Food Armor Foundation Inc
EIN: 814381619 · Madison, WI · NTEE: K20
| Metric | Value |
|---|---|
| Total Revenue | $185K |
| Total Expenses | $162K |
| Net Assets | $-91,855 |
Is Food Armor Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Food Armor Foundation Inc
Food Armor Foundation Inc (EIN: 814381619) is a nonprofit organization based in Madison, WI, classified under NTEE code K20. The organization reported total revenue of $185K and total assets of $48K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Food Armor Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Food Armor Foundation Inc is a small nonprofit that has been operating for 8 years, with 6 years of IRS 990 filings on record (2017–2022). Revenue has grown at a compound annual rate of 28.6%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $185K |
| Total Expenses | $162K |
| Surplus / Deficit | +$23K |
| Total Assets | $48K |
| Total Liabilities | $140K |
| Net Assets | $-91,855 |
| Operating Margin | 12.2% |
| Debt-to-Asset Ratio | 289.7% |
| Months of Reserves | 3.6 months |
Financial Health Grade: A
In 2022, Food Armor Foundation Inc reported a surplus of $23K with revenue exceeding expenses, holds 3.6 months of operating reserves (adequate), has a debt-to-asset ratio of 289.7% (high leverage).
Financial Trends
Over 6 years of filings (2017–2022), Food Armor Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 28.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -2.4% | +0.1% | -73.2% |
| 2021 | +26.0% | -24.2% | -50.7% |
| 2020 | +41.5% | +16.1% | +960.7% |
| 2019 | -19.7% | -1.6% | -3.5% |
| 2018 | +151.1% | +6405.8% | -34.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Food Armor Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Food Armor Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $23K, with revenue exceeding expenses.
- Debt-to-asset ratio: 289.7%.
Frequently Asked Questions about Food Armor Foundation Inc
Is Food Armor Foundation Inc a legitimate charity?
Food Armor Foundation Inc (EIN: 814381619) is a registered tax-exempt nonprofit based in Wisconsin. It has 6 years of IRS 990 filings on record. Total revenue: $185K. No red flags identified. Financial health grade: A.
How does Food Armor Foundation Inc spend its money?
Food Armor Foundation Inc reported $185K in total revenue in IRS 990 filings. 6 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Food Armor Foundation Inc tax-deductible?
Food Armor Foundation Inc is registered as a tax-exempt nonprofit (EIN: 814381619). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Food Armor Foundation Inc located?
Food Armor Foundation Inc is headquartered in Madison, Wisconsin and files with the IRS under EIN 814381619. It is classified under NTEE code K20.
How many years of IRS 990 filings does Food Armor Foundation Inc have?
Food Armor Foundation Inc has 6 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 $185K in total revenue.
Filing History
IRS 990 filing history for Food Armor Foundation Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2017–2022), Food Armor Foundation Inc's revenue has grown by 251.3%, moving from $53K to $185K. Total assets decreased by 11.4% over the same period, from $55K to $48K. Total functional expenses rose by 5541.5%, from $3K to $162K. In its most recent filing year (2022), Food Armor Foundation Inc reported a surplus of $23K, with revenue exceeding expenses. The organization holds $140K in liabilities against $48K in assets (debt-to-asset ratio: 289.7%), resulting in net assets of $-91,855.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $185K | $162K | $48K | $140K | — | View 990 |
| 2021 | $189K | $162K | $180K | $295K | — | — |
| 2020 | $150K | $213K | $366K | $507K | — | — |
| 2019 | $106K | $184K | $34K | $113K | — | View 990 |
| 2018 | $132K | $187K | $36K | $36K | — | View 990 |
| 2017 | $53K | $3K | $55K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $185K, expenses of $162K, and assets of $48K (revenue -2.4% year-over-year).
- 2021: Revenue of $189K, expenses of $162K, and assets of $180K (revenue +26.0% year-over-year).
- 2020: Revenue of $150K, expenses of $213K, and assets of $366K (revenue +41.5% year-over-year).
- 2019: Revenue of $106K, expenses of $184K, and assets of $34K (revenue -19.7% year-over-year).
- 2018: Revenue of $132K, expenses of $187K, and assets of $36K (revenue +151.1% year-over-year).
- 2017: Revenue of $53K, expenses of $3K, and assets of $55K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Food Armor Foundation Inc:
Data Sources and Methodology
This transparency report for Food Armor Foundation 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.