Fledgling Fund
Fledgling Fund faces severe financial decline with consistent operating deficits and shrinking assets.
EIN: 202450707 · Hyannis, MA · NTEE: T20 · Updated: 2026-03-28
Is Fledgling Fund Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fledgling Fund directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fledgling Fund
Fledgling Fund (EIN: 202450707) is a nonprofit organization based in Hyannis, MA, classified under NTEE code T20. The organization reported total revenue of $1.7M and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fledgling Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Fledgling Fund with a Mission Score of 35 out of 100 (Poor). 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: 75%
- fundraising: 10%
According to IRS 990 filings, Fledgling Fund allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, suggesting either a fully volunteer-led executive team or that compensation is categorized differently within the provided data. This indicates a potential strength in minimizing overhead related to top leadership salaries, especially given the organization's declining financial health.
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 Fledgling Fund's IRS 990 filings:
- Consistent and significant operating deficits (e.g., $1.27 million in 2023, $1.24 million in 2022).
- Drastic decline in total assets over the past decade (from $16.39 million in 2011 to $2.76 million currently).
- Revenue in recent years is extremely low relative to expenses (e.g., $26,036 revenue vs. $1,299,128 expenses in 2023).
- Substantial increase in liabilities in recent filings ($1.98 million in 2023, $546,059 in 2022) after years of near-zero liabilities.
Strengths
The following positive indicators were identified for Fledgling Fund:
- No reported officer compensation across all filings, suggesting efficient use of funds at the executive level or volunteer leadership.
Frequently Asked Questions about Fledgling Fund
Is Fledgling Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Fledgling Fund (EIN: 202450707) significant concerns. Mission Score: 35/100. 4 red flags identified, 1 strength noted.
How does Fledgling Fund spend its money?
Fledgling Fund directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Fledgling Fund tax-deductible?
Fledgling Fund is registered as a tax-exempt nonprofit (EIN: 202450707). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the Fledgling Fund's primary source of revenue, given the drastic fluctuations and recent low figures?
The provided data shows highly volatile revenue, ranging from $26,036 in 2023 to $2,520,391 in 2013. Without further detail from the 990 filings, it's unclear what specific revenue streams (e.g., grants, donations, investments) contribute to these figures, making it difficult to understand the organization's funding model.
How does the Fledgling Fund plan to address its significant and consistent operating deficits?
In 2023, expenses ($1,299,128) vastly exceeded revenue ($26,036), resulting in a $1.27 million deficit. Similar large deficits are observed in previous years. The organization's strategy for achieving financial sustainability and covering these ongoing losses is not evident from the provided data.
What caused the substantial decline in assets from $16.39 million in 2011 to $2.76 million currently?
The organization's assets have steadily decreased over the past decade, indicating significant asset depletion. The reasons for this decline, whether due to spending down endowments, investment losses, or other factors, are not specified in the summary data.
What are the specific components of the large liabilities reported in 2023 ($1,980,000) and 2022 ($546,059)?
The sudden appearance and significant increase in liabilities in recent years, particularly the $1.98 million in 2023, warrant further investigation. Understanding the nature of these liabilities (e.g., loans, deferred grants, accounts payable) is crucial for assessing financial risk.
Filing History
IRS 990 filing history for Fledgling Fund showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Fledgling Fund's revenue has declined by 96%, moving from $650K to $26K. Total assets decreased by 79.4% over the same period, from $16.4M to $3.4M. Total functional expenses fell by 35.6%, from $2.0M to $1.3M. In its most recent filing year (2023), Fledgling Fund reported a deficit of $1.3M, with expenses exceeding revenue. The organization holds $2K in liabilities against $3.4M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $3.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $26K | $1.3M | $3.4M | $2K | — | — |
| 2022 | $84K | $1.3M | $4.8M | $546K | — | View 990 |
| 2021 | $1.9M | $1.1M | $5.6M | $1 | — | View 990 |
| 2020 | $303K | $2.1M | $5.9M | $1 | — | View 990 |
| 2019 | $624K | $1.4M | $9.1M | $0 | — | View 990 |
| 2015 | $596K | $1.8M | $13.1M | $0 | — | View 990 |
| 2014 | $976K | $2.1M | $14.3M | $0 | — | View 990 |
| 2013 | $2.5M | $2.0M | $15.4M | $0 | — | View 990 |
| 2012 | $765K | $2.3M | $14.9M | $0 | — | View 990 |
| 2011 | $650K | $2.0M | $16.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $26K, expenses of $1.3M, and assets of $3.4M (revenue -68.8% year-over-year).
- 2022: Revenue of $84K, expenses of $1.3M, and assets of $4.8M (revenue -95.7% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.1M, and assets of $5.6M (revenue +541.7% year-over-year).
- 2020: Revenue of $303K, expenses of $2.1M, and assets of $5.9M (revenue -51.4% year-over-year).
- 2019: Revenue of $624K, expenses of $1.4M, and assets of $9.1M (revenue +4.8% year-over-year).
- 2015: Revenue of $596K, expenses of $1.8M, and assets of $13.1M (revenue -39.0% year-over-year).
- 2014: Revenue of $976K, expenses of $2.1M, and assets of $14.3M (revenue -61.3% year-over-year).
- 2013: Revenue of $2.5M, expenses of $2.0M, and assets of $15.4M (revenue +229.3% year-over-year).
- 2012: Revenue of $765K, expenses of $2.3M, and assets of $14.9M (revenue +17.7% year-over-year).
- 2011: Revenue of $650K, expenses of $2.0M, and assets of $16.4M.
Data Sources and Methodology
This transparency report for Fledgling Fund 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.