Edrice Adebayo Foundation Inc
EIN: 822772080 · Lexington, KY · NTEE: O50
| Metric | Value |
|---|---|
| Total Revenue | $171K |
| Total Expenses | $141K |
| Net Assets | $7K |
Is Edrice Adebayo Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Edrice Adebayo Foundation Inc
Edrice Adebayo Foundation Inc (EIN: 822772080) is a nonprofit organization based in Lexington, KY, classified under NTEE code O50. The organization reported total revenue of $171K and total assets of $32K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Edrice Adebayo Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Edrice Adebayo Foundation Inc is a small nonprofit that has been operating for 9 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -24.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $121K |
| Total Expenses | $141K |
| Surplus / Deficit | $-19,295 |
| Total Assets | $7K |
| Net Assets | $7K |
| Operating Margin | -15.9% |
| Months of Reserves | 0.6 months |
Financial Health Grade: C
In 2023, Edrice Adebayo Foundation Inc reported a deficit of $19K with expenses exceeding revenue, holds 0.6 months of operating reserves (limited).
Financial Trends
Over 2 years of filings (2022–2023), Edrice Adebayo Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -24.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -24.6% | +3.3% | -73.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Edrice Adebayo Foundation Inc 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 Edrice Adebayo Foundation Inc 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 deficit of $19K, with expenses exceeding revenue.
Frequently Asked Questions about Edrice Adebayo Foundation Inc
Is Edrice Adebayo Foundation Inc a legitimate charity?
Edrice Adebayo Foundation Inc (EIN: 822772080) is a registered tax-exempt nonprofit based in Kentucky. It has 2 years of IRS 990 filings on record. Total revenue: $171K. No red flags identified. Financial health grade: C.
How does Edrice Adebayo Foundation Inc spend its money?
Edrice Adebayo Foundation Inc reported $171K in total revenue in IRS 990 filings. 2 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Edrice Adebayo Foundation Inc tax-deductible?
Edrice Adebayo Foundation Inc is registered as a tax-exempt nonprofit (EIN: 822772080). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Edrice Adebayo Foundation Inc located?
Edrice Adebayo Foundation Inc is headquartered in Lexington, Kentucky and files with the IRS under EIN 822772080. It is classified under NTEE code O50.
How many years of IRS 990 filings does Edrice Adebayo Foundation Inc have?
Edrice Adebayo Foundation Inc 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 $171K in total revenue.
Filing History
IRS 990 filing history for Edrice Adebayo Foundation Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Edrice Adebayo Foundation Inc's revenue has declined by 24.6%, moving from $161K to $121K. Total assets decreased by 73.6% over the same period, from $26K to $7K. Total functional expenses rose by 3.3%, from $136K to $141K. In its most recent filing year (2023), Edrice Adebayo Foundation Inc reported a deficit of $19K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $121K | $141K | $7K | $0 | — | — |
| 2022 | $161K | $136K | $26K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Edrice Adebayo Foundation Inc:
Data Sources and Methodology
This transparency report for Edrice Adebayo Foundation Inc 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.