Food Allergy Research & Education Inc
Food Allergy Research & Education Inc faces declining assets and consistent operating deficits in recent years.
EIN: 133905508 · Mclean, VA · NTEE: K20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $27.4M |
| Total Expenses | $19.7M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $20 |
| Net Assets | $28.7M |
| Transparency Score | 65/100 |
Is Food Allergy Research & Education Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Food Allergy Research & Education Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Food Allergy Research & Education Inc
Food Allergy Research & Education Inc (EIN: 133905508) is a nonprofit organization based in Mclean, VA, classified under NTEE code K20. The organization reported total revenue of $27.4M and total assets of $33.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Food Allergy Research & Education Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Food Allergy Research & Education Inc is a large nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $16.2M |
| Total Expenses | $19.7M |
| Surplus / Deficit | $-3,543,049 |
| Total Assets | $31.4M |
| Total Liabilities | $2.6M |
| Net Assets | $28.7M |
| Operating Margin | -21.9% |
| Debt-to-Asset Ratio | 8.4% |
| Months of Reserves | 19.1 months |
Financial Health Grade: B
In 2023, Food Allergy Research & Education Inc reported a deficit of $3.5M with expenses exceeding revenue, holds 19.1 months of operating reserves (strong position), has a debt-to-asset ratio of 8.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Food Allergy Research & Education Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +36.1% | -25.0% | -22.5% |
| 2022 | -0.5% | +7.9% | -18.7% |
| 2021 | -36.1% | +13.2% | -19.6% |
| 2020 | -20.5% | +65.0% | -5.7% |
| 2019 | +61.6% | -1.2% | +17.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 Food Allergy Research & Education Inc with a Mission Score of 65 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: 75%
- fundraising: 10%
According to IRS 990 filings, Food Allergy Research & Education Inc 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.4%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, which is unusual for an organization of this size with annual expenses often exceeding $20 million. This suggests that executive compensation might be reported under different categories or through a related entity, or that the organization relies heavily on volunteer leadership, which would be highly efficient.
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 Food Allergy Research & Education Inc's IRS 990 filings:
- Consistent operating deficits: Expenses have exceeded revenue in the last four reported periods (2020-2023).
- Significant asset depletion: Assets decreased from $65.6M in 2019 to $31.3M in 2023.
- Unusual 0% officer compensation: This requires further investigation to understand how executive leadership is compensated.
Strengths
The following positive indicators were identified for Food Allergy Research & Education Inc:
- Strong asset base: Despite recent declines, the organization still holds over $31 million in assets.
- Consistent IRS 990 filing history: Demonstrates commitment to transparency through regular reporting.
- Potential for high program efficiency: If the 0% officer compensation is accurate, it suggests very low overhead for leadership.
Frequently Asked Questions about Food Allergy Research & Education Inc
Is Food Allergy Research & Education Inc a legitimate charity?
Food Allergy Research & Education Inc (EIN: 133905508) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $27.4M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Food Allergy Research & Education Inc spend its money?
Food Allergy Research & Education Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Food Allergy Research & Education Inc tax-deductible?
Food Allergy Research & Education Inc is registered as a tax-exempt nonprofit (EIN: 133905508). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Food Allergy Research & Education Inc CEO make?
Food Allergy Research & Education Inc's highest-compensated officer earns $20 annually. The organization reported $27.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Food Allergy Research & Education Inc's spending goes to programs?
Food Allergy Research & Education Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Food Allergy Research & Education Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Food Allergy Research & Education Inc is above average for NTEE category K20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Food Allergy Research & Education Inc located?
Food Allergy Research & Education Inc is headquartered in Mclean, Virginia and files with the IRS under EIN 133905508. It is classified under NTEE code K20.
How many years of IRS 990 filings does Food Allergy Research & Education Inc have?
Food Allergy Research & Education Inc has 13 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 $27.4M in total revenue.
Why have expenses consistently exceeded revenue in recent years?
From 2020 to 2023, FARE's expenses have been higher than its revenue, for example, $19.7M in expenses vs $16.1M in revenue in 2023. This trend suggests the organization is drawing down on its reserves or relying on non-operating income to cover its costs.
What caused the significant decrease in assets from $65.6M in 2019 to $31.3M in 2023?
The substantial decline in assets is likely a direct consequence of the organization's operating deficits, where expenses have outpaced revenue for several consecutive years, requiring the use of accumulated assets to fund operations.
How is executive compensation handled if 0% is reported for officers?
The consistent reporting of 0% officer compensation across all filings is atypical for an organization of FARE's scale. This could mean compensation is reported under different categories (e.g., key employees, independent contractors), paid by a related entity, or that the organization is primarily volunteer-led at the executive level.
Is the organization's current financial model sustainable given the revenue-expense imbalance?
The current trend of expenses exceeding revenue is not sustainable long-term without a significant increase in fundraising or a reduction in operational costs, as it continues to deplete the organization's asset base.
Filing History
IRS 990 filing history for Food Allergy Research & Education Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Food Allergy Research & Education Inc's revenue has grown by 118.8%, moving from $7.4M to $16.2M. Total assets increased by 250.3% over the same period, from $9.0M to $31.4M. Total functional expenses rose by 132.5%, from $8.5M to $19.7M. In its most recent filing year (2023), Food Allergy Research & Education Inc reported a deficit of $3.5M, with expenses exceeding revenue. The organization holds $2.6M in liabilities against $31.4M in assets (debt-to-asset ratio: 8.4%), resulting in net assets of $28.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $16.2M | $19.7M | $31.4M | $2.6M | — | — |
| 2022 | $11.9M | $26.3M | $40.5M | $8.2M | — | View 990 |
| 2021 | $11.9M | $24.4M | $49.7M | $2.3M | — | View 990 |
| 2020 | $18.7M | $21.5M | $61.9M | $2.0M | — | — |
| 2019 | $23.5M | $13.1M | $65.6M | $2.9M | — | View 990 |
| 2018 | $14.6M | $13.2M | $55.7M | $3.7M | — | View 990 |
| 2017 | $12.5M | $14.0M | $55.5M | $5.5M | — | — |
| 2016 | $6.4M | $11.9M | $57.1M | $5.6M | — | View 990 |
| 2015 | $19.1M | $16.0M | $63.5M | $6.4M | — | View 990 |
| 2014 | $12.8M | $11.9M | $9.9M | $3.3M | — | View 990 |
| 2013 | $15.5M | $12.6M | $14.1M | $6.2M | — | View 990 |
| 2012 | $0 | $0 | $13.5M | $7.1M | — | View 990 |
| 2011 | $7.4M | $8.5M | $9.0M | $4.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $16.2M, expenses of $19.7M, and assets of $31.4M (revenue +36.1% year-over-year).
- 2022: Revenue of $11.9M, expenses of $26.3M, and assets of $40.5M (revenue -0.5% year-over-year).
- 2021: Revenue of $11.9M, expenses of $24.4M, and assets of $49.7M (revenue -36.1% year-over-year).
- 2020: Revenue of $18.7M, expenses of $21.5M, and assets of $61.9M (revenue -20.5% year-over-year).
- 2019: Revenue of $23.5M, expenses of $13.1M, and assets of $65.6M (revenue +61.6% year-over-year).
- 2018: Revenue of $14.6M, expenses of $13.2M, and assets of $55.7M (revenue +16.6% year-over-year).
- 2017: Revenue of $12.5M, expenses of $14.0M, and assets of $55.5M (revenue +96.2% year-over-year).
- 2016: Revenue of $6.4M, expenses of $11.9M, and assets of $57.1M (revenue -66.7% year-over-year).
- 2015: Revenue of $19.1M, expenses of $16.0M, and assets of $63.5M (revenue +49.0% year-over-year).
- 2014: Revenue of $12.8M, expenses of $11.9M, and assets of $9.9M (revenue -17.2% year-over-year).
- 2013: Revenue of $15.5M, expenses of $12.6M, and assets of $14.1M.
- 2012: Revenue of $0, expenses of $0, and assets of $13.5M (revenue -100.0% year-over-year).
- 2011: Revenue of $7.4M, expenses of $8.5M, and assets of $9.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Food Allergy Research & Education Inc:
Data Sources and Methodology
This transparency report for Food Allergy Research & Education 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.