Forty Ninth State Foundation Inc
Forty Ninth State Foundation Inc. operates with minimal revenue and assets, showing negligible financial activity in recent years.
EIN: 203476476 · Anchorage, AK · NTEE: B82 · Updated: 2026-03-28
Is Forty Ninth State Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Forty Ninth State Foundation Inc directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Forty Ninth State Foundation Inc
Forty Ninth State Foundation Inc (EIN: 203476476) is a nonprofit organization based in Anchorage, AK, classified under NTEE code B82. The organization reported total revenue of $88 and total assets of $76 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Forty Ninth State Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Forty Ninth State Foundation Inc is a micro nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2018).
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $88 |
| Total Expenses | $89 |
| Surplus / Deficit | $-1 |
| Total Assets | $76 |
| Net Assets | $76 |
| Operating Margin | -1.1% |
| Months of Reserves | 10.2 months |
Financial Health Grade: B
In 2018, Forty Ninth State Foundation Inc reported a deficit of $1 with expenses exceeding revenue, holds 10.2 months of operating reserves (strong position).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | -40.9% | -25.8% | +58.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Forty Ninth State Foundation Inc with a Mission Score of 40 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Forty Ninth State Foundation Inc allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all filings, which is appropriate for an organization of this extremely small size and financial activity.
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 Forty Ninth State Foundation Inc's IRS 990 filings:
- Extremely low and declining revenue, indicating potential dormancy or lack of significant operations.
- Minimal assets ($76) suggesting very limited capacity to conduct charitable activities.
- Several years with zero reported revenue and expenses, raising questions about continuous operation.
Strengths
The following positive indicators were identified for Forty Ninth State Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating no personal financial benefit to leadership from the organization's limited funds.
- No reported liabilities across all filings, suggesting financial prudence on a small scale.
Frequently Asked Questions about Forty Ninth State Foundation Inc
Is Forty Ninth State Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Forty Ninth State Foundation Inc (EIN: 203476476) significant concerns. Mission Score: 40/100. 3 red flags identified, 2 strengths noted.
How does Forty Ninth State Foundation Inc spend its money?
Forty Ninth State Foundation Inc directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Forty Ninth State Foundation Inc tax-deductible?
Forty Ninth State Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203476476). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Forty Ninth State Foundation Inc. a good charity?
Based on the available financial data, the organization has extremely limited financial activity, with recent revenues as low as $88. While it reports no officer compensation, which is positive, its overall impact appears to be very small due to its minimal operational scale. It's difficult to assess its 'goodness' without more information on its actual programs and impact, given the negligible financial footprint.
What are the primary activities of Forty Ninth State Foundation Inc. given its minimal finances?
The financial filings do not provide details on specific program activities. With revenues of $88 and expenses of $89 in 2018, and similar low figures in other recent years, the organization's primary activities are likely very limited or it may be largely dormant.
How has the organization's financial health changed over time?
The organization's financial health has significantly declined from periods like 2013 where it reported revenues of $1,348, to recent years where revenue has dropped to $88. Assets have also decreased from a high of $136 to $76, indicating a contraction in its financial capacity.
Filing History
IRS 990 filing history for Forty Ninth State Foundation Inc showing financial trends over 10 years of public records:
Total assets decreased by 44.1% over the same period, from $136 to $76. Total functional expenses fell by 93.1%, from $1K to $89. In its most recent filing year (2018), Forty Ninth State Foundation Inc reported a deficit of $1, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $88 | $89 | $76 | $0 | — | View 990 |
| 2017 | $149 | $120 | $48 | $0 | — | View 990 |
| 2016 | $0 | $64 | $43 | $0 | — | — |
| 2015 | $0 | $0 | $108 | $0 | — | View 990 |
| 2014 | $0 | $0 | $113 | $0 | — | View 990 |
| 2014 | $0 | $0 | $118 | $0 | — | View 990 |
| 2013 | $0 | $0 | $118 | $0 | — | View 990 |
| 2013 | $1K | $1K | $136 | $0 | — | View 990 |
| 2012 | $1K | $1K | $136 | $0 | — | — |
| 2011 | $0 | $1K | $136 | $0 | — | — |
Year-by-Year Financial Summary
- 2018: Revenue of $88, expenses of $89, and assets of $76 (revenue -40.9% year-over-year).
- 2017: Revenue of $149, expenses of $120, and assets of $48.
- 2016: Revenue of $0, expenses of $64, and assets of $43.
- 2015: Revenue of $0, expenses of $0, and assets of $108.
- 2014: Revenue of $0, expenses of $0, and assets of $113.
- 2014: Revenue of $0, expenses of $0, and assets of $118.
- 2013: Revenue of $0, expenses of $0, and assets of $118 (revenue -100.0% year-over-year).
- 2013: Revenue of $1K, expenses of $1K, and assets of $136 (revenue +0.0% year-over-year).
- 2012: Revenue of $1K, expenses of $1K, and assets of $136.
- 2011: Revenue of $0, expenses of $1K, and assets of $136.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Forty Ninth State Foundation Inc:
Data Sources and Methodology
This transparency report for Forty Ninth State 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.