Foulds Mem Lab Tr
Foulds Mem Lab Tr maintains stable assets despite recent negative revenue and consistent expenses.
EIN: 146023256 · Manchester, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $75K |
| Total Expenses | $18K |
| Program Spending | 90% |
| Net Assets | $352K |
| Transparency Score | 80/100 |
Is Foulds Mem Lab Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Foulds Mem Lab Tr directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Foulds Mem Lab Tr
Foulds Mem Lab Tr (EIN: 146023256) is a nonprofit organization based in Manchester, NH. The organization reported total revenue of $75K and total assets of $351K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foulds Mem Lab Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Foulds Mem Lab Tr is a micro nonprofit, with 10 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -185.2% | -13.5% | -9.2% |
| 2022 | -36.5% | -10.2% | -0.2% |
| 2021 | +29.9% | +11.4% | +2.3% |
| 2020 | +53.3% | -0.5% | +0.9% |
| 2019 | -56.6% | +28.5% | +2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
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 Foulds Mem Lab Tr with a Mission Score of 80 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Foulds Mem Lab Tr allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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
Executive compensation is reported as 0% across all available filings, indicating that the organization operates without paid officers or that compensation is negligible, which is highly efficient for a nonprofit of this size.
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 Foulds Mem Lab Tr's IRS 990 filings:
- Negative revenue reported in 2023 (-$17,665), indicating a significant financial loss or adjustment.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes full efficiency assessment difficult.
Strengths
The following positive indicators were identified for Foulds Mem Lab Tr:
- Consistent asset base (around $350k-$380k) over a decade, indicating financial stability.
- Zero officer compensation reported across all filings, demonstrating highly efficient leadership costs.
- Very low liabilities ($1 consistently), indicating minimal debt and strong financial health.
- Consistent IRS 990 filing history, showing good transparency and compliance.
Frequently Asked Questions about Foulds Mem Lab Tr
Is Foulds Mem Lab Tr a legitimate charity?
Foulds Mem Lab Tr (EIN: 146023256) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 80/100. It has 10 years of IRS 990 filings on record. Total revenue: $75K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Foulds Mem Lab Tr spend its money?
Foulds Mem Lab Tr directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Foulds Mem Lab Tr tax-deductible?
Foulds Mem Lab Tr is registered as a tax-exempt nonprofit (EIN: 146023256). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Foulds Mem Lab Tr located?
Foulds Mem Lab Tr is headquartered in Manchester, New Hampshire and files with the IRS under EIN 146023256.
How many years of IRS 990 filings does Foulds Mem Lab Tr have?
Foulds Mem Lab Tr 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 $75K in total revenue.
What caused the negative revenue of $-17,665 in the 2023 fiscal period?
The IRS 990 filing for 2023 shows a revenue of $-17,665, which is an unusual and significant financial event that would require reviewing the detailed filing to understand if it was due to investment losses, significant returns, or an accounting adjustment.
What are the specific program activities of Foulds Mem Lab Tr?
Without an NTEE code or detailed program expense breakdown in the provided data, the specific program activities are unclear. Further investigation into their mission statement or detailed 990 forms would be necessary.
How does Foulds Mem Lab Tr manage to operate with $0 officer compensation?
The consistent reporting of 0% officer compensation suggests the organization is likely run by volunteers or has a very lean, unpaid leadership structure, which contributes to low administrative overhead.
Filing History
IRS 990 filing history for Foulds Mem Lab Tr showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Foulds Mem Lab Tr's revenue has declined by 190.7%, moving from $19K to $-17,665. Total assets decreased by 3.3% over the same period, from $364K to $352K. Total functional expenses fell by 43.1%, from $33K to $18K. The organization holds $1 in liabilities against $352K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $352K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-17,665 | $18K | $352K | $1 | — | — |
| 2022 | $21K | $21K | $388K | $1 | — | — |
| 2021 | $33K | $24K | $388K | $1 | — | — |
| 2020 | $25K | $21K | $380K | $1 | — | View 990 |
| 2019 | $16K | $21K | $376K | $1 | — | View 990 |
| 2015 | $38K | $17K | $368K | $1 | — | View 990 |
| 2014 | $28K | $25K | $348K | $1 | — | View 990 |
| 2013 | $14K | $25K | $345K | $1 | — | View 990 |
| 2012 | $14K | $22K | $355K | $1 | — | View 990 |
| 2011 | $19K | $33K | $364K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-17,665, expenses of $18K, and assets of $352K (revenue -185.2% year-over-year).
- 2022: Revenue of $21K, expenses of $21K, and assets of $388K (revenue -36.5% year-over-year).
- 2021: Revenue of $33K, expenses of $24K, and assets of $388K (revenue +29.9% year-over-year).
- 2020: Revenue of $25K, expenses of $21K, and assets of $380K (revenue +53.3% year-over-year).
- 2019: Revenue of $16K, expenses of $21K, and assets of $376K (revenue -56.6% year-over-year).
- 2015: Revenue of $38K, expenses of $17K, and assets of $368K (revenue +33.7% year-over-year).
- 2014: Revenue of $28K, expenses of $25K, and assets of $348K (revenue +98.2% year-over-year).
- 2013: Revenue of $14K, expenses of $25K, and assets of $345K (revenue +4.0% year-over-year).
- 2012: Revenue of $14K, expenses of $22K, and assets of $355K (revenue -29.7% year-over-year).
- 2011: Revenue of $19K, expenses of $33K, and assets of $364K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Foulds Mem Lab Tr:
Data Sources and Methodology
This transparency report for Foulds Mem Lab Tr 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.