Fate Inc Fighting Addiction Through Education
EIN: 270879150 · Oklahoma City, OK · NTEE: F21
| Metric | Value |
|---|---|
| Total Revenue | $21K |
| Total Expenses | $30K |
| Net Assets | $19K |
Is Fate Inc Fighting Addiction Through Education Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Fate Inc Fighting Addiction Through Education
Fate Inc Fighting Addiction Through Education (EIN: 270879150) is a nonprofit organization based in Oklahoma City, OK, classified under NTEE code F21. The organization reported total revenue of $21K and total assets of $21K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fate Inc Fighting Addiction Through Education's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fate Inc Fighting Addiction Through Education is a micro nonprofit that has been operating for 15 years, with 11 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -15.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $29K |
| Total Expenses | $30K |
| Surplus / Deficit | $-654 |
| Total Assets | $19K |
| Total Liabilities | $1 |
| Net Assets | $19K |
| Operating Margin | -2.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 7.8 months |
Financial Health Grade: B
In 2023, Fate Inc Fighting Addiction Through Education reported a deficit of $654 with expenses exceeding revenue, holds 7.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2010–2023), Fate Inc Fighting Addiction Through Education's revenue has declined at a compound annual growth rate (CAGR) of -15.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -30.0% | -33.9% | -3.3% |
| 2022 | +25.5% | +34.9% | -14.7% |
| 2021 | -74.8% | -86.4% | -1.0% |
| 2020 | +231.0% | +333.7% | -82.8% |
| 2019 | +97.5% | +50.0% | +459.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Fate Inc Fighting Addiction Through Education 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 Fate Inc Fighting Addiction Through Education 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 deficit of $654, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Fate Inc Fighting Addiction Through Education
Is Fate Inc Fighting Addiction Through Education a legitimate charity?
Fate Inc Fighting Addiction Through Education (EIN: 270879150) is a registered tax-exempt nonprofit based in Oklahoma. It has 11 years of IRS 990 filings on record. Total revenue: $21K. No red flags identified. Financial health grade: B.
How does Fate Inc Fighting Addiction Through Education spend its money?
Fate Inc Fighting Addiction Through Education reported $21K in total revenue in IRS 990 filings. 11 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Fate Inc Fighting Addiction Through Education tax-deductible?
Fate Inc Fighting Addiction Through Education is registered as a tax-exempt nonprofit (EIN: 270879150). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Fate Inc Fighting Addiction Through Education located?
Fate Inc Fighting Addiction Through Education is headquartered in Oklahoma City, Oklahoma and files with the IRS under EIN 270879150. It is classified under NTEE code F21.
How many years of IRS 990 filings does Fate Inc Fighting Addiction Through Education have?
Fate Inc Fighting Addiction Through Education has 11 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 $21K in total revenue.
Filing History
IRS 990 filing history for Fate Inc Fighting Addiction Through Education showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2010–2023), Fate Inc Fighting Addiction Through Education's revenue has declined by 89.3%, moving from $270K to $29K. Total assets decreased by 92.3% over the same period, from $250K to $19K. Total functional expenses rose by 34.2%, from $22K to $30K. In its most recent filing year (2023), Fate Inc Fighting Addiction Through Education reported a deficit of $654, with expenses exceeding revenue. The organization holds $1 in liabilities against $19K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $19K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $29K | $30K | $19K | $1 | — | — |
| 2022 | $41K | $45K | $20K | $1 | — | — |
| 2021 | $33K | $33K | $23K | $1 | — | — |
| 2020 | $131K | $245K | $24K | $1 | — | — |
| 2019 | $40K | $56K | $138K | $1 | — | View 990 |
| 2015 | $20K | $38K | $25K | $1 | — | View 990 |
| 2014 | $25K | $7K | $42K | $0 | — | View 990 |
| 2013 | $62K | $63K | $24K | $0 | — | View 990 |
| 2012 | $378K | $442K | $25K | $548 | — | View 990 |
| 2011 | $200K | $362K | $91K | $3K | — | View 990 |
| 2010 | $270K | $22K | $250K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $29K, expenses of $30K, and assets of $19K (revenue -30.0% year-over-year).
- 2022: Revenue of $41K, expenses of $45K, and assets of $20K (revenue +25.5% year-over-year).
- 2021: Revenue of $33K, expenses of $33K, and assets of $23K (revenue -74.8% year-over-year).
- 2020: Revenue of $131K, expenses of $245K, and assets of $24K (revenue +231.0% year-over-year).
- 2019: Revenue of $40K, expenses of $56K, and assets of $138K (revenue +97.5% year-over-year).
- 2015: Revenue of $20K, expenses of $38K, and assets of $25K (revenue -19.2% year-over-year).
- 2014: Revenue of $25K, expenses of $7K, and assets of $42K (revenue -60.3% year-over-year).
- 2013: Revenue of $62K, expenses of $63K, and assets of $24K (revenue -83.5% year-over-year).
- 2012: Revenue of $378K, expenses of $442K, and assets of $25K (revenue +89.0% year-over-year).
- 2011: Revenue of $200K, expenses of $362K, and assets of $91K (revenue -25.9% year-over-year).
- 2010: Revenue of $270K, expenses of $22K, and assets of $250K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fate Inc Fighting Addiction Through Education:
Data Sources and Methodology
This transparency report for Fate Inc Fighting Addiction Through Education 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.