Foundation For Tomorrow
Foundation For Tomorrow frequently operates at a deficit, with expenses exceeding revenue in recent years.
EIN: 205970104 · Charlotte, NC · NTEE: B82 · Updated: 2026-03-28
Is Foundation For Tomorrow Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Foundation For Tomorrow directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Foundation For Tomorrow
Foundation For Tomorrow (EIN: 205970104) is a nonprofit organization based in Charlotte, NC, classified under NTEE code B82. The organization reported total revenue of $1.1M and total assets of $172K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foundation For Tomorrow's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Foundation For Tomorrow is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-26,960 |
| Total Assets | $159K |
| Total Liabilities | $150K |
| Net Assets | $9K |
| Operating Margin | -2.1% |
| Debt-to-Asset Ratio | 94.5% |
| Months of Reserves | 1.5 months |
Financial Health Grade: D
In 2023, Foundation For Tomorrow reported a deficit of $27K with expenses exceeding revenue, holds 1.5 months of operating reserves (limited), has a debt-to-asset ratio of 94.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Foundation For Tomorrow's revenue has grown at a compound annual growth rate (CAGR) of 10.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.0% | -15.0% | -16.4% |
| 2022 | +20.2% | +82.2% | -54.2% |
| 2021 | +33.9% | -0.9% | +23.5% |
| 2020 | -27.8% | +19.3% | -19.4% |
| 2019 | +67.3% | +20.8% | +528.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Tomorrow 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 Tomorrow 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $27K, with expenses exceeding revenue.
- Debt-to-asset ratio: 94.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all 13 filings, indicating that no salaries or other compensation are paid to its officers, which is highly unusual for an organization with over $1 million in annual revenue.
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 Tomorrow's IRS 990 filings:
- Recurring net deficits, with expenses exceeding revenue in multiple recent years (e.g., $26,960 in 2023, $324,456 in 2022).
- High liabilities relative to assets in some periods (e.g., $149,745 liabilities vs. $158,521 assets in 2023).
- Significant fluctuations in asset levels, indicating potential instability in financial reserves.
Strengths
The following positive indicators were identified for Foundation For Tomorrow:
- Consistent revenue generation, often exceeding $1 million annually.
- Zero reported officer compensation across all filings, indicating a commitment to minimizing executive overhead.
- Strong filing compliance with 13 IRS 990 filings available.
Frequently Asked Questions about Foundation For Tomorrow
Is Foundation For Tomorrow a legitimate charity?
Based on AI analysis of IRS 990 filings, Foundation For Tomorrow (EIN: 205970104) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Foundation For Tomorrow spend its money?
Foundation For Tomorrow directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Foundation For Tomorrow tax-deductible?
Foundation For Tomorrow is registered as a tax-exempt nonprofit (EIN: 205970104). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Foundation For Tomorrow financially sustainable given its recurring deficits?
The organization has experienced deficits in multiple recent years, including $26,960 in 2023 and $324,456 in 2022. This trend raises concerns about its long-term financial sustainability if not addressed through increased revenue or reduced expenses.
How does Foundation For Tomorrow manage its liabilities?
Liabilities have fluctuated significantly, reaching $149,745 in 2023, which is nearly equivalent to its assets of $158,521. This high liability-to-asset ratio suggests potential financial strain.
What is the impact of zero officer compensation on the organization's operations?
The consistent reporting of 0% officer compensation is highly unusual for an organization of this size. While it suggests a commitment to minimizing overhead, it could also indicate reliance on volunteer leadership or external support, which might have implications for operational capacity and professional management.
Filing History
IRS 990 filing history for Foundation For Tomorrow showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Foundation For Tomorrow's revenue has grown by 233.8%, moving from $376K to $1.3M. Total assets increased by 223.2% over the same period, from $49K to $159K. Total functional expenses rose by 307.9%, from $315K to $1.3M. In its most recent filing year (2023), Foundation For Tomorrow reported a deficit of $27K, with expenses exceeding revenue. The organization holds $150K in liabilities against $159K in assets (debt-to-asset ratio: 94.5%), resulting in net assets of $9K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.3M | $159K | $150K | — | — |
| 2022 | $1.2M | $1.5M | $190K | $154K | — | — |
| 2021 | $987K | $829K | $414K | $54K | — | View 990 |
| 2020 | $737K | $836K | $335K | $133K | — | View 990 |
| 2019 | $1.0M | $701K | $416K | $115K | — | View 990 |
| 2018 | $610K | $580K | $66K | $85K | — | View 990 |
| 2017 | $533K | $710K | $89K | $138K | — | — |
| 2016 | $742K | $762K | $216K | $88K | — | View 990 |
| 2015 | $625K | $614K | $236K | $87K | — | View 990 |
| 2014 | $488K | $518K | $140K | $2K | — | View 990 |
| 2013 | $430K | $405K | $168K | $0 | — | View 990 |
| 2012 | $456K | $375K | $115K | $0 | — | View 990 |
| 2011 | $376K | $315K | $49K | $15K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.3M, and assets of $159K (revenue +6.0% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.5M, and assets of $190K (revenue +20.2% year-over-year).
- 2021: Revenue of $987K, expenses of $829K, and assets of $414K (revenue +33.9% year-over-year).
- 2020: Revenue of $737K, expenses of $836K, and assets of $335K (revenue -27.8% year-over-year).
- 2019: Revenue of $1.0M, expenses of $701K, and assets of $416K (revenue +67.3% year-over-year).
- 2018: Revenue of $610K, expenses of $580K, and assets of $66K (revenue +14.5% year-over-year).
- 2017: Revenue of $533K, expenses of $710K, and assets of $89K (revenue -28.2% year-over-year).
- 2016: Revenue of $742K, expenses of $762K, and assets of $216K (revenue +18.8% year-over-year).
- 2015: Revenue of $625K, expenses of $614K, and assets of $236K (revenue +28.0% year-over-year).
- 2014: Revenue of $488K, expenses of $518K, and assets of $140K (revenue +13.6% year-over-year).
- 2013: Revenue of $430K, expenses of $405K, and assets of $168K (revenue -5.8% year-over-year).
- 2012: Revenue of $456K, expenses of $375K, and assets of $115K (revenue +21.2% year-over-year).
- 2011: Revenue of $376K, expenses of $315K, and assets of $49K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Foundation For Tomorrow:
Data Sources and Methodology
This transparency report for Foundation For Tomorrow 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.