Elm Foundation Inc
Elm Foundation Inc. shows strong financial health with significant assets and no reported officer compensation.
EIN: 201726630 · Newnan, GA · NTEE: X11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $166K |
| Total Expenses | $178K |
| Program Spending | 85% |
| Net Assets | $2.7M |
| Transparency Score | 90/100 |
Is Elm Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Elm Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Elm Foundation Inc
Elm Foundation Inc (EIN: 201726630) is a nonprofit organization based in Newnan, GA, classified under NTEE code X11. The organization reported total revenue of $166K and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Elm Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Elm Foundation Inc is a small nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 17.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $664K |
| Total Expenses | $178K |
| Surplus / Deficit | +$486K |
| Total Assets | $2.7M |
| Total Liabilities | $1 |
| Net Assets | $2.7M |
| Operating Margin | 73.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 179.6 months |
Financial Health Grade: A
In 2023, Elm Foundation Inc reported a surplus of $486K with revenue exceeding expenses, holds 179.6 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 (2011–2023), Elm Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 17.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +292.5% | +9.6% | +22.4% |
| 2022 | -69.5% | -2.8% | +0.3% |
| 2021 | +402.4% | +30.7% | +21.7% |
| 2020 | +15.2% | +6.7% | -1.0% |
| 2019 | +2.5% | -9.7% | -9.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Elm Foundation Inc with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Elm Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $486K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Elm Foundation Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly favorable for directing funds to its mission.
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.
Strengths
The following positive indicators were identified for Elm Foundation Inc:
- Consistently reports 0% officer compensation, indicating efficient use of funds.
- Maintains substantial assets ($2,644,995) relative to its annual expenses, providing financial stability.
- Reports minimal liabilities ($1 or $0 across all filings), demonstrating a very low debt burden.
- Experienced significant revenue growth in the latest filing period (202312) to $664,397, while keeping expenses controlled at $177,945.
- Strong program efficiency suggested by low expenses relative to revenue in recent periods.
Frequently Asked Questions about Elm Foundation Inc
Is Elm Foundation Inc a legitimate charity?
Elm Foundation Inc (EIN: 201726630) is a registered tax-exempt nonprofit based in Georgia. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $166K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Elm Foundation Inc spend its money?
Elm Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Elm Foundation Inc tax-deductible?
Elm Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201726630). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Elm Foundation Inc's spending goes to programs?
Elm Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Elm Foundation Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Elm Foundation Inc is above average for NTEE category X11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Elm Foundation Inc located?
Elm Foundation Inc is headquartered in Newnan, Georgia and files with the IRS under EIN 201726630. It is classified under NTEE code X11.
How many years of IRS 990 filings does Elm Foundation Inc have?
Elm Foundation Inc 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 $166K in total revenue.
Is Elm Foundation Inc. a good charity?
Based on the financial data, Elm Foundation Inc. appears to be a very good charity. It has substantial assets ($2,644,995), consistently low liabilities, and reports 0% officer compensation, indicating efficient use of funds and strong financial health.
How has Elm Foundation Inc.'s revenue trended over time?
Elm Foundation Inc.'s revenue has fluctuated but shows a significant upward trend in the latest period, jumping to $664,397 in 202312 from $169,256 in 202212 and $554,471 in 202112, after several years of lower revenue.
What is the organization's asset-to-liability ratio?
The organization maintains an exceptionally high asset-to-liability ratio, with assets of $2,644,995 and liabilities consistently reported as $1 or $0 across all filings, indicating virtually no debt.
Filing History
IRS 990 filing history for Elm Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Elm Foundation Inc's revenue has grown by 611.5%, moving from $93K to $664K. Total assets increased by 31.5% over the same period, from $2.0M to $2.7M. Total functional expenses rose by 43.4%, from $124K to $178K. In its most recent filing year (2023), Elm Foundation Inc reported a surplus of $486K, with revenue exceeding expenses. The organization holds $1 in liabilities against $2.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $664K | $178K | $2.7M | $1 | — | — |
| 2022 | $169K | $162K | $2.2M | $1 | — | View 990 |
| 2021 | $554K | $167K | $2.2M | $1 | — | View 990 |
| 2020 | $110K | $128K | $1.8M | $1 | — | View 990 |
| 2019 | $96K | $120K | $1.8M | $0 | — | View 990 |
| 2015 | $93K | $133K | $2.0M | $0 | — | View 990 |
| 2014 | $92K | $138K | $2.0M | $0 | — | View 990 |
| 2013 | $134K | $85K | $2.1M | $0 | — | View 990 |
| 2012 | $107K | $110K | $2.0M | $0 | — | View 990 |
| 2011 | $93K | $124K | $2.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $664K, expenses of $178K, and assets of $2.7M (revenue +292.5% year-over-year).
- 2022: Revenue of $169K, expenses of $162K, and assets of $2.2M (revenue -69.5% year-over-year).
- 2021: Revenue of $554K, expenses of $167K, and assets of $2.2M (revenue +402.4% year-over-year).
- 2020: Revenue of $110K, expenses of $128K, and assets of $1.8M (revenue +15.2% year-over-year).
- 2019: Revenue of $96K, expenses of $120K, and assets of $1.8M (revenue +2.5% year-over-year).
- 2015: Revenue of $93K, expenses of $133K, and assets of $2.0M (revenue +1.9% year-over-year).
- 2014: Revenue of $92K, expenses of $138K, and assets of $2.0M (revenue -31.6% year-over-year).
- 2013: Revenue of $134K, expenses of $85K, and assets of $2.1M (revenue +25.0% year-over-year).
- 2012: Revenue of $107K, expenses of $110K, and assets of $2.0M (revenue +15.0% year-over-year).
- 2011: Revenue of $93K, expenses of $124K, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Elm Foundation Inc:
Data Sources and Methodology
This transparency report for Elm 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.