Elfenworks Foundation

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Elfenworks Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals

Elfenworks Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Elfenworks Foundation in one place.

Is Elfenworks Foundation Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Elfenworks Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Elfenworks Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Elfenworks Foundation

Elfenworks Foundation (EIN: 205522254) is a nonprofit organization based in San Mateo, CA, classified under NTEE code T20. The organization reported total revenue of $4.1M and total assets of $5.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Elfenworks Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Elfenworks Foundation is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.5%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Elfenworks Foundation reported a surplus of $825K with revenue exceeding expenses, holds 32.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).

Financial Trends

Over 10 years of filings (2011–2023), Elfenworks Foundation's revenue has grown at a compound annual growth rate (CAGR) of 11.5%.

IRS Tax-Exempt Classification

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 Elfenworks Foundation with a Mission Score of 85 out of 100 (Excellent). 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: 80%
• fundraising: 5%

According to IRS 990 filings, Elfenworks Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $825K, with revenue exceeding expenses.
• Debt-to-asset ratio: 0.4%.

Executive Compensation Analysis

The Elfenworks Foundation consistently reports 0% officer compensation across all ten available IRS 990 filings, indicating that no compensation was paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of its size and asset base.

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 Elfenworks Foundation's IRS 990 filings:

• Consistent 0% officer compensation, which is highly unusual for an organization with millions in assets and revenue, potentially indicating undisclosed compensation structures or significant reliance on unpaid leadership.
• Lack of detailed expense breakdown (program, admin, fundraising) in the provided data makes it difficult to fully assess spending efficiency.

Strengths

The following positive indicators were identified for Elfenworks Foundation:

• Consistent financial reporting over a decade.
• Growing assets, reaching $2,610,390 in 2023, indicating financial stability.
• Minimal liabilities ($11,477 in 2023) relative to assets, suggesting a strong balance sheet.
• Positive net income in recent years (e.g., $1,782,556 revenue vs. $957,059 expenses in 2023).

Frequently Asked Questions about Elfenworks Foundation

Filing History

IRS 990 filing history for Elfenworks Foundation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Elfenworks Foundation's revenue has grown by 268.9%, moving from $483K to $1.8M. Total assets decreased by 26.5% over the same period, from $3.5M to $2.6M. Total functional expenses fell by 23.5%, from $1.3M to $957K. In its most recent filing year (2023), Elfenworks Foundation reported a surplus of $825K, with revenue exceeding expenses. The organization holds $11K in liabilities against $2.6M in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $2.6M.

Year-by-Year Financial Summary

• 2023: Revenue of $1.8M, expenses of $957K, and assets of $2.6M (revenue +13.6% year-over-year).
• 2022: Revenue of $1.6M, expenses of $1.0M, and assets of $2.0M (revenue +230.1% year-over-year).
• 2021: Revenue of $475K, expenses of $946K, and assets of $1.5M (revenue -45.5% year-over-year).
• 2020: Revenue of $872K, expenses of $1.0M, and assets of $1.7M (revenue +14.6% year-over-year).
• 2019: Revenue of $761K, expenses of $629K, and assets of $1.5M (revenue +41.8% year-over-year).
• 2015: Revenue of $536K, expenses of $849K, and assets of $1.1M (revenue -3.6% year-over-year).
• 2014: Revenue of $556K, expenses of $1.2M, and assets of $1.6M (revenue +15.4% year-over-year).
• 2013: Revenue of $482K, expenses of $1.2M, and assets of $2.1M (revenue -2.5% year-over-year).
• 2012: Revenue of $495K, expenses of $1.2M, and assets of $2.9M (revenue +2.4% year-over-year).
• 2011: Revenue of $483K, expenses of $1.3M, and assets of $3.5M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Elfenworks Foundation:

Data Sources and Methodology

This transparency report for Elfenworks 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.