Franklin & Elizabeth F Alex Charitable Foundation
Franklin & Elizabeth F Alex Charitable Foundation frequently spends more than its annual revenue, drawing down assets.
EIN: 200234308 · Layton, UT · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $38K |
| Total Expenses | $42K |
| Program Spending | 90% |
| Net Assets | $513K |
| Transparency Score | 70/100 |
Is Franklin & Elizabeth F Alex Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Franklin & Elizabeth F Alex Charitable Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Franklin & Elizabeth F Alex Charitable Foundation
Franklin & Elizabeth F Alex Charitable Foundation (EIN: 200234308) is a nonprofit organization based in Layton, UT, classified under NTEE code T22. The organization reported total revenue of $38K and total assets of $438K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Franklin & Elizabeth F Alex Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Franklin & Elizabeth F Alex Charitable Foundation is a micro nonprofit that has been operating for 23 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -20.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4K |
| Total Expenses | $42K |
| Surplus / Deficit | $-37,712 |
| Total Assets | $513K |
| Total Liabilities | $1 |
| Net Assets | $513K |
| Operating Margin | -873.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 146.4 months |
Financial Health Grade: B
In 2023, Franklin & Elizabeth F Alex Charitable Foundation reported a deficit of $38K with expenses exceeding revenue, holds 146.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Franklin & Elizabeth F Alex Charitable Foundation's revenue has declined at a compound annual growth rate (CAGR) of -20.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -60.0% | +103.0% | +18.1% |
| 2022 | -62.6% | -7.0% | -2.2% |
| 2021 | -48.4% | -15.1% | +1.5% |
| 2020 | +140.2% | +1.3% | +7.3% |
| 2019 | -58.3% | +9.3% | -14.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Franklin & Elizabeth F Alex Charitable Foundation with a Mission Score of 70 out of 100 (Good). 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: 90%
- fundraising: 0%
According to IRS 990 filings, Franklin & Elizabeth F Alex Charitable Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 $38K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0%, indicating that no salaries are paid to officers, which is highly efficient for an organization of this size and type.
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 Franklin & Elizabeth F Alex Charitable Foundation's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) in multiple recent years (e.g., 2023, 2022, 2019), which can erode the asset base.
- Significant drop in revenue in 2023 ($4,316) compared to previous years (e.g., $55,906 in 2020), indicating high revenue volatility.
Strengths
The following positive indicators were identified for Franklin & Elizabeth F Alex Charitable Foundation:
- Zero officer compensation reported across all filings, indicating highly efficient use of funds for administrative overhead.
- Consistent filing of IRS Form 990s, demonstrating transparency.
- Maintains a substantial asset base ($437,902 latest) relative to its annual revenue and expenses, providing a buffer for operations.
Frequently Asked Questions about Franklin & Elizabeth F Alex Charitable Foundation
Is Franklin & Elizabeth F Alex Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Franklin & Elizabeth F Alex Charitable Foundation (EIN: 200234308) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Franklin & Elizabeth F Alex Charitable Foundation spend its money?
Franklin & Elizabeth F Alex Charitable Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Franklin & Elizabeth F Alex Charitable Foundation tax-deductible?
Franklin & Elizabeth F Alex Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 200234308). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Franklin & Elizabeth F Alex Charitable Foundation compare to similar nonprofits?
With a transparency score of 70/100 (Good), Franklin & Elizabeth F Alex Charitable Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Franklin & Elizabeth F Alex Charitable Foundation located?
Franklin & Elizabeth F Alex Charitable Foundation is headquartered in Layton, Utah and files with the IRS under EIN 200234308. It is classified under NTEE code T22.
How many years of IRS 990 filings does Franklin & Elizabeth F Alex Charitable Foundation have?
Franklin & Elizabeth F Alex Charitable Foundation has 10 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 $38K in total revenue.
Is the Franklin & Elizabeth F Alex Charitable Foundation financially sustainable?
The foundation's financial sustainability is questionable given its pattern of expenses exceeding revenue in multiple years (e.g., 2023: $42,028 expenses vs. $4,316 revenue; 2022: $20,707 expenses vs. $10,799 revenue). While it has a substantial asset base ($437,902), consistent deficit spending will erode its endowment over time if not balanced by future revenue or a planned spending strategy.
How does the foundation manage its assets given fluctuating revenues?
The foundation appears to manage its assets by drawing from its endowment when annual expenses exceed revenue. For example, after 2023's significant deficit, assets decreased from $512,856 to $434,206. This indicates a reliance on its principal to cover operational or grantmaking costs during periods of low income.
What is the primary purpose of this foundation?
Based on its NTEE code T22 (Private Grantmaking Foundations), the primary purpose of the Franklin & Elizabeth F Alex Charitable Foundation is to make grants to other organizations or individuals for charitable purposes.
Filing History
IRS 990 filing history for Franklin & Elizabeth F Alex Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Franklin & Elizabeth F Alex Charitable Foundation's revenue has declined by 93.2%, moving from $63K to $4K. Total assets increased by 24.6% over the same period, from $412K to $513K. Total functional expenses rose by 94.9%, from $22K to $42K. In its most recent filing year (2023), Franklin & Elizabeth F Alex Charitable Foundation reported a deficit of $38K, with expenses exceeding revenue. The organization holds $1 in liabilities against $513K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $513K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4K | $42K | $513K | $1 | — | — |
| 2022 | $11K | $21K | $434K | $1 | — | — |
| 2021 | $29K | $22K | $444K | $1 | — | — |
| 2020 | $56K | $26K | $438K | $1 | — | View 990 |
| 2019 | $23K | $26K | $408K | $1 | — | View 990 |
| 2015 | $56K | $24K | $475K | $1 | — | View 990 |
| 2014 | $63K | $24K | $452K | $1 | — | View 990 |
| 2013 | $63K | $32K | $476K | $1 | — | View 990 |
| 2012 | $64K | $30K | $445K | $1 | — | View 990 |
| 2011 | $63K | $22K | $412K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4K, expenses of $42K, and assets of $513K (revenue -60.0% year-over-year).
- 2022: Revenue of $11K, expenses of $21K, and assets of $434K (revenue -62.6% year-over-year).
- 2021: Revenue of $29K, expenses of $22K, and assets of $444K (revenue -48.4% year-over-year).
- 2020: Revenue of $56K, expenses of $26K, and assets of $438K (revenue +140.2% year-over-year).
- 2019: Revenue of $23K, expenses of $26K, and assets of $408K (revenue -58.3% year-over-year).
- 2015: Revenue of $56K, expenses of $24K, and assets of $475K (revenue -11.1% year-over-year).
- 2014: Revenue of $63K, expenses of $24K, and assets of $452K (revenue -0.8% year-over-year).
- 2013: Revenue of $63K, expenses of $32K, and assets of $476K (revenue -1.1% year-over-year).
- 2012: Revenue of $64K, expenses of $30K, and assets of $445K (revenue +1.0% year-over-year).
- 2011: Revenue of $63K, expenses of $22K, and assets of $412K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Franklin & Elizabeth F Alex Charitable Foundation:
Data Sources and Methodology
This transparency report for Franklin & Elizabeth F Alex Charitable 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.