Ed And Charlene Friedman Charitable Foundation
EIN: 886290528 · Boalsburg, PA · NTEE: T20
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $294K |
| Net Assets | $11.2M |
Is Ed And Charlene Friedman Charitable Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ed And Charlene Friedman Charitable Foundation
Ed And Charlene Friedman Charitable Foundation (EIN: 886290528) is a nonprofit organization based in Boalsburg, PA, classified under NTEE code T20. The organization reported total revenue of $2.7M and total assets of $11.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ed And Charlene Friedman Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ed And Charlene Friedman Charitable Foundation is a mid-size nonprofit that has been operating for 4 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -97.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $319K |
| Total Expenses | $294K |
| Surplus / Deficit | +$25K |
| Total Assets | $11.2M |
| Total Liabilities | $1 |
| Net Assets | $11.2M |
| Operating Margin | 7.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 457.9 months |
Financial Health Grade: A
In 2023, Ed And Charlene Friedman Charitable Foundation reported a surplus of $25K with revenue exceeding expenses, holds 457.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), Ed And Charlene Friedman Charitable Foundation's revenue has declined at a compound annual growth rate (CAGR) of -97.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -97.2% | +7009.4% | +0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ed And Charlene Friedman Charitable 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 Ed And Charlene Friedman Charitable 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 surplus of $25K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Ed And Charlene Friedman Charitable Foundation
Is Ed And Charlene Friedman Charitable Foundation a legitimate charity?
Ed And Charlene Friedman Charitable Foundation (EIN: 886290528) is a registered tax-exempt nonprofit based in Pennsylvania. It has 2 years of IRS 990 filings on record. Total revenue: $2.7M. No red flags identified. Financial health grade: A.
How does Ed And Charlene Friedman Charitable Foundation spend its money?
Ed And Charlene Friedman Charitable Foundation reported $2.7M in total revenue in IRS 990 filings. 2 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Ed And Charlene Friedman Charitable Foundation tax-deductible?
Ed And Charlene Friedman Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 886290528). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ed And Charlene Friedman Charitable Foundation located?
Ed And Charlene Friedman Charitable Foundation is headquartered in Boalsburg, Pennsylvania and files with the IRS under EIN 886290528. It is classified under NTEE code T20.
How many years of IRS 990 filings does Ed And Charlene Friedman Charitable Foundation have?
Ed And Charlene Friedman Charitable Foundation has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $2.7M in total revenue.
Filing History
IRS 990 filing history for Ed And Charlene Friedman Charitable Foundation showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Ed And Charlene Friedman Charitable Foundation's revenue has declined by 97.2%, moving from $11.2M to $319K. Total assets increased by 0.2% over the same period, from $11.2M to $11.2M. Total functional expenses rose by 7009.4%, from $4K to $294K. In its most recent filing year (2023), Ed And Charlene Friedman Charitable Foundation reported a surplus of $25K, with revenue exceeding expenses. The organization holds $1 in liabilities against $11.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $11.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $319K | $294K | $11.2M | $1 | — | View 990 |
| 2022 | $11.2M | $4K | $11.2M | $1 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ed And Charlene Friedman Charitable Foundation:
Data Sources and Methodology
This transparency report for Ed And Charlene Friedman Charitable 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.