Foundation For West Africa
Foundation For West Africa faces recurring deficits and growing liabilities despite zero officer compensation.
EIN: 202863281 · Barrington, RI · NTEE: P12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $13K |
| Total Expenses | $22K |
| Program Spending | 80% |
| Net Assets | $-47,372 |
| Transparency Score | 45/100 |
Is Foundation For West Africa Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Foundation For West Africa directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Foundation For West Africa
Foundation For West Africa (EIN: 202863281) is a nonprofit organization based in Barrington, RI, classified under NTEE code P12. The organization reported total revenue of $13K and total assets of $14K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foundation For West Africa's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Foundation For West Africa is a micro nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -14.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10K |
| Total Expenses | $22K |
| Surplus / Deficit | $-11,745 |
| Total Assets | $14K |
| Total Liabilities | $61K |
| Net Assets | $-47,372 |
| Operating Margin | -115.3% |
| Debt-to-Asset Ratio | 437.9% |
| Months of Reserves | 7.7 months |
Financial Health Grade: C
In 2023, Foundation For West Africa reported a deficit of $12K with expenses exceeding revenue, holds 7.7 months of operating reserves (strong position), has a debt-to-asset ratio of 437.9% (high leverage).
Financial Trends
Over 12 years of filings (2011–2023), Foundation For West Africa's revenue has declined at a compound annual growth rate (CAGR) of -14.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -33.6% | +115.6% | -41.3% |
| 2022 | -70.1% | -71.0% | -28.5% |
| 2020 | +181.4% | -64.3% | +117.9% |
| 2019 | -70.8% | +80.9% | -83.6% |
| 2018 | +62.1% | -44.0% | +11.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 West Africa with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Foundation For West Africa allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $12K, with expenses exceeding revenue.
- Debt-to-asset ratio: 437.9%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no funds are allocated to officer salaries, which is commendable for an organization of its size.
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 West Africa's IRS 990 filings:
- Recurring deficits where expenses significantly exceed revenue (e.g., 2023, 2019, 2017).
- Liabilities consistently outweighing assets, indicating potential insolvency ($61,393 liabilities vs. $14,021 assets in 2023).
- Highly inconsistent revenue streams over the past decade, making financial planning challenging.
Strengths
The following positive indicators were identified for Foundation For West Africa:
- Consistent reporting of 0% officer compensation, ensuring funds are not diverted to executive salaries.
- Long filing history (12 filings) indicates consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Foundation For West Africa
Is Foundation For West Africa a legitimate charity?
Based on AI analysis of IRS 990 filings, Foundation For West Africa (EIN: 202863281) significant concerns. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
How does Foundation For West Africa spend its money?
Foundation For West Africa directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Foundation For West Africa tax-deductible?
Foundation For West Africa is registered as a tax-exempt nonprofit (EIN: 202863281). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Foundation For West Africa's spending goes to programs?
Foundation For West Africa directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Foundation For West Africa compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Foundation For West Africa is near average for NTEE category P12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Foundation For West Africa located?
Foundation For West Africa is headquartered in Barrington, Rhode Island and files with the IRS under EIN 202863281. It is classified under NTEE code P12.
How many years of IRS 990 filings does Foundation For West Africa have?
Foundation For West Africa has 12 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 $13K in total revenue.
Is Foundation For West Africa financially stable?
The Foundation For West Africa shows signs of financial instability, with expenses frequently exceeding revenue (e.g., $10,188 revenue vs. $21,933 expenses in 2023) and liabilities consistently growing, reaching $61,393 in 2023 against assets of $14,021.
How does the organization manage its liabilities?
The organization's liabilities have steadily increased over the years, from $50,113 in 2017 to $61,393 in 2023, significantly exceeding its assets. This suggests a potential reliance on debt or other obligations to sustain operations.
What is the trend in the organization's revenue?
Revenue has been highly volatile, ranging from a low of $10,188 in 2023 to a high of $97,989 in 2014, with no clear upward or downward trend, making future revenue projections difficult.
Filing History
IRS 990 filing history for Foundation For West Africa showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Foundation For West Africa's revenue has declined by 84%, moving from $64K to $10K. Total assets decreased by 26.8% over the same period, from $19K to $14K. Total functional expenses fell by 62%, from $58K to $22K. In its most recent filing year (2023), Foundation For West Africa reported a deficit of $12K, with expenses exceeding revenue. The organization holds $61K in liabilities against $14K in assets (debt-to-asset ratio: 437.9%), resulting in net assets of $-47,372.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10K | $22K | $14K | $61K | — | — |
| 2022 | $15K | $10K | $24K | $60K | — | View 990 |
| 2020 | $51K | $35K | $33K | $56K | — | View 990 |
| 2019 | $18K | $98K | $15K | $54K | — | View 990 |
| 2018 | $62K | $54K | $93K | $52K | — | View 990 |
| 2017 | $38K | $97K | $83K | $50K | — | View 990 |
| 2016 | $90K | $15K | $140K | $48K | — | View 990 |
| 2015 | $28K | $46K | $73K | $58K | — | View 990 |
| 2014 | $98K | $30K | $90K | $57K | — | View 990 |
| 2013 | $19K | $26K | $23K | $58K | — | View 990 |
| 2012 | $31K | $20K | $33K | $61K | — | View 990 |
| 2011 | $64K | $58K | $19K | $59K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10K, expenses of $22K, and assets of $14K (revenue -33.6% year-over-year).
- 2022: Revenue of $15K, expenses of $10K, and assets of $24K (revenue -70.1% year-over-year).
- 2020: Revenue of $51K, expenses of $35K, and assets of $33K (revenue +181.4% year-over-year).
- 2019: Revenue of $18K, expenses of $98K, and assets of $15K (revenue -70.8% year-over-year).
- 2018: Revenue of $62K, expenses of $54K, and assets of $93K (revenue +62.1% year-over-year).
- 2017: Revenue of $38K, expenses of $97K, and assets of $83K (revenue -57.1% year-over-year).
- 2016: Revenue of $90K, expenses of $15K, and assets of $140K (revenue +224.4% year-over-year).
- 2015: Revenue of $28K, expenses of $46K, and assets of $73K (revenue -71.8% year-over-year).
- 2014: Revenue of $98K, expenses of $30K, and assets of $90K (revenue +410.9% year-over-year).
- 2013: Revenue of $19K, expenses of $26K, and assets of $23K (revenue -38.5% year-over-year).
- 2012: Revenue of $31K, expenses of $20K, and assets of $33K (revenue -50.9% year-over-year).
- 2011: Revenue of $64K, expenses of $58K, and assets of $19K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Foundation For West Africa:
Data Sources and Methodology
This transparency report for Foundation For West Africa 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.