Foundation For Inspiration & Recognition Science & Technology I
EIN: 272657899 · San Antonio, TX · NTEE: P99
| Metric | Value |
|---|---|
| Total Revenue | $3.3M |
| Total Expenses | $3.5M |
| Net Assets | $539K |
Is Foundation For Inspiration & Recognition Science & Technology I 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 Inspiration & Recognition Science & Technology I
Foundation For Inspiration & Recognition Science & Technology I (EIN: 272657899) is a nonprofit organization based in San Antonio, TX, classified under NTEE code P99. The organization reported total revenue of $3.3M and total assets of $885K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foundation For Inspiration & Recognition Science & Technology I's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Foundation For Inspiration & Recognition Science & Technology I is a mid-size nonprofit that has been operating for 3 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 11.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.3M |
| Total Expenses | $3.5M |
| Surplus / Deficit | $-253,039 |
| Total Assets | $885K |
| Total Liabilities | $346K |
| Net Assets | $539K |
| Operating Margin | -7.7% |
| Debt-to-Asset Ratio | 39.1% |
| Months of Reserves | 3.0 months |
Financial Health Grade: B
In 2024, Foundation For Inspiration & Recognition Science & Technology I reported a deficit of $253K with expenses exceeding revenue, holds 3.0 months of operating reserves (adequate), has a debt-to-asset ratio of 39.1% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), Foundation For Inspiration & Recognition Science & Technology I's revenue has grown at a compound annual growth rate (CAGR) of 11.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +19.9% | +29.1% | -10.6% |
| 2023 | +25.1% | +3.8% | +12.9% |
| 2022 | +10.8% | +37.4% | -47.7% |
| 2021 | -19.2% | -6.9% | +14.8% |
| 2020 | -16.8% | -16.0% | +54.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1250 |
| IRS Ruling Date | 2023 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Foundation For Inspiration & Recognition Science & Technology I 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 Inspiration & Recognition Science & Technology I 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $253K, with expenses exceeding revenue.
- Debt-to-asset ratio: 39.1%.
Frequently Asked Questions about Foundation For Inspiration & Recognition Science & Technology I
Is Foundation For Inspiration & Recognition Science & Technology I a legitimate charity?
Foundation For Inspiration & Recognition Science & Technology I (EIN: 272657899) is a registered tax-exempt nonprofit based in Texas. It has 14 years of IRS 990 filings on record. Total revenue: $3.3M. No red flags identified. Financial health grade: B.
How does Foundation For Inspiration & Recognition Science & Technology I spend its money?
Foundation For Inspiration & Recognition Science & Technology I reported $3.3M in total revenue in IRS 990 filings. 14 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 Inspiration & Recognition Science & Technology I tax-deductible?
Foundation For Inspiration & Recognition Science & Technology I is registered as a tax-exempt nonprofit (EIN: 272657899). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Foundation For Inspiration & Recognition Science & Technology I located?
Foundation For Inspiration & Recognition Science & Technology I is headquartered in San Antonio, Texas and files with the IRS under EIN 272657899. It is classified under NTEE code P99.
How many years of IRS 990 filings does Foundation For Inspiration & Recognition Science & Technology I have?
Foundation For Inspiration & Recognition Science & Technology I has 14 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 $3.3M in total revenue.
Filing History
IRS 990 filing history for Foundation For Inspiration & Recognition Science & Technology I showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Foundation For Inspiration & Recognition Science & Technology I's revenue has grown by 305.9%, moving from $807K to $3.3M. Total assets increased by 8640.7% over the same period, from $10K to $885K. Total functional expenses rose by 342.8%, from $797K to $3.5M. In its most recent filing year (2024), Foundation For Inspiration & Recognition Science & Technology I reported a deficit of $253K, with expenses exceeding revenue. The organization holds $346K in liabilities against $885K in assets (debt-to-asset ratio: 39.1%), resulting in net assets of $539K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $3.3M | $3.5M | $885K | $346K | — | — |
| 2023 | $2.7M | $2.7M | $991K | $165K | — | View 990 |
| 2022 | $2.2M | $2.6M | $878K | $51K | — | — |
| 2021 | $2.0M | $1.9M | $1.7M | $398K | — | — |
| 2020 | $2.4M | $2.1M | $1.5M | $322K | — | — |
| 2019 | $2.9M | $2.5M | $947K | $186K | — | View 990 |
| 2018 | $2.2M | $2.3M | $420K | $136K | — | View 990 |
| 2017 | $2.0M | $2.0M | $534K | $162K | — | View 990 |
| 2016 | $1.4M | $1.3M | $446K | $61K | — | View 990 |
| 2015 | $1.4M | $1.2M | $380K | $150K | — | View 990 |
| 2014 | $711K | $624K | $125K | $17K | — | View 990 |
| 2013 | $840K | $835K | $90K | $68K | — | View 990 |
| 2012 | $823K | $821K | $12K | $0 | — | View 990 |
| 2011 | $807K | $797K | $10K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $3.3M, expenses of $3.5M, and assets of $885K (revenue +19.9% year-over-year).
- 2023: Revenue of $2.7M, expenses of $2.7M, and assets of $991K (revenue +25.1% year-over-year).
- 2022: Revenue of $2.2M, expenses of $2.6M, and assets of $878K (revenue +10.8% year-over-year).
- 2021: Revenue of $2.0M, expenses of $1.9M, and assets of $1.7M (revenue -19.2% year-over-year).
- 2020: Revenue of $2.4M, expenses of $2.1M, and assets of $1.5M (revenue -16.8% year-over-year).
- 2019: Revenue of $2.9M, expenses of $2.5M, and assets of $947K (revenue +32.6% year-over-year).
- 2018: Revenue of $2.2M, expenses of $2.3M, and assets of $420K (revenue +9.0% year-over-year).
- 2017: Revenue of $2.0M, expenses of $2.0M, and assets of $534K (revenue +42.0% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.3M, and assets of $446K (revenue +3.7% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.2M, and assets of $380K (revenue +93.5% year-over-year).
- 2014: Revenue of $711K, expenses of $624K, and assets of $125K (revenue -15.3% year-over-year).
- 2013: Revenue of $840K, expenses of $835K, and assets of $90K (revenue +2.0% year-over-year).
- 2012: Revenue of $823K, expenses of $821K, and assets of $12K (revenue +2.0% year-over-year).
- 2011: Revenue of $807K, expenses of $797K, and assets of $10K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Foundation For Inspiration & Recognition Science & Technology I:
Data Sources and Methodology
This transparency report for Foundation For Inspiration & Recognition Science & Technology I 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.