Chance Phelps Foundation
Chance Phelps Foundation reports $0 revenue and assets, indicating dormancy after years of deficit spending.
EIN: 208046944 · Dubois, WY · NTEE: W30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $141K |
| Program Spending | 80% |
| Net Assets | $24K |
| Transparency Score | 40/100 |
Is Chance Phelps Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Chance Phelps Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Chance Phelps Foundation
Chance Phelps Foundation (EIN: 208046944) is a nonprofit organization based in Dubois, WY, classified under NTEE code W30. 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 Chance Phelps Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chance Phelps Foundation is a micro nonprofit that has been operating for 17 years, with 4 years of IRS 990 filings on record (2011–2014). Revenue has grown at a compound annual rate of 17.1%.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
| Total Revenue | $89K |
| Total Expenses | $141K |
| Surplus / Deficit | $-52,050 |
| Total Assets | $24K |
| Net Assets | $24K |
| Operating Margin | -58.5% |
| Months of Reserves | 2.0 months |
Financial Health Grade: C
In 2014, Chance Phelps Foundation reported a deficit of $52K with expenses exceeding revenue, holds 2.0 months of operating reserves (limited).
Financial Trends
Over 4 years of filings (2011–2014), Chance Phelps Foundation's revenue has grown at a compound annual growth rate (CAGR) of 17.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2014 | +2.4% | +55.3% | -58.8% |
| 2013 | +20.5% | +17.3% | -6.4% |
| 2012 | +30.2% | +4.4% | -4.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Chance Phelps Foundation 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: 80%
- fundraising: 5%
According to IRS 990 filings, Chance Phelps Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $52K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% of expenses, indicating that the organization's leadership is entirely volunteer-based, which is commendable for an organization of its historical 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 Chance Phelps Foundation's IRS 990 filings:
- Latest filing shows $0 revenue and $0 assets, indicating potential inactivity.
- Consistent deficit spending from 2011-2014 (e.g., $141,036 expenses vs. $88,986 revenue in 2014).
- Significant decline in assets from $64,715 in 2011 to $0 currently.
Strengths
The following positive indicators were identified for Chance Phelps Foundation:
- Consistent 0% officer compensation, indicating volunteer leadership.
- Historically low liabilities, with $0 reported in most years.
- Transparency in filing IRS 990 forms.
Frequently Asked Questions about Chance Phelps Foundation
Is Chance Phelps Foundation a legitimate charity?
Chance Phelps Foundation (EIN: 208046944) is a registered tax-exempt nonprofit based in Wyoming. Our AI analysis gives it a Mission Score of 40/100. It has 4 years of IRS 990 filings on record. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Chance Phelps Foundation spend its money?
Chance Phelps Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Chance Phelps Foundation tax-deductible?
Chance Phelps Foundation is registered as a tax-exempt nonprofit (EIN: 208046944). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Chance Phelps Foundation's spending goes to programs?
Chance Phelps Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Chance Phelps Foundation compare to similar nonprofits?
With a transparency score of 40/100 (Fair), Chance Phelps Foundation is near average for NTEE category W30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Chance Phelps Foundation located?
Chance Phelps Foundation is headquartered in Dubois, Wyoming and files with the IRS under EIN 208046944. It is classified under NTEE code W30.
How many years of IRS 990 filings does Chance Phelps Foundation have?
Chance Phelps Foundation has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Is Chance Phelps Foundation currently active?
Based on the latest filing showing $0 revenue and $0 assets, the organization appears to be inactive or in a state of dormancy.
What caused the decline in assets?
The organization consistently spent more than it earned from 2011 to 2014 (e.g., $88,986 revenue vs. $141,036 expenses in 2014), leading to a gradual depletion of its asset base.
Did the organization have any liabilities?
Liabilities were minimal, with $1,234 reported in 2011 and $0 in subsequent years, indicating good financial management in terms of debt.
Filing History
IRS 990 filing history for Chance Phelps Foundation showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2011–2014), Chance Phelps Foundation's revenue has grown by 60.6%, moving from $55K to $89K. Total assets decreased by 63.1% over the same period, from $65K to $24K. Total functional expenses rose by 90.3%, from $74K to $141K. In its most recent filing year (2014), Chance Phelps Foundation reported a deficit of $52K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2014 | $89K | $141K | $24K | $0 | — | View 990 |
| 2013 | $87K | $91K | $58K | $0 | — | View 990 |
| 2012 | $72K | $77K | $62K | $0 | — | View 990 |
| 2011 | $55K | $74K | $65K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2014: Revenue of $89K, expenses of $141K, and assets of $24K (revenue +2.4% year-over-year).
- 2013: Revenue of $87K, expenses of $91K, and assets of $58K (revenue +20.5% year-over-year).
- 2012: Revenue of $72K, expenses of $77K, and assets of $62K (revenue +30.2% year-over-year).
- 2011: Revenue of $55K, expenses of $74K, and assets of $65K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chance Phelps Foundation:
Data Sources and Methodology
This transparency report for Chance Phelps 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.