Friends Of Fondation De France Inc
Friends Of Fondation De France Inc. shows consistent revenue growth and no reported officer compensation.
EIN: 133966503 · New York, NY · NTEE: Q30 · Updated: 2026-03-28
About Friends Of Fondation De France Inc
Friends Of Fondation De France Inc (EIN: 133966503) is a nonprofit organization based in New York, NY, classified under NTEE code Q30. The organization reported total revenue of $10.0M and total assets of $3.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Fondation De France Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Friends Of Fondation De France 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, Friends Of Fondation De France 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.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to officers, directors, trustees, or key employees. This suggests a volunteer-led or externally funded leadership structure, which is highly unusual for an organization of its size and revenue, and contributes to very low administrative 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 Friends Of Fondation De France Inc's IRS 990 filings:
- Unusually low administrative expenses due to 0% officer compensation, which might suggest some operational costs are borne by an affiliate and not fully reflected in this entity's 990.
Strengths
The following positive indicators were identified for Friends Of Fondation De France Inc:
- Consistent revenue growth, with 2023 revenue at $7,404,204.
- Strong asset growth, reaching $3,038,918 in 2023.
- Exceptionally low administrative overhead due to 0% reported officer compensation.
- Consistent filing of IRS Form 990s, indicating transparency.
- Positive net income in most recent years, such as a $853,424 surplus in 2023.
Frequently Asked Questions about Friends Of Fondation De France Inc
Is Friends Of Fondation De France Inc. a good charity?
Based on the available financial data, Friends Of Fondation De France Inc. appears to be a good charity. It demonstrates strong program spending, consistent revenue growth, and exceptionally low administrative costs due to 0% reported officer compensation. Its assets have also grown steadily over the past decade.
How does Friends Of Fondation De France Inc. manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based, or that compensation for key personnel is covered by an affiliated entity (such as the Fondation de France itself) and not directly reported on this specific 990 filing. This is a significant factor in its low administrative overhead.
What is the trend in the organization's financial health?
The organization shows a positive trend in financial health. Revenue has generally increased over the past decade, with the latest reported revenue of $7,404,204 in 2023 being significantly higher than previous years. Assets have also grown substantially, from $393,020 in 2014 to $3,038,918 in 2023, indicating financial stability and growth.
Filing History
IRS 990 filing history for Friends Of Fondation De France Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friends Of Fondation De France Inc's revenue has grown by 494%, moving from $1.2M to $7.4M. Total assets increased by 31.5% over the same period, from $2.3M to $3.0M. Total functional expenses rose by 123.4%, from $2.9M to $6.6M. In its most recent filing year (2023), Friends Of Fondation De France Inc reported a surplus of $853K, with revenue exceeding expenses. The organization holds $52K in liabilities against $3.0M in assets (debt-to-asset ratio: 1.7%), resulting in net assets of $3.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $7.4M | $6.6M | $3.0M | $52K | — | View 990 |
| 2022 | $3.1M | $3.2M | $2.2M | $53K | — | — |
| 2021 | $3.6M | $3.1M | $2.2M | $25K | — | View 990 |
| 2020 | $2.7M | $2.5M | $1.7M | $28K | — | View 990 |
| 2019 | $4.1M | $3.6M | $1.4M | $8K | — | View 990 |
| 2018 | $1.8M | $2.6M | $854K | $12K | — | View 990 |
| 2017 | $2.2M | $968K | $1.7M | $8K | — | View 990 |
| 2016 | $2.7M | $2.9M | $1.6M | $1.2M | — | View 990 |
| 2015 | $1.3M | $1.1M | $577K | $8K | — | View 990 |
| 2014 | $2.3M | $2.4M | $393K | $8K | — | View 990 |
| 2013 | $1.8M | $1.8M | $475K | $8K | — | View 990 |
| 2012 | $1.2M | $3.0M | $485K | $7K | — | View 990 |
| 2011 | $1.2M | $2.9M | $2.3M | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.4M, expenses of $6.6M, and assets of $3.0M (revenue +136.5% year-over-year).
- 2022: Revenue of $3.1M, expenses of $3.2M, and assets of $2.2M (revenue -13.5% year-over-year).
- 2021: Revenue of $3.6M, expenses of $3.1M, and assets of $2.2M (revenue +32.9% year-over-year).
- 2020: Revenue of $2.7M, expenses of $2.5M, and assets of $1.7M (revenue -34.2% year-over-year).
- 2019: Revenue of $4.1M, expenses of $3.6M, and assets of $1.4M (revenue +128.5% year-over-year).
- 2018: Revenue of $1.8M, expenses of $2.6M, and assets of $854K (revenue -18.9% year-over-year).
- 2017: Revenue of $2.2M, expenses of $968K, and assets of $1.7M (revenue -18.5% year-over-year).
- 2016: Revenue of $2.7M, expenses of $2.9M, and assets of $1.6M (revenue +111.1% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.1M, and assets of $577K (revenue -43.8% year-over-year).
- 2014: Revenue of $2.3M, expenses of $2.4M, and assets of $393K (revenue +26.6% year-over-year).
- 2013: Revenue of $1.8M, expenses of $1.8M, and assets of $475K (revenue +53.3% year-over-year).
- 2012: Revenue of $1.2M, expenses of $3.0M, and assets of $485K (revenue -4.4% year-over-year).
- 2011: Revenue of $1.2M, expenses of $2.9M, and assets of $2.3M.
Data Sources and Methodology
This transparency report for Friends Of Fondation De France 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.