Foundation For A Course In Miracles Inc
Foundation For A Course In Miracles Inc experiences fluctuating revenues and occasional operating deficits, maintaining substantial assets with no reported officer compensation.
EIN: 133168245 · Henderson, NV · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $686K |
| Program Spending | 80% |
| Net Assets | $6.8M |
| Transparency Score | 75/100 |
Is Foundation For A Course In Miracles Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Foundation For A Course In Miracles Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Foundation For A Course In Miracles Inc
Foundation For A Course In Miracles Inc (EIN: 133168245) is a nonprofit organization based in Henderson, NV. The organization reported total revenue of $1.4M and total assets of $6.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foundation For A Course In Miracles Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Foundation For A Course In Miracles Inc is a mid-size nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -7.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $497K |
| Total Expenses | $686K |
| Surplus / Deficit | $-188,478 |
| Total Assets | $6.8M |
| Total Liabilities | $22K |
| Net Assets | $6.8M |
| Operating Margin | -37.9% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 119.4 months |
Financial Health Grade: B
In 2023, Foundation For A Course In Miracles Inc reported a deficit of $188K with expenses exceeding revenue, holds 119.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Foundation For A Course In Miracles Inc's revenue has declined at a compound annual growth rate (CAGR) of -7.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.6% | -0.1% | -1.7% |
| 2022 | -77.6% | -16.4% | -3.0% |
| 2021 | +385.9% | +30.5% | +16.6% |
| 2020 | +105.7% | -17.0% | +1.3% |
| 2019 | -77.3% | -11.8% | -5.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
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 Foundation For A Course In Miracles Inc with a Mission Score of 75 out of 100 (Good). 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: 80%
- fundraising: 5%
According to IRS 990 filings, Foundation For A Course In Miracles Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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:
- The organization reported a deficit of $188K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is a strong positive for financial transparency and resource allocation.
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 Foundation For A Course In Miracles Inc's IRS 990 filings:
- Frequent operating deficits (e.g., 2023, 2022, 2020, 2019 where expenses exceeded revenue)
- Significant year-over-year revenue volatility, making financial planning potentially challenging
- Lack of detailed expense breakdown in provided data hinders in-depth spending efficiency analysis
Strengths
The following positive indicators were identified for Foundation For A Course In Miracles Inc:
- Consistent reporting of 0% officer compensation, indicating strong transparency and efficient use of funds at the executive level
- Substantial asset base (over $6 million in recent years) provides a financial cushion
- Demonstrated ability to generate significant revenue in certain periods (e.g., $2.2M in 2021)
Frequently Asked Questions about Foundation For A Course In Miracles Inc
Is Foundation For A Course In Miracles Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Foundation For A Course In Miracles Inc (EIN: 133168245) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Foundation For A Course In Miracles Inc spend its money?
Foundation For A Course In Miracles Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Foundation For A Course In Miracles Inc tax-deductible?
Foundation For A Course In Miracles Inc is registered as a tax-exempt nonprofit (EIN: 133168245). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Foundation For A Course In Miracles Inc's spending goes to programs?
Foundation For A Course In Miracles Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Foundation For A Course In Miracles Inc located?
Foundation For A Course In Miracles Inc is headquartered in Henderson, Nevada and files with the IRS under EIN 133168245.
How many years of IRS 990 filings does Foundation For A Course In Miracles Inc have?
Foundation For A Course In Miracles Inc has 13 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 $1.4M in total revenue.
Is Foundation For A Course In Miracles Inc financially stable?
While the organization has experienced periods of operating deficits (e.g., 2023, 2022, 2020, 2019), its substantial asset base, consistently above $6 million in recent years, suggests a degree of financial stability to weather these fluctuations. However, sustained deficits could erode this base over time.
How does the organization manage its expenses?
Without a detailed breakdown of expenses beyond total expenses, it's difficult to assess specific management strategies. However, the consistent reporting of 0% officer compensation indicates a commitment to minimizing executive overhead.
What caused the significant revenue spike in 2021?
The provided data does not specify the source of the $2,202,230 revenue in 2021, which was significantly higher than other years. This could be due to a large one-time donation, a successful fundraising campaign, or an increase in program service revenue.
Filing History
IRS 990 filing history for Foundation For A Course In Miracles Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Foundation For A Course In Miracles Inc's revenue has declined by 59.7%, moving from $1.2M to $497K. Total assets increased by 17.5% over the same period, from $5.8M to $6.8M. Total functional expenses fell by 43.9%, from $1.2M to $686K. In its most recent filing year (2023), Foundation For A Course In Miracles Inc reported a deficit of $188K, with expenses exceeding revenue. The organization holds $22K in liabilities against $6.8M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $6.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $497K | $686K | $6.8M | $22K | — | — |
| 2022 | $494K | $686K | $6.9M | $8K | — | View 990 |
| 2021 | $2.2M | $821K | $7.1M | $5K | — | View 990 |
| 2020 | $453K | $629K | $6.1M | $6K | — | View 990 |
| 2019 | $220K | $758K | $6.1M | $42K | — | View 990 |
| 2018 | $971K | $860K | $6.4M | $18K | — | View 990 |
| 2017 | $1.3M | $1.1M | $6.6M | $12K | — | — |
| 2016 | $1.4M | $718K | $6.3M | $4K | — | View 990 |
| 2015 | $882K | $833K | $5.6M | $104K | — | View 990 |
| 2014 | $1.6M | $970K | $5.7M | $180K | — | View 990 |
| 2013 | $636K | $1.1M | $5.0M | $167K | — | View 990 |
| 2012 | $836K | $1.1M | $5.5M | $197K | — | View 990 |
| 2011 | $1.2M | $1.2M | $5.8M | $232K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $497K, expenses of $686K, and assets of $6.8M (revenue +0.6% year-over-year).
- 2022: Revenue of $494K, expenses of $686K, and assets of $6.9M (revenue -77.6% year-over-year).
- 2021: Revenue of $2.2M, expenses of $821K, and assets of $7.1M (revenue +385.9% year-over-year).
- 2020: Revenue of $453K, expenses of $629K, and assets of $6.1M (revenue +105.7% year-over-year).
- 2019: Revenue of $220K, expenses of $758K, and assets of $6.1M (revenue -77.3% year-over-year).
- 2018: Revenue of $971K, expenses of $860K, and assets of $6.4M (revenue -27.0% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.1M, and assets of $6.6M (revenue -6.4% year-over-year).
- 2016: Revenue of $1.4M, expenses of $718K, and assets of $6.3M (revenue +61.3% year-over-year).
- 2015: Revenue of $882K, expenses of $833K, and assets of $5.6M (revenue -45.7% year-over-year).
- 2014: Revenue of $1.6M, expenses of $970K, and assets of $5.7M (revenue +155.8% year-over-year).
- 2013: Revenue of $636K, expenses of $1.1M, and assets of $5.0M (revenue -24.0% year-over-year).
- 2012: Revenue of $836K, expenses of $1.1M, and assets of $5.5M (revenue -32.2% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.2M, and assets of $5.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Foundation For A Course In Miracles Inc:
Data Sources and Methodology
This transparency report for Foundation For A Course In Miracles 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.