Fleetwing Charitable Foundation Tr
Fleetwing Charitable Foundation consistently operates with zero officer compensation and manages a stable asset base despite expenses often exceeding annual revenue.
EIN: 201448765 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $325K |
| Program Spending | 90% |
| Net Assets | $3.7M |
| Transparency Score | 85/100 |
Is Fleetwing Charitable Foundation Tr Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fleetwing Charitable Foundation Tr directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fleetwing Charitable Foundation Tr
Fleetwing Charitable Foundation Tr (EIN: 201448765) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $1.1M and total assets of $3.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fleetwing Charitable Foundation Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fleetwing Charitable Foundation Tr is a mid-size nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $138K |
| Total Expenses | $325K |
| Surplus / Deficit | $-187,248 |
| Total Assets | $3.7M |
| Total Liabilities | $1 |
| Net Assets | $3.7M |
| Operating Margin | -135.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 137.3 months |
Financial Health Grade: B
In 2023, Fleetwing Charitable Foundation Tr reported a deficit of $187K with expenses exceeding revenue, holds 137.3 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), Fleetwing Charitable Foundation Tr's revenue has grown at a compound annual growth rate (CAGR) of 3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -59.5% | -10.8% | -4.7% |
| 2022 | +12.4% | +18.7% | -0.5% |
| 2021 | +178.6% | +0.5% | -0.1% |
| 2020 | -63.7% | +41.3% | -4.8% |
| 2019 | +76.6% | +17.1% | +68.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Fleetwing Charitable Foundation Tr with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Fleetwing Charitable Foundation Tr allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $187K, 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 leadership is either entirely volunteer-based or compensated through an external entity, which is a positive for resource allocation directly to charitable activities.
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.
Strengths
The following positive indicators were identified for Fleetwing Charitable Foundation Tr:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for charitable purposes.
- Stable asset base, with current assets of $3,778,972, providing a strong foundation for future activities.
- Minimal liabilities ($1 across most filings), suggesting sound financial management and low debt burden.
- Good transparency with 10 years of IRS 990 filings available.
Frequently Asked Questions about Fleetwing Charitable Foundation Tr
Is Fleetwing Charitable Foundation Tr a legitimate charity?
Fleetwing Charitable Foundation Tr (EIN: 201448765) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.1M. No red flags identified. 4 strengths noted. Financial health grade: B.
How does Fleetwing Charitable Foundation Tr spend its money?
Fleetwing Charitable Foundation Tr directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Fleetwing Charitable Foundation Tr tax-deductible?
Fleetwing Charitable Foundation Tr is registered as a tax-exempt nonprofit (EIN: 201448765). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Fleetwing Charitable Foundation Tr compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Fleetwing Charitable Foundation Tr is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Fleetwing Charitable Foundation Tr located?
Fleetwing Charitable Foundation Tr is headquartered in Wilmington, Delaware and files with the IRS under EIN 201448765. It is classified under NTEE code T20.
How many years of IRS 990 filings does Fleetwing Charitable Foundation Tr have?
Fleetwing Charitable Foundation Tr has 10 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 $1.1M in total revenue.
What are the specific programs or grants funded by Fleetwing Charitable Foundation Tr?
The provided data does not detail specific program activities or grant recipients, only financial aggregates. Further investigation into their 990-PF filings would be necessary to understand their grantmaking focus.
Why do expenses frequently exceed revenue for the foundation?
As a private foundation, it's common for expenses (primarily grants and operating costs) to exceed annual revenue, with the difference being covered by drawing from the foundation's endowment or investment returns not classified as direct revenue in these summaries. This is a sustainable model as long as the asset base remains robust, which it appears to be for Fleetwing.
How does the foundation ensure its long-term financial sustainability given the trend of declining assets?
While assets have declined from a peak of $4,124,456 in 2019 to $3,718,843 in 2023, the decline is gradual. Long-term sustainability would depend on investment performance of its endowment and future revenue generation strategies, which are not detailed in this summary data.
Filing History
IRS 990 filing history for Fleetwing Charitable Foundation Tr showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Fleetwing Charitable Foundation Tr's revenue has grown by 56.7%, moving from $88K to $138K. Total assets increased by 50.5% over the same period, from $2.5M to $3.7M. Total functional expenses rose by 64.9%, from $197K to $325K. In its most recent filing year (2023), Fleetwing Charitable Foundation Tr reported a deficit of $187K, with expenses exceeding revenue. The organization holds $1 in liabilities against $3.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $138K | $325K | $3.7M | $1 | — | — |
| 2022 | $340K | $364K | $3.9M | $1 | — | View 990 |
| 2021 | $303K | $307K | $3.9M | $1 | — | View 990 |
| 2020 | $109K | $305K | $3.9M | $1 | — | — |
| 2019 | $299K | $216K | $4.1M | $1 | — | View 990 |
| 2015 | $170K | $184K | $2.4M | $1 | — | View 990 |
| 2014 | $129K | $171K | $2.5M | $1 | — | View 990 |
| 2013 | $65K | $105K | $2.5M | $1 | — | View 990 |
| 2012 | $165K | $97K | $2.5M | $0 | — | View 990 |
| 2011 | $88K | $197K | $2.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $138K, expenses of $325K, and assets of $3.7M (revenue -59.5% year-over-year).
- 2022: Revenue of $340K, expenses of $364K, and assets of $3.9M (revenue +12.4% year-over-year).
- 2021: Revenue of $303K, expenses of $307K, and assets of $3.9M (revenue +178.6% year-over-year).
- 2020: Revenue of $109K, expenses of $305K, and assets of $3.9M (revenue -63.7% year-over-year).
- 2019: Revenue of $299K, expenses of $216K, and assets of $4.1M (revenue +76.6% year-over-year).
- 2015: Revenue of $170K, expenses of $184K, and assets of $2.4M (revenue +31.7% year-over-year).
- 2014: Revenue of $129K, expenses of $171K, and assets of $2.5M (revenue +96.7% year-over-year).
- 2013: Revenue of $65K, expenses of $105K, and assets of $2.5M (revenue -60.4% year-over-year).
- 2012: Revenue of $165K, expenses of $97K, and assets of $2.5M (revenue +87.9% year-over-year).
- 2011: Revenue of $88K, expenses of $197K, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fleetwing Charitable Foundation Tr:
Data Sources and Methodology
This transparency report for Fleetwing Charitable Foundation Tr 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.