Foundation For Democracy
EIN: 384135221 · Wilmington, DE · NTEE: T20
| Metric | Value |
|---|---|
| Total Revenue | $133K |
| Total Expenses | $19K |
| Net Assets | $420K |
Is Foundation For Democracy Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Foundation For Democracy
Foundation For Democracy (EIN: 384135221) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $133K and total assets of $422K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foundation For Democracy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Foundation For Democracy is a small nonprofit that has been operating for 6 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 939.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12K |
| Total Expenses | $19K |
| Surplus / Deficit | $-7,712 |
| Total Assets | $420K |
| Total Liabilities | $1 |
| Net Assets | $420K |
| Operating Margin | -66.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 259.8 months |
Financial Health Grade: B
In 2023, Foundation For Democracy reported a deficit of $8K with expenses exceeding revenue, holds 259.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 5 years of filings (2019–2023), Foundation For Democracy's revenue has grown at a compound annual growth rate (CAGR) of 939.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.7% | -51.4% | -1.8% |
| 2022 | -59.1% | +971.5% | -6.4% |
| 2021 | -94.4% | -83.8% | +4.0% |
| 2020 | +46163700.0% | — | +43920900.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1230 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Foundation For Democracy 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 Foundation For Democracy 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $8K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Foundation For Democracy
Is Foundation For Democracy a legitimate charity?
Foundation For Democracy (EIN: 384135221) is a registered tax-exempt nonprofit based in Delaware. It has 5 years of IRS 990 filings on record. Total revenue: $133K. No red flags identified. Financial health grade: B.
How does Foundation For Democracy spend its money?
Foundation For Democracy reported $133K in total revenue in IRS 990 filings. 5 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Foundation For Democracy tax-deductible?
Foundation For Democracy is registered as a tax-exempt nonprofit (EIN: 384135221). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Foundation For Democracy located?
Foundation For Democracy is headquartered in Wilmington, Delaware and files with the IRS under EIN 384135221. It is classified under NTEE code T20.
How many years of IRS 990 filings does Foundation For Democracy have?
Foundation For Democracy has 5 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 $133K in total revenue.
Filing History
IRS 990 filing history for Foundation For Democracy showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Foundation For Democracy's revenue has grown by 1166200%, moving from $1 to $12K. Total assets increased by 41954400% over the same period, from $1 to $420K. In its most recent filing year (2023), Foundation For Democracy reported a deficit of $8K, with expenses exceeding revenue. The organization holds $1 in liabilities against $420K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $420K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12K | $19K | $420K | $1 | — | — |
| 2022 | $11K | $40K | $427K | $1 | — | — |
| 2021 | $26K | $4K | $457K | $1 | — | — |
| 2020 | $462K | $23K | $439K | $1 | — | — |
| 2019 | $1 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12K, expenses of $19K, and assets of $420K (revenue +9.7% year-over-year).
- 2022: Revenue of $11K, expenses of $40K, and assets of $427K (revenue -59.1% year-over-year).
- 2021: Revenue of $26K, expenses of $4K, and assets of $457K (revenue -94.4% year-over-year).
- 2020: Revenue of $462K, expenses of $23K, and assets of $439K (revenue +46163700.0% year-over-year).
- 2019: Revenue of $1, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Foundation For Democracy:
Data Sources and Methodology
This transparency report for Foundation For Democracy 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.