Fund For Life Foundation Inc
Fund For Life Foundation consistently spends more than it earns, relying on substantial assets, with no reported officer compensation.
EIN: 113239215 · Brooklyn, NY · NTEE: J32Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.6M |
| Total Expenses | $2.8M |
| Program Spending | 75% |
| Net Assets | $30.1M |
| Transparency Score | 70/100 |
Is Fund For Life Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fund For Life Foundation Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fund For Life Foundation Inc
Fund For Life Foundation Inc (EIN: 113239215) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code J32Z. The organization reported total revenue of $2.6M and total assets of $46.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fund For Life Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fund For Life Foundation Inc is a mid-size nonprofit that has been operating for 30 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $2.8M |
| Surplus / Deficit | $-1,084,540 |
| Total Assets | $41.7M |
| Total Liabilities | $11.6M |
| Net Assets | $30.1M |
| Operating Margin | -64.9% |
| Debt-to-Asset Ratio | 27.9% |
| Months of Reserves | 181.7 months |
Financial Health Grade: B
In 2023, Fund For Life Foundation Inc reported a deficit of $1.1M with expenses exceeding revenue, holds 181.7 months of operating reserves (strong position), has a debt-to-asset ratio of 27.9% (moderate leverage).
Financial Trends
Over 10 years of filings (2011–2023), Fund For Life Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -53.0% | -28.7% | +9.4% |
| 2022 | +5.3% | +59.4% | -23.4% |
| 2021 | +228.9% | +0.4% | +21.0% |
| 2020 | -46.8% | -1.4% | +4.0% |
| 2019 | +40.4% | +128.4% | +6.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
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 Fund For Life Foundation Inc 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Fund For Life Foundation Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $1.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 27.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid or compensated through mechanisms not categorized as officer compensation on the IRS Form 990. This suggests a strong commitment to minimizing overhead at the executive level.
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 Fund For Life Foundation Inc's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue in 7 out of 10 periods), raising questions about long-term financial sustainability without a clear strategy.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering a full assessment of spending efficiency.
Strengths
The following positive indicators were identified for Fund For Life Foundation Inc:
- Substantial and growing asset base, increasing from $34,212,553 in 2011 to $46,866,185 currently, providing financial stability.
- Zero reported officer compensation across all filings, indicating strong financial prudence at the executive level and a commitment to minimizing overhead.
- Consistent filing history over a decade, demonstrating compliance and transparency in reporting to the IRS.
Frequently Asked Questions about Fund For Life Foundation Inc
Is Fund For Life Foundation Inc a legitimate charity?
Fund For Life Foundation Inc (EIN: 113239215) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $2.6M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Fund For Life Foundation Inc spend its money?
Fund For Life Foundation Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Fund For Life Foundation Inc tax-deductible?
Fund For Life Foundation Inc is registered as a tax-exempt nonprofit (EIN: 113239215). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Fund For Life Foundation Inc's spending goes to programs?
Fund For Life Foundation Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Fund For Life Foundation Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Fund For Life Foundation Inc is above average for NTEE category J32Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Fund For Life Foundation Inc located?
Fund For Life Foundation Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 113239215. It is classified under NTEE code J32Z.
How many years of IRS 990 filings does Fund For Life Foundation Inc have?
Fund For Life Foundation Inc 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 $2.6M in total revenue.
How does Fund For Life Foundation Inc sustain its operations given that expenses frequently exceed revenue?
The organization appears to sustain operations by drawing from its substantial asset base, which has grown from $34,212,553 in 2011 to $46,866,185 currently, despite periods of negative net income. This suggests a reliance on accumulated reserves or investment income.
What is the specific nature of the 'J32Z' NTEE code and how does it relate to the organization's activities?
The NTEE code J32Z generally refers to 'Other Housing & Shelter' organizations. Understanding the specific programs within this category would clarify the organization's mission impact.
What is the long-term strategy for revenue generation to cover recurring operational deficits?
The filings do not explicitly detail a strategy for addressing the recurring deficits where expenses exceed revenue. This would require further information beyond the provided financial summaries.
Are there any plans to disclose a more detailed breakdown of expenses (program, admin, fundraising) in future filings?
The provided data does not indicate future plans for more detailed expense breakdowns. Such disclosure would significantly enhance transparency and allow for a more precise assessment of spending efficiency.
Filing History
IRS 990 filing history for Fund For Life Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Fund For Life Foundation Inc's revenue has declined by 5.6%, moving from $1.8M to $1.7M. Total assets increased by 22% over the same period, from $34.2M to $41.7M. Total functional expenses rose by 51.8%, from $1.8M to $2.8M. In its most recent filing year (2023), Fund For Life Foundation Inc reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $11.6M in liabilities against $41.7M in assets (debt-to-asset ratio: 27.9%), resulting in net assets of $30.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $2.8M | $41.7M | $11.6M | — | — |
| 2022 | $3.6M | $3.9M | $38.1M | $9.5M | — | View 990 |
| 2021 | $3.4M | $2.4M | $49.8M | $14.7M | — | View 990 |
| 2020 | $1.0M | $2.4M | $41.1M | $7.5M | — | View 990 |
| 2019 | $1.9M | $2.4M | $39.6M | $6.2M | — | — |
| 2015 | $1.4M | $1.1M | $37.1M | $7.4M | — | View 990 |
| 2014 | $2.1M | $2.4M | $37.8M | $7.8M | — | View 990 |
| 2013 | $1.6M | $2.3M | $30.5M | $22K | — | View 990 |
| 2012 | $1.6M | $2.4M | $31.3M | $931K | — | View 990 |
| 2011 | $1.8M | $1.8M | $34.2M | $3.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $2.8M, and assets of $41.7M (revenue -53.0% year-over-year).
- 2022: Revenue of $3.6M, expenses of $3.9M, and assets of $38.1M (revenue +5.3% year-over-year).
- 2021: Revenue of $3.4M, expenses of $2.4M, and assets of $49.8M (revenue +228.9% year-over-year).
- 2020: Revenue of $1.0M, expenses of $2.4M, and assets of $41.1M (revenue -46.8% year-over-year).
- 2019: Revenue of $1.9M, expenses of $2.4M, and assets of $39.6M (revenue +40.4% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.1M, and assets of $37.1M (revenue -34.1% year-over-year).
- 2014: Revenue of $2.1M, expenses of $2.4M, and assets of $37.8M (revenue +32.9% year-over-year).
- 2013: Revenue of $1.6M, expenses of $2.3M, and assets of $30.5M (revenue -3.3% year-over-year).
- 2012: Revenue of $1.6M, expenses of $2.4M, and assets of $31.3M (revenue -8.2% year-over-year).
- 2011: Revenue of $1.8M, expenses of $1.8M, and assets of $34.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fund For Life Foundation Inc:
Data Sources and Methodology
This transparency report for Fund For Life Foundation 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.