Federated Foundations Inc

Federated Foundations Inc. shows highly volatile revenue and expenses, with a significant deficit in 2023.

EIN: 136143973 · Block Island, RI · Updated: 2026-03-28

$994KRevenue

$561KAssets

60/100Mission Score (Good)

Is Federated Foundations Inc Legit?

Some Concerns

GoodFiling Consistency

GoodSpending Efficiency

GoodTransparency

4 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Federated Foundations Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.

About Federated Foundations Inc

Federated Foundations Inc (EIN: 136143973) is a nonprofit organization based in Block Island, RI. The organization reported total revenue of $994K and total assets of $561K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Federated Foundations Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Federated Foundations Inc. exhibits inconsistent financial activity over the past decade, with significant fluctuations in both revenue and expenses. For instance, in 2023, the organization reported revenue of only $1,437 against substantial expenses of $341,075, indicating a significant operational deficit. This contrasts sharply with 2021, where revenue was $423,076 against expenses of $82,150, showing a surplus. The organization consistently reports minimal liabilities ($1 or $0), suggesting a healthy balance sheet in terms of debt, but the wide swings in revenue and expenses raise questions about financial stability and consistent funding sources. The absence of reported officer compensation across all filings suggests either a volunteer-led organization or that compensation is not reported in a way that is easily discernible, which could impact transparency depending on the actual operational structure.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Federated Foundations Inc with a Mission Score of 60 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: 20%
programs: 70%
fundraising: 10%

According to IRS 990 filings, Federated Foundations Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

No officer compensation has been reported in any of the available filings, which is unusual for an organization with fluctuating revenues and expenses, suggesting either a fully volunteer-run model or that compensation is not disclosed in the standard officer compensation section.

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 Federated Foundations Inc's IRS 990 filings:

Significant operational deficit in 2023 ($1,437 revenue vs. $341,075 expenses).
Highly volatile revenue and expense patterns over the past decade.
Lack of reported officer compensation across all filings, which could obscure operational costs or leadership structure.
NTEE Code is unknown, making it difficult to benchmark against similar organizations.

Strengths

The following positive indicators were identified for Federated Foundations Inc:

Consistently low liabilities ($1 or $0) across all reported periods, indicating minimal debt.
Maintained substantial assets, generally above $1 million in recent years, despite revenue fluctuations.
Demonstrated ability to generate significant revenue in certain years (e.g., $653,505 in 2015, $423,076 in 2021).

Frequently Asked Questions about Federated Foundations Inc

Is Federated Foundations Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Federated Foundations Inc (EIN: 136143973) some concerns. Mission Score: 60/100. 4 red flags identified, 3 strengths noted.

How does Federated Foundations Inc spend its money?

Federated Foundations Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Federated Foundations Inc tax-deductible?

Federated Foundations Inc is registered as a tax-exempt nonprofit (EIN: 136143973). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

What caused the significant deficit in 2023, with revenue of $1,437 against expenses of $341,075?

The filings do not provide specific details on the nature of these expenses or the reason for such low revenue in 2023. Further investigation into their program activities and funding sources for that year would be necessary.

Why is there no officer compensation reported across all ten filings?

The consistent reporting of zero officer compensation could indicate that the organization is entirely volunteer-run at the executive level, or that compensation is structured in a way not captured under 'officer compensation' on the 990 form. This warrants further inquiry for full transparency.

What is the primary source of Federated Foundations Inc.'s revenue, given its high variability?

The filings show highly inconsistent revenue figures, ranging from a negative value in 2011 to over $650,000 in 2015. Without more detailed breakdowns of revenue streams, it's difficult to ascertain the primary source or the reasons for such volatility.

How does Federated Foundations Inc. manage its programs and operations with such fluctuating financial resources?

The significant swings in revenue and expenses suggest either highly adaptable program delivery or potential challenges in consistent program planning and execution. The organization's ability to maintain assets despite these fluctuations is notable.

Filing History

IRS 990 filing history for Federated Foundations Inc showing financial trends over 10 years of public records:

Total assets increased by 108% over the same period, from $486K to $1.0M. Total functional expenses rose by 2014.9%, from $16K to $341K. In its most recent filing year (2023), Federated Foundations Inc reported a deficit of $340K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.0M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1K	$341K	$1.0M	$1	—	View 990
2022	$43K	$59K	$1.4M	$1	—	View 990
2021	$423K	$82K	$1.4M	$1	—	View 990
2020	$41K	$66K	$1.0M	$1	—	View 990
2019	$53K	$65K	$1.1M	$1	—	View 990
2015	$654K	$95K	$1.1M	$1	—	View 990
2014	$11K	$2K	$503K	$1	—	View 990
2013	$13K	$7K	$494K	$1	—	View 990
2012	$10K	$8K	$488K	$0	—	View 990
2011	$-31,838	$16K	$486K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1K, expenses of $341K, and assets of $1.0M (revenue -96.6% year-over-year).
2022: Revenue of $43K, expenses of $59K, and assets of $1.4M (revenue -89.9% year-over-year).
2021: Revenue of $423K, expenses of $82K, and assets of $1.4M (revenue +923.6% year-over-year).
2020: Revenue of $41K, expenses of $66K, and assets of $1.0M (revenue -21.3% year-over-year).
2019: Revenue of $53K, expenses of $65K, and assets of $1.1M (revenue -92.0% year-over-year).
2015: Revenue of $654K, expenses of $95K, and assets of $1.1M (revenue +5810.3% year-over-year).
2014: Revenue of $11K, expenses of $2K, and assets of $503K (revenue -16.0% year-over-year).
2013: Revenue of $13K, expenses of $7K, and assets of $494K (revenue +32.6% year-over-year).
2012: Revenue of $10K, expenses of $8K, and assets of $488K.
2011: Revenue of $-31,838, expenses of $16K, and assets of $486K.

Data Sources and Methodology

This transparency report for Federated Foundations 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.