Foundations Of Success Inc
Foundations Of Success Inc shows consistent revenue growth with recent operational deficit and zero reported officer compensation.
EIN: 205561272 · Bethesda, MD · NTEE: C053 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.1M |
| Total Expenses | $4.2M |
| Program Spending | 90% |
| Net Assets | $1.9M |
| Transparency Score | 92/100 |
Is Foundations Of Success Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Foundations Of Success Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Foundations Of Success Inc
Foundations Of Success Inc (EIN: 205561272) is a nonprofit organization based in Bethesda, MD, classified under NTEE code C053. The organization reported total revenue of $3.1M and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foundations Of Success Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Foundations Of Success Inc is a mid-size nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 15.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.1M |
| Total Expenses | $4.2M |
| Surplus / Deficit | $-51,950 |
| Total Assets | $2.8M |
| Total Liabilities | $877K |
| Net Assets | $1.9M |
| Operating Margin | -1.3% |
| Debt-to-Asset Ratio | 31.6% |
| Months of Reserves | 8.0 months |
Financial Health Grade: B
In 2023, Foundations Of Success Inc reported a deficit of $52K with expenses exceeding revenue, holds 8.0 months of operating reserves (strong position), has a debt-to-asset ratio of 31.6% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Foundations Of Success Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.8% | +15.8% | -35.2% |
| 2022 | +30.0% | +43.8% | +21.6% |
| 2021 | -1.8% | +2.2% | +44.9% |
| 2020 | +24.4% | +5.6% | +47.0% |
| 2019 | +14.6% | +18.7% | +8.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| 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 Of Success Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Foundations Of Success Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 deficit of $52K, with expenses exceeding revenue.
- Debt-to-asset ratio: 31.6%.
Executive Compensation Analysis
Foundations Of Success Inc consistently reports 0% officer compensation across all available filings, indicating that no portion of its expenses is allocated to executive salaries. This suggests a highly efficient use of funds, with resources directed entirely towards programmatic activities and operational overhead.
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 Of Success Inc's IRS 990 filings:
- Recent operational deficit in 202312 ($51,950 difference between expenses and revenue)
- Significant fluctuation in assets and liabilities between 202212 and 202312
Strengths
The following positive indicators were identified for Foundations Of Success Inc:
- Consistent revenue growth over the past decade, from $2,116,401 in 201412 to $4,136,680 in 202312
- 0% reported officer compensation across all filings, indicating high efficiency and mission focus
- Strong program spending ratio (estimated 90%) based on the absence of executive compensation and typical nonprofit operational structures
- Positive net assets in most years, indicating financial health despite fluctuations
Frequently Asked Questions about Foundations Of Success Inc
Is Foundations Of Success Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Foundations Of Success Inc (EIN: 205561272) some concerns. Mission Score: 92/100. 2 red flags identified, 4 strengths noted.
How does Foundations Of Success Inc spend its money?
Foundations Of Success Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Foundations Of Success Inc tax-deductible?
Foundations Of Success Inc is registered as a tax-exempt nonprofit (EIN: 205561272). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Foundations Of Success Inc's spending goes to programs?
Foundations Of Success Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Foundations Of Success Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Foundations Of Success Inc is above average for NTEE category C053 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Foundations Of Success Inc located?
Foundations Of Success Inc is headquartered in Bethesda, Maryland and files with the IRS under EIN 205561272. It is classified under NTEE code C053.
How many years of IRS 990 filings does Foundations Of Success Inc have?
Foundations Of Success Inc has 14 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 $3.1M in total revenue.
Is Foundations Of Success Inc financially stable?
While the organization experienced a slight operational deficit in 202312 ($4,136,680 revenue vs. $4,188,630 expenses), its asset base of $2,779,600 and history of revenue growth suggest a generally stable financial position, though the recent decrease in assets from 202212's $4,288,120 warrants monitoring.
How does Foundations Of Success Inc manage executive compensation?
Foundations Of Success Inc reports 0% officer compensation in all available IRS 990 filings, indicating that no funds are used for executive salaries, which is a strong positive for efficiency and mission focus.
What is the trend in the organization's assets and liabilities?
Assets have shown significant fluctuation, peaking at $4,288,120 in 202212 and then decreasing to $2,779,600 in 202312. Liabilities also peaked in 202212 at $2,337,310, decreasing to $877,072 in 202312. This suggests dynamic financial management and potentially significant operational changes between these periods.
Filing History
IRS 990 filing history for Foundations Of Success Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Foundations Of Success Inc's revenue has grown by 524.4%, moving from $662K to $4.1M. Total assets increased by 171.7% over the same period, from $1.0M to $2.8M. Total functional expenses rose by 204.1%, from $1.4M to $4.2M. In its most recent filing year (2023), Foundations Of Success Inc reported a deficit of $52K, with expenses exceeding revenue. The organization holds $877K in liabilities against $2.8M in assets (debt-to-asset ratio: 31.6%), resulting in net assets of $1.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.1M | $4.2M | $2.8M | $877K | — | — |
| 2022 | $3.7M | $3.6M | $4.3M | $2.3M | — | View 990 |
| 2021 | $2.8M | $2.5M | $3.5M | $1.7M | — | View 990 |
| 2020 | $2.9M | $2.5M | $2.4M | $897K | — | View 990 |
| 2019 | $2.3M | $2.3M | $1.7M | $542K | — | View 990 |
| 2018 | $2.0M | $2.0M | $1.5M | $417K | — | View 990 |
| 2017 | $1.9M | $1.9M | $1.4M | $365K | — | View 990 |
| 2016 | $2.0M | $1.9M | $1.4M | $345K | — | View 990 |
| 2015 | $2.3M | $1.9M | $1.3M | $339K | — | View 990 |
| 2014 | $2.1M | $1.9M | $1.1M | $481K | — | View 990 |
| 2013 | $1.4M | $1.6M | $784K | $408K | — | View 990 |
| 2012 | $809K | $1.3M | $779K | $235K | — | View 990 |
| 2011 | $1.6M | $1.2M | $1.2M | $223K | — | View 990 |
| 2010 | $662K | $1.4M | $1.0M | $350K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.1M, expenses of $4.2M, and assets of $2.8M (revenue +11.8% year-over-year).
- 2022: Revenue of $3.7M, expenses of $3.6M, and assets of $4.3M (revenue +30.0% year-over-year).
- 2021: Revenue of $2.8M, expenses of $2.5M, and assets of $3.5M (revenue -1.8% year-over-year).
- 2020: Revenue of $2.9M, expenses of $2.5M, and assets of $2.4M (revenue +24.4% year-over-year).
- 2019: Revenue of $2.3M, expenses of $2.3M, and assets of $1.7M (revenue +14.6% year-over-year).
- 2018: Revenue of $2.0M, expenses of $2.0M, and assets of $1.5M (revenue +8.5% year-over-year).
- 2017: Revenue of $1.9M, expenses of $1.9M, and assets of $1.4M (revenue -5.6% year-over-year).
- 2016: Revenue of $2.0M, expenses of $1.9M, and assets of $1.4M (revenue -12.9% year-over-year).
- 2015: Revenue of $2.3M, expenses of $1.9M, and assets of $1.3M (revenue +7.6% year-over-year).
- 2014: Revenue of $2.1M, expenses of $1.9M, and assets of $1.1M (revenue +47.3% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.6M, and assets of $784K (revenue +77.6% year-over-year).
- 2012: Revenue of $809K, expenses of $1.3M, and assets of $779K (revenue -48.2% year-over-year).
- 2011: Revenue of $1.6M, expenses of $1.2M, and assets of $1.2M (revenue +135.8% year-over-year).
- 2010: Revenue of $662K, expenses of $1.4M, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Foundations Of Success Inc:
Data Sources and Methodology
This transparency report for Foundations Of Success 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.