Clause 40 Foundation
EIN: 824127219 · Washington, DC · NTEE: I50
| Metric | Value |
|---|---|
| Total Revenue | $67K |
| Total Expenses | $114K |
| Net Assets | $-127,752 |
Is Clause 40 Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Clause 40 Foundation
Clause 40 Foundation (EIN: 824127219) is a nonprofit organization based in Washington, DC, classified under NTEE code I50. The organization reported total revenue of $67K and total assets of $26K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Clause 40 Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Clause 40 Foundation is a micro nonprofit that has been operating for 6 years, with 5 years of IRS 990 filings on record (2019–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $100K |
| Total Expenses | $114K |
| Surplus / Deficit | $-14,450 |
| Total Assets | $82K |
| Total Liabilities | $210K |
| Net Assets | $-127,752 |
| Operating Margin | -14.5% |
| Debt-to-Asset Ratio | 255.4% |
| Months of Reserves | 8.6 months |
Financial Health Grade: C
In 2023, Clause 40 Foundation reported a deficit of $14K with expenses exceeding revenue, holds 8.6 months of operating reserves (strong position), has a debt-to-asset ratio of 255.4% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.3% | -61.8% | -49.9% |
| 2022 | +33.2% | +55.9% | -47.9% |
| 2021 | -74.5% | +65.5% | -2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Clause 40 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 Clause 40 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 deficit of $14K, with expenses exceeding revenue.
- Debt-to-asset ratio: 255.4%.
Frequently Asked Questions about Clause 40 Foundation
Is Clause 40 Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Clause 40 Foundation (EIN: 824127219) insufficient data. 0 red flags identified, 0 strengths noted.
How does Clause 40 Foundation spend its money?
Detailed spending breakdown data is not yet available for Clause 40 Foundation. Check back for updated IRS 990 analysis.
Are donations to Clause 40 Foundation tax-deductible?
Clause 40 Foundation is registered as a tax-exempt nonprofit (EIN: 824127219). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Clause 40 Foundation located?
Clause 40 Foundation is headquartered in Washington, Washington DC and files with the IRS under EIN 824127219. It is classified under NTEE code I50.
How many years of IRS 990 filings does Clause 40 Foundation have?
Clause 40 Foundation has 5 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 $67K in total revenue.
Filing History
IRS 990 filing history for Clause 40 Foundation showing financial trends over 5 years of public records:
Total assets increased by 998.6% over the same period, from $7K to $82K. Total functional expenses rose by 162.4%, from $43K to $114K. In its most recent filing year (2023), Clause 40 Foundation reported a deficit of $14K, with expenses exceeding revenue. The organization holds $210K in liabilities against $82K in assets (debt-to-asset ratio: 255.4%), resulting in net assets of $-127,752.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $100K | $114K | $82K | $210K | — | — |
| 2022 | $116K | $299K | $164K | $277K | — | View 990 |
| 2021 | $87K | $192K | $315K | $245K | — | — |
| 2020 | $342K | $116K | $324K | $150K | — | View 990 |
| 2019 | $0 | $43K | $7K | $60K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $100K, expenses of $114K, and assets of $82K (revenue -14.3% year-over-year).
- 2022: Revenue of $116K, expenses of $299K, and assets of $164K (revenue +33.2% year-over-year).
- 2021: Revenue of $87K, expenses of $192K, and assets of $315K (revenue -74.5% year-over-year).
- 2020: Revenue of $342K, expenses of $116K, and assets of $324K.
- 2019: Revenue of $0, expenses of $43K, and assets of $7K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Clause 40 Foundation:
Data Sources and Methodology
This transparency report for Clause 40 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.