Carl Malone Foundation Inc
Carl Malone Foundation Inc. faces severe revenue decline and persistent deficit spending, with liabilities significantly exceeding assets.
EIN: 204765874 · Cleveland, TN · NTEE: P32 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $106K |
| Total Expenses | $111K |
| Program Spending | 70% |
| Net Assets | $-231,814 |
| Transparency Score | 40/100 |
Is Carl Malone Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Carl Malone Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Carl Malone Foundation Inc
Carl Malone Foundation Inc (EIN: 204765874) is a nonprofit organization based in Cleveland, TN, classified under NTEE code P32. The organization reported total revenue of $106K and total assets of $31K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carl Malone Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carl Malone Foundation Inc is a small nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -16.3%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $106K |
| Total Expenses | $111K |
| Surplus / Deficit | $-4,596 |
| Total Assets | $31K |
| Total Liabilities | $262K |
| Net Assets | $-231,814 |
| Operating Margin | -4.3% |
| Debt-to-Asset Ratio | 858.1% |
| Months of Reserves | 3.3 months |
Financial Health Grade: C
In 2022, Carl Malone Foundation Inc reported a deficit of $5K with expenses exceeding revenue, holds 3.3 months of operating reserves (adequate), has a debt-to-asset ratio of 858.1% (high leverage).
Financial Trends
Over 12 years of filings (2011–2022), Carl Malone Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -16.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -79.1% | -76.8% | -9.6% |
| 2021 | -51.3% | -56.2% | -79.2% |
| 2020 | -5.2% | -0.6% | +92.7% |
| 2019 | +4.9% | +0.9% | -8.8% |
| 2018 | +2.0% | +7.3% | -14.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Carl Malone Foundation Inc with a Mission Score of 40 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, Carl Malone Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 858.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is commendable and indicates that no funds are being diverted to executive salaries, especially given the organization's declining financial health.
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 Carl Malone Foundation Inc's IRS 990 filings:
- Drastic revenue decline from $1.1 million in 2019 to $106,311 in 2022.
- Consistent deficit spending in recent years (e.g., 2022: expenses $110,907 vs. revenue $106,311).
- High liabilities ($262,393 in 2022) significantly exceeding assets ($30,579 in 2022).
- Negative net assets indicated by the asset-liability imbalance.
- Unclear sustainability given the financial trajectory.
Strengths
The following positive indicators were identified for Carl Malone Foundation Inc:
- 0% officer compensation reported across all available filings, indicating no executive pay.
- Long filing history (12 filings), suggesting consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Carl Malone Foundation Inc
Is Carl Malone Foundation Inc a legitimate charity?
Carl Malone Foundation Inc (EIN: 204765874) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 40/100. It has 12 years of IRS 990 filings on record. Total revenue: $106K. 5 red flags identified. 2 strengths noted. Financial health grade: C.
How does Carl Malone Foundation Inc spend its money?
Carl Malone Foundation Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Carl Malone Foundation Inc tax-deductible?
Carl Malone Foundation Inc is registered as a tax-exempt nonprofit (EIN: 204765874). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Carl Malone Foundation Inc's spending goes to programs?
Carl Malone Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Carl Malone Foundation Inc compare to similar nonprofits?
With a transparency score of 40/100 (Fair), Carl Malone Foundation Inc is near average for NTEE category P32 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Carl Malone Foundation Inc located?
Carl Malone Foundation Inc is headquartered in Cleveland, Tennessee and files with the IRS under EIN 204765874. It is classified under NTEE code P32.
How many years of IRS 990 filings does Carl Malone Foundation Inc have?
Carl Malone Foundation Inc has 12 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 $106K in total revenue.
What caused the drastic decline in revenue from over $1 million in 2019 to $106,311 in 2022?
The provided data does not specify the reasons for the revenue decline, but it is a critical factor impacting the organization's sustainability.
How does the organization plan to address its significant liabilities, which were $262,393 in 2022, far exceeding its assets of $30,579?
The filings indicate a persistent imbalance between liabilities and assets, but a strategy for resolution is not detailed.
What is the detailed functional expense breakdown (program, administrative, fundraising) for recent years, given the overall deficit spending?
The provided summary data does not offer this level of detail, making it difficult to fully assess spending efficiency.
Is the organization at risk of insolvency given its consistent deficit spending and high liabilities relative to assets?
The financial trends suggest a high risk, as expenses have frequently outpaced revenue, and liabilities are substantial compared to assets.
What specific programs or services did the Carl Malone Foundation Inc. provide in 2022 with its reduced revenue?
The financial data does not detail the specific programs or services delivered, only the overall financial figures.
Filing History
IRS 990 filing history for Carl Malone Foundation Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Carl Malone Foundation Inc's revenue has declined by 85.9%, moving from $752K to $106K. Total assets decreased by 64.5% over the same period, from $86K to $31K. Total functional expenses fell by 84.6%, from $721K to $111K. In its most recent filing year (2022), Carl Malone Foundation Inc reported a deficit of $5K, with expenses exceeding revenue. The organization holds $262K in liabilities against $31K in assets (debt-to-asset ratio: 858.1%), resulting in net assets of $-231,814.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $106K | $111K | $31K | $262K | — | — |
| 2021 | $508K | $478K | $34K | $261K | — | View 990 |
| 2020 | $1.0M | $1.1M | $163K | $421K | — | — |
| 2019 | $1.1M | $1.1M | $85K | $297K | — | View 990 |
| 2018 | $1.1M | $1.1M | $93K | $311K | — | View 990 |
| 2017 | $1.0M | $1.0M | $109K | $298K | — | View 990 |
| 2016 | $1.0M | $1.0M | $109K | $316K | — | View 990 |
| 2015 | $961K | $979K | $97K | $308K | — | View 990 |
| 2014 | $876K | $860K | $97K | $291K | — | View 990 |
| 2013 | $782K | $771K | $83K | $292K | — | View 990 |
| 2012 | $719K | $747K | $70K | $290K | — | View 990 |
| 2011 | $752K | $721K | $86K | $278K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $106K, expenses of $111K, and assets of $31K (revenue -79.1% year-over-year).
- 2021: Revenue of $508K, expenses of $478K, and assets of $34K (revenue -51.3% year-over-year).
- 2020: Revenue of $1.0M, expenses of $1.1M, and assets of $163K (revenue -5.2% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.1M, and assets of $85K (revenue +4.9% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.1M, and assets of $93K (revenue +2.0% year-over-year).
- 2017: Revenue of $1.0M, expenses of $1.0M, and assets of $109K (revenue -1.9% year-over-year).
- 2016: Revenue of $1.0M, expenses of $1.0M, and assets of $109K (revenue +9.3% year-over-year).
- 2015: Revenue of $961K, expenses of $979K, and assets of $97K (revenue +9.7% year-over-year).
- 2014: Revenue of $876K, expenses of $860K, and assets of $97K (revenue +12.1% year-over-year).
- 2013: Revenue of $782K, expenses of $771K, and assets of $83K (revenue +8.8% year-over-year).
- 2012: Revenue of $719K, expenses of $747K, and assets of $70K (revenue -4.4% year-over-year).
- 2011: Revenue of $752K, expenses of $721K, and assets of $86K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carl Malone Foundation Inc:
Data Sources and Methodology
This transparency report for Carl Malone 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.