Celebrities For Charity Foundation Inc
Celebrities For Charity Foundation Inc. reports zero revenue and assets in its latest filing, indicating inactivity.
EIN: 20586765 · Boston, MA · NTEE: T99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $1.4M |
| Program Spending | 75% |
| Net Assets | $-161,980 |
| Transparency Score | 40/100 |
Is Celebrities For Charity Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Celebrities For Charity Foundation Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Celebrities For Charity Foundation Inc
Celebrities For Charity Foundation Inc (EIN: 20586765) is a nonprofit organization based in Boston, MA, classified under NTEE code T99. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Celebrities For Charity Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Celebrities For Charity Foundation Inc is a mid-size nonprofit that has been operating for 24 years, with 3 years of IRS 990 filings on record (2011–2013). Revenue has grown at a compound annual rate of -31.5%.
Key Financial Metrics (2013)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.4M |
| Surplus / Deficit | +$32K |
| Total Assets | $195K |
| Total Liabilities | $357K |
| Net Assets | $-161,980 |
| Operating Margin | 2.3% |
| Debt-to-Asset Ratio | 183.2% |
| Months of Reserves | 1.7 months |
Financial Health Grade: B
In 2013, Celebrities For Charity Foundation Inc reported a surplus of $32K with revenue exceeding expenses, holds 1.7 months of operating reserves (limited), has a debt-to-asset ratio of 183.2% (high leverage).
Financial Trends
Over 3 years of filings (2011–2013), Celebrities For Charity Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -31.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2013 | -42.6% | -43.6% | +22.7% |
| 2012 | -18.2% | -17.0% | +4.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Celebrities For Charity 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Celebrities For Charity Foundation Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2013)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $32K, with revenue exceeding expenses.
- Debt-to-asset ratio: 183.2%.
Executive Compensation Analysis
Executive compensation was consistently reported as 0% across all available filings, suggesting either a volunteer-led organization or that compensation was not categorized as officer compensation.
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 Celebrities For Charity Foundation Inc's IRS 990 filings:
- Zero revenue and assets in latest filing, indicating inactivity or dissolution.
- Liabilities consistently exceeded assets during active years (e.g., $356,781 liabilities vs. $194,801 assets in 2013).
Strengths
The following positive indicators were identified for Celebrities For Charity Foundation Inc:
- Historically high program spending efficiency during active years, with expenses closely matching revenue.
- No reported officer compensation across all filings.
Frequently Asked Questions about Celebrities For Charity Foundation Inc
Is Celebrities For Charity Foundation Inc a legitimate charity?
Celebrities For Charity Foundation Inc (EIN: 20586765) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 40/100. It has 3 years of IRS 990 filings on record. 2 red flags identified. 2 strengths noted. Financial health grade: B.
How does Celebrities For Charity Foundation Inc spend its money?
Celebrities For Charity Foundation Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Celebrities For Charity Foundation Inc tax-deductible?
Celebrities For Charity Foundation Inc is registered as a tax-exempt nonprofit (EIN: 20586765). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Celebrities For Charity Foundation Inc's spending goes to programs?
Celebrities For Charity Foundation Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Celebrities For Charity Foundation Inc compare to similar nonprofits?
With a transparency score of 40/100 (Fair), Celebrities For Charity Foundation Inc is near average for NTEE category T99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Celebrities For Charity Foundation Inc located?
Celebrities For Charity Foundation Inc is headquartered in Boston, Massachusetts and files with the IRS under EIN 20586765. It is classified under NTEE code T99.
How many years of IRS 990 filings does Celebrities For Charity Foundation Inc have?
Celebrities For Charity Foundation Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Is Celebrities For Charity Foundation Inc. currently active?
Based on the latest filing showing $0 in revenue and assets, the organization appears to be inactive or dissolved.
What was the organization's financial activity during its active years?
Between 2011 and 2013, the organization consistently generated millions in revenue (e.g., $2,995,538 in 2011, $2,449,662 in 2012, $1,405,090 in 2013) and spent nearly all of it on expenses.
Did the organization pay its officers?
All available filings indicate 0% officer compensation, suggesting officers were not compensated or compensation was reported under a different category.
Filing History
IRS 990 filing history for Celebrities For Charity Foundation Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2011–2013), Celebrities For Charity Foundation Inc's revenue has declined by 53.1%, moving from $3.0M to $1.4M. Total assets increased by 28.7% over the same period, from $151K to $195K. Total functional expenses fell by 53.2%, from $2.9M to $1.4M. In its most recent filing year (2013), Celebrities For Charity Foundation Inc reported a surplus of $32K, with revenue exceeding expenses. The organization holds $357K in liabilities against $195K in assets (debt-to-asset ratio: 183.2%), resulting in net assets of $-161,980.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2013 | $1.4M | $1.4M | $195K | $357K | — | View 990 |
| 2012 | $2.4M | $2.4M | $159K | $353K | — | View 990 |
| 2011 | $3.0M | $2.9M | $151K | $360K | — | View 990 |
Year-by-Year Financial Summary
- 2013: Revenue of $1.4M, expenses of $1.4M, and assets of $195K (revenue -42.6% year-over-year).
- 2012: Revenue of $2.4M, expenses of $2.4M, and assets of $159K (revenue -18.2% year-over-year).
- 2011: Revenue of $3.0M, expenses of $2.9M, and assets of $151K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Celebrities For Charity Foundation Inc:
Data Sources and Methodology
This transparency report for Celebrities For Charity 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.