Fb Foundation
Fb Foundation faces significant financial instability with consistent deficits and growing liabilities.
EIN: 203997779 · North Charleston, SC · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $27K |
| Total Expenses | $133K |
| Program Spending | 70% |
| Net Assets | $-132,913 |
| Transparency Score | 45/100 |
Search Intent Cockpit
Fb Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Fb Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Fb Foundation in one place.
Form 990 Filing Summary
6 filing years are available, with latest revenue of $103K and expenses of $133K.
Revenue and Expenses
Fb Foundation reported $103K in revenue and $133K in expenses, a deficit of $29K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
45/100 mission score, 4 red flags, and 1 strength are shown from structured and AI review.
Is Fb Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $93K (70%) |
Across stored filings, Fb Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Significant Concerns | Good filing record; 4 red flags identified |
| Mission spend | 70% to programs | Good |
| Financial durability | Grade D | 6 stored filing years |
| Peer context | Compare with Sigma Delta Pi | South Carolina and Human Services context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
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Local and Sector Spokes
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Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
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Next Best Actions
Keep the Investigation Moving
Fb Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Fb Foundation
Fb Foundation (EIN: 203997779) is a nonprofit organization based in North Charleston, SC, classified under NTEE code P20. The organization reported total revenue of $27K and total assets of $11K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fb Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fb Foundation is a micro nonprofit that has been operating for 9 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 10.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $103K |
| Total Expenses | $133K |
| Surplus / Deficit | $-29,233 |
| Total Assets | $29K |
| Total Liabilities | $162K |
| Net Assets | $-132,913 |
| Operating Margin | -28.3% |
| Debt-to-Asset Ratio | 553.8% |
| Months of Reserves | 2.7 months |
Financial Health Grade: D
In 2023, Fb Foundation reported a deficit of $29K with expenses exceeding revenue, holds 2.7 months of operating reserves (limited), has a debt-to-asset ratio of 553.8% (high leverage).
Financial Trends
Over 6 years of filings (2018–2023), Fb Foundation's revenue has grown at a compound annual growth rate (CAGR) of 10.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +80.9% | -28.7% | -49.9% |
| 2022 | -7.9% | +140.3% | -69.1% |
| 2021 | -30.9% | -16.2% | +1647.2% |
| 2020 | -53.7% | -50.9% | +13.1% |
| 2019 | +202.6% | +212.4% | +140.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
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 Fb Foundation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Fb Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $29K, with expenses exceeding revenue.
- Debt-to-asset ratio: 553.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is commendable for an organization of this size and suggests resources are not being diverted to high salaries.
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 Fb Foundation's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue) in recent years, e.g., $132,533 expenses vs. $103,300 revenue in 2023.
- Rapid and significant increase in liabilities, from $0 in 2019 to $162,201 in 2023.
- Negative net asset position, with liabilities far exceeding assets ($162,201 vs. $29,288 in 2023).
- Declining assets in recent periods, from $189,625 in 2021 to $29,288 in 2023.
Strengths
The following positive indicators were identified for Fb Foundation:
- No reported officer compensation, indicating that executive pay is not a drain on resources.
Frequently Asked Questions about Fb Foundation
Is Fb Foundation a legitimate charity?
Fb Foundation (EIN: 203997779) is a registered tax-exempt nonprofit based in South Carolina. Our AI analysis gives it a Mission Score of 45/100. It has 6 years of IRS 990 filings on record. Total revenue: $27K. 4 red flags identified. 1 strength noted. Financial health grade: D.
How does Fb Foundation spend its money?
Fb Foundation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Fb Foundation tax-deductible?
Fb Foundation is registered as a tax-exempt nonprofit (EIN: 203997779). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Fb Foundation's spending goes to programs?
Fb Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Fb Foundation compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Fb Foundation is near average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Fb Foundation located?
Fb Foundation is headquartered in North Charleston, South Carolina and files with the IRS under EIN 203997779. It is classified under NTEE code P20.
How many years of IRS 990 filings does Fb Foundation have?
Fb Foundation has 6 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 $27K in total revenue.
Is Fb Foundation financially sustainable?
Based on the consistent trend of expenses exceeding revenue and the growing liabilities, the organization's financial sustainability is highly questionable. In 2023, liabilities were $162,201 against assets of $29,288, indicating a significant negative net asset position.
What caused the significant increase in liabilities?
Liabilities have dramatically increased from $0 in 2019 to $162,201 in 2023. This rapid accumulation, especially in conjunction with declining assets, suggests the organization is operating at a substantial deficit and potentially incurring debt to cover operational costs.
How does the organization plan to address its negative net asset position?
With assets of $29,288 and liabilities of $162,201 in 2023, the organization has a significant negative net asset position. The filings do not provide a plan, but this is a critical area for donors to inquire about.
Filing History
IRS 990 filing history for Fb Foundation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Fb Foundation's revenue has grown by 61.4%, moving from $64K to $103K. Total assets increased by 633.7% over the same period, from $4K to $29K. Total functional expenses rose by 120.1%, from $60K to $133K. In its most recent filing year (2023), Fb Foundation reported a deficit of $29K, with expenses exceeding revenue. The organization holds $162K in liabilities against $29K in assets (debt-to-asset ratio: 553.8%), resulting in net assets of $-132,913.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $103K | $133K | $29K | $162K | — | View 990 |
| 2022 | $57K | $186K | $59K | $159K | — | View 990 |
| 2021 | $62K | $77K | $190K | $161K | — | View 990 |
| 2020 | $90K | $92K | $11K | $4K | — | — |
| 2019 | $194K | $188K | $10K | $0 | — | View 990 |
| 2018 | $64K | $60K | $4K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $103K, expenses of $133K, and assets of $29K (revenue +80.9% year-over-year).
- 2022: Revenue of $57K, expenses of $186K, and assets of $59K (revenue -7.9% year-over-year).
- 2021: Revenue of $62K, expenses of $77K, and assets of $190K (revenue -30.9% year-over-year).
- 2020: Revenue of $90K, expenses of $92K, and assets of $11K (revenue -53.7% year-over-year).
- 2019: Revenue of $194K, expenses of $188K, and assets of $10K (revenue +202.6% year-over-year).
- 2018: Revenue of $64K, expenses of $60K, and assets of $4K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fb Foundation:
Data Sources and Methodology
This transparency report for Fb 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.