lean administrative structure at the top.

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 Ark Homes Foster Family Agency's IRS 990 filings:

• Significant revenue fluctuation between 2022 ($7.5M) and 2023 ($5.4M) without clear explanation in provided data.

Strengths

The following positive indicators were identified for Ark Homes Foster Family Agency:

• Consistent reporting of 0% officer compensation, indicating high efficiency in leadership costs.
• Steady growth in assets over the past decade, from $462,285 in 2014 to $2,052,283 in 2023.
• Expenses generally align closely with revenue, suggesting effective resource utilization.
• Strong program focus implied by the lack of executive compensation and consistent operational spending.

Frequently Asked Questions about Ark Homes Foster Family Agency

Filing History

IRS 990 filing history for Ark Homes Foster Family Agency showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Ark Homes Foster Family Agency's revenue has grown by 146.6%, moving from $2.2M to $5.4M. Total assets increased by 661.6% over the same period, from $269K to $2.1M. Total functional expenses rose by 153.8%, from $2.1M to $5.3M. In its most recent filing year (2023), Ark Homes Foster Family Agency reported a surplus of $121K, with revenue exceeding expenses. The organization holds $555K in liabilities against $2.1M in assets (debt-to-asset ratio: 27.1%), resulting in net assets of $1.5M.

Year-by-Year Financial Summary

• 2023: Revenue of $5.4M, expenses of $5.3M, and assets of $2.1M (revenue -28.0% year-over-year).
• 2022: Revenue of $7.5M, expenses of $7.6M, and assets of $2.1M (revenue +7.2% year-over-year).
• 2021: Revenue of $7.0M, expenses of $7.0M, and assets of $1.9M (revenue +21.7% year-over-year).
• 2020: Revenue of $5.8M, expenses of $5.3M, and assets of $1.8M (revenue +45.9% year-over-year).
• 2019: Revenue of $4.0M, expenses of $3.7M, and assets of $1.2M (revenue +16.2% year-over-year).
• 2018: Revenue of $3.4M, expenses of $3.4M, and assets of $990K (revenue -11.3% year-over-year).
• 2017: Revenue of $3.8M, expenses of $3.5M, and assets of $993K (revenue +1.1% year-over-year).
• 2016: Revenue of $3.8M, expenses of $3.8M, and assets of $639K (revenue -8.1% year-over-year).
• 2015: Revenue of $4.1M, expenses of $4.0M, and assets of $640K (revenue +10.6% year-over-year).
• 2014: Revenue of $3.7M, expenses of $3.8M, and assets of $462K (revenue +14.9% year-over-year).
• 2013: Revenue of $3.2M, expenses of $3.0M, and assets of $576K (revenue +20.1% year-over-year).
• 2012: Revenue of $2.7M, expenses of $2.6M, and assets of $382K (revenue +23.1% year-over-year).
• 2011: Revenue of $2.2M, expenses of $2.1M, and assets of $269K.

Data Sources and Methodology

This transparency report for Ark Homes Foster Family Agency 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.