Foundation For Health Equity
Foundation For Health Equity maintains substantial assets with zero reported officer compensation, despite fluctuating annual revenues and occasional deficit spending.
EIN: 201232493 · Philadelphia, PA · NTEE: T202 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $1.3M |
| Program Spending | 90% |
| Net Assets | $16.3M |
| Transparency Score | 92/100 |
Is Foundation For Health Equity Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Foundation For Health Equity directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Foundation For Health Equity
Foundation For Health Equity (EIN: 201232493) is a nonprofit organization based in Philadelphia, PA, classified under NTEE code T202. The organization reported total revenue of $1.5M and total assets of $18.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foundation For Health Equity's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Foundation For Health Equity is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $881K |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-457,305 |
| Total Assets | $16.6M |
| Total Liabilities | $294K |
| Net Assets | $16.3M |
| Operating Margin | -51.9% |
| Debt-to-Asset Ratio | 1.8% |
| Months of Reserves | 149.2 months |
Financial Health Grade: B
In 2023, Foundation For Health Equity reported a deficit of $457K with expenses exceeding revenue, holds 149.2 months of operating reserves (strong position), has a debt-to-asset ratio of 1.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Foundation For Health Equity's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -29.8% | -10.4% | +3.1% |
| 2022 | -2.3% | +26.2% | -20.0% |
| 2021 | +75.0% | +26.9% | +19.7% |
| 2020 | -47.6% | +17.1% | +0.6% |
| 2019 | +78.1% | -14.5% | +2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Health Equity with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Foundation For Health Equity allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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:
- The organization reported a deficit of $457K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.8%.
Executive Compensation Analysis
The Foundation For Health Equity consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a volunteer-led executive structure or that compensation is covered by other means, which is highly favorable for directing funds to the mission.
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 Health Equity's IRS 990 filings:
- Consistent deficit spending in recent years (e.g., 2023, 2022, 2020, 2018, 2016, 2015, 2014) could indicate reliance on asset drawdowns without sufficient new revenue generation to cover expenses.
Strengths
The following positive indicators were identified for Foundation For Health Equity:
- Zero reported officer compensation across all filings demonstrates exceptional financial efficiency and dedication to mission.
- Substantial and stable asset base (e.g., $18,570,191 latest assets) provides long-term financial security and capacity for grantmaking.
- Consistent filing history (13 filings) indicates strong transparency and compliance with IRS regulations.
- Low liabilities relative to assets (e.g., $294,179 liabilities vs. $16,641,367 assets in 2023) suggests sound financial management and minimal debt burden.
Frequently Asked Questions about Foundation For Health Equity
Is Foundation For Health Equity a legitimate charity?
Based on AI analysis of IRS 990 filings, Foundation For Health Equity (EIN: 201232493) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Foundation For Health Equity spend its money?
Foundation For Health Equity directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Foundation For Health Equity tax-deductible?
Foundation For Health Equity is registered as a tax-exempt nonprofit (EIN: 201232493). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Foundation For Health Equity's spending goes to programs?
Foundation For Health Equity directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Foundation For Health Equity compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Foundation For Health Equity is above average for NTEE category T202 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Foundation For Health Equity located?
Foundation For Health Equity is headquartered in Philadelphia, Pennsylvania and files with the IRS under EIN 201232493. It is classified under NTEE code T202.
How many years of IRS 990 filings does Foundation For Health Equity have?
Foundation For Health Equity 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 $1.5M in total revenue.
How does the Foundation For Health Equity sustain operations with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based, or that executive functions are fulfilled by staff whose roles are not classified as 'officer' for compensation reporting, or that compensation is covered by a related entity. This practice significantly reduces administrative overhead.
What is the long-term strategy for managing revenue fluctuations and occasional deficit spending?
Given its substantial asset base (e.g., $18,570,191 latest assets), the Foundation likely operates as an endowment-based organization, drawing from its investments to fund programs. Occasional deficit spending, such as in 2023 ($880,827 revenue vs. $1,338,132 expenses), would be covered by these assets, indicating a planned use of capital rather than a sign of financial distress.
What is the specific breakdown of program spending given the NTEE code T202 (Foundations & Fund Raising Organizations)?
As a foundation, its 'program' spending would primarily consist of grants and contributions made to other organizations aligned with health equity, rather than direct service delivery. Further detail would require examining Schedule I of the 990 form.
Filing History
IRS 990 filing history for Foundation For Health Equity showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Foundation For Health Equity's revenue has grown by 24.2%, moving from $709K to $881K. Total assets decreased by 31.1% over the same period, from $24.2M to $16.6M. Total functional expenses rose by 1.7%, from $1.3M to $1.3M. In its most recent filing year (2023), Foundation For Health Equity reported a deficit of $457K, with expenses exceeding revenue. The organization holds $294K in liabilities against $16.6M in assets (debt-to-asset ratio: 1.8%), resulting in net assets of $16.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $881K | $1.3M | $16.6M | $294K | — | View 990 |
| 2022 | $1.3M | $1.5M | $16.1M | $226K | — | View 990 |
| 2021 | $1.3M | $1.2M | $20.2M | $244K | — | View 990 |
| 2020 | $734K | $932K | $16.9M | $271K | — | View 990 |
| 2019 | $1.4M | $796K | $16.8M | $52K | — | View 990 |
| 2018 | $787K | $931K | $16.4M | $64K | — | View 990 |
| 2017 | $911K | $870K | $15.9M | $102K | — | View 990 |
| 2016 | $655K | $879K | $15.0M | $86K | — | View 990 |
| 2015 | $792K | $805K | $15.8M | $98K | — | View 990 |
| 2014 | $758K | $989K | $18.2M | $110K | — | View 990 |
| 2013 | $772K | $955K | $20.3M | $91K | — | View 990 |
| 2012 | $929K | $1.2M | $19.5M | $94K | — | View 990 |
| 2011 | $709K | $1.3M | $24.2M | $2.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $881K, expenses of $1.3M, and assets of $16.6M (revenue -29.8% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.5M, and assets of $16.1M (revenue -2.3% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.2M, and assets of $20.2M (revenue +75.0% year-over-year).
- 2020: Revenue of $734K, expenses of $932K, and assets of $16.9M (revenue -47.6% year-over-year).
- 2019: Revenue of $1.4M, expenses of $796K, and assets of $16.8M (revenue +78.1% year-over-year).
- 2018: Revenue of $787K, expenses of $931K, and assets of $16.4M (revenue -13.7% year-over-year).
- 2017: Revenue of $911K, expenses of $870K, and assets of $15.9M (revenue +39.2% year-over-year).
- 2016: Revenue of $655K, expenses of $879K, and assets of $15.0M (revenue -17.4% year-over-year).
- 2015: Revenue of $792K, expenses of $805K, and assets of $15.8M (revenue +4.5% year-over-year).
- 2014: Revenue of $758K, expenses of $989K, and assets of $18.2M (revenue -1.8% year-over-year).
- 2013: Revenue of $772K, expenses of $955K, and assets of $20.3M (revenue -16.9% year-over-year).
- 2012: Revenue of $929K, expenses of $1.2M, and assets of $19.5M (revenue +30.9% year-over-year).
- 2011: Revenue of $709K, expenses of $1.3M, and assets of $24.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Foundation For Health Equity:
Data Sources and Methodology
This transparency report for Foundation For Health Equity 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.