Friends Of Football Inc
Friends Of Football Inc. consistently operates at a significant deficit, spending substantially more than it earns annually.
EIN: 204716858 · Pueblo, CO · NTEE: T23 · Updated: 2026-03-28
Is Friends Of Football Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of Football Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Friends Of Football Inc
Friends Of Football Inc (EIN: 204716858) is a nonprofit organization based in Pueblo, CO, classified under NTEE code T23. The organization reported total revenue of $100K and total assets of $6.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Football Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Football Inc is a micro nonprofit that has been operating for 19 years, with 7 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of -3.8%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $100K |
| Total Expenses | $600K |
| Surplus / Deficit | $-499,988 |
| Total Assets | $6.1M |
| Total Liabilities | $125K |
| Net Assets | $5.9M |
| Operating Margin | -500.7% |
| Debt-to-Asset Ratio | 2.1% |
| Months of Reserves | 121.5 months |
Financial Health Grade: B
In 2020, Friends Of Football Inc reported a deficit of $500K with expenses exceeding revenue, holds 121.5 months of operating reserves (strong position), has a debt-to-asset ratio of 2.1% (very low leverage).
Financial Trends
Over 7 years of filings (2011–2020), Friends Of Football Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -54.0% | -14.8% | -7.6% |
| 2019 | -65.0% | +9.5% | +17.0% |
| 2015 | +133.8% | +3.3% | -1.4% |
| 2014 | +86.9% | +18.9% | -5.9% |
| 2013 | +13.0% | -3.9% | -7.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Friends Of Football Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Friends Of Football Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $500K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.1%.
Executive Compensation Analysis
No officer compensation has been reported across all available filings, indicating a volunteer-led organization or one with very low executive salaries, which is a positive for minimizing 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 Football Inc's IRS 990 filings:
- Consistent and significant operational deficits (e.g., 2020 expenses were 6x revenue)
- Declining asset base over time, suggesting reliance on reserves to cover shortfalls
- Low and fluctuating revenue generation compared to consistent high expenses
Strengths
The following positive indicators were identified for Friends Of Football Inc:
- No reported officer compensation, indicating efficient use of funds at the leadership level
- Substantial asset base (over $6 million) provides a buffer, though it is being depleted
- Decreasing liabilities over time
Frequently Asked Questions about Friends Of Football Inc
Is Friends Of Football Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Football Inc (EIN: 204716858) significant concerns. Mission Score: 45/100. 3 red flags identified, 3 strengths noted.
How does Friends Of Football Inc spend its money?
Friends Of Football Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of Football Inc tax-deductible?
Friends Of Football Inc is registered as a tax-exempt nonprofit (EIN: 204716858). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Friends Of Football Inc. a good charity?
Based on the financial data, Friends Of Football Inc. faces significant challenges. While it maintains substantial assets, its consistent and large operational deficits (e.g., spending $599,854 against $99,866 in revenue in 2020) raise concerns about its long-term sustainability and ability to effectively deliver on its mission without depleting its asset base. The lack of officer compensation is a positive, but the overall financial health is weak.
How does Friends Of Football Inc. fund its operations given the consistent deficits?
The organization appears to be funding its operations by drawing down on its substantial assets. Its assets have decreased from $6,961,806 in 2011 to $6,074,254 in 2020, a reduction of nearly $900,000 over the period, which aligns with the reported deficits.
What is the trend in the organization's assets and liabilities?
Assets have shown a declining trend, from $6,961,806 in 2011 to $6,074,254 in 2020. Liabilities have generally decreased over the same period, from $364,000 in 2011 to $125,000 in 2020, which is a positive sign regarding debt management, but the asset decline is more concerning.
Filing History
IRS 990 filing history for Friends Of Football Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2020), Friends Of Football Inc's revenue has declined by 29.1%, moving from $141K to $100K. Total assets decreased by 12.7% over the same period, from $7.0M to $6.1M. Total functional expenses rose by 17.1%, from $512K to $600K. In its most recent filing year (2020), Friends Of Football Inc reported a deficit of $500K, with expenses exceeding revenue. The organization holds $125K in liabilities against $6.1M in assets (debt-to-asset ratio: 2.1%), resulting in net assets of $5.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $100K | $600K | $6.1M | $125K | — | View 990 |
| 2019 | $217K | $704K | $6.6M | $125K | — | View 990 |
| 2015 | $621K | $643K | $5.6M | $200K | — | View 990 |
| 2014 | $265K | $623K | $5.7M | $260K | — | View 990 |
| 2013 | $142K | $524K | $6.1M | $260K | — | View 990 |
| 2012 | $126K | $545K | $6.5M | $364K | — | View 990 |
| 2011 | $141K | $512K | $7.0M | $364K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $100K, expenses of $600K, and assets of $6.1M (revenue -54.0% year-over-year).
- 2019: Revenue of $217K, expenses of $704K, and assets of $6.6M (revenue -65.0% year-over-year).
- 2015: Revenue of $621K, expenses of $643K, and assets of $5.6M (revenue +133.8% year-over-year).
- 2014: Revenue of $265K, expenses of $623K, and assets of $5.7M (revenue +86.9% year-over-year).
- 2013: Revenue of $142K, expenses of $524K, and assets of $6.1M (revenue +13.0% year-over-year).
- 2012: Revenue of $126K, expenses of $545K, and assets of $6.5M (revenue -10.8% year-over-year).
- 2011: Revenue of $141K, expenses of $512K, and assets of $7.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Football Inc:
Data Sources and Methodology
This transparency report for Friends Of Football 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.