Foundation For The Realization Of Human Potential Nfp
Foundation For The Realization Of Human Potential Nfp faces significant operating deficits and increasing liabilities despite substantial assets.
EIN: 208991580 · Chicago, IL · NTEE: B82 · Updated: 2026-03-28
Is Foundation For The Realization Of Human Potential Nfp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Foundation For The Realization Of Human Potential Nfp directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Foundation For The Realization Of Human Potential Nfp
Foundation For The Realization Of Human Potential Nfp (EIN: 208991580) is a nonprofit organization based in Chicago, IL, classified under NTEE code B82. The organization reported total revenue of $2.9M and total assets of $4.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foundation For The Realization Of Human Potential Nfp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Foundation For The Realization Of Human Potential Nfp with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Foundation For The Realization Of Human Potential Nfp allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly favorable for an organization of its size with annual revenues often exceeding $2 million.
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 The Realization Of Human Potential Nfp's IRS 990 filings:
- Significant operating deficits in recent years (e.g., $3,048,520 loss in 2023).
- Sharp increase in liabilities from $152,836 in 2022 to $2,055,493 in 2023.
- Revenue decline from $5,977,702 in 2022 to $2,260,573 in 2023, while expenses remained high.
Strengths
The following positive indicators were identified for Foundation For The Realization Of Human Potential Nfp:
- Consistent reporting of 0% officer compensation, indicating low executive overhead.
- Maintained substantial assets ($4,827,315 in 2023) despite recent financial challenges.
- Long filing history (12 filings) suggests established operations.
Frequently Asked Questions about Foundation For The Realization Of Human Potential Nfp
Is Foundation For The Realization Of Human Potential Nfp a legitimate charity?
Based on AI analysis of IRS 990 filings, Foundation For The Realization Of Human Potential Nfp (EIN: 208991580) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Foundation For The Realization Of Human Potential Nfp spend its money?
Foundation For The Realization Of Human Potential Nfp directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Foundation For The Realization Of Human Potential Nfp tax-deductible?
Foundation For The Realization Of Human Potential Nfp is registered as a tax-exempt nonprofit (EIN: 208991580). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Foundation For The Realization Of Human Potential Nfp financially sustainable given recent deficits?
The organization has reported significant operating deficits in 2023 (expenses $5,309,093 vs. revenue $2,260,573) and 2022 (expenses $6,532,185 vs. revenue $5,977,702). While it holds substantial assets ($4,827,315 in 2023), the increasing liabilities ($2,055,493 in 2023) suggest a need for improved financial management to ensure long-term sustainability.
What caused the sharp increase in liabilities from 2022 to 2023?
Liabilities increased dramatically from $152,836 in 2022 to $2,055,493 in 2023. This significant jump, coupled with the operating deficit, indicates potential financial strain or a major change in financial structure that would require further investigation into the detailed 990 forms.
How does the organization fund its operations without officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that executive leadership may be volunteer-based or compensated through other means not classified as officer compensation, which is a notable aspect of its operational model.
Filing History
IRS 990 filing history for Foundation For The Realization Of Human Potential Nfp showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Foundation For The Realization Of Human Potential Nfp's revenue has grown by 6364.5%, moving from $35K to $2.3M. Total assets increased by 837.1% over the same period, from $515K to $4.8M. Total functional expenses rose by 9158.2%, from $57K to $5.3M. In its most recent filing year (2023), Foundation For The Realization Of Human Potential Nfp reported a deficit of $3.0M, with expenses exceeding revenue. The organization holds $2.1M in liabilities against $4.8M in assets (debt-to-asset ratio: 42.6%), resulting in net assets of $2.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.3M | $5.3M | $4.8M | $2.1M | — | — |
| 2022 | $6.0M | $6.5M | $6.5M | $153K | — | — |
| 2021 | $5.7M | $5.5M | $6.5M | $170K | — | View 990 |
| 2019 | $5.4M | $4.7M | $5.1M | $211K | — | View 990 |
| 2018 | $4.3M | $4.0M | $4.6M | $428K | — | View 990 |
| 2017 | $3.8M | $3.7M | $4.0M | $116K | — | View 990 |
| 2016 | $3.8M | $3.8M | $3.9M | $102K | — | View 990 |
| 2015 | $1.8M | $822K | $3.9M | $140K | — | View 990 |
| 2014 | $801K | $840K | $3.6M | $929K | — | View 990 |
| 2013 | $1.4M | $637K | $3.7M | $942K | — | View 990 |
| 2012 | $1.9M | $489K | $3.9M | $2.0M | — | View 990 |
| 2011 | $35K | $57K | $515K | $20K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.3M, expenses of $5.3M, and assets of $4.8M (revenue -62.2% year-over-year).
- 2022: Revenue of $6.0M, expenses of $6.5M, and assets of $6.5M (revenue +4.4% year-over-year).
- 2021: Revenue of $5.7M, expenses of $5.5M, and assets of $6.5M (revenue +5.8% year-over-year).
- 2019: Revenue of $5.4M, expenses of $4.7M, and assets of $5.1M (revenue +25.8% year-over-year).
- 2018: Revenue of $4.3M, expenses of $4.0M, and assets of $4.6M (revenue +12.2% year-over-year).
- 2017: Revenue of $3.8M, expenses of $3.7M, and assets of $4.0M (revenue +0.3% year-over-year).
- 2016: Revenue of $3.8M, expenses of $3.8M, and assets of $3.9M (revenue +109.0% year-over-year).
- 2015: Revenue of $1.8M, expenses of $822K, and assets of $3.9M (revenue +128.5% year-over-year).
- 2014: Revenue of $801K, expenses of $840K, and assets of $3.6M (revenue -44.6% year-over-year).
- 2013: Revenue of $1.4M, expenses of $637K, and assets of $3.7M (revenue -25.5% year-over-year).
- 2012: Revenue of $1.9M, expenses of $489K, and assets of $3.9M (revenue +5447.3% year-over-year).
- 2011: Revenue of $35K, expenses of $57K, and assets of $515K.
Data Sources and Methodology
This transparency report for Foundation For The Realization Of Human Potential Nfp 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.