Armellino Family Foundation
Armellino Family Foundation reports significant deficit in latest period, maintains strong asset base with no officer compensation.
EIN: 133437932 · North Beach, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $244K |
| Total Expenses | $238K |
| Program Spending | 90% |
| Net Assets | $996K |
| Transparency Score | 85/100 |
Is Armellino Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Armellino Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Armellino Family Foundation
Armellino Family Foundation (EIN: 133437932) is a nonprofit organization based in North Beach, NJ. The organization reported total revenue of $244K and total assets of $996K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Armellino Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Armellino Family Foundation is a small nonprofit that has been operating for 38 years, with 8 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $21K |
| Total Expenses | $238K |
| Surplus / Deficit | $-217,000 |
| Total Assets | $996K |
| Total Liabilities | $1 |
| Net Assets | $996K |
| Operating Margin | -1012.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 50.2 months |
Financial Health Grade: B
In 2023, Armellino Family Foundation reported a deficit of $217K with expenses exceeding revenue, holds 50.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 8 years of filings (2012–2023), Armellino Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -86.7% | +84.5% | -21.7% |
| 2021 | -69.5% | -13.6% | +2.6% |
| 2020 | +2026.8% | +50.5% | +30.6% |
| 2016 | -69.0% | +133.2% | -7.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Armellino Family Foundation 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Armellino Family 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 $217K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that the foundation's officers are unpaid, which is highly favorable 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 Armellino Family Foundation's IRS 990 filings:
- Significant deficit in the latest reporting period (202301) with expenses ($238,427) far exceeding revenue ($21,427).
Strengths
The following positive indicators were identified for Armellino Family Foundation:
- Consistent reporting of 0% officer compensation across all filings, indicating efficient use of funds for leadership.
- Maintains a strong and stable asset base (e.g., $996,449 in 202301) despite annual revenue fluctuations.
- Minimal to no liabilities reported across all filing periods, indicating strong financial health and low debt burden.
- Consistent IRS 990 filing history demonstrates good transparency and compliance.
Frequently Asked Questions about Armellino Family Foundation
Is Armellino Family Foundation a legitimate charity?
Armellino Family Foundation (EIN: 133437932) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 8 years of IRS 990 filings on record. Total revenue: $244K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Armellino Family Foundation spend its money?
Armellino Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Armellino Family Foundation tax-deductible?
Armellino Family Foundation is registered as a tax-exempt nonprofit (EIN: 133437932). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Armellino Family Foundation located?
Armellino Family Foundation is headquartered in North Beach, New Jersey and files with the IRS under EIN 133437932.
How many years of IRS 990 filings does Armellino Family Foundation have?
Armellino Family Foundation has 8 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 $244K in total revenue.
What caused the significant expense increase in 202301 ($238,427) compared to previous years?
The provided data does not specify the nature of expenses, but the substantial increase in 202301 suggests a large grant disbursement or significant operational costs in that period, leading to a deficit against revenue.
How does the foundation manage its assets given the fluctuating annual revenues?
Despite fluctuating annual revenues, the foundation consistently maintains a robust asset base (e.g., $996,449 in 202301, $1,271,985 in 202101), indicating effective asset management and investment strategies that support its long-term stability.
What is the primary purpose of the Armellino Family Foundation's expenditures?
As a private family foundation, its primary expenditures are typically grants to other charitable organizations or individuals. The provided data does not detail specific program areas, but the expenses are presumed to be for its charitable mission.
Filing History
IRS 990 filing history for Armellino Family Foundation showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2012–2023), Armellino Family Foundation's revenue has declined by 26.1%, moving from $29K to $21K. Total assets decreased by 4.1% over the same period, from $1.0M to $996K. Total functional expenses rose by 508.6%, from $39K to $238K. In its most recent filing year (2023), Armellino Family Foundation reported a deficit of $217K, with expenses exceeding revenue. The organization holds $1 in liabilities against $996K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $996K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $21K | $238K | $996K | $1 | — | View 990 |
| 2021 | $161K | $129K | $1.3M | $1 | — | — |
| 2020 | $528K | $150K | $1.2M | $0 | — | View 990 |
| 2016 | $25K | $99K | $950K | $0 | — | View 990 |
| 2015 | $80K | $43K | $1.0M | $0 | — | View 990 |
| 2014 | $-2,805 | $64K | $987K | $0 | — | View 990 |
| 2013 | $38K | $23K | $1.1M | $0 | — | View 990 |
| 2012 | $29K | $39K | $1.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $21K, expenses of $238K, and assets of $996K (revenue -86.7% year-over-year).
- 2021: Revenue of $161K, expenses of $129K, and assets of $1.3M (revenue -69.5% year-over-year).
- 2020: Revenue of $528K, expenses of $150K, and assets of $1.2M (revenue +2026.8% year-over-year).
- 2016: Revenue of $25K, expenses of $99K, and assets of $950K (revenue -69.0% year-over-year).
- 2015: Revenue of $80K, expenses of $43K, and assets of $1.0M.
- 2014: Revenue of $-2,805, expenses of $64K, and assets of $987K (revenue -107.5% year-over-year).
- 2013: Revenue of $38K, expenses of $23K, and assets of $1.1M (revenue +29.6% year-over-year).
- 2012: Revenue of $29K, expenses of $39K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Armellino Family Foundation:
Data Sources and Methodology
This transparency report for Armellino Family 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.