Foundation For Essential Needs
EIN: 274342240 · Minneapolis, MN · NTEE: P12
| Metric | Value |
|---|---|
| Total Revenue | $464K |
| Total Expenses | $1.0M |
| Net Assets | $461K |
Is Foundation For Essential Needs 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 Essential Needs
Foundation For Essential Needs (EIN: 274342240) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code P12. The organization reported total revenue of $464K and total assets of $519K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foundation For Essential Needs's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Foundation For Essential Needs is a small nonprofit that has been operating for 15 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 27.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $944K |
| Total Expenses | $1.0M |
| Surplus / Deficit | $-73,743 |
| Total Assets | $532K |
| Total Liabilities | $71K |
| Net Assets | $461K |
| Operating Margin | -7.8% |
| Debt-to-Asset Ratio | 13.4% |
| Months of Reserves | 6.3 months |
Financial Health Grade: B
In 2023, Foundation For Essential Needs reported a deficit of $74K with expenses exceeding revenue, holds 6.3 months of operating reserves (strong position), has a debt-to-asset ratio of 13.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Foundation For Essential Needs's revenue has grown at a compound annual growth rate (CAGR) of 27.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.9% | +17.8% | -25.9% |
| 2022 | +82.1% | +56.0% | +58.6% |
| 2021 | +546.8% | +539.5% | +31.7% |
| 2020 | -56.7% | -36.7% | -4.1% |
| 2019 | +90.6% | +91.1% | +42.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Foundation For Essential Needs 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 Essential Needs 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 $74K, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.4%.
Frequently Asked Questions about Foundation For Essential Needs
Is Foundation For Essential Needs a legitimate charity?
Based on AI analysis of IRS 990 filings, Foundation For Essential Needs (EIN: 274342240) insufficient data. 0 red flags identified, 0 strengths noted.
How does Foundation For Essential Needs spend its money?
Detailed spending breakdown data is not yet available for Foundation For Essential Needs. Check back for updated IRS 990 analysis.
Are donations to Foundation For Essential Needs tax-deductible?
Foundation For Essential Needs is registered as a tax-exempt nonprofit (EIN: 274342240). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Foundation For Essential Needs located?
Foundation For Essential Needs is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 274342240. It is classified under NTEE code P12.
How many years of IRS 990 filings does Foundation For Essential Needs have?
Foundation For Essential Needs 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 $464K in total revenue.
Filing History
IRS 990 filing history for Foundation For Essential Needs showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Foundation For Essential Needs's revenue has grown by 1701%, moving from $52K to $944K. Total assets increased by 152.2% over the same period, from $211K to $532K. Total functional expenses rose by 9556.2%, from $11K to $1.0M. In its most recent filing year (2023), Foundation For Essential Needs reported a deficit of $74K, with expenses exceeding revenue. The organization holds $71K in liabilities against $532K in assets (debt-to-asset ratio: 13.4%), resulting in net assets of $461K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $944K | $1.0M | $532K | $71K | — | View 990 |
| 2022 | $1.1M | $864K | $718K | $220K | — | View 990 |
| 2021 | $582K | $554K | $453K | $18K | — | View 990 |
| 2020 | $90K | $87K | $344K | $942 | — | View 990 |
| 2019 | $208K | $137K | $358K | $4K | — | View 990 |
| 2018 | $109K | $72K | $252K | $1K | — | View 990 |
| 2017 | $139K | $158K | $242K | $0 | — | View 990 |
| 2016 | $172K | $198K | $242K | $9K | — | View 990 |
| 2015 | $113K | $144K | $249K | $2K | — | View 990 |
| 2014 | $63K | $47K | $288K | $2K | — | View 990 |
| 2013 | $51K | $33K | $274K | $7K | — | View 990 |
| 2012 | $51K | $13K | $249K | $0 | — | View 990 |
| 2011 | $52K | $11K | $211K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $944K, expenses of $1.0M, and assets of $532K (revenue -10.9% year-over-year).
- 2022: Revenue of $1.1M, expenses of $864K, and assets of $718K (revenue +82.1% year-over-year).
- 2021: Revenue of $582K, expenses of $554K, and assets of $453K (revenue +546.8% year-over-year).
- 2020: Revenue of $90K, expenses of $87K, and assets of $344K (revenue -56.7% year-over-year).
- 2019: Revenue of $208K, expenses of $137K, and assets of $358K (revenue +90.6% year-over-year).
- 2018: Revenue of $109K, expenses of $72K, and assets of $252K (revenue -21.3% year-over-year).
- 2017: Revenue of $139K, expenses of $158K, and assets of $242K (revenue -19.3% year-over-year).
- 2016: Revenue of $172K, expenses of $198K, and assets of $242K (revenue +52.4% year-over-year).
- 2015: Revenue of $113K, expenses of $144K, and assets of $249K (revenue +80.3% year-over-year).
- 2014: Revenue of $63K, expenses of $47K, and assets of $288K (revenue +22.6% year-over-year).
- 2013: Revenue of $51K, expenses of $33K, and assets of $274K (revenue +0.8% year-over-year).
- 2012: Revenue of $51K, expenses of $13K, and assets of $249K (revenue -3.5% year-over-year).
- 2011: Revenue of $52K, expenses of $11K, and assets of $211K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Foundation For Essential Needs:
Data Sources and Methodology
This transparency report for Foundation For Essential Needs 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.