Around Foundation
Around Foundation faces persistent operating deficits and declining assets.
EIN: 113377271 · New York, NY · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9.0M |
| Total Expenses | $1.5M |
| Program Spending | 70% |
| Net Assets | $2.4M |
| Transparency Score | 55/100 |
Is Around Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Around Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Around Foundation
Around Foundation (EIN: 113377271) is a nonprofit organization based in New York, NY, classified under NTEE code T22. The organization reported total revenue of $9.0M and total assets of $7.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Around Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Around Foundation is a mid-size nonprofit that has been operating for 26 years, with 12 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 14.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.5M |
| Surplus / Deficit | $-413,997 |
| Total Assets | $2.4M |
| Total Liabilities | $1 |
| Net Assets | $2.4M |
| Operating Margin | -38.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 19.5 months |
Financial Health Grade: B
In 2024, Around Foundation reported a deficit of $414K with expenses exceeding revenue, holds 19.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2024), Around Foundation's revenue has grown at a compound annual growth rate (CAGR) of 14.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +111.5% | +26.9% | -14.7% |
| 2023 | -49.1% | -43.3% | -19.0% |
| 2022 | +822.9% | +238.6% | -23.5% |
| 2021 | -96.4% | -28.1% | -9.9% |
| 2020 | +487.2% | +10.4% | +72.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
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 Around Foundation with a Mission Score of 55 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Around Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $414K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% in all provided filings, which is a strong positive for transparency and indicates that no officers are receiving salaries from the organization.
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 Around Foundation's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue) in recent years.
- Significant decline in assets from $5,058,495 in 2020 to $2,410,661 in 2024.
- Discrepancy between stated 'Latest Revenue' and most recent filing's revenue.
- Lack of detailed spending breakdown (program vs. admin vs. fundraising) in provided data to assess efficiency.
Strengths
The following positive indicators were identified for Around Foundation:
- Consistent reporting of 0% officer compensation, indicating no executive salaries.
- Low liabilities reported across all filings, often $0 or $1.
Frequently Asked Questions about Around Foundation
Is Around Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Around Foundation (EIN: 113377271) some concerns. Mission Score: 55/100. 4 red flags identified, 2 strengths noted.
How does Around Foundation spend its money?
Around Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Around Foundation tax-deductible?
Around Foundation is registered as a tax-exempt nonprofit (EIN: 113377271). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Around Foundation's spending goes to programs?
Around Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Around Foundation compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Around Foundation is near average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Around Foundation located?
Around Foundation is headquartered in New York, New York and files with the IRS under EIN 113377271. It is classified under NTEE code T22.
How many years of IRS 990 filings does Around Foundation have?
Around Foundation has 12 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 $9.0M in total revenue.
Why does Around Foundation consistently spend more than it earns?
The provided IRS 990 data shows a consistent pattern of expenses exceeding revenue in most recent years (e.g., 2024, 2023, 2022, 2021), indicating operational deficits. This could be due to reliance on prior year reserves, grant cycles, or a need to re-evaluate spending or fundraising strategies.
What is the discrepancy between the 'Latest Revenue' and the most recent filing's revenue?
The provided 'Latest Revenue' of $9,027,260 is significantly higher than the $1,070,139 reported in the 202404 filing. This difference needs clarification to accurately assess the organization's current financial standing.
How has the organization's asset base changed over time?
Around Foundation's assets have significantly declined from a peak of $5,058,495 in 2020 to $2,410,661 in 2024, indicating a substantial reduction in financial reserves.
Is the organization financially sustainable given its spending patterns?
The current pattern of consistent operating deficits and declining assets suggests that the organization's financial model may not be sustainable in the long term without significant changes to revenue generation or expense management.
Filing History
IRS 990 filing history for Around Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2024), Around Foundation's revenue has grown by 511.7%, moving from $175K to $1.1M. Total assets decreased by 30.2% over the same period, from $3.5M to $2.4M. Total functional expenses rose by 562.8%, from $224K to $1.5M. In its most recent filing year (2024), Around Foundation reported a deficit of $414K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.1M | $1.5M | $2.4M | $1 | — | — |
| 2023 | $506K | $1.2M | $2.8M | $1 | — | View 990 |
| 2022 | $993K | $2.1M | $3.5M | $1 | — | View 990 |
| 2021 | $108K | $609K | $4.6M | $1 | — | View 990 |
| 2020 | $3.0M | $848K | $5.1M | $0 | — | View 990 |
| 2019 | $506K | $768K | $2.9M | $0 | — | View 990 |
| 2016 | $256K | $238K | $3.6M | $0 | — | View 990 |
| 2015 | $370K | $373K | $3.5M | $0 | — | View 990 |
| 2014 | $305K | $346K | $3.5M | $0 | — | View 990 |
| 2013 | $156K | $243K | $3.6M | $0 | — | View 990 |
| 2012 | $395K | $167K | $3.7M | $0 | — | View 990 |
| 2011 | $175K | $224K | $3.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.1M, expenses of $1.5M, and assets of $2.4M (revenue +111.5% year-over-year).
- 2023: Revenue of $506K, expenses of $1.2M, and assets of $2.8M (revenue -49.1% year-over-year).
- 2022: Revenue of $993K, expenses of $2.1M, and assets of $3.5M (revenue +822.9% year-over-year).
- 2021: Revenue of $108K, expenses of $609K, and assets of $4.6M (revenue -96.4% year-over-year).
- 2020: Revenue of $3.0M, expenses of $848K, and assets of $5.1M (revenue +487.2% year-over-year).
- 2019: Revenue of $506K, expenses of $768K, and assets of $2.9M (revenue +97.3% year-over-year).
- 2016: Revenue of $256K, expenses of $238K, and assets of $3.6M (revenue -30.6% year-over-year).
- 2015: Revenue of $370K, expenses of $373K, and assets of $3.5M (revenue +21.1% year-over-year).
- 2014: Revenue of $305K, expenses of $346K, and assets of $3.5M (revenue +95.1% year-over-year).
- 2013: Revenue of $156K, expenses of $243K, and assets of $3.6M (revenue -60.4% year-over-year).
- 2012: Revenue of $395K, expenses of $167K, and assets of $3.7M (revenue +125.8% year-over-year).
- 2011: Revenue of $175K, expenses of $224K, and assets of $3.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Around Foundation:
Data Sources and Methodology
This transparency report for Around 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.