Foundations A Place For Education And Recovery Inc
Foundations A Place For Education And Recovery Inc shows recent revenue growth and no executive compensation.
EIN: 161758858 · Canton, OH · NTEE: F33 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $461K |
| Total Expenses | $338K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $400,000, |
| Net Assets | $95K |
| Transparency Score | 85/100 |
Is Foundations A Place For Education And Recovery Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Foundations A Place For Education And Recovery Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Foundations A Place For Education And Recovery Inc
Foundations A Place For Education And Recovery Inc (EIN: 161758858) is a nonprofit organization based in Canton, OH, classified under NTEE code F33. The organization reported total revenue of $461K and total assets of $112K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foundations A Place For Education And Recovery Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Foundations A Place For Education And Recovery Inc is a small 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 7.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $402K |
| Total Expenses | $338K |
| Surplus / Deficit | +$65K |
| Total Assets | $187K |
| Total Liabilities | $92K |
| Net Assets | $95K |
| Operating Margin | 16.0% |
| Debt-to-Asset Ratio | 49.2% |
| Months of Reserves | 6.7 months |
Financial Health Grade: A
In 2023, Foundations A Place For Education And Recovery Inc reported a surplus of $65K with revenue exceeding expenses, holds 6.7 months of operating reserves (strong position), has a debt-to-asset ratio of 49.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Foundations A Place For Education And Recovery Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +53.7% | +39.1% | +282.4% |
| 2022 | +1.4% | -18.9% | +30.1% |
| 2021 | -14.4% | +7.4% | -45.3% |
| 2020 | -5.3% | -14.2% | +47.4% |
| 2019 | -8.3% | -18.5% | -11.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Foundations A Place For Education And Recovery Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Foundations A Place For Education And Recovery Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 surplus of $65K, with revenue exceeding expenses.
- Debt-to-asset ratio: 49.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization. This is highly unusual for an organization of its size, with recent revenues exceeding $400,000, and suggests a volunteer-led or extremely lean operational model.
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 Foundations A Place For Education And Recovery Inc's IRS 990 filings:
- Lack of detailed program spending breakdown in provided data
- Unusually low liabilities relative to assets in some periods, potentially indicating minimal operational debt or reliance on external funding
Strengths
The following positive indicators were identified for Foundations A Place For Education And Recovery Inc:
- Consistent 0% officer compensation, indicating high efficiency
- Positive revenue growth trend, with 202306 revenue at $402,190, up from $261,603 in 202206
- Significant increase in assets to $187,314 in 202306, demonstrating financial stability
- Consistent IRS 990 filing history over 13 periods, indicating transparency
- Positive net income in recent periods (e.g., $402,190 revenue vs. $337,664 expenses in 202306)
Frequently Asked Questions about Foundations A Place For Education And Recovery Inc
Is Foundations A Place For Education And Recovery Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Foundations A Place For Education And Recovery Inc (EIN: 161758858) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does Foundations A Place For Education And Recovery Inc spend its money?
Foundations A Place For Education And Recovery Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Foundations A Place For Education And Recovery Inc tax-deductible?
Foundations A Place For Education And Recovery Inc is registered as a tax-exempt nonprofit (EIN: 161758858). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Foundations A Place For Education And Recovery Inc CEO make?
Foundations A Place For Education And Recovery Inc's highest-compensated officer earns $400,000, annually. The organization reported $461K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Foundations A Place For Education And Recovery Inc's spending goes to programs?
Foundations A Place For Education And Recovery Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Foundations A Place For Education And Recovery Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Foundations A Place For Education And Recovery Inc is above average for NTEE category F33 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Foundations A Place For Education And Recovery Inc located?
Foundations A Place For Education And Recovery Inc is headquartered in Canton, Ohio and files with the IRS under EIN 161758858. It is classified under NTEE code F33.
How many years of IRS 990 filings does Foundations A Place For Education And Recovery Inc have?
Foundations A Place For Education And Recovery Inc has 13 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 $461K in total revenue.
Is Foundations A Place For Education And Recovery Inc a good charity?
Based on the available data, the organization appears to be a good charity, particularly due to its strong financial efficiency with 0% officer compensation and recent positive financial trends. Its consistent IRS 990 filings also demonstrate transparency.
How has the organization's financial health changed over time?
The organization has shown fluctuating but generally stable financial health. After a dip in assets in 202106 ($37,643), it has seen significant growth, reaching $187,314 in assets by 202306. Revenue has also shown an upward trend, from $203,982 in 201406 to $402,190 in 202306.
What is the significance of 0% officer compensation?
0% officer compensation means that no salaries are paid to the organization's officers or key employees. This is a significant indicator of financial efficiency, as it implies that a very high percentage of donations and revenue can be directed towards program services rather than administrative overhead related to executive salaries.
Filing History
IRS 990 filing history for Foundations A Place For Education And Recovery Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Foundations A Place For Education And Recovery Inc's revenue has grown by 132.5%, moving from $173K to $402K. Total assets increased by 1879.2% over the same period, from $9K to $187K. Total functional expenses rose by 95.8%, from $172K to $338K. In its most recent filing year (2023), Foundations A Place For Education And Recovery Inc reported a surplus of $65K, with revenue exceeding expenses. The organization holds $92K in liabilities against $187K in assets (debt-to-asset ratio: 49.2%), resulting in net assets of $95K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $402K | $338K | $187K | $92K | — | — |
| 2022 | $262K | $243K | $49K | $18K | — | View 990 |
| 2021 | $258K | $300K | $38K | $26K | — | View 990 |
| 2020 | $301K | $279K | $69K | $6K | — | View 990 |
| 2019 | $318K | $325K | $47K | $7K | — | View 990 |
| 2018 | $347K | $399K | $53K | $6K | — | View 990 |
| 2017 | $405K | $382K | $108K | $10K | — | View 990 |
| 2016 | $326K | $302K | $83K | $8K | — | View 990 |
| 2015 | $286K | $247K | $60K | $9K | — | View 990 |
| 2014 | $204K | $196K | $21K | $9K | — | View 990 |
| 2013 | $189K | $184K | $15K | $11K | — | View 990 |
| 2012 | $175K | $174K | $7K | $8K | — | View 990 |
| 2011 | $173K | $172K | $9K | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $402K, expenses of $338K, and assets of $187K (revenue +53.7% year-over-year).
- 2022: Revenue of $262K, expenses of $243K, and assets of $49K (revenue +1.4% year-over-year).
- 2021: Revenue of $258K, expenses of $300K, and assets of $38K (revenue -14.4% year-over-year).
- 2020: Revenue of $301K, expenses of $279K, and assets of $69K (revenue -5.3% year-over-year).
- 2019: Revenue of $318K, expenses of $325K, and assets of $47K (revenue -8.3% year-over-year).
- 2018: Revenue of $347K, expenses of $399K, and assets of $53K (revenue -14.2% year-over-year).
- 2017: Revenue of $405K, expenses of $382K, and assets of $108K (revenue +24.0% year-over-year).
- 2016: Revenue of $326K, expenses of $302K, and assets of $83K (revenue +14.0% year-over-year).
- 2015: Revenue of $286K, expenses of $247K, and assets of $60K (revenue +40.3% year-over-year).
- 2014: Revenue of $204K, expenses of $196K, and assets of $21K (revenue +8.0% year-over-year).
- 2013: Revenue of $189K, expenses of $184K, and assets of $15K (revenue +7.9% year-over-year).
- 2012: Revenue of $175K, expenses of $174K, and assets of $7K (revenue +1.2% year-over-year).
- 2011: Revenue of $173K, expenses of $172K, and assets of $9K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Foundations A Place For Education And Recovery Inc:
Data Sources and Methodology
This transparency report for Foundations A Place For Education And Recovery Inc 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.