Funding Passion And Love Foundation Inc
Funding Passion And Love Foundation Inc consistently spends significantly more than it earns, depleting assets.
EIN: 200451720 · Sandy, UT · NTEE: P12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $380K |
| Total Expenses | $382K |
| Program Spending | 75% |
| Net Assets | $1.1M |
| Transparency Score | 40/100 |
Is Funding Passion And Love Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Funding Passion And Love Foundation Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Funding Passion And Love Foundation Inc
Funding Passion And Love Foundation Inc (EIN: 200451720) is a nonprofit organization based in Sandy, UT, classified under NTEE code P12. The organization reported total revenue of $380K and total assets of $833K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Funding Passion And Love Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Funding Passion And Love Foundation Inc is a small nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -10.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $68K |
| Total Expenses | $382K |
| Surplus / Deficit | $-313,500 |
| Total Assets | $1.1M |
| Total Liabilities | $1 |
| Net Assets | $1.1M |
| Operating Margin | -460.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 34.0 months |
Financial Health Grade: B
In 2023, Funding Passion And Love Foundation Inc reported a deficit of $314K with expenses exceeding revenue, holds 34.0 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), Funding Passion And Love Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -10.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +133.0% | +0.7% | -23.4% |
| 2022 | -24.6% | -8.2% | -19.0% |
| 2021 | +20.6% | -1.0% | -17.5% |
| 2020 | +20.8% | +40.5% | -15.5% |
| 2019 | -89.4% | +13.2% | +812.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Funding Passion And Love Foundation Inc with a Mission Score of 40 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Funding Passion And Love 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 $314K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all provided filings, indicating that no executive salaries were paid, which is a positive sign for resource allocation directly to the mission.
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 Funding Passion And Love Foundation Inc's IRS 990 filings:
- Consistent and significant operating deficits (expenses far exceeding revenue, e.g., $68,032 revenue vs. $381,532 expenses in 2023).
- Rapid decline in total assets over recent years (from $2,502,509 in 2019 to $1,082,342 in 2023).
- Latest revenue ($68,032 in 2023) is a small fraction of the latest expenses ($381,532 in 2023).
Strengths
The following positive indicators were identified for Funding Passion And Love Foundation Inc:
- No officer compensation reported, indicating resources are not being used for executive salaries.
- Historically maintained a substantial asset base, though it is currently declining.
Frequently Asked Questions about Funding Passion And Love Foundation Inc
Is Funding Passion And Love Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Funding Passion And Love Foundation Inc (EIN: 200451720) significant concerns. Mission Score: 40/100. 3 red flags identified, 2 strengths noted.
How does Funding Passion And Love Foundation Inc spend its money?
Funding Passion And Love Foundation Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Funding Passion And Love Foundation Inc tax-deductible?
Funding Passion And Love Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200451720). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Funding Passion And Love Foundation Inc's spending goes to programs?
Funding Passion And Love Foundation Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Funding Passion And Love Foundation Inc compare to similar nonprofits?
With a transparency score of 40/100 (Fair), Funding Passion And Love Foundation Inc is near average for NTEE category P12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Funding Passion And Love Foundation Inc located?
Funding Passion And Love Foundation Inc is headquartered in Sandy, Utah and files with the IRS under EIN 200451720. It is classified under NTEE code P12.
How many years of IRS 990 filings does Funding Passion And Love Foundation Inc have?
Funding Passion And Love 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 $380K in total revenue.
Is Funding Passion And Love Foundation Inc financially sustainable?
Based on the provided data, the organization is not financially sustainable. Its expenses have consistently exceeded its revenue by a significant margin for several years (e.g., $68,032 revenue vs. $381,532 expenses in 2023), leading to a continuous decline in assets.
Why are the assets declining so rapidly?
Assets are declining rapidly because the organization's expenses consistently far exceed its revenue. For instance, assets decreased from $2,502,509 in 2019 to $1,082,342 in 2023, directly correlating with the large annual operating deficits.
What is the organization's strategy to address its revenue shortfall?
The provided IRS 990 data does not detail the organization's strategy to address its revenue shortfall. However, the persistent and large gap between revenue and expenses indicates that current strategies are insufficient.
Filing History
IRS 990 filing history for Funding Passion And Love Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Funding Passion And Love Foundation Inc's revenue has declined by 72.9%, moving from $251K to $68K. Total assets increased by 198.7% over the same period, from $362K to $1.1M. Total functional expenses rose by 70.2%, from $224K to $382K. In its most recent filing year (2023), Funding Passion And Love Foundation Inc reported a deficit of $314K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $68K | $382K | $1.1M | $1 | — | — |
| 2022 | $29K | $379K | $1.4M | $18K | — | View 990 |
| 2021 | $39K | $413K | $1.7M | $1 | — | View 990 |
| 2020 | $32K | $417K | $2.1M | $-4,266 | — | — |
| 2019 | $27K | $297K | $2.5M | $-2,207 | — | View 990 |
| 2015 | $250K | $262K | $274K | $1 | — | View 990 |
| 2014 | $250K | $309K | $286K | $1 | — | View 990 |
| 2013 | $250K | $229K | $345K | $1 | — | View 990 |
| 2012 | $248K | $286K | $324K | $1 | — | View 990 |
| 2011 | $251K | $224K | $362K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $68K, expenses of $382K, and assets of $1.1M (revenue +133.0% year-over-year).
- 2022: Revenue of $29K, expenses of $379K, and assets of $1.4M (revenue -24.6% year-over-year).
- 2021: Revenue of $39K, expenses of $413K, and assets of $1.7M (revenue +20.6% year-over-year).
- 2020: Revenue of $32K, expenses of $417K, and assets of $2.1M (revenue +20.8% year-over-year).
- 2019: Revenue of $27K, expenses of $297K, and assets of $2.5M (revenue -89.4% year-over-year).
- 2015: Revenue of $250K, expenses of $262K, and assets of $274K (revenue +-0.0% year-over-year).
- 2014: Revenue of $250K, expenses of $309K, and assets of $286K (revenue +-0.0% year-over-year).
- 2013: Revenue of $250K, expenses of $229K, and assets of $345K (revenue +0.9% year-over-year).
- 2012: Revenue of $248K, expenses of $286K, and assets of $324K (revenue -1.4% year-over-year).
- 2011: Revenue of $251K, expenses of $224K, and assets of $362K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Funding Passion And Love Foundation Inc:
Data Sources and Methodology
This transparency report for Funding Passion And Love 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.