Chalfonte Foundation
EIN: 383568149 · Elk Rapids, MI · NTEE: P40
| Metric | Value |
|---|---|
| Total Revenue | $258K |
| Total Expenses | $300K |
| Net Assets | $907K |
Is Chalfonte Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Chalfonte Foundation
Chalfonte Foundation (EIN: 383568149) is a nonprofit organization based in Elk Rapids, MI, classified under NTEE code P40. The organization reported total revenue of $258K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chalfonte Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chalfonte Foundation is a small nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 19.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $376K |
| Total Expenses | $300K |
| Surplus / Deficit | +$76K |
| Total Assets | $1.2M |
| Total Liabilities | $293K |
| Net Assets | $907K |
| Operating Margin | 20.1% |
| Debt-to-Asset Ratio | 24.4% |
| Months of Reserves | 48.0 months |
Financial Health Grade: A
In 2023, Chalfonte Foundation reported a surplus of $76K with revenue exceeding expenses, holds 48.0 months of operating reserves (strong position), has a debt-to-asset ratio of 24.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Chalfonte Foundation's revenue has grown at a compound annual growth rate (CAGR) of 19.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +92.8% | +263.9% | +22.1% |
| 2022 | +39.9% | -19.1% | +11.7% |
| 2021 | +140.2% | +91.0% | +79.4% |
| 2020 | -9.1% | -12.1% | +0.8% |
| 2019 | +0.3% | +88.4% | +0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Chalfonte Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Chalfonte Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $76K, with revenue exceeding expenses.
- Debt-to-asset ratio: 24.4%.
Frequently Asked Questions about Chalfonte Foundation
Is Chalfonte Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Chalfonte Foundation (EIN: 383568149) insufficient data. 0 red flags identified, 0 strengths noted.
How does Chalfonte Foundation spend its money?
Detailed spending breakdown data is not yet available for Chalfonte Foundation. Check back for updated IRS 990 analysis.
Are donations to Chalfonte Foundation tax-deductible?
Chalfonte Foundation is registered as a tax-exempt nonprofit (EIN: 383568149). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Chalfonte Foundation located?
Chalfonte Foundation is headquartered in Elk Rapids, Michigan and files with the IRS under EIN 383568149. It is classified under NTEE code P40.
How many years of IRS 990 filings does Chalfonte Foundation have?
Chalfonte Foundation has 13 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 $258K in total revenue.
Filing History
IRS 990 filing history for Chalfonte Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Chalfonte Foundation's revenue has grown by 720.4%, moving from $46K to $376K. Total assets increased by 252.4% over the same period, from $341K to $1.2M. Total functional expenses rose by 694.9%, from $38K to $300K. In its most recent filing year (2023), Chalfonte Foundation reported a surplus of $76K, with revenue exceeding expenses. The organization holds $293K in liabilities against $1.2M in assets (debt-to-asset ratio: 24.4%), resulting in net assets of $907K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $376K | $300K | $1.2M | $293K | — | — |
| 2022 | $195K | $82K | $984K | $393 | — | View 990 |
| 2021 | $139K | $102K | $880K | $816 | — | View 990 |
| 2020 | $58K | $53K | $491K | $357 | — | — |
| 2019 | $64K | $61K | $487K | $1K | — | View 990 |
| 2018 | $64K | $32K | $485K | $1K | — | View 990 |
| 2017 | $71K | $30K | $467K | $1K | — | View 990 |
| 2016 | $56K | $45K | $479K | $8K | — | View 990 |
| 2015 | $68K | $69K | $459K | $55 | — | View 990 |
| 2014 | $89K | $33K | $474K | $107 | — | View 990 |
| 2013 | $80K | $40K | $460K | $0 | — | View 990 |
| 2012 | $73K | $51K | $409K | $228 | — | View 990 |
| 2011 | $46K | $38K | $341K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $376K, expenses of $300K, and assets of $1.2M (revenue +92.8% year-over-year).
- 2022: Revenue of $195K, expenses of $82K, and assets of $984K (revenue +39.9% year-over-year).
- 2021: Revenue of $139K, expenses of $102K, and assets of $880K (revenue +140.2% year-over-year).
- 2020: Revenue of $58K, expenses of $53K, and assets of $491K (revenue -9.1% year-over-year).
- 2019: Revenue of $64K, expenses of $61K, and assets of $487K (revenue +0.3% year-over-year).
- 2018: Revenue of $64K, expenses of $32K, and assets of $485K (revenue -10.4% year-over-year).
- 2017: Revenue of $71K, expenses of $30K, and assets of $467K (revenue +26.5% year-over-year).
- 2016: Revenue of $56K, expenses of $45K, and assets of $479K (revenue -17.1% year-over-year).
- 2015: Revenue of $68K, expenses of $69K, and assets of $459K (revenue -23.9% year-over-year).
- 2014: Revenue of $89K, expenses of $33K, and assets of $474K (revenue +10.7% year-over-year).
- 2013: Revenue of $80K, expenses of $40K, and assets of $460K (revenue +10.4% year-over-year).
- 2012: Revenue of $73K, expenses of $51K, and assets of $409K (revenue +59.0% year-over-year).
- 2011: Revenue of $46K, expenses of $38K, and assets of $341K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chalfonte Foundation:
Data Sources and Methodology
This transparency report for Chalfonte 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.