Fortitude Foundation Inc
EIN: 562608852 · Alpharetta, GA · NTEE: I21
| Metric | Value |
|---|---|
| Total Revenue | $177K |
| Total Expenses | $15K |
| Net Assets | $93K |
Is Fortitude 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 Fortitude Foundation Inc
Fortitude Foundation Inc (EIN: 562608852) is a nonprofit organization based in Alpharetta, GA, classified under NTEE code I21. The organization reported total revenue of $177K and total assets of $90K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fortitude Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fortitude Foundation Inc is a small nonprofit that has been operating for 14 years, with 4 years of IRS 990 filings on record (2014–2020). Revenue has grown at a compound annual rate of 8.1%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $71K |
| Total Expenses | $15K |
| Surplus / Deficit | +$56K |
| Total Assets | $93K |
| Net Assets | $93K |
| Operating Margin | 78.8% |
| Months of Reserves | 73.6 months |
Financial Health Grade: A
In 2020, Fortitude Foundation Inc reported a surplus of $56K with revenue exceeding expenses, holds 73.6 months of operating reserves (strong position).
Financial Trends
Over 4 years of filings (2014–2020), Fortitude Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | +76.9% | -51.1% | +124.5% |
| 2018 | +91.4% | +78.5% | -17.0% |
| 2016 | -52.9% | +51.5% | -10.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Fortitude 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 Fortitude 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $56K, with revenue exceeding expenses.
Frequently Asked Questions about Fortitude Foundation Inc
Is Fortitude Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Fortitude Foundation Inc (EIN: 562608852) insufficient data. 0 red flags identified, 0 strengths noted.
How does Fortitude Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Fortitude Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Fortitude Foundation Inc tax-deductible?
Fortitude Foundation Inc is registered as a tax-exempt nonprofit (EIN: 562608852). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Fortitude Foundation Inc located?
Fortitude Foundation Inc is headquartered in Alpharetta, Georgia and files with the IRS under EIN 562608852. It is classified under NTEE code I21.
How many years of IRS 990 filings does Fortitude Foundation Inc have?
Fortitude Foundation Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $177K in total revenue.
Filing History
IRS 990 filing history for Fortitude Foundation Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2014–2020), Fortitude Foundation Inc's revenue has grown by 59.5%, moving from $45K to $71K. Total assets increased by 67.1% over the same period, from $55K to $93K. Total functional expenses rose by 32.3%, from $11K to $15K. In its most recent filing year (2020), Fortitude Foundation Inc reported a surplus of $56K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $71K | $15K | $93K | $0 | — | View 990 |
| 2018 | $40K | $31K | $41K | $0 | — | View 990 |
| 2016 | $21K | $17K | $50K | $0 | — | View 990 |
| 2014 | $45K | $11K | $55K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $71K, expenses of $15K, and assets of $93K (revenue +76.9% year-over-year).
- 2018: Revenue of $40K, expenses of $31K, and assets of $41K (revenue +91.4% year-over-year).
- 2016: Revenue of $21K, expenses of $17K, and assets of $50K (revenue -52.9% year-over-year).
- 2014: Revenue of $45K, expenses of $11K, and assets of $55K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fortitude Foundation Inc:
Data Sources and Methodology
This transparency report for Fortitude 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.