Axion Research Foundation Inc
Axion Research Foundation: Declining Revenue, High Administrative Costs, and Transparency Concerns
EIN: 222604752 · Hamden, CT · NTEE: U50Z · Updated: 2026-04-04
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.
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%.
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
What does Axion Research Foundation Inc do?
Axion Research Foundation Inc is a nonprofit organization in the Science & Technology sector, located in Hamden, Connecticut. It is classified under NTEE code U50Z.
How much revenue does Axion Research Foundation Inc have?
Axion Research Foundation Inc reported total revenue of $108,029. Based on 13 IRS 990 filings on record.
What are Axion Research Foundation Inc's total assets?
Axion Research Foundation Inc holds total assets of $510,433 as reported in IRS 990 filings.
Where is Axion Research Foundation Inc located?
Axion Research Foundation Inc is based in Hamden, Connecticut.
What is Axion Research Foundation Inc's EIN?
Axion Research Foundation Inc's Employer Identification Number (EIN) is 222604752. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Axion Research Foundation Inc?
Axion Research Foundation Inc is classified under NTEE code U50Z (Science & Technology).
Is Axion Research Foundation Inc a registered 501(c)(3)?
Yes, Axion Research Foundation Inc is recognized as a tax-exempt organization by the IRS. EIN: 222604752.
Does Axion Research Foundation Inc file IRS Form 990?
Yes, Axion Research Foundation Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Axion Research Foundation Inc's revenue in 2023?
In the 202312 filing period, Axion Research Foundation Inc reported total revenue of $43,098, total expenses of $379,661, and net assets of $1,297,631.
Is Axion Research Foundation Inc's revenue growing or declining?
Axion Research Foundation Inc's revenue is declining. Revenue went from $580,023 (202212) to $43,098 (202312), a -92.6% change. Based on 13 filings on record.
What is Axion Research Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Axion Research Foundation Inc covers tax period 202312. It shows revenue of $43,098, expenses of $379,661, total assets of $1,297,631, and liabilities of $6,498.
Is Axion Research Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Axion Research Foundation Inc shows mixed signals. Mission Score: 45/100 (Fair). 4 red flags identified. 1 strength noted.
What are the red flags for Axion Research Foundation Inc?
The following concerns were identified: 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.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Axion Research Foundation Inc's strengths?
Positive indicators for Axion Research Foundation Inc include: None apparent from the provided financial data, given the consistent 0% program spending and declining financial health.. These findings are derived from AI analysis of the organization's financial filings.
How does Axion Research Foundation Inc compensate executives?
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 disclosure of officer, director, and key employee pay.
Given the consistent 0% program spending, what are the actual activities and purpose of Axion Research Foundation Inc.?
The financial data strongly suggests that Axion Research Foundation Inc. is not directly funding or conducting programs. The expenses are entirely categorized as administrative, raising questions about what services or functions these expenses support if not direct charitable activities.
How has Axion Research Foundation Inc. sustained operations with consistently declining revenue and 0% program spending?
The organization has sustained operations by drawing down its assets. For example, total assets decreased from $1,600,285 in 2022 to $510,433 in 2023, indicating that expenses are being covered by existing reserves rather than incoming revenue or program-related activities.
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 | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $43K | $380K | $1.3M | $6K | — | — |
| 2022 | $580K | $132K | $1.6M | $12K | — | — |
| 2021 | $56K | $139K | $592K | $147K | — | View 990 |
| 2020 | $229K | $333K | $691K | $197K | — | View 990 |
| 2019 | $2.4M | $2.4M | $1.0M | $254K | — | View 990 |
| 2018 | $3.4M | $2.8M | $944K | $547K | — | View 990 |
| 2017 | $2.8M | $2.8M | $569K | $768K | — | View 990 |
| 2016 | $3.1M | $3.2M | $607K | $675K | — | View 990 |
| 2015 | $2.0M | $2.5M | $693K | $634K | — | View 990 |
| 2014 | $2.6M | $1.9M | $859K | $362K | — | View 990 |
| 2013 | $1.5M | $1.6M | $311K | $510K | — | View 990 |
| 2012 | $1.1M | $1.7M | $344K | $413K | — | View 990 |
| 2011 | $1.8M | $1.5M | $540K | $12K | — | View 990 |
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.
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.