Santa Foundation Inc
Santa Foundation Inc. experiences sharp revenue decline and consistent operating losses.
EIN: 203093870 · Mobile, AL · NTEE: T50 · Updated: 2026-03-28
Is Santa Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Santa Foundation Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Santa Foundation Inc
Santa Foundation Inc (EIN: 203093870) is a nonprofit organization based in Mobile, AL, classified under NTEE code T50. The organization reported total revenue of $625 and total assets of $93 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Santa Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Santa Foundation Inc is a micro nonprofit that has been operating for 21 years, with 8 years of IRS 990 filings on record (2011–2018). Revenue has grown at a compound annual rate of -40.1%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $625 |
| Total Expenses | $836 |
| Surplus / Deficit | $-211 |
| Total Assets | $93 |
| Net Assets | $93 |
| Operating Margin | -33.8% |
| Months of Reserves | 1.3 months |
Financial Health Grade: C
In 2018, Santa Foundation Inc reported a deficit of $211 with expenses exceeding revenue, holds 1.3 months of operating reserves (limited).
Financial Trends
Over 8 years of filings (2011–2018), Santa Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -40.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | -86.1% | -93.5% | -69.4% |
| 2017 | -73.1% | -26.7% | -96.5% |
| 2016 | -19.3% | +35.0% | -8.1% |
| 2015 | +89.8% | -12.9% | +485.9% |
| 2014 | -8.4% | -10.8% | -71.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Santa Foundation Inc with a Mission Score of 35 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Santa 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 (2018)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $211, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all filings, indicating that its leadership is likely volunteer-based and not drawing a salary, which is positive for minimizing administrative costs.
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 Santa Foundation Inc's IRS 990 filings:
- Significant and consistent decline in revenue, from $23,951 in 2012 to $625 in 2018.
- Expenses consistently exceeding revenue in recent years (e.g., $836 expenses vs. $625 revenue in 2018), indicating operating losses.
- Drastic reduction in assets from a high of $10,322 in 2012 to just $93 in 2018, suggesting a depletion of financial reserves.
- Small asset base ($93) provides virtually no financial cushion for future operations.
Strengths
The following positive indicators were identified for Santa Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating volunteer leadership and low administrative overhead in this area.
- No reported liabilities across all filings, suggesting the organization is not accumulating debt.
Frequently Asked Questions about Santa Foundation Inc
Is Santa Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Santa Foundation Inc (EIN: 203093870) significant concerns. Mission Score: 35/100. 4 red flags identified, 2 strengths noted.
How does Santa Foundation Inc spend its money?
Santa Foundation Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Santa Foundation Inc tax-deductible?
Santa Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203093870). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Santa Foundation Inc. financially stable?
No, the Santa Foundation Inc. is not financially stable. Its revenue has drastically decreased from $23,951 in 2012 to $625 in 2018, and expenses have consistently exceeded revenue in recent years, leading to operating losses and a significant reduction in assets to just $93.
What caused the significant drop in revenue?
The provided IRS 990 data does not specify the exact causes for the revenue decline. However, the trend shows a consistent decrease from $23,951 in 2012 to $625 in 2018, suggesting a potential loss of funding sources or reduced fundraising effectiveness.
How does the organization fund its operations with such low revenue?
With revenue of only $625 in 2018 and expenses of $836, the organization is operating at a deficit. It appears to be drawing down its minimal remaining assets, which stood at $93 in 2018, or relying on very short-term, unrecorded contributions to cover immediate costs.
Filing History
IRS 990 filing history for Santa Foundation Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2018), Santa Foundation Inc's revenue has declined by 97.2%, moving from $23K to $625. Total assets decreased by 99% over the same period, from $9K to $93. Total functional expenses fell by 96.4%, from $23K to $836. In its most recent filing year (2018), Santa Foundation Inc reported a deficit of $211, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $625 | $836 | $93 | $0 | — | View 990 |
| 2017 | $5K | $13K | $304 | $0 | — | View 990 |
| 2016 | $17K | $18K | $9K | $0 | — | View 990 |
| 2015 | $21K | $13K | $9K | $0 | — | View 990 |
| 2014 | $11K | $15K | $2K | $0 | — | View 990 |
| 2013 | $12K | $17K | $6K | $0 | — | View 990 |
| 2012 | $24K | $23K | $10K | $0 | — | View 990 |
| 2011 | $23K | $23K | $9K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $625, expenses of $836, and assets of $93 (revenue -86.1% year-over-year).
- 2017: Revenue of $5K, expenses of $13K, and assets of $304 (revenue -73.1% year-over-year).
- 2016: Revenue of $17K, expenses of $18K, and assets of $9K (revenue -19.3% year-over-year).
- 2015: Revenue of $21K, expenses of $13K, and assets of $9K (revenue +89.8% year-over-year).
- 2014: Revenue of $11K, expenses of $15K, and assets of $2K (revenue -8.4% year-over-year).
- 2013: Revenue of $12K, expenses of $17K, and assets of $6K (revenue -50.1% year-over-year).
- 2012: Revenue of $24K, expenses of $23K, and assets of $10K (revenue +5.7% year-over-year).
- 2011: Revenue of $23K, expenses of $23K, and assets of $9K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Santa Foundation Inc:
Data Sources and Methodology
This transparency report for Santa 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.