Axion Research Foundation Inc

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Axion Research Foundation Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Axion Research Foundation Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Axion Research Foundation Inc in one place.

Is Axion Research Foundation Inc Legit?

Significant Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Request a concise report for Axion Research Foundation Inc with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

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About Axion Research Foundation Inc

Axion Research Foundation Inc (EIN: 222604752) is a nonprofit organization based in Hamden, CT, classified under NTEE code U50Z. The organization reported total revenue of $108K and total assets of $510K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Axion Research Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Axion Research Foundation Inc is a small nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -26.7%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2023, Axion Research Foundation Inc reported a deficit of $337K with expenses exceeding revenue, holds 41.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Axion Research Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -26.7%.

IRS Tax-Exempt Classification

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 Axion Research Foundation 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, Axion Research Foundation 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 $337K, with expenses exceeding revenue.
• Debt-to-asset ratio: 0.5%.

Executive Compensation Analysis

Without specific compensation figures for executives, it is impossible to assess the reasonableness of executive compensation; however, given the 0% program spending, any compensation would be concerning.

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 Axion Research Foundation Inc's IRS 990 filings:

• Consistent 0% program spending across all reported years (2016-2023) suggests the organization may not be actively engaged in its stated mission.
• Significant and sustained decline in revenue from $3,439,036 in 2018 to $108,029 in 2023, while expenses remain high.
• Expenses consistently exceed revenue in recent years, leading to a depletion of assets (e.g., assets decreased from $1,600,285 in 2022 to $510,433 in 2023).
• The organization reported 0% fundraising costs, which, combined with declining revenue, could indicate a lack of active fundraising or miscategorization of expenses.

Strengths

The following positive indicators were identified for Axion Research Foundation Inc:

• None apparent from the provided financial data, given the consistent 0% program spending and declining financial health.

Frequently Asked Questions about Axion Research Foundation Inc

Filing History

IRS 990 filing history for Axion Research Foundation Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Axion Research Foundation Inc's revenue has declined by 97.6%, moving from $1.8M to $43K. Total assets increased by 140.4% over the same period, from $540K to $1.3M. Total functional expenses fell by 73.8%, from $1.5M to $380K. In its most recent filing year (2023), Axion Research Foundation Inc reported a deficit of $337K, with expenses exceeding revenue. The organization holds $6K in liabilities against $1.3M in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $1.3M.

Year-by-Year Financial Summary

• 2023: Revenue of $43K, expenses of $380K, and assets of $1.3M (revenue -92.6% year-over-year).
• 2022: Revenue of $580K, expenses of $132K, and assets of $1.6M (revenue +944.8% year-over-year).
• 2021: Revenue of $56K, expenses of $139K, and assets of $592K (revenue -75.7% year-over-year).
• 2020: Revenue of $229K, expenses of $333K, and assets of $691K (revenue -90.5% year-over-year).
• 2019: Revenue of $2.4M, expenses of $2.4M, and assets of $1.0M (revenue -30.2% year-over-year).
• 2018: Revenue of $3.4M, expenses of $2.8M, and assets of $944K (revenue +23.6% year-over-year).
• 2017: Revenue of $2.8M, expenses of $2.8M, and assets of $569K (revenue -10.6% year-over-year).
• 2016: Revenue of $3.1M, expenses of $3.2M, and assets of $607K (revenue +53.2% year-over-year).
• 2015: Revenue of $2.0M, expenses of $2.5M, and assets of $693K (revenue -22.1% year-over-year).
• 2014: Revenue of $2.6M, expenses of $1.9M, and assets of $859K (revenue +74.8% year-over-year).
• 2013: Revenue of $1.5M, expenses of $1.6M, and assets of $311K (revenue +32.3% year-over-year).
• 2012: Revenue of $1.1M, expenses of $1.7M, and assets of $344K (revenue -36.8% year-over-year).
• 2011: Revenue of $1.8M, expenses of $1.5M, and assets of $540K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Axion Research Foundation Inc:

Data Sources and Methodology

This transparency report for Axion Research 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.