Ilene L Engel Foundation Inc
Ilene L Engel Foundation Inc faces severe financial decline with consistent deficit spending and rapidly depleting assets.
EIN: 200892371 · Birmingham, AL · NTEE: T20 · Updated: 2026-03-28
Is Ilene L Engel Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ilene L Engel Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Ilene L Engel Foundation Inc
Ilene L Engel Foundation Inc (EIN: 200892371) is a nonprofit organization based in Birmingham, AL, classified under NTEE code T20. The organization reported total revenue of $316K and total assets of $68K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ilene L Engel Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ilene L Engel Foundation Inc is a small nonprofit that has been operating for 21 years, with 9 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -20.2%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $44K |
| Total Expenses | $254K |
| Surplus / Deficit | $-210,323 |
| Total Assets | $554K |
| Total Liabilities | $6K |
| Net Assets | $548K |
| Operating Margin | -480.9% |
| Debt-to-Asset Ratio | 1.1% |
| Months of Reserves | 26.1 months |
Financial Health Grade: B
In 2022, Ilene L Engel Foundation Inc reported a deficit of $210K with expenses exceeding revenue, holds 26.1 months of operating reserves (strong position), has a debt-to-asset ratio of 1.1% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2022), Ilene L Engel Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -20.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -18.4% | -1.2% | -26.8% |
| 2021 | -46.4% | -11.1% | -21.4% |
| 2020 | -52.5% | +21.6% | -16.3% |
| 2019 | -24.3% | +8.7% | -16.6% |
| 2015 | -13.1% | +43.6% | +4.6% |
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 Ilene L Engel Foundation Inc with a Mission Score of 30 out of 100 (Poor). 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, Ilene L Engel Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $210K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating no direct salary payments to officers, which is a positive sign for minimizing administrative overhead related to executive pay.
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 Ilene L Engel Foundation Inc's IRS 990 filings:
- Consistent and significant deficit spending (e.g., 2022 expenses $254,057 vs. revenue $43,734).
- Rapid and substantial decline in total assets (from $1,379,193 in 2015 to $67,701 currently).
- Unsustainable financial model with expenses consistently far exceeding revenue.
- Lack of detailed expense breakdown to properly assess program efficiency.
Strengths
The following positive indicators were identified for Ilene L Engel Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating no direct executive salary expenses.
Frequently Asked Questions about Ilene L Engel Foundation Inc
Is Ilene L Engel Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ilene L Engel Foundation Inc (EIN: 200892371) significant concerns. Mission Score: 30/100. 4 red flags identified, 1 strength noted.
How does Ilene L Engel Foundation Inc spend its money?
Ilene L Engel Foundation Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ilene L Engel Foundation Inc tax-deductible?
Ilene L Engel Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200892371). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the detailed breakdown of program, administrative, and fundraising expenses for recent years?
The provided data does not offer a detailed breakdown of expenses, making it difficult to assess spending efficiency beyond total expenses.
What is the plan to address the consistent and significant deficit spending?
The financial data shows consistent spending far exceeding revenue, leading to a rapid decline in assets. A clear strategy to reverse this trend is critical for the organization's survival.
Why have the organization's assets decreased so dramatically from over $1.3 million in 2015 to $67,701 currently?
The substantial and continuous deficit spending, where expenses consistently outpace revenue, is the primary driver for the rapid depletion of assets over the past several years.
What specific programs or activities does the Ilene L Engel Foundation Inc fund or operate?
The provided financial summary does not detail the specific programs or activities of the foundation, only its financial performance.
Filing History
IRS 990 filing history for Ilene L Engel Foundation Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2022), Ilene L Engel Foundation Inc's revenue has declined by 91.6%, moving from $521K to $44K. Total assets decreased by 26.4% over the same period, from $752K to $554K. Total functional expenses rose by 364%, from $55K to $254K. In its most recent filing year (2022), Ilene L Engel Foundation Inc reported a deficit of $210K, with expenses exceeding revenue. The organization holds $6K in liabilities against $554K in assets (debt-to-asset ratio: 1.1%), resulting in net assets of $548K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $44K | $254K | $554K | $6K | — | — |
| 2021 | $54K | $257K | $757K | $659 | — | — |
| 2020 | $100K | $289K | $963K | $4K | — | — |
| 2019 | $211K | $238K | $1.2M | $2K | — | View 990 |
| 2015 | $278K | $219K | $1.4M | $609 | — | View 990 |
| 2014 | $320K | $152K | $1.3M | $0 | — | View 990 |
| 2013 | $139K | $149K | $1.2M | $0 | — | View 990 |
| 2012 | $553K | $144K | $1.2M | $0 | — | View 990 |
| 2011 | $521K | $55K | $752K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $44K, expenses of $254K, and assets of $554K (revenue -18.4% year-over-year).
- 2021: Revenue of $54K, expenses of $257K, and assets of $757K (revenue -46.4% year-over-year).
- 2020: Revenue of $100K, expenses of $289K, and assets of $963K (revenue -52.5% year-over-year).
- 2019: Revenue of $211K, expenses of $238K, and assets of $1.2M (revenue -24.3% year-over-year).
- 2015: Revenue of $278K, expenses of $219K, and assets of $1.4M (revenue -13.1% year-over-year).
- 2014: Revenue of $320K, expenses of $152K, and assets of $1.3M (revenue +129.5% year-over-year).
- 2013: Revenue of $139K, expenses of $149K, and assets of $1.2M (revenue -74.8% year-over-year).
- 2012: Revenue of $553K, expenses of $144K, and assets of $1.2M (revenue +6.2% year-over-year).
- 2011: Revenue of $521K, expenses of $55K, and assets of $752K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ilene L Engel Foundation Inc:
Data Sources and Methodology
This transparency report for Ilene L Engel 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.