Fr8 Auctions Humanitarian Aid Foundation
EIN: 270738070 · Newark, DE · NTEE: T50
| Metric | Value |
|---|---|
| Total Revenue | $65K |
| Total Expenses | $75K |
| Net Assets | $140K |
Is Fr8 Auctions Humanitarian Aid Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Fr8 Auctions Humanitarian Aid Foundation
Fr8 Auctions Humanitarian Aid Foundation (EIN: 270738070) is a nonprofit organization based in Newark, DE, classified under NTEE code T50. The organization reported total revenue of $65K and total assets of $140K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fr8 Auctions Humanitarian Aid Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fr8 Auctions Humanitarian Aid Foundation is a micro nonprofit that has been operating for 4 years, with 4 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 8.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $65K |
| Total Expenses | $75K |
| Surplus / Deficit | $-10,362 |
| Total Assets | $140K |
| Total Liabilities | $1 |
| Net Assets | $140K |
| Operating Margin | -16.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 22.5 months |
Financial Health Grade: B
In 2023, Fr8 Auctions Humanitarian Aid Foundation reported a deficit of $10K with expenses exceeding revenue, holds 22.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 4 years of filings (2017–2023), Fr8 Auctions Humanitarian Aid Foundation's revenue has grown at a compound annual growth rate (CAGR) of 8.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -57.0% | — | -6.9% |
| 2022 | +209.3% | -100.0% | +230.9% |
| 2020 | +21.3% | -87.0% | +2118.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Fr8 Auctions Humanitarian Aid Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Fr8 Auctions Humanitarian Aid Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $10K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Fr8 Auctions Humanitarian Aid Foundation
Is Fr8 Auctions Humanitarian Aid Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Fr8 Auctions Humanitarian Aid Foundation (EIN: 270738070) insufficient data. 0 red flags identified, 0 strengths noted.
How does Fr8 Auctions Humanitarian Aid Foundation spend its money?
Detailed spending breakdown data is not yet available for Fr8 Auctions Humanitarian Aid Foundation. Check back for updated IRS 990 analysis.
Are donations to Fr8 Auctions Humanitarian Aid Foundation tax-deductible?
Fr8 Auctions Humanitarian Aid Foundation is registered as a tax-exempt nonprofit (EIN: 270738070). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Fr8 Auctions Humanitarian Aid Foundation located?
Fr8 Auctions Humanitarian Aid Foundation is headquartered in Newark, Delaware and files with the IRS under EIN 270738070. It is classified under NTEE code T50.
How many years of IRS 990 filings does Fr8 Auctions Humanitarian Aid Foundation have?
Fr8 Auctions Humanitarian Aid Foundation has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $65K in total revenue.
Filing History
IRS 990 filing history for Fr8 Auctions Humanitarian Aid Foundation showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2017–2023), Fr8 Auctions Humanitarian Aid Foundation's revenue has grown by 61.3%, moving from $40K to $65K. Total assets increased by 6736% over the same period, from $2K to $140K. Total functional expenses rose by 94.5%, from $39K to $75K. In its most recent filing year (2023), Fr8 Auctions Humanitarian Aid Foundation reported a deficit of $10K, with expenses exceeding revenue. The organization holds $1 in liabilities against $140K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $140K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $65K | $75K | $140K | $1 | — | — |
| 2022 | $150K | $0 | $151K | $1 | — | View 990 |
| 2020 | $49K | $5K | $45K | $0 | — | — |
| 2017 | $40K | $39K | $2K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $65K, expenses of $75K, and assets of $140K (revenue -57.0% year-over-year).
- 2022: Revenue of $150K, expenses of $0, and assets of $151K (revenue +209.3% year-over-year).
- 2020: Revenue of $49K, expenses of $5K, and assets of $45K (revenue +21.3% year-over-year).
- 2017: Revenue of $40K, expenses of $39K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fr8 Auctions Humanitarian Aid Foundation:
Data Sources and Methodology
This transparency report for Fr8 Auctions Humanitarian Aid Foundation 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.