Augustine Foundation

Augustine Foundation consistently operates at a deficit, drawing down assets over the past decade.

EIN: 132997450 · Flushing, NY · Updated: 2026-03-28

$9.5MRevenue

$15.7MAssets

55/100Mission Score (Fair)

About Augustine Foundation

Augustine Foundation (EIN: 132997450) is a nonprofit organization based in Flushing, NY. The organization reported total revenue of $9.5M and total assets of $15.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Augustine Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Augustine Foundation exhibits a concerning trend of consistent operating deficits over the past several years, with expenses frequently exceeding revenue. For instance, in 2023, expenses were $1,872,144 against revenues of $1,452,422, and similar patterns are observed in 2022, 2020, 2019, and earlier periods. While the organization maintains substantial assets ($15,680,778 latest, though declining from $21,326,980 in 2011), this deficit spending is unsustainable long-term and suggests reliance on drawing down reserves or investment income, which isn't explicitly detailed as a primary revenue source. The lack of reported officer compensation across all filings indicates either a fully volunteer-run leadership or that compensation is reported under other expense categories, which could impact transparency regarding administrative costs.

The organization's financial health appears to be in decline, as evidenced by the decreasing asset base over the past decade. Liabilities have fluctuated but remained relatively low compared to assets, except for a notable increase to $26,686 in 2022 and 2023. Without a breakdown of program, administrative, and fundraising expenses, it's difficult to assess spending efficiency accurately. However, the consistent operating losses are a significant concern for long-term viability and financial stability. The absence of reported officer compensation is a positive sign for minimizing overhead, assuming it's not hidden elsewhere, but the overall financial trend warrants closer scrutiny.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Augustine 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, Augustine Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

The Augustine Foundation consistently reports 0% officer compensation across all available filings, suggesting either a volunteer-led organization or that executive salaries are categorized under other expenses, which would reduce transparency.

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 Augustine Foundation's IRS 990 filings:

Consistent operating deficits (expenses exceeding revenue) over multiple years, e.g., $1.87M expenses vs. $1.45M revenue in 2023.
Declining asset base over the past decade, from $21.3M in 2011 to $15.6M currently, indicating unsustainable spending.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary, hindering efficiency assessment.
Significant fluctuation in annual revenue without clear explanation of sources.

Strengths

The following positive indicators were identified for Augustine Foundation:

Relatively low liabilities compared to assets, indicating good balance sheet health in that regard.
No reported officer compensation, suggesting a commitment to minimizing executive overhead.

Frequently Asked Questions about Augustine Foundation

Why has the Augustine Foundation consistently spent more than its revenue, leading to a decline in assets?

The filings show a pattern of expenses exceeding revenue in most years (e.g., $1.87M expenses vs. $1.45M revenue in 2023), resulting in a decrease in total assets from $21.3M in 2011 to $15.6M currently. This suggests the organization is drawing down its reserves or relying on investment income not fully captured as 'revenue' in these summaries.

What is the primary source of the Augustine Foundation's revenue, given its fluctuating nature?

The provided data shows revenue fluctuating significantly year-to-year (e.g., $2.3M in 2021 vs. $1.4M in 2023). Without detailed Schedule A or B from the 990, it's unclear if this comes from public support, grants, or investment income, making it difficult to assess funding stability.

How does the Augustine Foundation manage to operate with 0% reported officer compensation?

The consistent reporting of 0% officer compensation across all filings is unusual for an organization with nearly $10 million in latest revenue and $15 million in assets. This could indicate a fully volunteer executive leadership or that compensation is reported under 'other salaries and wages' or 'professional fees' rather than specifically as officer compensation, which impacts transparency.

Filing History

IRS 990 filing history for Augustine Foundation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Augustine Foundation's revenue has grown by 129.6%, moving from $632K to $1.5M. Total assets decreased by 24.7% over the same period, from $21.3M to $16.1M. Total functional expenses fell by 43.2%, from $3.3M to $1.9M. In its most recent filing year (2023), Augustine Foundation reported a deficit of $420K, with expenses exceeding revenue. The organization holds $27K in liabilities against $16.1M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $16.0M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.5M	$1.9M	$16.1M	$27K	—	—
2022	$1.8M	$2.0M	$16.5M	$27K	—	View 990
2021	$2.4M	$1.8M	$16.7M	$15K	—	—
2020	$1.5M	$1.9M	$16.1M	$3K	—	—
2019	$1.4M	$1.9M	$16.4M	$15K	—	View 990
2015	$1.1M	$1.3M	$18.6M	$11K	—	View 990
2014	$914K	$1.2M	$18.8M	$5K	—	View 990
2013	$443K	$820K	$19.1M	$5K	—	View 990
2012	$1.4M	$3.2M	$19.4M	$7K	—	View 990
2011	$632K	$3.3M	$21.3M	$4K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.5M, expenses of $1.9M, and assets of $16.1M (revenue -20.1% year-over-year).
2022: Revenue of $1.8M, expenses of $2.0M, and assets of $16.5M (revenue -23.3% year-over-year).
2021: Revenue of $2.4M, expenses of $1.8M, and assets of $16.7M (revenue +54.7% year-over-year).
2020: Revenue of $1.5M, expenses of $1.9M, and assets of $16.1M (revenue +11.7% year-over-year).
2019: Revenue of $1.4M, expenses of $1.9M, and assets of $16.4M (revenue +24.7% year-over-year).
2015: Revenue of $1.1M, expenses of $1.3M, and assets of $18.6M (revenue +20.3% year-over-year).
2014: Revenue of $914K, expenses of $1.2M, and assets of $18.8M (revenue +106.5% year-over-year).
2013: Revenue of $443K, expenses of $820K, and assets of $19.1M (revenue -67.3% year-over-year).
2012: Revenue of $1.4M, expenses of $3.2M, and assets of $19.4M (revenue +114.3% year-over-year).
2011: Revenue of $632K, expenses of $3.3M, and assets of $21.3M.

Data Sources and Methodology

This transparency report for Augustine 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.