Foothold
Foothold reports significant negative revenues in recent years amid volatile asset values.
EIN: 208968356 · Salt Lake Cty, UT · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $81K |
| Total Expenses | $134K |
| Program Spending | 75% |
| Net Assets | $4.7M |
| Transparency Score | 45/100 |
Is Foothold Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Foothold directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Foothold
Foothold (EIN: 208968356) is a nonprofit organization based in Salt Lake Cty, UT, classified under NTEE code T20. The organization reported total revenue of $81K and total assets of $4.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foothold's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Foothold is a micro nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -125.5% | +1082.8% | -51.5% |
| 2021 | -63.8% | +137.1% | +84.2% |
| 2020 | +1340.3% | -15.2% | +139.7% |
| 2019 | -49.7% | +72.3% | +12.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
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 Foothold with a Mission Score of 45 out of 100 (Fair). 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, Foothold 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:
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Foothold consistently reports 0% officer compensation across all available filings, suggesting either a fully volunteer-led organization or that executive compensation is categorized under other expense lines, which would require further investigation.
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 Foothold's IRS 990 filings:
- Significant negative revenue reported in 2023 ($-1,189,879) and 2022 ($-390,949), indicating substantial financial losses or unusual accounting.
- Dramatic decline in assets from $12,691,815 in 2021 to $4,732,293 in 2023, raising concerns about asset management and financial stability.
- Latest reported revenue of $81,231 is extremely low compared to historical figures and current asset base, suggesting potential operational challenges.
- Consistent reporting of $0 or $1 in liabilities across multiple years is highly unusual for an organization of this size and warrants further scrutiny.
- Lack of detailed expense breakdown (program, admin, fundraising) makes it difficult to assess spending efficiency and program focus.
Strengths
The following positive indicators were identified for Foothold:
- Consistent filing history with the IRS, indicating compliance with reporting requirements.
- Historically maintained substantial assets, peaking at over $12 million in 2021.
- Reports 0% officer compensation, which could indicate a volunteer-driven leadership or efficient use of funds if compensation is truly absent.
Frequently Asked Questions about Foothold
Is Foothold a legitimate charity?
Based on AI analysis of IRS 990 filings, Foothold (EIN: 208968356) significant concerns. Mission Score: 45/100. 5 red flags identified, 3 strengths noted.
How does Foothold spend its money?
Foothold directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Foothold tax-deductible?
Foothold is registered as a tax-exempt nonprofit (EIN: 208968356). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Foothold's spending goes to programs?
Foothold directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Foothold compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Foothold is near average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Foothold located?
Foothold is headquartered in Salt Lake Cty, Utah and files with the IRS under EIN 208968356. It is classified under NTEE code T20.
How many years of IRS 990 filings does Foothold have?
Foothold 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 $81K in total revenue.
Why has Foothold reported negative revenue in 2023 and 2022?
The IRS 990 filings show negative revenues of $-1,189,879 in 2023 and $-390,949 in 2022. This is highly unusual and could indicate significant investment losses, returns of grants, or substantial accounting adjustments that warrant further explanation.
What caused the significant decline in assets from $12.7 million in 2021 to $4.5 million in 2023?
Foothold's assets decreased from $12,691,815 in 2021 to $4,732,293 in 2023. This substantial drop of over $7 million in two years, coupled with negative revenues, suggests significant asset depletion or revaluation.
How does Foothold manage its liabilities, consistently reporting $1 or $0?
For most of its filing history, Foothold has reported liabilities of $0 or $1. This is an uncommon reporting practice for an organization with millions in assets and expenses, and it might indicate specific accounting methods or a lack of significant debt.
What is the breakdown of Foothold's expenses into program, administrative, and fundraising categories?
The provided data only shows total expenses, such as $133,738 in 2023 and $6,147,506 in 2022. Without a detailed breakdown, it's impossible to accurately assess the organization's spending efficiency across its core activities.
Filing History
IRS 990 filing history for Foothold showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Foothold's revenue has declined by 759.6%, moving from $180K to $-1,189,879. Total assets increased by 97.8% over the same period, from $2.4M to $4.7M. Total functional expenses rose by 76.6%, from $76K to $134K. The organization holds $1 in liabilities against $4.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-1,189,879 | $134K | $4.7M | $1 | — | — |
| 2022 | $-390,949 | $6.1M | $6.2M | $1 | — | View 990 |
| 2021 | $1.5M | $520K | $12.7M | $1 | — | — |
| 2020 | $4.2M | $219K | $6.9M | $1 | — | View 990 |
| 2019 | $294K | $258K | $2.9M | $0 | — | View 990 |
| 2015 | $585K | $150K | $2.6M | $0 | — | View 990 |
| 2014 | $63K | $69K | $2.6M | $0 | — | View 990 |
| 2013 | $433K | $368K | $2.6M | $0 | — | View 990 |
| 2012 | $391K | $174K | $2.9M | $288K | — | View 990 |
| 2011 | $180K | $76K | $2.4M | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-1,189,879, expenses of $134K, and assets of $4.7M.
- 2022: Revenue of $-390,949, expenses of $6.1M, and assets of $6.2M (revenue -125.5% year-over-year).
- 2021: Revenue of $1.5M, expenses of $520K, and assets of $12.7M (revenue -63.8% year-over-year).
- 2020: Revenue of $4.2M, expenses of $219K, and assets of $6.9M (revenue +1340.3% year-over-year).
- 2019: Revenue of $294K, expenses of $258K, and assets of $2.9M (revenue -49.7% year-over-year).
- 2015: Revenue of $585K, expenses of $150K, and assets of $2.6M (revenue +822.6% year-over-year).
- 2014: Revenue of $63K, expenses of $69K, and assets of $2.6M (revenue -85.3% year-over-year).
- 2013: Revenue of $433K, expenses of $368K, and assets of $2.6M (revenue +10.8% year-over-year).
- 2012: Revenue of $391K, expenses of $174K, and assets of $2.9M (revenue +116.5% year-over-year).
- 2011: Revenue of $180K, expenses of $76K, and assets of $2.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Foothold:
Data Sources and Methodology
This transparency report for Foothold 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.