Elm Foundation
EIN: 460921239 · Huntsville, AL · NTEE: T23
| Metric | Value |
|---|---|
| Total Revenue | $422K |
| Total Expenses | $316K |
| Net Assets | $1.1M |
Is Elm Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Elm Foundation
Elm Foundation (EIN: 460921239) is a nonprofit organization based in Huntsville, AL, classified under NTEE code T23. The organization reported total revenue of $422K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Elm Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Elm Foundation is a small nonprofit that has been operating for 13 years, with 9 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $405K |
| Total Expenses | $316K |
| Surplus / Deficit | +$90K |
| Total Assets | $1.1M |
| Total Liabilities | $3K |
| Net Assets | $1.1M |
| Operating Margin | 22.1% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 40.4 months |
Financial Health Grade: A
In 2023, Elm Foundation reported a surplus of $90K with revenue exceeding expenses, holds 40.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 9 years of filings (2012–2023), Elm Foundation's revenue has declined at a compound annual growth rate (CAGR) of -4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.2% | -5.5% | +13.1% |
| 2022 | -5.2% | +28.0% | +12.9% |
| 2021 | +76.3% | +2.3% | +34.2% |
| 2020 | -51.0% | -2.4% | +2.1% |
| 2019 | +191.9% | +5.9% | +5.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Elm 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 Elm 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 $90K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Frequently Asked Questions about Elm Foundation
Is Elm Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Elm Foundation (EIN: 460921239) insufficient data. 0 red flags identified, 0 strengths noted.
How does Elm Foundation spend its money?
Detailed spending breakdown data is not yet available for Elm Foundation. Check back for updated IRS 990 analysis.
Are donations to Elm Foundation tax-deductible?
Elm Foundation is registered as a tax-exempt nonprofit (EIN: 460921239). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Elm Foundation located?
Elm Foundation is headquartered in Huntsville, Alabama and files with the IRS under EIN 460921239. It is classified under NTEE code T23.
How many years of IRS 990 filings does Elm Foundation have?
Elm Foundation has 9 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 $422K in total revenue.
Filing History
IRS 990 filing history for Elm Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2023), Elm Foundation's revenue has declined by 40.2%, moving from $677K to $405K. Total assets increased by 63.6% over the same period, from $650K to $1.1M. Total functional expenses rose by 981.8%, from $29K to $316K. In its most recent filing year (2023), Elm Foundation reported a surplus of $90K, with revenue exceeding expenses. The organization holds $3K in liabilities against $1.1M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $405K | $316K | $1.1M | $3K | — | View 990 |
| 2022 | $446K | $334K | $939K | $2K | — | View 990 |
| 2021 | $471K | $261K | $832K | $6K | — | View 990 |
| 2020 | $267K | $255K | $620K | $3K | — | View 990 |
| 2019 | $545K | $262K | $607K | $2K | — | View 990 |
| 2015 | $187K | $247K | $575K | $6K | — | View 990 |
| 2014 | $247K | $259K | $705K | $76K | — | View 990 |
| 2013 | $228K | $235K | $644K | $3K | — | View 990 |
| 2012 | $677K | $29K | $650K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $405K, expenses of $316K, and assets of $1.1M (revenue -9.2% year-over-year).
- 2022: Revenue of $446K, expenses of $334K, and assets of $939K (revenue -5.2% year-over-year).
- 2021: Revenue of $471K, expenses of $261K, and assets of $832K (revenue +76.3% year-over-year).
- 2020: Revenue of $267K, expenses of $255K, and assets of $620K (revenue -51.0% year-over-year).
- 2019: Revenue of $545K, expenses of $262K, and assets of $607K (revenue +191.9% year-over-year).
- 2015: Revenue of $187K, expenses of $247K, and assets of $575K (revenue -24.2% year-over-year).
- 2014: Revenue of $247K, expenses of $259K, and assets of $705K (revenue +8.4% year-over-year).
- 2013: Revenue of $228K, expenses of $235K, and assets of $644K (revenue -66.4% year-over-year).
- 2012: Revenue of $677K, expenses of $29K, and assets of $650K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Elm Foundation:
Data Sources and Methodology
This transparency report for Elm 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.