Consumer Bankers Foundation
Consumer Bankers Foundation faces significant financial challenges with declining assets and consistent operating deficits.
EIN: 203036827 · Washington, DC · NTEE: S41 · Updated: 2026-03-28
Is Consumer Bankers Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Consumer Bankers Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Consumer Bankers Foundation
Consumer Bankers Foundation (EIN: 203036827) is a nonprofit organization based in Washington, DC, classified under NTEE code S41. The organization reported total revenue of $3K and total assets of $2K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Consumer Bankers Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Consumer Bankers Foundation is a micro nonprofit that has been operating for 13 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of -27.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3K |
| Total Expenses | $12K |
| Surplus / Deficit | $-9,808 |
| Total Assets | $2K |
| Net Assets | $2K |
| Operating Margin | -392.3% |
| Months of Reserves | 1.5 months |
Financial Health Grade: C
In 2023, Consumer Bankers Foundation reported a deficit of $10K with expenses exceeding revenue, holds 1.5 months of operating reserves (limited).
Financial Trends
Over 11 years of filings (2013–2023), Consumer Bankers Foundation's revenue has declined at a compound annual growth rate (CAGR) of -27.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -75.0% | +212.4% | -86.1% |
| 2022 | +100.0% | -55.9% | +121.9% |
| 2020 | -100.0% | +39.0% | -67.8% |
| 2019 | +68.1% | -1.7% | +25.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2013 |
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 Consumer Bankers Foundation with a Mission Score of 35 out of 100 (Poor). 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, Consumer Bankers 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 $10K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is a positive for minimizing administrative overhead.
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 Consumer Bankers Foundation's IRS 990 filings:
- Consistent operating deficits: Expenses frequently exceed revenue (e.g., 2023: $12,308 expenses vs. $2,500 revenue).
- Significant decline in assets: Assets dropped from $27,581 in 2019 to $1,588 in 2023.
- Low and inconsistent revenue: Revenue has been very low, often below $10,000, and highly variable over the years.
- Potential for long-term unsustainability: The current financial trajectory of asset depletion to cover deficits is not sustainable.
Strengths
The following positive indicators were identified for Consumer Bankers Foundation:
- No officer compensation reported: Indicates a lean executive structure with no salaries paid to officers.
- Minimal liabilities: Liabilities have remained low and manageable, often around $3,000-$3,650, and were $0 in 2023.
Frequently Asked Questions about Consumer Bankers Foundation
Is Consumer Bankers Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Consumer Bankers Foundation (EIN: 203036827) significant concerns. Mission Score: 35/100. 4 red flags identified, 2 strengths noted.
How does Consumer Bankers Foundation spend its money?
Consumer Bankers Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Consumer Bankers Foundation tax-deductible?
Consumer Bankers Foundation is registered as a tax-exempt nonprofit (EIN: 203036827). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What are the primary sources of revenue for the Consumer Bankers Foundation, given its consistently low and fluctuating income?
The filings show highly variable and generally low revenue, ranging from $0 in 2020 to $23,502 in 2017. Without more detailed Schedule A or B information, the specific sources are unclear, but the pattern suggests inconsistent funding or a very small operational scope.
How does the organization cover its expenses when revenue is significantly lower, such as in 2023 ($2,500 revenue vs. $12,308 expenses)?
The organization appears to be covering deficits by drawing down its assets, which have decreased from $27,581 in 2019 to $1,588 in 2023. This is not a sustainable long-term strategy.
What specific programs or activities does the Consumer Bankers Foundation undertake, given its NTEE code S41 (Philanthropy, Voluntarism & Grantmaking Foundations)?
The NTEE code suggests a focus on grantmaking or supporting other nonprofits. However, with such low revenue and high expenses relative to income, the scale of any grantmaking or direct program activities would likely be very limited.
What is the long-term financial strategy to address the consistent operating deficits and declining asset base?
The filings do not provide insight into a long-term financial strategy. The current trend of expenses exceeding revenue and asset depletion is unsustainable and suggests a need for significant financial restructuring or increased fundraising efforts.
Filing History
IRS 990 filing history for Consumer Bankers Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Consumer Bankers Foundation's revenue has declined by 96.2%, moving from $65K to $3K. Total assets decreased by 93.2% over the same period, from $23K to $2K. Total functional expenses fell by 83.7%, from $75K to $12K. In its most recent filing year (2023), Consumer Bankers Foundation reported a deficit of $10K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3K | $12K | $2K | $0 | — | — |
| 2022 | $10K | $4K | $11K | $4K | — | View 990 |
| 2021 | $5K | $9K | $5K | $3K | — | — |
| 2020 | $0 | $19K | $9K | $3K | — | — |
| 2019 | $19K | $13K | $28K | $3K | — | View 990 |
| 2018 | $11K | $14K | $22K | $3K | — | View 990 |
| 2017 | $24K | $24K | $24K | $3K | — | View 990 |
| 2016 | $8K | $8K | $25K | $3K | — | View 990 |
| 2015 | $8K | $8K | $26K | $3K | — | View 990 |
| 2014 | $11K | $8K | $26K | $3K | — | View 990 |
| 2013 | $65K | $75K | $23K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3K, expenses of $12K, and assets of $2K (revenue -75.0% year-over-year).
- 2022: Revenue of $10K, expenses of $4K, and assets of $11K (revenue +100.0% year-over-year).
- 2021: Revenue of $5K, expenses of $9K, and assets of $5K.
- 2020: Revenue of $0, expenses of $19K, and assets of $9K (revenue -100.0% year-over-year).
- 2019: Revenue of $19K, expenses of $13K, and assets of $28K (revenue +68.1% year-over-year).
- 2018: Revenue of $11K, expenses of $14K, and assets of $22K (revenue -51.9% year-over-year).
- 2017: Revenue of $24K, expenses of $24K, and assets of $24K (revenue +213.3% year-over-year).
- 2016: Revenue of $8K, expenses of $8K, and assets of $25K (revenue +0.0% year-over-year).
- 2015: Revenue of $8K, expenses of $8K, and assets of $26K (revenue -30.3% year-over-year).
- 2014: Revenue of $11K, expenses of $8K, and assets of $26K (revenue -83.5% year-over-year).
- 2013: Revenue of $65K, expenses of $75K, and assets of $23K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Consumer Bankers Foundation:
Data Sources and Methodology
This transparency report for Consumer Bankers 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.