Classic Charitable Foundation
Classic Charitable Foundation consistently operates at a deficit, depleting assets over the last decade.
EIN: 204586846 · Fort Smith, AR · NTEE: T30 · Updated: 2026-03-28
Is Classic Charitable Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Classic Charitable Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Classic Charitable Foundation
Classic Charitable Foundation (EIN: 204586846) is a nonprofit organization based in Fort Smith, AR, classified under NTEE code T30. The organization reported total revenue of $197K and total assets of $6K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Classic Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Classic Charitable Foundation is a small nonprofit that has been operating for 20 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $175K |
| Total Expenses | $177K |
| Surplus / Deficit | $-1,973 |
| Total Assets | $9K |
| Net Assets | $9K |
| Operating Margin | -1.1% |
| Months of Reserves | 0.6 months |
Financial Health Grade: C
In 2023, Classic Charitable Foundation reported a deficit of $2K with expenses exceeding revenue, holds 0.6 months of operating reserves (limited).
Financial Trends
Over 11 years of filings (2011–2023), Classic Charitable Foundation's revenue has declined at a compound annual growth rate (CAGR) of -6.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.8% | +6.2% | -18.2% |
| 2022 | +81953.0% | +21993.5% | -20.0% |
| 2021 | -80.0% | +0.7% | -3.9% |
| 2020 | -98.8% | -99.1% | +1.8% |
| 2019 | +9.8% | +12.3% | -7.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Classic Charitable Foundation with a Mission Score of 45 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, Classic Charitable Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
Executive Compensation Analysis
No officer compensation has been reported across all 11 filings, indicating that the organization's leadership likely serves in a volunteer capacity, which is positive for minimizing administrative costs.
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 Classic Charitable Foundation's IRS 990 filings:
- Consistent operational deficits (e.g., 2023, 2022, 2019, 2016, 2015 filings)
- Steady decline in total assets over the past decade (from $20,589 in 2014 to $8,841 in 2023)
- Significant year-over-year revenue volatility (e.g., $200 in 2021 vs. $175,214 in 2023)
Strengths
The following positive indicators were identified for Classic Charitable Foundation:
- No reported officer compensation, indicating volunteer leadership and low executive overhead
- No reported liabilities across all filings, suggesting good debt management
Frequently Asked Questions about Classic Charitable Foundation
Is Classic Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Classic Charitable Foundation (EIN: 204586846) significant concerns. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
How does Classic Charitable Foundation spend its money?
Classic Charitable Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Classic Charitable Foundation tax-deductible?
Classic Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 204586846). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Classic Charitable Foundation financially sustainable?
Based on the consistent deficits where expenses exceed revenue (e.g., $177,187 expenses vs. $175,214 revenue in 2023) and declining assets, the organization's current financial model appears unsustainable without significant changes to revenue generation or expense management.
Why are the organization's assets declining?
The organization's assets have steadily declined from $20,589 in 2014 to $8,841 in 2023. This decline is likely due to the consistent operational deficits, where the organization is spending more than it earns, thus drawing down its reserves.
What is the cause of the significant revenue fluctuations?
Revenue has fluctuated significantly, from $200 in 2021 to $175,214 in 2023. This volatility suggests an inconsistent funding model, possibly relying on sporadic large donations or grants rather than a stable, diversified income stream.
Filing History
IRS 990 filing history for Classic Charitable Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Classic Charitable Foundation's revenue has declined by 57.6%, moving from $413K to $175K. Total assets decreased by 19.4% over the same period, from $11K to $9K. Total functional expenses fell by 61.1%, from $455K to $177K. In its most recent filing year (2023), Classic Charitable Foundation reported a deficit of $2K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $175K | $177K | $9K | $0 | — | — |
| 2022 | $164K | $167K | $11K | $0 | — | View 990 |
| 2021 | $200 | $755 | $14K | $0 | — | View 990 |
| 2020 | $1K | $750 | $14K | $0 | — | — |
| 2019 | $81K | $82K | $14K | $0 | — | View 990 |
| 2018 | $74K | $73K | $15K | $0 | — | View 990 |
| 2017 | $77K | $75K | $14K | $0 | — | — |
| 2016 | $78K | $81K | $14K | $0 | — | View 990 |
| 2015 | $67K | $71K | $17K | $0 | — | View 990 |
| 2014 | $90K | $81K | $21K | $0 | — | View 990 |
| 2011 | $413K | $455K | $11K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $175K, expenses of $177K, and assets of $9K (revenue +6.8% year-over-year).
- 2022: Revenue of $164K, expenses of $167K, and assets of $11K (revenue +81953.0% year-over-year).
- 2021: Revenue of $200, expenses of $755, and assets of $14K (revenue -80.0% year-over-year).
- 2020: Revenue of $1K, expenses of $750, and assets of $14K (revenue -98.8% year-over-year).
- 2019: Revenue of $81K, expenses of $82K, and assets of $14K (revenue +9.8% year-over-year).
- 2018: Revenue of $74K, expenses of $73K, and assets of $15K (revenue -4.0% year-over-year).
- 2017: Revenue of $77K, expenses of $75K, and assets of $14K (revenue -1.1% year-over-year).
- 2016: Revenue of $78K, expenses of $81K, and assets of $14K (revenue +16.7% year-over-year).
- 2015: Revenue of $67K, expenses of $71K, and assets of $17K (revenue -26.3% year-over-year).
- 2014: Revenue of $90K, expenses of $81K, and assets of $21K (revenue -78.1% year-over-year).
- 2011: Revenue of $413K, expenses of $455K, and assets of $11K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Classic Charitable Foundation:
Data Sources and Methodology
This transparency report for Classic Charitable 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.