Belvedere Foundation
Belvedere Foundation consistently spends more than it earns, drawing down assets over the past decade.
EIN: 136992357 · Norwalk, CT · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $383K |
| Total Expenses | $88K |
| Program Spending | 70% |
| Net Assets | $713K |
| Transparency Score | 65/100 |
Is Belvedere Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Belvedere Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Belvedere Foundation
Belvedere Foundation (EIN: 136992357) is a nonprofit organization based in Norwalk, CT. The organization reported total revenue of $383K and total assets of $808K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Belvedere Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Belvedere Foundation is a small nonprofit that has been operating for 34 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $43K |
| Total Expenses | $88K |
| Surplus / Deficit | $-44,650 |
| Total Assets | $713K |
| Total Liabilities | $1 |
| Net Assets | $713K |
| Operating Margin | -104.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 97.8 months |
Financial Health Grade: B
In 2023, Belvedere Foundation reported a deficit of $45K with expenses exceeding revenue, holds 97.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Belvedere Foundation's revenue has grown at a compound annual growth rate (CAGR) of 12.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +34.9% | +71.8% | -5.9% |
| 2022 | -40.4% | +22.8% | -2.6% |
| 2021 | +316.1% | +15.1% | +1.5% |
| 2020 | -56.6% | +14.2% | -3.0% |
| 2019 | -37.6% | -43.3% | -21.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 Belvedere Foundation with a Mission Score of 65 out of 100 (Good). 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, Belvedere Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $45K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either unpaid or compensated through non-officer roles, which is highly efficient for an organization of its size.
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 Belvedere Foundation's IRS 990 filings:
- Consistent deficit spending, with expenses frequently exceeding revenue (e.g., 2023 expenses $87,525 vs. revenue $42,875).
- Declining asset base over the past decade, from over $1 million to $713,461, indicating unsustainable financial practices.
- Unknown NTEE code, which limits understanding of its specific mission and comparative analysis.
Strengths
The following positive indicators were identified for Belvedere Foundation:
- Consistent IRS 990 filing history, demonstrating good transparency and compliance.
- Negligible liabilities ($0 or $1 across all filings), indicating a very clean balance sheet.
- 0% officer compensation reported, suggesting highly efficient executive cost management.
Frequently Asked Questions about Belvedere Foundation
Is Belvedere Foundation a legitimate charity?
Belvedere Foundation (EIN: 136992357) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $383K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Belvedere Foundation spend its money?
Belvedere Foundation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Belvedere Foundation tax-deductible?
Belvedere Foundation is registered as a tax-exempt nonprofit (EIN: 136992357). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Belvedere Foundation's spending goes to programs?
Belvedere Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Belvedere Foundation located?
Belvedere Foundation is headquartered in Norwalk, Connecticut and files with the IRS under EIN 136992357.
How many years of IRS 990 filings does Belvedere Foundation have?
Belvedere Foundation has 10 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 $383K in total revenue.
Is Belvedere Foundation financially sustainable given its consistent deficit spending?
The foundation has consistently spent more than its revenue, for example, $87,525 in expenses against $42,875 in revenue in 2023. While it has a substantial asset base of $713,461, this pattern is not sustainable long-term as it depletes assets.
What is the primary cause of the decline in assets from $1,059,265 in 2013 to $713,461 in 2023?
The decline in assets is primarily due to the organization consistently incurring more expenses than its revenue, leading to a draw-down from its asset base to cover operational costs.
How does the lack of officer compensation impact the organization's financial health?
The consistent 0% officer compensation is a positive indicator, suggesting that a significant portion of potential overhead is avoided, which can free up funds for programs or other operational needs.
Filing History
IRS 990 filing history for Belvedere Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Belvedere Foundation's revenue has grown by 329.9%, moving from $10K to $43K. Total assets decreased by 30.1% over the same period, from $1.0M to $713K. Total functional expenses rose by 140.6%, from $36K to $88K. In its most recent filing year (2023), Belvedere Foundation reported a deficit of $45K, with expenses exceeding revenue. The organization holds $1 in liabilities against $713K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $713K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $43K | $88K | $713K | $1 | — | View 990 |
| 2022 | $32K | $51K | $758K | $1 | — | View 990 |
| 2021 | $53K | $41K | $778K | $1 | — | — |
| 2020 | $13K | $36K | $766K | $1 | — | — |
| 2019 | $30K | $32K | $790K | $0 | — | View 990 |
| 2015 | $47K | $56K | $1.0M | $0 | — | View 990 |
| 2014 | $16K | $59K | $1.0M | $0 | — | View 990 |
| 2013 | $72K | $33K | $1.1M | $0 | — | View 990 |
| 2012 | $25K | $25K | $1.0M | $0 | — | View 990 |
| 2011 | $10K | $36K | $1.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $43K, expenses of $88K, and assets of $713K (revenue +34.9% year-over-year).
- 2022: Revenue of $32K, expenses of $51K, and assets of $758K (revenue -40.4% year-over-year).
- 2021: Revenue of $53K, expenses of $41K, and assets of $778K (revenue +316.1% year-over-year).
- 2020: Revenue of $13K, expenses of $36K, and assets of $766K (revenue -56.6% year-over-year).
- 2019: Revenue of $30K, expenses of $32K, and assets of $790K (revenue -37.6% year-over-year).
- 2015: Revenue of $47K, expenses of $56K, and assets of $1.0M (revenue +193.1% year-over-year).
- 2014: Revenue of $16K, expenses of $59K, and assets of $1.0M (revenue -77.5% year-over-year).
- 2013: Revenue of $72K, expenses of $33K, and assets of $1.1M (revenue +183.2% year-over-year).
- 2012: Revenue of $25K, expenses of $25K, and assets of $1.0M (revenue +153.8% year-over-year).
- 2011: Revenue of $10K, expenses of $36K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Belvedere Foundation:
Data Sources and Methodology
This transparency report for Belvedere 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.