Debs Foundation
Debs Foundation experiences significant financial volatility, with recent negative revenue and asset decline.
EIN: 133639449 · Fort Lee, NJ · Updated: 2026-03-28
About Debs Foundation
Debs Foundation (EIN: 133639449) is a nonprofit organization based in Fort Lee, NJ. The organization reported total revenue of $562K and total assets of $446K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Debs Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Debs 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Debs Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The Debs Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through non-officer roles, which enhances its efficiency in this area.
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 Debs Foundation's IRS 990 filings:
- Negative revenue in the most recent filing (202312) of $-62,530.
- Significant decline in assets from $1,214,982 (2022) to $754,793 (2023).
- Highly volatile revenue and expense patterns over the past decade, indicating unpredictable financial health.
- Expenses ($397,659 in 2023) significantly exceeded revenue ($-62,530) in the latest period, leading to a substantial deficit.
Strengths
The following positive indicators were identified for Debs Foundation:
- Consistently reports 0% officer compensation, indicating efficient use of funds in this area.
- Maintains minimal liabilities ($1 across all filings), suggesting a low debt burden.
- Experienced periods of strong revenue generation, such as $1,272,954 in 2021 and $751,660 in 2022.
Frequently Asked Questions about Debs Foundation
What caused the negative revenue of $-62,530 in the 202312 period?
The negative revenue in the 202312 period is a significant concern and could be due to various factors such as investment losses, significant returns of contributions, or accounting adjustments. Further investigation into the specific line items on the IRS 990 would be necessary to determine the exact cause.
How does the Debs Foundation sustain its operations with such volatile revenue streams?
The organization's ability to sustain operations despite volatile revenue suggests reliance on accumulated assets from prior profitable years (e.g., 2021 and 2022) or other undisclosed funding mechanisms. The consistent reporting of minimal liabilities ($1) indicates it is not heavily reliant on debt.
What is the specific NTEE code and mission of the Debs Foundation?
The NTEE code for the Debs Foundation is currently unknown, which makes it difficult to assess its programmatic focus and compare its financial metrics against similar organizations. Understanding its mission is crucial for evaluating its effectiveness.
Are there any plans to address the recent decline in assets from $1,214,982 to $754,793?
The substantial decline in assets in the most recent period (202312) is a critical financial indicator. The organization would need to outline strategies to stabilize its asset base and ensure long-term financial health.
How are expenses categorized if officer compensation is consistently 0%?
If officer compensation is consistently 0%, it implies that leadership is either unpaid or their compensation is reported under other expense categories like 'salaries and wages' for non-officer staff, or 'professional fees.' This requires further detail for complete transparency.
Filing History
IRS 990 filing history for Debs Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Debs Foundation's revenue has declined by 119.6%, moving from $319K to $-62,530. Total assets decreased by 33.3% over the same period, from $1.1M to $755K. Total functional expenses fell by 22.2%, from $511K to $398K. The organization holds $1 in liabilities against $755K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $755K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $-62,530 | $398K | $755K | $1 | — | View 990 |
| 2022 | $752K | $720K | $1.2M | $1 | — | View 990 |
| 2021 | $1.3M | $808K | $1.2M | $1 | — | — |
| 2020 | $291K | $525K | $718K | $1 | — | View 990 |
| 2019 | $389K | $721K | $952K | $1 | — | View 990 |
| 2015 | $389K | $667K | $536K | $1 | — | View 990 |
| 2014 | $702K | $351K | $810K | $1 | — | View 990 |
| 2013 | $187K | $537K | $459K | $1 | — | View 990 |
| 2012 | $136K | $459K | $809K | $1 | — | View 990 |
| 2011 | $319K | $511K | $1.1M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-62,530, expenses of $398K, and assets of $755K (revenue -108.3% year-over-year).
- 2022: Revenue of $752K, expenses of $720K, and assets of $1.2M (revenue -41.0% year-over-year).
- 2021: Revenue of $1.3M, expenses of $808K, and assets of $1.2M (revenue +337.7% year-over-year).
- 2020: Revenue of $291K, expenses of $525K, and assets of $718K (revenue -25.2% year-over-year).
- 2019: Revenue of $389K, expenses of $721K, and assets of $952K (revenue +-0.0% year-over-year).
- 2015: Revenue of $389K, expenses of $667K, and assets of $536K (revenue -44.6% year-over-year).
- 2014: Revenue of $702K, expenses of $351K, and assets of $810K (revenue +275.0% year-over-year).
- 2013: Revenue of $187K, expenses of $537K, and assets of $459K (revenue +38.0% year-over-year).
- 2012: Revenue of $136K, expenses of $459K, and assets of $809K (revenue -57.4% year-over-year).
- 2011: Revenue of $319K, expenses of $511K, and assets of $1.1M.
Data Sources and Methodology
This transparency report for Debs 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.