Ashford Foundation Of Delaware Inc
Ashford Foundation: Declining Revenue, High Administrative Costs
EIN: 222469163 · Wilmington, DE · Updated: 2026-04-04
Is Ashford Foundation Of Delaware Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ashford Foundation Of Delaware Inc
Ashford Foundation Of Delaware Inc (EIN: 222469163) is a nonprofit organization based in Wilmington, DE. The organization reported total revenue of $1.4M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ashford Foundation Of Delaware Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ashford Foundation Of Delaware Inc is a mid-size nonprofit that has been operating for 43 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $31K |
| Total Expenses | $428K |
| Surplus / Deficit | $-396,389 |
| Total Assets | $1.4M |
| Total Liabilities | $1 |
| Net Assets | $1.4M |
| Operating Margin | -1273.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 39.1 months |
Financial Health Grade: B
In 2023, Ashford Foundation Of Delaware Inc reported a deficit of $396K with expenses exceeding revenue, holds 39.1 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 (2011–2023), Ashford Foundation Of Delaware Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -56.8% | -3.6% | -22.2% |
| 2022 | -89.1% | +70.7% | -17.2% |
| 2021 | +66.4% | +149.9% | +22.7% |
| 2020 | +4.0% | -41.6% | +19.9% |
| 2019 | +109.7% | +105.3% | +39.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
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 Ashford Foundation Of Delaware Inc 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: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Ashford Foundation Of Delaware Inc allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $396K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific compensation figures are reported in the provided financial data, and all expenditures are categorized as administrative.
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 Ashford Foundation Of Delaware Inc's IRS 990 filings:
- Zero charitable contributions reported across all available filings, indicating no direct programmatic impact.
- 100% of reported expenditures are administrative, raising concerns about operational efficiency and mission fulfillment.
- Significant decline in revenue from $660,165 in 2021 to $31,129 in 2023, suggesting financial instability.
- Assets have decreased from a high of $2,160,467 in 2021 to $1,392,229 in 2023.
Strengths
The following positive indicators were identified for Ashford Foundation Of Delaware Inc:
- The organization maintains a substantial asset base relative to its recent revenue, with $1,392,229 in assets as of 2023.
Frequently Asked Questions about Ashford Foundation Of Delaware Inc
Is Ashford Foundation Of Delaware Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ashford Foundation Of Delaware Inc (EIN: 222469163) significant concerns. Mission Score: 45/100. 4 red flags identified, 1 strength noted.
How does Ashford Foundation Of Delaware Inc spend its money?
Detailed spending breakdown data is not yet available for Ashford Foundation Of Delaware Inc. Check back for updated IRS 990 analysis.
Are donations to Ashford Foundation Of Delaware Inc tax-deductible?
Ashford Foundation Of Delaware Inc is registered as a tax-exempt nonprofit (EIN: 222469163). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Ashford Foundation Of Delaware Inc do?
Ashford Foundation Of Delaware Inc is a nonprofit organization in the Unknown sector, located in Wilmington, Delaware. It is classified under NTEE code Unknown.
How much revenue does Ashford Foundation Of Delaware Inc have?
Ashford Foundation Of Delaware Inc reported total revenue of $1,443,241. Based on 10 IRS 990 filings on record.
What are Ashford Foundation Of Delaware Inc's total assets?
Ashford Foundation Of Delaware Inc holds total assets of $1,246,990 as reported in IRS 990 filings.
Where is Ashford Foundation Of Delaware Inc located?
Ashford Foundation Of Delaware Inc is based in Wilmington, Delaware.
What is Ashford Foundation Of Delaware Inc's EIN?
Ashford Foundation Of Delaware Inc's Employer Identification Number (EIN) is 222469163. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Ashford Foundation Of Delaware Inc?
Ashford Foundation Of Delaware Inc is classified under NTEE code Unknown (Unknown).
Is Ashford Foundation Of Delaware Inc a registered 501(c)(3)?
Ashford Foundation Of Delaware Inc appears in IRS records (EIN: 222469163). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Ashford Foundation Of Delaware Inc file IRS Form 990?
Yes, Ashford Foundation Of Delaware Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202308.
What was Ashford Foundation Of Delaware Inc's revenue in 2023?
In the 202308 filing period, Ashford Foundation Of Delaware Inc reported total revenue of $31,129, total expenses of $427,518, and net assets of $1,392,229.
Is Ashford Foundation Of Delaware Inc's revenue growing or declining?
Ashford Foundation Of Delaware Inc's revenue is declining. Revenue went from $72,071 (202208) to $31,129 (202308), a -56.8% change. Based on 10 filings on record.
What is Ashford Foundation Of Delaware Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Ashford Foundation Of Delaware Inc covers tax period 202308. It shows revenue of $31,129, expenses of $427,518, total assets of $1,392,229, and liabilities of $1.
Is Ashford Foundation Of Delaware Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Ashford Foundation Of Delaware Inc shows mixed signals. Mission Score: 45/100 (Fair). 4 red flags identified. 1 strength noted.
What are the red flags for Ashford Foundation Of Delaware Inc?
The following concerns were identified: Zero charitable contributions reported across all available filings, indicating no direct programmatic impact.. 100% of reported expenditures are administrative, raising concerns about operational efficiency and mission fulfillment.. Significant decline in revenue from $660,165 in 2021 to $31,129 in 2023, suggesting financial instability.. Assets have decreased from a high of $2,160,467 in 2021 to $1,392,229 in 2023.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Ashford Foundation Of Delaware Inc's strengths?
Positive indicators for Ashford Foundation Of Delaware Inc include: The organization maintains a substantial asset base relative to its recent revenue, with $1,392,229 in assets as of 2023.. These findings are derived from AI analysis of the organization's financial filings.
How does Ashford Foundation Of Delaware Inc compensate executives?
Executive compensation cannot be assessed as no specific compensation figures are reported in the provided financial data, and all expenditures are categorized as administrative. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of 0% charitable contributions and 100% administrative expenses, what is the primary purpose or activity of the Ashford Foundation of Delaware Inc.?
Based on the provided data, the foundation appears to function primarily as an asset holding and management entity, with no direct charitable program expenditures reported. Further investigation into its specific activities beyond financial administration would be necessary.
Filing History
IRS 990 filing history for Ashford Foundation Of Delaware Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Ashford Foundation Of Delaware Inc's revenue has declined by 36%, moving from $49K to $31K. Total assets increased by 81.7% over the same period, from $766K to $1.4M. Total functional expenses rose by 727.8%, from $52K to $428K. In its most recent filing year (2023), Ashford Foundation Of Delaware Inc reported a deficit of $396K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $31K | $428K | $1.4M | $1 | — | View 990 |
| 2022 | $72K | $443K | $1.8M | $1 | — | View 990 |
| 2021 | $660K | $260K | $2.2M | $1 | — | — |
| 2020 | $397K | $104K | $1.8M | $0 | — | View 990 |
| 2019 | $381K | $178K | $1.5M | $0 | — | View 990 |
| 2015 | $182K | $87K | $1.0M | $0 | — | View 990 |
| 2014 | $125K | $58K | $955K | $0 | — | View 990 |
| 2013 | $137K | $54K | $886K | $0 | — | View 990 |
| 2012 | $96K | $60K | $802K | $0 | — | View 990 |
| 2011 | $49K | $52K | $766K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $31K, expenses of $428K, and assets of $1.4M (revenue -56.8% year-over-year).
- 2022: Revenue of $72K, expenses of $443K, and assets of $1.8M (revenue -89.1% year-over-year).
- 2021: Revenue of $660K, expenses of $260K, and assets of $2.2M (revenue +66.4% year-over-year).
- 2020: Revenue of $397K, expenses of $104K, and assets of $1.8M (revenue +4.0% year-over-year).
- 2019: Revenue of $381K, expenses of $178K, and assets of $1.5M (revenue +109.7% year-over-year).
- 2015: Revenue of $182K, expenses of $87K, and assets of $1.0M (revenue +45.1% year-over-year).
- 2014: Revenue of $125K, expenses of $58K, and assets of $955K (revenue -8.5% year-over-year).
- 2013: Revenue of $137K, expenses of $54K, and assets of $886K (revenue +42.3% year-over-year).
- 2012: Revenue of $96K, expenses of $60K, and assets of $802K (revenue +97.9% year-over-year).
- 2011: Revenue of $49K, expenses of $52K, and assets of $766K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ashford Foundation Of Delaware Inc:
Data Sources and Methodology
This transparency report for Ashford Foundation Of Delaware Inc 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.