Falmouth Education Foundation
EIN: 223267950 · Falmouth, ME · NTEE: T70Z
| Metric | Value |
|---|---|
| Total Revenue | $47K |
| Total Expenses | $33K |
| Net Assets | $853K |
Is Falmouth Education Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Falmouth Education Foundation
Falmouth Education Foundation (EIN: 223267950) is a nonprofit organization based in Falmouth, ME, classified under NTEE code T70Z. The organization reported total revenue of $47K and total assets of $972K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Falmouth Education Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Falmouth Education Foundation is a micro nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $63K |
| Total Expenses | $33K |
| Surplus / Deficit | +$30K |
| Total Assets | $853K |
| Net Assets | $853K |
| Operating Margin | 47.7% |
| Months of Reserves | 313.0 months |
Financial Health Grade: A
In 2023, Falmouth Education Foundation reported a surplus of $30K with revenue exceeding expenses, holds 313.0 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Falmouth Education Foundation's revenue has declined at a compound annual growth rate (CAGR) of -2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +119.5% | +20.4% | -8.7% |
| 2022 | -54.0% | +3.7% | +5.8% |
| 2021 | +45.4% | -24.2% | +30.0% |
| 2020 | -42.2% | -41.9% | +12.5% |
| 2019 | +56.6% | +110.4% | +4.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Falmouth Education 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 Falmouth Education 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 $30K, with revenue exceeding expenses.
Frequently Asked Questions about Falmouth Education Foundation
Is Falmouth Education Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Falmouth Education Foundation (EIN: 223267950) insufficient data. 0 red flags identified, 0 strengths noted.
How does Falmouth Education Foundation spend its money?
Detailed spending breakdown data is not yet available for Falmouth Education Foundation. Check back for updated IRS 990 analysis.
Are donations to Falmouth Education Foundation tax-deductible?
Falmouth Education Foundation is registered as a tax-exempt nonprofit (EIN: 223267950). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Falmouth Education Foundation located?
Falmouth Education Foundation is headquartered in Falmouth, Maine and files with the IRS under EIN 223267950. It is classified under NTEE code T70Z.
How many years of IRS 990 filings does Falmouth Education Foundation have?
Falmouth Education Foundation has 13 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 $47K in total revenue.
Filing History
IRS 990 filing history for Falmouth Education Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Falmouth Education Foundation's revenue has declined by 23.5%, moving from $82K to $63K. Total assets increased by 166.2% over the same period, from $321K to $853K. Total functional expenses fell by 59.2%, from $80K to $33K. In its most recent filing year (2023), Falmouth Education Foundation reported a surplus of $30K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $63K | $33K | $853K | $0 | — | — |
| 2022 | $28K | $27K | $935K | $0 | — | — |
| 2021 | $62K | $26K | $884K | $0 | — | View 990 |
| 2020 | $43K | $35K | $680K | $0 | — | View 990 |
| 2019 | $74K | $60K | $604K | $0 | — | View 990 |
| 2018 | $47K | $28K | $577K | $0 | — | View 990 |
| 2017 | $56K | $88K | $522K | $0 | — | View 990 |
| 2016 | $72K | $25K | $510K | $0 | — | View 990 |
| 2015 | $77K | $82K | $464K | $0 | — | View 990 |
| 2014 | $72K | $48K | $468K | $0 | — | View 990 |
| 2013 | $70K | $72K | $398K | $0 | — | View 990 |
| 2012 | $76K | $24K | $376K | $0 | — | View 990 |
| 2011 | $82K | $80K | $321K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $63K, expenses of $33K, and assets of $853K (revenue +119.5% year-over-year).
- 2022: Revenue of $28K, expenses of $27K, and assets of $935K (revenue -54.0% year-over-year).
- 2021: Revenue of $62K, expenses of $26K, and assets of $884K (revenue +45.4% year-over-year).
- 2020: Revenue of $43K, expenses of $35K, and assets of $680K (revenue -42.2% year-over-year).
- 2019: Revenue of $74K, expenses of $60K, and assets of $604K (revenue +56.6% year-over-year).
- 2018: Revenue of $47K, expenses of $28K, and assets of $577K (revenue -16.0% year-over-year).
- 2017: Revenue of $56K, expenses of $88K, and assets of $522K (revenue -22.1% year-over-year).
- 2016: Revenue of $72K, expenses of $25K, and assets of $510K (revenue -6.6% year-over-year).
- 2015: Revenue of $77K, expenses of $82K, and assets of $464K (revenue +7.3% year-over-year).
- 2014: Revenue of $72K, expenses of $48K, and assets of $468K (revenue +3.2% year-over-year).
- 2013: Revenue of $70K, expenses of $72K, and assets of $398K (revenue -7.8% year-over-year).
- 2012: Revenue of $76K, expenses of $24K, and assets of $376K (revenue -7.5% year-over-year).
- 2011: Revenue of $82K, expenses of $80K, and assets of $321K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Falmouth Education Foundation:
Data Sources and Methodology
This transparency report for Falmouth Education 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.