Frank Adoption Center
EIN: 582153959 · Wake Forest, NC · NTEE: P31
Is Frank Adoption Center Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Frank Adoption Center
Frank Adoption Center (EIN: 582153959) is a nonprofit organization based in Wake Forest, NC, classified under NTEE code P31. The organization reported total revenue of $237K and total assets of $61K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Frank Adoption Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Frank Adoption Center 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 Frank Adoption Center 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.
Frequently Asked Questions about Frank Adoption Center
Is Frank Adoption Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Frank Adoption Center (EIN: 582153959) insufficient data. 0 red flags identified, 0 strengths noted.
How does Frank Adoption Center spend its money?
Detailed spending breakdown data is not yet available for Frank Adoption Center. Check back for updated IRS 990 analysis.
Are donations to Frank Adoption Center tax-deductible?
Frank Adoption Center is registered as a tax-exempt nonprofit (EIN: 582153959). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Frank Adoption Center showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2010–2023), Frank Adoption Center's revenue has declined by 40.1%, moving from $513K to $307K. Total assets decreased by 58.4% over the same period, from $125K to $52K. Total functional expenses fell by 55.6%, from $590K to $262K. In its most recent filing year (2023), Frank Adoption Center reported a surplus of $46K, with revenue exceeding expenses. The organization holds $12K in liabilities against $52K in assets (debt-to-asset ratio: 23.5%), resulting in net assets of $40K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $307K | $262K | $52K | $12K | — | View 990 |
| 2022 | $187K | $241K | $27K | $20K | — | View 990 |
| 2018 | $188K | $78K | $187K | $3K | — | View 990 |
| 2017 | $136K | $76K | $73K | $0 | — | — |
| 2016 | $43K | $29K | $30K | $0 | — | — |
| 2011 | $538K | $557K | $125K | $790K | — | View 990 |
| 2010 | $513K | $590K | $125K | $771K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $307K, expenses of $262K, and assets of $52K (revenue +64.4% year-over-year).
- 2022: Revenue of $187K, expenses of $241K, and assets of $27K (revenue -0.4% year-over-year).
- 2018: Revenue of $188K, expenses of $78K, and assets of $187K (revenue +38.0% year-over-year).
- 2017: Revenue of $136K, expenses of $76K, and assets of $73K (revenue +218.5% year-over-year).
- 2016: Revenue of $43K, expenses of $29K, and assets of $30K (revenue -92.1% year-over-year).
- 2011: Revenue of $538K, expenses of $557K, and assets of $125K (revenue +4.9% year-over-year).
- 2010: Revenue of $513K, expenses of $590K, and assets of $125K.
Data Sources and Methodology
This transparency report for Frank Adoption Center 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.