Freeport Mcmoran Copper & Gold Foundation
Freeport Mcmoran Copper & Gold Foundation consistently operates with zero officer compensation and minimal liabilities.
EIN: 136077350 · Phoenix, AZ · Updated: 2026-03-28
Is Freeport Mcmoran Copper & Gold Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Freeport Mcmoran Copper & Gold Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Freeport Mcmoran Copper & Gold Foundation
Freeport Mcmoran Copper & Gold Foundation (EIN: 136077350) is a nonprofit organization based in Phoenix, AZ. The organization reported total revenue of $23.2M and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Freeport Mcmoran Copper & Gold Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Freeport Mcmoran Copper & Gold Foundation is a large nonprofit that has been operating for 71 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $19.6M |
| Total Expenses | $20.3M |
| Surplus / Deficit | $-735,666 |
| Total Assets | $2.4M |
| Total Liabilities | $1 |
| Net Assets | $2.4M |
| Operating Margin | -3.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 1.4 months |
Financial Health Grade: C
In 2023, Freeport Mcmoran Copper & Gold Foundation reported a deficit of $736K with expenses exceeding revenue, holds 1.4 months of operating reserves (limited), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Freeport Mcmoran Copper & Gold Foundation's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.8% | +9.0% | -23.6% |
| 2022 | +4.3% | +10.2% | +34.2% |
| 2021 | +125.5% | +46.3% | +282.5% |
| 2020 | -51.5% | -27.9% | -84.4% |
| 2019 | +17.6% | -1.2% | +263.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1955 |
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 Freeport Mcmoran Copper & Gold Foundation with a Mission Score of 90 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: 95%
- fundraising: 0%
According to IRS 990 filings, Freeport Mcmoran Copper & Gold Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $736K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officer salaries are paid from the foundation's funds, which is highly commendable for an organization with annual revenues often exceeding $15 million.
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.
Strengths
The following positive indicators were identified for Freeport Mcmoran Copper & Gold Foundation:
- Consistent 0% officer compensation across all filings, indicating high efficiency.
- Extremely low liabilities ($1 reported in recent years), demonstrating strong financial health and minimal debt.
- Consistent filing of IRS Form 990s over a decade, indicating good transparency.
- Significant revenue generation, often exceeding $15 million annually, suggesting substantial programmatic reach.
Frequently Asked Questions about Freeport Mcmoran Copper & Gold Foundation
Is Freeport Mcmoran Copper & Gold Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Freeport Mcmoran Copper & Gold Foundation (EIN: 136077350) appears legitimate. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
How does Freeport Mcmoran Copper & Gold Foundation spend its money?
Freeport Mcmoran Copper & Gold Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Freeport Mcmoran Copper & Gold Foundation tax-deductible?
Freeport Mcmoran Copper & Gold Foundation is registered as a tax-exempt nonprofit (EIN: 136077350). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Freeport Mcmoran Copper & Gold Foundation a good charity?
Based on the provided financial data, the foundation appears to be a very good charity. It consistently reports 0% officer compensation, indicating that funds are not used for executive salaries, and maintains minimal liabilities, suggesting strong financial management.
How does the foundation manage its executive compensation?
The foundation manages its executive compensation by reporting 0% officer compensation across all available filings, meaning no salaries are paid to officers from the foundation's funds.
What is the trend in the foundation's assets?
The foundation's assets have fluctuated over the years, from a high of $7,231,295 in 2012 to a low of $608,196 in 2020, and are currently at $2,396,864. This indicates variability in its asset base, though it consistently maintains sufficient assets relative to its minimal liabilities.
Filing History
IRS 990 filing history for Freeport Mcmoran Copper & Gold Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Freeport Mcmoran Copper & Gold Foundation's revenue has grown by 42.7%, moving from $13.7M to $19.6M. Total assets decreased by 28.4% over the same period, from $3.3M to $2.4M. Total functional expenses rose by 30.9%, from $15.5M to $20.3M. In its most recent filing year (2023), Freeport Mcmoran Copper & Gold Foundation reported a deficit of $736K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $19.6M | $20.3M | $2.4M | $1 | — | View 990 |
| 2022 | $19.4M | $18.6M | $3.1M | $1 | — | View 990 |
| 2021 | $18.6M | $16.9M | $2.3M | $1 | — | — |
| 2020 | $8.3M | $11.5M | $608K | $1 | — | — |
| 2019 | $17.0M | $16.0M | $3.9M | $0 | — | View 990 |
| 2015 | $14.4M | $16.2M | $1.1M | $474 | — | View 990 |
| 2014 | $19.5M | $20.7M | $2.8M | $0 | — | View 990 |
| 2013 | $17.0M | $20.1M | $4.1M | $0 | — | View 990 |
| 2012 | $20.0M | $16.1M | $7.2M | $0 | — | View 990 |
| 2011 | $13.7M | $15.5M | $3.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $19.6M, expenses of $20.3M, and assets of $2.4M (revenue +0.8% year-over-year).
- 2022: Revenue of $19.4M, expenses of $18.6M, and assets of $3.1M (revenue +4.3% year-over-year).
- 2021: Revenue of $18.6M, expenses of $16.9M, and assets of $2.3M (revenue +125.5% year-over-year).
- 2020: Revenue of $8.3M, expenses of $11.5M, and assets of $608K (revenue -51.5% year-over-year).
- 2019: Revenue of $17.0M, expenses of $16.0M, and assets of $3.9M (revenue +17.6% year-over-year).
- 2015: Revenue of $14.4M, expenses of $16.2M, and assets of $1.1M (revenue -25.8% year-over-year).
- 2014: Revenue of $19.5M, expenses of $20.7M, and assets of $2.8M (revenue +14.5% year-over-year).
- 2013: Revenue of $17.0M, expenses of $20.1M, and assets of $4.1M (revenue -15.0% year-over-year).
- 2012: Revenue of $20.0M, expenses of $16.1M, and assets of $7.2M (revenue +46.0% year-over-year).
- 2011: Revenue of $13.7M, expenses of $15.5M, and assets of $3.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Freeport Mcmoran Copper & Gold Foundation:
Data Sources and Methodology
This transparency report for Freeport Mcmoran Copper & Gold 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.