Avangrid Foundation Inc
Avangrid Foundation consistently generates revenue and maintains assets with no reported officer compensation.
EIN: 134200689 · Orange, CT · NTEE: T21 · Updated: 2026-03-28
Is Avangrid Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Avangrid Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Avangrid Foundation Inc
Avangrid Foundation Inc (EIN: 134200689) is a nonprofit organization based in Orange, CT, classified under NTEE code T21. The organization reported total revenue of $3.2M and total assets of $7.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Avangrid Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Avangrid Foundation Inc 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: 85%
- fundraising: 5%
According to IRS 990 filings, Avangrid Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Avangrid Foundation Inc. consistently reports 0% officer compensation across all provided filings, indicating that no salaries or benefits are paid to officers, which is highly unusual and suggests either volunteer leadership or compensation through a related entity not disclosed as officer compensation on the 990.
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 Avangrid Foundation Inc's IRS 990 filings:
- Consistent 0% officer compensation is highly unusual and warrants further investigation into leadership compensation structure.
- Lack of detailed functional expense breakdown in provided data limits full assessment of program efficiency.
Strengths
The following positive indicators were identified for Avangrid Foundation Inc:
- Consistent revenue generation, with recent surpluses (e.g., $367,795 in 2023).
- Strong asset base providing financial stability (e.g., $5,760,467 in 2023).
- Long history of IRS 990 filings, indicating regulatory compliance.
- No reported officer compensation, suggesting a high dedication of funds to mission or volunteer leadership.
Frequently Asked Questions about Avangrid Foundation Inc
Is Avangrid Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Avangrid Foundation Inc (EIN: 134200689) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Avangrid Foundation Inc spend its money?
Avangrid Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Avangrid Foundation Inc tax-deductible?
Avangrid Foundation Inc is registered as a tax-exempt nonprofit (EIN: 134200689). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Avangrid Foundation Inc. manage to operate with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this size and revenue. It suggests that either the leadership is entirely volunteer-based, or compensation is provided through a related entity (e.g., Avangrid, Inc.) and not reported as officer compensation on the 990, which would require further investigation to understand the full compensation structure.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided IRS 990 data does not include a detailed functional expense breakdown. While overall expenses are reported (e.g., $2,837,341 in 2023), the specific allocation to programs, administration, and fundraising is not available, making it difficult to precisely assess spending efficiency in these categories.
What is the primary source of the organization's revenue?
The provided data only shows total revenue figures. To understand the primary source (e.g., contributions, grants, investment income), one would need to examine the detailed revenue schedules within the full IRS Form 990.
Are there any significant liabilities that could impact future operations?
Liabilities have fluctuated, reaching $650,000 in 2023 and $935,000 in 2022. While these are not excessively high relative to assets (e.g., $5,760,467 in 2023), understanding the nature of these liabilities (e.g., grants payable, accounts payable) would be important for a complete financial risk assessment.
Filing History
IRS 990 filing history for Avangrid Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Avangrid Foundation Inc's revenue has grown by 182.8%, moving from $1.1M to $3.2M. Total assets increased by 3.2% over the same period, from $5.6M to $5.8M. Total functional expenses rose by 172.9%, from $1.0M to $2.8M. In its most recent filing year (2023), Avangrid Foundation Inc reported a surplus of $368K, with revenue exceeding expenses. The organization holds $650K in liabilities against $5.8M in assets (debt-to-asset ratio: 11.3%), resulting in net assets of $5.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $3.2M | $2.8M | $5.8M | $650K | — | — |
| 2022 | $5.0M | $4.1M | $5.7M | $935K | — | View 990 |
| 2021 | $2.6M | $2.6M | $4.0M | $78K | — | View 990 |
| 2020 | $2.9M | $3.7M | $4.4M | $466K | — | View 990 |
| 2019 | $2.1M | $2.6M | $5.8M | $1.1M | — | View 990 |
| 2015 | $1.7M | $1.5M | $7.3M | $0 | — | View 990 |
| 2014 | $2.9M | $2.4M | $7.0M | $0 | — | View 990 |
| 2013 | $1.3M | $1.5M | $6.5M | $5K | — | View 990 |
| 2012 | $2.6M | $1.6M | $6.6M | $5K | — | View 990 |
| 2011 | $1.1M | $1.0M | $5.6M | $26K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.2M, expenses of $2.8M, and assets of $5.8M (revenue -35.3% year-over-year).
- 2022: Revenue of $5.0M, expenses of $4.1M, and assets of $5.7M (revenue +89.7% year-over-year).
- 2021: Revenue of $2.6M, expenses of $2.6M, and assets of $4.0M (revenue -8.5% year-over-year).
- 2020: Revenue of $2.9M, expenses of $3.7M, and assets of $4.4M (revenue +39.0% year-over-year).
- 2019: Revenue of $2.1M, expenses of $2.6M, and assets of $5.8M (revenue +21.3% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.5M, and assets of $7.3M (revenue -42.4% year-over-year).
- 2014: Revenue of $2.9M, expenses of $2.4M, and assets of $7.0M (revenue +118.8% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.5M, and assets of $6.5M (revenue -49.4% year-over-year).
- 2012: Revenue of $2.6M, expenses of $1.6M, and assets of $6.6M (revenue +133.7% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.0M, and assets of $5.6M.
Data Sources and Methodology
This transparency report for Avangrid Foundation 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.