Foundation For Social Connection
EIN: 861322969 · Washington, DC · NTEE: F05
Is Foundation For Social Connection 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 Social Connection
Foundation For Social Connection (EIN: 861322969) is a nonprofit organization based in Washington, DC, classified under NTEE code F05. The organization reported total revenue of $1.6M and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foundation For Social Connection's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Foundation For Social Connection is a mid-size nonprofit that has been operating for 5 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 98.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$82K |
| Total Assets | $609K |
| Total Liabilities | $418K |
| Net Assets | $190K |
| Operating Margin | 6.0% |
| Debt-to-Asset Ratio | 68.7% |
| Months of Reserves | 5.7 months |
Financial Health Grade: A
In 2023, Foundation For Social Connection reported a surplus of $82K with revenue exceeding expenses, holds 5.7 months of operating reserves (adequate), has a debt-to-asset ratio of 68.7% (high leverage).
Financial Trends
Over 2 years of filings (2022–2023), Foundation For Social Connection's revenue has grown at a compound annual growth rate (CAGR) of 98.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +98.3% | +112.6% | +70.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Foundation For Social Connection 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 Social Connection 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 surplus of $82K, with revenue exceeding expenses.
- Debt-to-asset ratio: 68.7%.
Frequently Asked Questions about Foundation For Social Connection
Is Foundation For Social Connection a legitimate charity?
Based on AI analysis of IRS 990 filings, Foundation For Social Connection (EIN: 861322969) insufficient data. 0 red flags identified, 0 strengths noted.
How does Foundation For Social Connection spend its money?
Detailed spending breakdown data is not yet available for Foundation For Social Connection. Check back for updated IRS 990 analysis.
Are donations to Foundation For Social Connection tax-deductible?
Foundation For Social Connection is registered as a tax-exempt nonprofit (EIN: 861322969). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Foundation For Social Connection showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Foundation For Social Connection's revenue has grown by 98.3%, moving from $691K to $1.4M. Total assets increased by 70.1% over the same period, from $358K to $609K. Total functional expenses rose by 112.6%, from $605K to $1.3M. In its most recent filing year (2023), Foundation For Social Connection reported a surplus of $82K, with revenue exceeding expenses. The organization holds $418K in liabilities against $609K in assets (debt-to-asset ratio: 68.7%), resulting in net assets of $190K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $1.3M | $609K | $418K | — | — |
| 2022 | $691K | $605K | $358K | $250K | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Foundation For Social Connection:
Data Sources and Methodology
This transparency report for Foundation For Social Connection 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.