Joe Andruzzi Foundation Inc
EIN: 262017043 · North Attleboro, MA · NTEE: G30
| Metric | Value |
|---|---|
| Total Revenue | $6.1M |
| Total Expenses | $3.6M |
| Net Assets | $3.6M |
Is Joe Andruzzi Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Joe Andruzzi Foundation Inc
Joe Andruzzi Foundation Inc (EIN: 262017043) is a nonprofit organization based in North Attleboro, MA, classified under NTEE code G30. The organization reported total revenue of $6.1M and total assets of $4.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Joe Andruzzi Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Joe Andruzzi Foundation Inc is a mid-size nonprofit that has been operating for 18 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 17.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.7M |
| Total Expenses | $3.6M |
| Surplus / Deficit | $-910,978 |
| Total Assets | $3.8M |
| Total Liabilities | $219K |
| Net Assets | $3.6M |
| Operating Margin | -33.9% |
| Debt-to-Asset Ratio | 5.8% |
| Months of Reserves | 12.6 months |
Financial Health Grade: B
In 2023, Joe Andruzzi Foundation Inc reported a deficit of $911K with expenses exceeding revenue, holds 12.6 months of operating reserves (strong position), has a debt-to-asset ratio of 5.8% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Joe Andruzzi Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 17.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -45.7% | +15.4% | -16.9% |
| 2022 | +28.3% | +24.9% | +66.7% |
| 2021 | +75.2% | +15.8% | +111.9% |
| 2020 | -3.6% | -35.7% | +4.9% |
| 2019 | +4.2% | +42.2% | -5.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Joe Andruzzi Foundation Inc 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 Joe Andruzzi Foundation Inc 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 deficit of $911K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.8%.
Frequently Asked Questions about Joe Andruzzi Foundation Inc
Is Joe Andruzzi Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Joe Andruzzi Foundation Inc (EIN: 262017043) insufficient data. 0 red flags identified, 0 strengths noted.
How does Joe Andruzzi Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Joe Andruzzi Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Joe Andruzzi Foundation Inc tax-deductible?
Joe Andruzzi Foundation Inc is registered as a tax-exempt nonprofit (EIN: 262017043). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Joe Andruzzi Foundation Inc located?
Joe Andruzzi Foundation Inc is headquartered in North Attleboro, Massachusetts and files with the IRS under EIN 262017043. It is classified under NTEE code G30.
How many years of IRS 990 filings does Joe Andruzzi Foundation Inc have?
Joe Andruzzi Foundation Inc has 14 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 $6.1M in total revenue.
Filing History
IRS 990 filing history for Joe Andruzzi Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Joe Andruzzi Foundation Inc's revenue has grown by 701.7%, moving from $335K to $2.7M. Total assets increased by 1062.1% over the same period, from $325K to $3.8M. Total functional expenses rose by 1271.2%, from $262K to $3.6M. In its most recent filing year (2023), Joe Andruzzi Foundation Inc reported a deficit of $911K, with expenses exceeding revenue. The organization holds $219K in liabilities against $3.8M in assets (debt-to-asset ratio: 5.8%), resulting in net assets of $3.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.7M | $3.6M | $3.8M | $219K | — | — |
| 2022 | $5.0M | $3.1M | $4.5M | $123K | — | View 990 |
| 2021 | $3.9M | $2.5M | $2.7M | $131K | — | View 990 |
| 2020 | $2.2M | $2.2M | $1.3M | $54K | — | View 990 |
| 2019 | $2.3M | $3.4M | $1.2M | $41K | — | View 990 |
| 2018 | $2.2M | $2.4M | $1.3M | $25K | — | View 990 |
| 2017 | $2.4M | $2.2M | $1.6M | $205K | — | View 990 |
| 2016 | $1.9M | $1.8M | $1.3M | $45K | — | View 990 |
| 2015 | $1.8M | $1.9M | $1.1M | $57K | — | View 990 |
| 2014 | $1.9M | $1.6M | $1.2M | $48K | — | View 990 |
| 2013 | $1.6M | $1.2M | $946K | $37K | — | View 990 |
| 2012 | $766K | $632K | $548K | $14K | — | View 990 |
| 2011 | $461K | $382K | $401K | $590 | — | View 990 |
| 2010 | $335K | $262K | $325K | $4K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $2.7M, expenses of $3.6M, and assets of $3.8M (revenue -45.7% year-over-year).
- 2022: Revenue of $5.0M, expenses of $3.1M, and assets of $4.5M (revenue +28.3% year-over-year).
- 2021: Revenue of $3.9M, expenses of $2.5M, and assets of $2.7M (revenue +75.2% year-over-year).
- 2020: Revenue of $2.2M, expenses of $2.2M, and assets of $1.3M (revenue -3.6% year-over-year).
- 2019: Revenue of $2.3M, expenses of $3.4M, and assets of $1.2M (revenue +4.2% year-over-year).
- 2018: Revenue of $2.2M, expenses of $2.4M, and assets of $1.3M (revenue -9.8% year-over-year).
- 2017: Revenue of $2.4M, expenses of $2.2M, and assets of $1.6M (revenue +24.9% year-over-year).
- 2016: Revenue of $1.9M, expenses of $1.8M, and assets of $1.3M (revenue +7.9% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.9M, and assets of $1.1M (revenue -4.1% year-over-year).
- 2014: Revenue of $1.9M, expenses of $1.6M, and assets of $1.2M (revenue +19.5% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.2M, and assets of $946K (revenue +105.7% year-over-year).
- 2012: Revenue of $766K, expenses of $632K, and assets of $548K (revenue +66.2% year-over-year).
- 2011: Revenue of $461K, expenses of $382K, and assets of $401K (revenue +37.6% year-over-year).
- 2010: Revenue of $335K, expenses of $262K, and assets of $325K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Joe Andruzzi Foundation Inc:
Data Sources and Methodology
This transparency report for Joe Andruzzi 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.