Atalanta Foundation
Atalanta Foundation faces severe financial unsustainability with expenses consistently dwarfing minimal revenue, depleting assets.
EIN: 202043607 · Clinton, IA · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $169 |
| Total Expenses | $20K |
| Program Spending | 60% |
| Net Assets | $196K |
| Transparency Score | 35/100 |
Is Atalanta Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Atalanta Foundation directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Atalanta Foundation
Atalanta Foundation (EIN: 202043607) is a nonprofit organization based in Clinton, IA, classified under NTEE code T22. The organization reported total revenue of $169 and total assets of $196K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Atalanta Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Atalanta Foundation is a micro nonprofit that has been operating for 20 years, with 8 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of -28.2%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $169 |
| Total Expenses | $20K |
| Surplus / Deficit | $-19,353 |
| Total Assets | $196K |
| Total Liabilities | $1 |
| Net Assets | $196K |
| Operating Margin | -11451.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 120.6 months |
Financial Health Grade: B
In 2021, Atalanta Foundation reported a deficit of $19K with expenses exceeding revenue, holds 120.6 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 (2011–2021), Atalanta Foundation's revenue has declined at a compound annual growth rate (CAGR) of -28.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -24.9% | +83.6% | -9.0% |
| 2020 | -30.1% | -28.4% | -4.6% |
| 2019 | -97.7% | -5.2% | -8.8% |
| 2015 | +2427.1% | +13.9% | -0.7% |
| 2014 | -24.9% | +28.1% | -5.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Atalanta Foundation with a Mission Score of 35 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 30%
- programs: 60%
- fundraising: 10%
According to IRS 990 filings, Atalanta Foundation allocates its expenses as follows: admin: 30%, programs: 60%, fundraising: 10%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $19K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's officers are not receiving salaries, which is a positive for resource allocation but does not address the overall financial deficit.
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 Atalanta Foundation's IRS 990 filings:
- Consistent and significant deficit spending (expenses far exceeding revenue), e.g., $169 revenue vs. $19,522 expenses in 2021.
- Steady decline in total assets over time, from $274,918 in 2011 to $196,225 in 2021, indicating asset depletion.
- Extremely low revenue generation, suggesting a lack of sustainable fundraising or program income.
- Long-term financial viability is questionable given the current financial trends.
Strengths
The following positive indicators were identified for Atalanta Foundation:
- No officer compensation reported, indicating that leadership is not drawing a salary from the organization.
- Maintains a substantial asset base ($196,225 in 2021) despite consistent depletion.
Frequently Asked Questions about Atalanta Foundation
Is Atalanta Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Atalanta Foundation (EIN: 202043607) significant concerns. Mission Score: 35/100. 4 red flags identified, 2 strengths noted.
How does Atalanta Foundation spend its money?
Atalanta Foundation directs 60% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Atalanta Foundation tax-deductible?
Atalanta Foundation is registered as a tax-exempt nonprofit (EIN: 202043607). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Atalanta Foundation's spending goes to programs?
Atalanta Foundation directs 60% to programs, 10% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Atalanta Foundation compare to similar nonprofits?
With a transparency score of 35/100 (Poor), Atalanta Foundation is below average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Atalanta Foundation located?
Atalanta Foundation is headquartered in Clinton, Iowa and files with the IRS under EIN 202043607. It is classified under NTEE code T22.
How many years of IRS 990 filings does Atalanta Foundation have?
Atalanta 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 $169 in total revenue.
Is Atalanta Foundation a good charity?
Based on the provided financial data, Atalanta Foundation's financial health is concerning. While it has substantial assets, its revenue generation is extremely low compared to its expenses, leading to consistent asset depletion. This raises questions about its long-term sustainability and effectiveness, despite having no officer compensation.
How does Atalanta Foundation fund its operations?
The foundation primarily funds its operations by drawing down its existing assets, as evidenced by expenses consistently exceeding revenue. For example, in 2021, expenses were $19,522 while revenue was only $169. This is not a sustainable model for long-term operation.
What is the trend in Atalanta Foundation's assets?
Atalanta Foundation's assets have been steadily declining over the years, from $274,918 in 2011 to $196,225 in 2021, indicating that the organization is spending more than it earns and is liquidating its principal.
What is the organization's revenue generation capacity?
The organization's revenue generation capacity appears to be extremely low, with recent annual revenues ranging from $169 to $322. This minimal income is insufficient to cover its operational expenses, which have been in the range of $10,000 to $19,000 annually.
Filing History
IRS 990 filing history for Atalanta Foundation showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2021), Atalanta Foundation's revenue has declined by 96.4%, moving from $5K to $169. Total assets decreased by 28.6% over the same period, from $275K to $196K. Total functional expenses rose by 175.8%, from $7K to $20K. In its most recent filing year (2021), Atalanta Foundation reported a deficit of $19K, with expenses exceeding revenue. The organization holds $1 in liabilities against $196K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $196K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $169 | $20K | $196K | $1 | — | View 990 |
| 2020 | $225 | $11K | $216K | $1 | — | — |
| 2019 | $322 | $15K | $226K | $1 | — | View 990 |
| 2015 | $14K | $16K | $248K | $1 | — | View 990 |
| 2014 | $549 | $14K | $249K | $1 | — | View 990 |
| 2013 | $731 | $11K | $263K | $1 | — | View 990 |
| 2012 | $10K | $12K | $273K | $1 | — | View 990 |
| 2011 | $5K | $7K | $275K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $169, expenses of $20K, and assets of $196K (revenue -24.9% year-over-year).
- 2020: Revenue of $225, expenses of $11K, and assets of $216K (revenue -30.1% year-over-year).
- 2019: Revenue of $322, expenses of $15K, and assets of $226K (revenue -97.7% year-over-year).
- 2015: Revenue of $14K, expenses of $16K, and assets of $248K (revenue +2427.1% year-over-year).
- 2014: Revenue of $549, expenses of $14K, and assets of $249K (revenue -24.9% year-over-year).
- 2013: Revenue of $731, expenses of $11K, and assets of $263K (revenue -92.7% year-over-year).
- 2012: Revenue of $10K, expenses of $12K, and assets of $273K (revenue +114.7% year-over-year).
- 2011: Revenue of $5K, expenses of $7K, and assets of $275K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Atalanta Foundation:
Data Sources and Methodology
This transparency report for Atalanta 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.