Clarissa Francis Foundation
Clarissa Francis Foundation shows extreme revenue volatility and minimal reported expenses in recent years.
EIN: 204007443 · Brownsville, TX · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $37K |
| Program Spending | 95% |
| CEO/Top Officer Pay | $6 |
| Net Assets | $5.3M |
| Transparency Score | 65/100 |
Is Clarissa Francis Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Clarissa Francis Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Clarissa Francis Foundation
Clarissa Francis Foundation (EIN: 204007443) is a nonprofit organization based in Brownsville, TX, classified under NTEE code T20. The organization reported total revenue of $1.4M and total assets of $6.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Clarissa Francis Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Clarissa Francis Foundation is a mid-size nonprofit that has been operating for 18 years, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 142.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.6M |
| Total Expenses | $37K |
| Surplus / Deficit | +$3.5M |
| Total Assets | $5.3M |
| Total Liabilities | $1 |
| Net Assets | $5.3M |
| Operating Margin | 99.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 1706.2 months |
Financial Health Grade: A
In 2023, Clarissa Francis Foundation reported a surplus of $3.5M with revenue exceeding expenses, holds 1706.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2023), Clarissa Francis Foundation's revenue has grown at a compound annual growth rate (CAGR) of 142.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -104.9% | -84.6% | -11.1% |
| 2021 | +590.7% | +939.9% | -8.2% |
| 2020 | +5333.5% | +56.9% | +41.4% |
| 2019 | +3387.5% | +256.0% | +429.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Clarissa Francis 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Clarissa Francis Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers are receiving salaries from the organization, which is highly unusual for an organization with assets exceeding $6 million.
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 Clarissa Francis Foundation's IRS 990 filings:
- Extreme volatility in annual revenue, including negative revenue in 2022.
- Disproportionately low expenses relative to revenue and assets in 2023 ($37,205 expenses vs. $3,574,000 revenue and $5,289,854 assets), raising questions about program activity.
- Consistent 0% officer compensation for an organization with over $6 million in assets, which is highly unusual and may indicate hidden compensation or an entirely volunteer-run structure that needs clarification.
Strengths
The following positive indicators were identified for Clarissa Francis Foundation:
- Zero reported officer compensation, indicating no direct executive salary burden on the organization.
- Significant asset growth in 2023, with assets increasing from $1,753,059 in 2022 to $5,289,854 in 2023, suggesting strong financial accumulation.
- Low reported administrative and fundraising costs based on the expense data, implying a high percentage of funds, when spent, go towards programs.
Frequently Asked Questions about Clarissa Francis Foundation
Is Clarissa Francis Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Clarissa Francis Foundation (EIN: 204007443) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Clarissa Francis Foundation spend its money?
Clarissa Francis Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Clarissa Francis Foundation tax-deductible?
Clarissa Francis Foundation is registered as a tax-exempt nonprofit (EIN: 204007443). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Clarissa Francis Foundation CEO make?
Clarissa Francis Foundation's highest-compensated officer earns $6 annually. The organization reported $1.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Clarissa Francis Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Clarissa Francis Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Clarissa Francis Foundation located?
Clarissa Francis Foundation is headquartered in Brownsville, Texas and files with the IRS under EIN 204007443. It is classified under NTEE code T20.
How many years of IRS 990 filings does Clarissa Francis Foundation have?
Clarissa Francis Foundation has 9 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 $1.4M in total revenue.
Why were expenses so low ($37,205) in 2023 compared to revenue ($3,574,000)?
The significant disparity between revenue and expenses in 2023 suggests that a large portion of the revenue may have been in the form of non-cash contributions, investment gains, or funds held for future programs rather than immediate operational spending.
What caused the negative revenue of $-46,041 in 2022?
Negative revenue typically indicates a return of contributions, significant investment losses, or adjustments from prior periods. This warrants a closer look at the specific financial statements for that year.
How does the organization operate with 0% officer compensation?
Consistently reporting zero officer compensation suggests that leadership may be entirely volunteer-based, or compensation is being reported under different expense categories, or through a related entity not reflected in these filings. This is unusual for an organization of its size and asset base.
What are the primary program activities given the NTEE code T20 (Philanthropy, Voluntarism, and Grantmaking Foundations)?
Given the NTEE code, the foundation likely engages in grantmaking or supporting other philanthropic endeavors. The low reported expenses in some years could mean it primarily acts as a holding entity for endowments or funds for future distribution.
Filing History
IRS 990 filing history for Clarissa Francis Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), Clarissa Francis Foundation's revenue has grown by 4204605.9%, moving from $85 to $3.6M. Total assets increased by 1653.4% over the same period, from $302K to $5.3M. Total functional expenses fell by 14.4%, from $43K to $37K. In its most recent filing year (2023), Clarissa Francis Foundation reported a surplus of $3.5M, with revenue exceeding expenses. The organization holds $1 in liabilities against $5.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.6M | $37K | $5.3M | $1 | — | — |
| 2022 | $-46,041 | $172K | $1.8M | $1 | — | View 990 |
| 2021 | $942K | $1.1M | $2.0M | $1 | — | View 990 |
| 2020 | $136K | $108K | $2.1M | $1 | — | View 990 |
| 2019 | $3K | $69K | $1.5M | $0 | — | View 990 |
| 2014 | $72 | $19K | $287K | $20K | — | View 990 |
| 2013 | $73 | $21K | $300K | $16K | — | View 990 |
| 2012 | $75 | $28K | $300K | $10K | — | View 990 |
| 2011 | $85 | $43K | $302K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.6M, expenses of $37K, and assets of $5.3M.
- 2022: Revenue of $-46,041, expenses of $172K, and assets of $1.8M (revenue -104.9% year-over-year).
- 2021: Revenue of $942K, expenses of $1.1M, and assets of $2.0M (revenue +590.7% year-over-year).
- 2020: Revenue of $136K, expenses of $108K, and assets of $2.1M (revenue +5333.5% year-over-year).
- 2019: Revenue of $3K, expenses of $69K, and assets of $1.5M (revenue +3387.5% year-over-year).
- 2014: Revenue of $72, expenses of $19K, and assets of $287K (revenue -1.4% year-over-year).
- 2013: Revenue of $73, expenses of $21K, and assets of $300K (revenue -2.7% year-over-year).
- 2012: Revenue of $75, expenses of $28K, and assets of $300K (revenue -11.8% year-over-year).
- 2011: Revenue of $85, expenses of $43K, and assets of $302K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Clarissa Francis Foundation:
Data Sources and Methodology
This transparency report for Clarissa Francis 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.