Isiaq Family Foundation
EIN: 844008596 · Davidsonville, MD · NTEE: B82
| Metric | Value |
|---|---|
| Total Revenue | $240K |
| Total Expenses | $4K |
| Net Assets | $2K |
Is Isiaq Family Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Isiaq Family Foundation
Isiaq Family Foundation (EIN: 844008596) is a nonprofit organization based in Davidsonville, MD, classified under NTEE code B82. The organization reported total revenue of $240K and total assets of $80K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Isiaq Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Isiaq Family Foundation is a small nonprofit that has been operating for 5 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 1610.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5K |
| Total Expenses | $4K |
| Surplus / Deficit | +$1K |
| Total Assets | $2K |
| Total Liabilities | $1 |
| Net Assets | $2K |
| Operating Margin | 22.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 6.7 months |
Financial Health Grade: A
In 2023, Isiaq Family Foundation reported a surplus of $1K with revenue exceeding expenses, holds 6.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 4 years of filings (2020–2023), Isiaq Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 1610.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.0% | -83.8% | +109.3% |
| 2022 | -75.0% | — | -94.9% |
| 2021 | +1999900.0% | — | +1999900.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Isiaq Family Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Isiaq Family Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Isiaq Family Foundation
Is Isiaq Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Isiaq Family Foundation (EIN: 844008596) insufficient data. 0 red flags identified, 0 strengths noted.
How does Isiaq Family Foundation spend its money?
Detailed spending breakdown data is not yet available for Isiaq Family Foundation. Check back for updated IRS 990 analysis.
Are donations to Isiaq Family Foundation tax-deductible?
Isiaq Family Foundation is registered as a tax-exempt nonprofit (EIN: 844008596). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Isiaq Family Foundation located?
Isiaq Family Foundation is headquartered in Davidsonville, Maryland and files with the IRS under EIN 844008596. It is classified under NTEE code B82.
How many years of IRS 990 filings does Isiaq Family Foundation have?
Isiaq Family Foundation has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $240K in total revenue.
Filing History
IRS 990 filing history for Isiaq Family Foundation showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Isiaq Family Foundation's revenue has grown by 499900%, moving from $1 to $5K. Total assets increased by 215300% over the same period, from $1 to $2K. In its most recent filing year (2023), Isiaq Family Foundation reported a surplus of $1K, with revenue exceeding expenses. The organization holds $1 in liabilities against $2K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5K | $4K | $2K | $1 | — | — |
| 2022 | $5K | $24K | $1K | $1 | — | View 990 |
| 2021 | $20K | $0 | $20K | $1 | — | — |
| 2020 | $1 | $0 | $1 | $1 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $5K, expenses of $4K, and assets of $2K (revenue +0.0% year-over-year).
- 2022: Revenue of $5K, expenses of $24K, and assets of $1K (revenue -75.0% year-over-year).
- 2021: Revenue of $20K, expenses of $0, and assets of $20K (revenue +1999900.0% year-over-year).
- 2020: Revenue of $1, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Isiaq Family Foundation:
Data Sources and Methodology
This transparency report for Isiaq Family 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.