Cloudslitter Foundation
Cloudslitter Foundation: Strong Asset Growth, Inconsistent Revenue
EIN: 222784895 · Saranac Lake, NY · Updated: 2026-04-04
Is Cloudslitter Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cloudslitter Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cloudslitter Foundation
Cloudslitter Foundation (EIN: 222784895) is a nonprofit organization based in Saranac Lake, NY. The organization reported total revenue of $8.8M and total assets of $32.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cloudslitter Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cloudslitter Foundation is a mid-size nonprofit that has been operating for 39 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.8M |
| Total Expenses | $1.5M |
| Surplus / Deficit | +$5.3M |
| Total Assets | $27.3M |
| Total Liabilities | $1 |
| Net Assets | $27.3M |
| Operating Margin | 77.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 214.1 months |
Financial Health Grade: A
In 2023, Cloudslitter Foundation reported a surplus of $5.3M with revenue exceeding expenses, holds 214.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Cloudslitter Foundation's revenue has grown at a compound annual growth rate (CAGR) of 10.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1062.7% | -23.9% | +24.1% |
| 2022 | -91.1% | +15.4% | -6.1% |
| 2021 | +38.9% | +8.9% | +10.0% |
| 2020 | +29.1% | +21.5% | +14.7% |
| 2019 | +642.7% | +38.3% | +2.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Cloudslitter Foundation with a Mission Score of 75 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Cloudslitter Foundation allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $5.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation details are not explicitly provided in the summary data, making a direct assessment of specific dollar amounts impossible without further investigation into their 990 filings.
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 Cloudslitter Foundation's IRS 990 filings:
- Revenue has been highly inconsistent, with a significant drop from $6,606,621 in 2021 to $588,250 in 2022, then a rebound to $6,839,530 in 2023, which could indicate reliance on large, infrequent donations or grants.
- The nature of the 'Cloudslitter Foundation' and its programs is not clear from the provided data, making it difficult to assess mission effectiveness.
Strengths
The following positive indicators were identified for Cloudslitter Foundation:
- Consistent growth in assets from $15,701,252 in 2013 to $27,302,448 in 2023, indicating strong financial management and investment.
- Low liability (l1 or l0) and 0% compensation (c0%) across all reported years suggest sound financial health and potentially volunteer-driven or externally funded leadership.
- The organization has a long operational history with consistent annual filings.
Frequently Asked Questions about Cloudslitter Foundation
Is Cloudslitter Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Cloudslitter Foundation (EIN: 222784895) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Cloudslitter Foundation spend its money?
Cloudslitter Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cloudslitter Foundation tax-deductible?
Cloudslitter Foundation is registered as a tax-exempt nonprofit (EIN: 222784895). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Cloudslitter Foundation do?
Cloudslitter Foundation is a nonprofit organization in the Unknown sector, located in Saranac Lake, New York. It is classified under NTEE code Unknown.
How much revenue does Cloudslitter Foundation have?
Cloudslitter Foundation reported total revenue of $8,832,168. Based on 10 IRS 990 filings on record.
What are Cloudslitter Foundation's total assets?
Cloudslitter Foundation holds total assets of $32,556,545 as reported in IRS 990 filings.
Where is Cloudslitter Foundation located?
Cloudslitter Foundation is based in Saranac Lake, New York.
What is Cloudslitter Foundation's EIN?
Cloudslitter Foundation's Employer Identification Number (EIN) is 222784895. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Cloudslitter Foundation?
Cloudslitter Foundation is classified under NTEE code Unknown (Unknown).
Is Cloudslitter Foundation a registered 501(c)(3)?
Cloudslitter Foundation appears in IRS records (EIN: 222784895). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Cloudslitter Foundation file IRS Form 990?
Yes, Cloudslitter Foundation has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Cloudslitter Foundation's revenue in 2023?
In the 202312 filing period, Cloudslitter Foundation reported total revenue of $6,839,530, total expenses of $1,530,288, and net assets of $27,302,448.
Is Cloudslitter Foundation's revenue growing or declining?
Cloudslitter Foundation's revenue is growing. Revenue went from $588,250 (202212) to $6,839,530 (202312), a +1062.7% change. Based on 10 filings on record.
What is Cloudslitter Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Cloudslitter Foundation covers tax period 202312. It shows revenue of $6,839,530, expenses of $1,530,288, total assets of $27,302,448, and liabilities of $1.
How much does Cloudslitter Foundation spend on programs vs administration?
Based on IRS 990 analysis, Cloudslitter Foundation allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Cloudslitter Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Cloudslitter Foundation appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Cloudslitter Foundation?
The following concerns were identified: Revenue has been highly inconsistent, with a significant drop from $6,606,621 in 2021 to $588,250 in 2022, then a rebound to $6,839,530 in 2023, which could indicate reliance on large, infrequent donations or grants.. The nature of the 'Cloudslitter Foundation' and its programs is not clear from the provided data, making it difficult to assess mission effectiveness.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Cloudslitter Foundation's strengths?
Positive indicators for Cloudslitter Foundation include: Consistent growth in assets from $15,701,252 in 2013 to $27,302,448 in 2023, indicating strong financial management and investment.. Low liability (l1 or l0) and 0% compensation (c0%) across all reported years suggest sound financial health and potentially volunteer-driven or externally funded leadership.. The organization has a long operational history with consistent annual filings.. These findings are derived from AI analysis of the organization's financial filings.
How does Cloudslitter Foundation compensate executives?
Executive compensation details are not explicitly provided in the summary data, making a direct assessment of specific dollar amounts impossible without further investigation into their 990 filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the significant fluctuations in revenue, what strategies does Cloudslitter Foundation employ to ensure long-term financial stability and program continuity?
The data shows revenue swings from $6.6M (2021) to $0.5M (2022) and back to $6.8M (2023). This volatility suggests a potential reliance on large, perhaps one-off, funding sources rather than a diversified and stable revenue stream. Understanding their fundraising strategy is crucial.
With consistent asset growth but unclear program details, how does the foundation ensure its increasing financial capacity directly translates into impactful charitable activities?
Assets have grown steadily from $15.7M to $27.3M over a decade. Without specific program descriptions or impact reports, it's challenging to ascertain if this asset growth is effectively deployed towards its stated mission or if a significant portion is held in investments.
Filing History
IRS 990 filing history for Cloudslitter Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Cloudslitter Foundation's revenue has grown by 234%, moving from $2.0M to $6.8M. Total assets increased by 70.8% over the same period, from $16.0M to $27.3M. Total functional expenses rose by 86.2%, from $822K to $1.5M. In its most recent filing year (2023), Cloudslitter Foundation reported a surplus of $5.3M, with revenue exceeding expenses. The organization holds $1 in liabilities against $27.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $27.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.8M | $1.5M | $27.3M | $1 | — | — |
| 2022 | $588K | $2.0M | $22.0M | $1 | — | View 990 |
| 2021 | $6.6M | $1.7M | $23.4M | $1 | — | View 990 |
| 2020 | $4.8M | $1.6M | $21.3M | $1 | — | — |
| 2019 | $3.7M | $1.3M | $18.6M | $1 | — | View 990 |
| 2015 | $496K | $952K | $18.1M | $1 | — | View 990 |
| 2014 | $4.5M | $1.6M | $18.6M | $0 | — | View 990 |
| 2013 | $877K | $1.1M | $15.7M | $0 | — | View 990 |
| 2012 | $603K | $624K | $16.0M | $0 | — | View 990 |
| 2011 | $2.0M | $822K | $16.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.8M, expenses of $1.5M, and assets of $27.3M (revenue +1062.7% year-over-year).
- 2022: Revenue of $588K, expenses of $2.0M, and assets of $22.0M (revenue -91.1% year-over-year).
- 2021: Revenue of $6.6M, expenses of $1.7M, and assets of $23.4M (revenue +38.9% year-over-year).
- 2020: Revenue of $4.8M, expenses of $1.6M, and assets of $21.3M (revenue +29.1% year-over-year).
- 2019: Revenue of $3.7M, expenses of $1.3M, and assets of $18.6M (revenue +642.7% year-over-year).
- 2015: Revenue of $496K, expenses of $952K, and assets of $18.1M (revenue -89.0% year-over-year).
- 2014: Revenue of $4.5M, expenses of $1.6M, and assets of $18.6M (revenue +416.0% year-over-year).
- 2013: Revenue of $877K, expenses of $1.1M, and assets of $15.7M (revenue +45.6% year-over-year).
- 2012: Revenue of $603K, expenses of $624K, and assets of $16.0M (revenue -70.6% year-over-year).
- 2011: Revenue of $2.0M, expenses of $822K, and assets of $16.0M.
Data Sources and Methodology
This transparency report for Cloudslitter 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.