Eureka Foundation Inc
Eureka Foundation Inc. maintains substantial assets despite fluctuating revenue and consistent operating deficits in recent years.
EIN: 134148244 · Newtown, PA · NTEE: B60 · Updated: 2026-03-28
Is Eureka Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Eureka Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Eureka Foundation Inc
Eureka Foundation Inc (EIN: 134148244) is a nonprofit organization based in Newtown, PA, classified under NTEE code B60. The organization reported total revenue of $535K and total assets of $12.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eureka Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Eureka Foundation Inc with a Mission Score of 75 out of 100 (Good). 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, Eureka Foundation Inc 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.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly favorable for an organization of its asset size ($12,049,024).
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 Eureka Foundation Inc's IRS 990 filings:
- Multiple years of negative revenue (2019-2021) without clear explanation in provided data.
- Consistent operating deficits in recent years (e.g., $393,585 revenue vs. $454,300 expenses in 2023), indicating spending exceeds incoming funds.
Strengths
The following positive indicators were identified for Eureka Foundation Inc:
- Substantial asset base ($12,049,024) providing long-term financial stability.
- 0% officer compensation reported across all filings, indicating strong fiscal responsibility regarding executive pay.
- Very low liabilities (consistently $0 or $1), suggesting excellent debt management.
- Consistent IRS 990 filing history, demonstrating transparency and compliance.
Frequently Asked Questions about Eureka Foundation Inc
Is Eureka Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Eureka Foundation Inc (EIN: 134148244) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Eureka Foundation Inc spend its money?
Eureka Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Eureka Foundation Inc tax-deductible?
Eureka Foundation Inc is registered as a tax-exempt nonprofit (EIN: 134148244). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why did Eureka Foundation Inc. report negative revenue for multiple years (2019-2021)?
The negative revenue figures (e.g., $-50,753 in 2021, $-55,749 in 2020) suggest that the organization may have experienced investment losses or significant returns of contributions during those periods, rather than generating income from its primary activities.
What are the primary activities or programs of Eureka Foundation Inc. given its NTEE code B60 (Philanthropy, Voluntarism, and Grantmaking Foundations)?
As a grantmaking foundation, its primary activities would likely involve making grants to other organizations or individuals to support charitable causes. The provided data does not detail specific grant recipients or program areas, but its NTEE code indicates its role as a funding entity.
How does Eureka Foundation Inc. sustain its operations with periods of negative revenue and operating deficits?
The organization likely sustains its operations by drawing from its substantial asset base, which has consistently been over $10 million. While revenue has been negative or less than expenses in recent years, the large asset pool provides financial stability.
Filing History
IRS 990 filing history for Eureka Foundation Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2015–2023), Eureka Foundation Inc's revenue has declined by 54.5%, moving from $864K to $394K. Total assets increased by 19.2% over the same period, from $10.1M to $12.0M. Total functional expenses rose by 1133%, from $37K to $454K. In its most recent filing year (2023), Eureka Foundation Inc reported a deficit of $61K, with expenses exceeding revenue. The organization holds $1 in liabilities against $12.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $12.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $394K | $454K | $12.0M | $1 | — | — |
| 2022 | $320K | $404K | $12.1M | $1 | — | View 990 |
| 2021 | $-50,753 | $10K | $12.2M | $1 | — | — |
| 2020 | $-55,749 | $0 | $12.2M | $1 | — | View 990 |
| 2019 | $-56,996 | $103K | $12.3M | $1 | — | — |
| 2015 | $864K | $37K | $10.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $394K, expenses of $454K, and assets of $12.0M (revenue +22.9% year-over-year).
- 2022: Revenue of $320K, expenses of $404K, and assets of $12.1M.
- 2021: Revenue of $-50,753, expenses of $10K, and assets of $12.2M.
- 2020: Revenue of $-55,749, expenses of $0, and assets of $12.2M.
- 2019: Revenue of $-56,996, expenses of $103K, and assets of $12.3M (revenue -106.6% year-over-year).
- 2015: Revenue of $864K, expenses of $37K, and assets of $10.1M.
Data Sources and Methodology
This transparency report for Eureka 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.