E G And Irene W Craft Foundation
EIN: 596620265 · Birmingham, AL
| Metric | Value |
|---|---|
| Total Revenue | $68K |
| Total Expenses | $37K |
| Net Assets | $590K |
Is E G And Irene W Craft Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About E G And Irene W Craft Foundation
E G And Irene W Craft Foundation (EIN: 596620265) is a nonprofit organization based in Birmingham, AL. The organization reported total revenue of $68K and total assets of $581K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of E G And Irene W Craft Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
E G And Irene W Craft Foundation is a micro nonprofit that has been operating for 48 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -1.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $34K |
| Total Expenses | $37K |
| Surplus / Deficit | $-3,416 |
| Total Assets | $590K |
| Total Liabilities | $1 |
| Net Assets | $590K |
| Operating Margin | -10.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 190.0 months |
Financial Health Grade: B
In 2024, E G And Irene W Craft Foundation reported a deficit of $3K with expenses exceeding revenue, holds 190.0 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 (2012–2024), E G And Irene W Craft Foundation's revenue has declined at a compound annual growth rate (CAGR) of -1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +48.1% | -50.6% | -0.5% |
| 2023 | -35.1% | +519.8% | -8.2% |
| 2022 | -17.3% | -70.7% | +3.6% |
| 2021 | +103.1% | +195.8% | +0.1% |
| 2020 | -18.6% | -69.5% | -9.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1978 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for E G And Irene W Craft 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 E G And Irene W Craft 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about E G And Irene W Craft Foundation
Is E G And Irene W Craft Foundation a legitimate charity?
E G And Irene W Craft Foundation (EIN: 596620265) is a registered tax-exempt nonprofit based in Alabama. It has 10 years of IRS 990 filings on record. Total revenue: $68K. No red flags identified. Financial health grade: B.
How does E G And Irene W Craft Foundation spend its money?
E G And Irene W Craft Foundation reported $68K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to E G And Irene W Craft Foundation tax-deductible?
E G And Irene W Craft Foundation is registered as a tax-exempt nonprofit (EIN: 596620265). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is E G And Irene W Craft Foundation located?
E G And Irene W Craft Foundation is headquartered in Birmingham, Alabama and files with the IRS under EIN 596620265.
How many years of IRS 990 filings does E G And Irene W Craft Foundation have?
E G And Irene W Craft Foundation has 10 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 $68K in total revenue.
Filing History
IRS 990 filing history for E G And Irene W Craft Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), E G And Irene W Craft Foundation's revenue has declined by 16.6%, moving from $41K to $34K. Total assets decreased by 10.2% over the same period, from $658K to $590K. Total functional expenses fell by 18%, from $45K to $37K. In its most recent filing year (2024), E G And Irene W Craft Foundation reported a deficit of $3K, with expenses exceeding revenue. The organization holds $1 in liabilities against $590K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $590K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $34K | $37K | $590K | $1 | — | — |
| 2023 | $23K | $75K | $594K | $1 | — | View 990 |
| 2022 | $35K | $12K | $647K | $1 | — | — |
| 2021 | $43K | $42K | $624K | $1 | — | View 990 |
| 2020 | $21K | $14K | $623K | $1 | — | — |
| 2016 | $26K | $46K | $685K | $0 | — | View 990 |
| 2015 | $71K | $42K | $705K | $0 | — | View 990 |
| 2014 | $46K | $48K | $675K | $0 | — | View 990 |
| 2013 | $60K | $41K | $677K | $0 | — | View 990 |
| 2012 | $41K | $45K | $658K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $34K, expenses of $37K, and assets of $590K (revenue +48.1% year-over-year).
- 2023: Revenue of $23K, expenses of $75K, and assets of $594K (revenue -35.1% year-over-year).
- 2022: Revenue of $35K, expenses of $12K, and assets of $647K (revenue -17.3% year-over-year).
- 2021: Revenue of $43K, expenses of $42K, and assets of $624K (revenue +103.1% year-over-year).
- 2020: Revenue of $21K, expenses of $14K, and assets of $623K (revenue -18.6% year-over-year).
- 2016: Revenue of $26K, expenses of $46K, and assets of $685K (revenue -63.9% year-over-year).
- 2015: Revenue of $71K, expenses of $42K, and assets of $705K (revenue +54.6% year-over-year).
- 2014: Revenue of $46K, expenses of $48K, and assets of $675K (revenue -22.7% year-over-year).
- 2013: Revenue of $60K, expenses of $41K, and assets of $677K (revenue +47.2% year-over-year).
- 2012: Revenue of $41K, expenses of $45K, and assets of $658K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for E G And Irene W Craft Foundation:
Data Sources and Methodology
This transparency report for E G And Irene W Craft 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.