Future Of Plastics Foundation
Future Of Plastics Foundation shows volatile finances with inconsistent revenue and expense management.
EIN: 203492339 · Washington, DC · NTEE: U40 · Updated: 2026-03-28
Is Future Of Plastics Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Future Of Plastics Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Future Of Plastics Foundation
Future Of Plastics Foundation (EIN: 203492339) is a nonprofit organization based in Washington, DC, classified under NTEE code U40. The organization reported total revenue of $3K and total assets of $14K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Future Of Plastics Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Future Of Plastics Foundation is a micro nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $26K |
| Total Expenses | $6K |
| Surplus / Deficit | +$20K |
| Total Assets | $14K |
| Net Assets | $14K |
| Operating Margin | 76.1% |
| Months of Reserves | 27.2 months |
Financial Health Grade: A
In 2023, Future Of Plastics Foundation reported a surplus of $20K with revenue exceeding expenses, holds 27.2 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2012–2023), Future Of Plastics Foundation's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -63.7% | -94.7% | -87.0% |
| 2022 | -23.9% | +152.0% | +181.8% |
| 2021 | +2711.9% | +32.1% | +12.8% |
| 2020 | +128.3% | +67.7% | -12.3% |
| 2019 | -98.8% | -87.6% | -11.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
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 Future Of Plastics Foundation with a Mission Score of 55 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, Future Of Plastics Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $20K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers are receiving salaries from the organization, which is notable for an organization of its size and revenue fluctuations.
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 Future Of Plastics Foundation's IRS 990 filings:
- Highly volatile revenue and expense figures year-over-year, indicating unpredictable financial operations.
- Significant net losses in multiple years (e.g., 2022, 2020, 2019, 2018, 2017, 2015, 2014) where expenses far exceeded revenue.
- Declining asset base from $325,995 in 2014 to $13,925 in 2023.
- Unusual reporting of negative liabilities in 2021 ($-750).
Strengths
The following positive indicators were identified for Future Of Plastics Foundation:
- Consistent reporting of 0% officer compensation, indicating no executive salaries.
- Positive net income in the most recent filing (2023), with revenue of $25,682 significantly exceeding expenses of $6,149.
Frequently Asked Questions about Future Of Plastics Foundation
Is Future Of Plastics Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Future Of Plastics Foundation (EIN: 203492339) some concerns. Mission Score: 55/100. 4 red flags identified, 2 strengths noted.
How does Future Of Plastics Foundation spend its money?
Future Of Plastics Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Future Of Plastics Foundation tax-deductible?
Future Of Plastics Foundation is registered as a tax-exempt nonprofit (EIN: 203492339). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Future Of Plastics Foundation financially stable?
No, the organization's financial stability is questionable given the significant year-over-year fluctuations in revenue, expenses, assets, and liabilities. For example, in 2022, expenses ($115,195) exceeded revenue ($70,836) by over $44,000, while in 2023, revenue ($25,682) significantly exceeded expenses ($6,149).
How does the organization manage its liabilities?
Liability management appears inconsistent. Liabilities have ranged from $0 in 2023 and 2016, to a high of $112,695 in 2022, and even a negative value of $-750 in 2021, which is an unusual reporting anomaly.
What is the trend in the organization's assets?
The organization's assets have shown a declining trend from a peak of $325,995 in 2014 to $13,925 in 2023, with significant volatility in between, suggesting a shrinking financial base.
Filing History
IRS 990 filing history for Future Of Plastics Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Future Of Plastics Foundation's revenue has grown by 46.8%, moving from $18K to $26K. Total assets decreased by 68.8% over the same period, from $45K to $14K. Total functional expenses fell by 88.8%, from $55K to $6K. In its most recent filing year (2023), Future Of Plastics Foundation reported a surplus of $20K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $26K | $6K | $14K | $0 | — | — |
| 2022 | $71K | $115K | $107K | $113K | — | View 990 |
| 2021 | $93K | $46K | $38K | $-750 | — | — |
| 2020 | $3K | $35K | $34K | $42K | — | View 990 |
| 2019 | $1K | $21K | $38K | $16K | — | View 990 |
| 2018 | $126K | $167K | $43K | $1K | — | View 990 |
| 2017 | $24K | $61K | $144K | $60K | — | View 990 |
| 2016 | $0 | $216 | $120K | $0 | — | View 990 |
| 2015 | $167K | $363K | $127K | $8K | — | View 990 |
| 2014 | $12K | $59K | $326K | $12K | — | View 990 |
| 2013 | $394K | $36K | $404K | $34K | — | View 990 |
| 2012 | $18K | $55K | $45K | $33K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $26K, expenses of $6K, and assets of $14K (revenue -63.7% year-over-year).
- 2022: Revenue of $71K, expenses of $115K, and assets of $107K (revenue -23.9% year-over-year).
- 2021: Revenue of $93K, expenses of $46K, and assets of $38K (revenue +2711.9% year-over-year).
- 2020: Revenue of $3K, expenses of $35K, and assets of $34K (revenue +128.3% year-over-year).
- 2019: Revenue of $1K, expenses of $21K, and assets of $38K (revenue -98.8% year-over-year).
- 2018: Revenue of $126K, expenses of $167K, and assets of $43K (revenue +431.8% year-over-year).
- 2017: Revenue of $24K, expenses of $61K, and assets of $144K.
- 2016: Revenue of $0, expenses of $216, and assets of $120K (revenue -100.0% year-over-year).
- 2015: Revenue of $167K, expenses of $363K, and assets of $127K (revenue +1293.1% year-over-year).
- 2014: Revenue of $12K, expenses of $59K, and assets of $326K (revenue -97.0% year-over-year).
- 2013: Revenue of $394K, expenses of $36K, and assets of $404K (revenue +2152.2% year-over-year).
- 2012: Revenue of $18K, expenses of $55K, and assets of $45K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Future Of Plastics Foundation:
Data Sources and Methodology
This transparency report for Future Of Plastics 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.