Fischbach Foundation
Fischbach Foundation consistently spends more than it earns, drawing down assets.
EIN: 204125579 · Deep River, CT · NTEE: T20 · Updated: 2026-03-28
Is Fischbach Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fischbach Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fischbach Foundation
Fischbach Foundation (EIN: 204125579) is a nonprofit organization based in Deep River, CT, classified under NTEE code T20. The organization reported total revenue of $171K and total assets of $311K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fischbach Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fischbach Foundation is a small nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $45K |
| Total Expenses | $76K |
| Surplus / Deficit | $-31,700 |
| Total Assets | $349K |
| Total Liabilities | $1 |
| Net Assets | $349K |
| Operating Margin | -71.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 54.9 months |
Financial Health Grade: B
In 2023, Fischbach Foundation reported a deficit of $32K with expenses exceeding revenue, holds 54.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Fischbach Foundation's revenue has declined at a compound annual growth rate (CAGR) of -3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.8% | -6.2% | -8.3% |
| 2022 | -9.2% | -25.2% | -4.5% |
| 2021 | -36.5% | +38.8% | -5.8% |
| 2020 | +8.3% | -27.1% | -3.3% |
| 2019 | -55.6% | +67.9% | +8.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Fischbach Foundation with a Mission Score of 70 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, Fischbach Foundation 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $32K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's officers are not paid, which is highly efficient for an organization of its size with latest revenue of $170,749.
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 Fischbach Foundation's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue in most recent years)
- Declining asset base over the past decade (from $396,051 in 2011 to $349,482 in 2023)
Strengths
The following positive indicators were identified for Fischbach Foundation:
- Excellent transparency with 10 years of IRS 990 filings available
- Zero executive compensation reported across all filings, indicating high efficiency in this area
- Very low liabilities, consistently reported as $1 or $0, demonstrating strong debt management
Frequently Asked Questions about Fischbach Foundation
Is Fischbach Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Fischbach Foundation (EIN: 204125579) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Fischbach Foundation spend its money?
Fischbach Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Fischbach Foundation tax-deductible?
Fischbach Foundation is registered as a tax-exempt nonprofit (EIN: 204125579). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Fischbach Foundation financially sustainable given its spending patterns?
The foundation's financial sustainability is a concern, as expenses have frequently exceeded revenue in recent years (e.g., 2023 expenses $76,364 vs. revenue $44,664), leading to a decline in assets from $396,051 in 2011 to $349,482 in 2023. This trend suggests reliance on asset drawdowns.
What is the primary cause of the declining asset base?
The primary cause of the declining asset base appears to be consistent deficit spending, where annual expenses have been higher than annual revenues in most recent periods, such as 2023, 2022, 2021, 2020, 2019, 2014, 2013, 2012, and 2011.
How does the lack of officer compensation impact the organization?
The consistent 0% officer compensation significantly reduces administrative overhead, allowing a greater proportion of funds to be directed towards the foundation's mission. This is a strong positive for spending efficiency.
Filing History
IRS 990 filing history for Fischbach Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Fischbach Foundation's revenue has declined by 35.4%, moving from $69K to $45K. Total assets decreased by 11.8% over the same period, from $396K to $349K. Total functional expenses fell by 37.2%, from $122K to $76K. In its most recent filing year (2023), Fischbach Foundation reported a deficit of $32K, with expenses exceeding revenue. The organization holds $1 in liabilities against $349K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $349K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $45K | $76K | $349K | $1 | — | — |
| 2022 | $37K | $81K | $381K | $1 | — | View 990 |
| 2021 | $41K | $109K | $399K | $1 | — | — |
| 2020 | $64K | $78K | $424K | $1 | — | — |
| 2019 | $59K | $108K | $438K | $1 | — | — |
| 2015 | $133K | $64K | $404K | $1 | — | View 990 |
| 2014 | $33K | $60K | $335K | $1 | — | View 990 |
| 2013 | $73K | $90K | $362K | $0 | — | View 990 |
| 2012 | $107K | $124K | $379K | $0 | — | View 990 |
| 2011 | $69K | $122K | $396K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $45K, expenses of $76K, and assets of $349K (revenue +20.8% year-over-year).
- 2022: Revenue of $37K, expenses of $81K, and assets of $381K (revenue -9.2% year-over-year).
- 2021: Revenue of $41K, expenses of $109K, and assets of $399K (revenue -36.5% year-over-year).
- 2020: Revenue of $64K, expenses of $78K, and assets of $424K (revenue +8.3% year-over-year).
- 2019: Revenue of $59K, expenses of $108K, and assets of $438K (revenue -55.6% year-over-year).
- 2015: Revenue of $133K, expenses of $64K, and assets of $404K (revenue +302.6% year-over-year).
- 2014: Revenue of $33K, expenses of $60K, and assets of $335K (revenue -54.7% year-over-year).
- 2013: Revenue of $73K, expenses of $90K, and assets of $362K (revenue -31.7% year-over-year).
- 2012: Revenue of $107K, expenses of $124K, and assets of $379K (revenue +54.6% year-over-year).
- 2011: Revenue of $69K, expenses of $122K, and assets of $396K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fischbach Foundation:
Data Sources and Methodology
This transparency report for Fischbach 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.