Sharon A Fordham Foundation Inc
Sharon A Fordham Foundation Inc. consistently spends more than its annual revenue, drawing down assets while maintaining zero officer compensation.
EIN: 200983799 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4K |
| Total Expenses | $80 |
| Program Spending | 80% |
| Net Assets | $236K |
| Transparency Score | 70/100 |
Is Sharon A Fordham Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sharon A Fordham Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sharon A Fordham Foundation Inc
Sharon A Fordham Foundation Inc (EIN: 200983799) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $4K and total assets of $227K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sharon A Fordham Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sharon A Fordham Foundation Inc is a micro nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11K |
| Total Expenses | $80 |
| Surplus / Deficit | +$11K |
| Total Assets | $236K |
| Total Liabilities | $1 |
| Net Assets | $236K |
| Operating Margin | 99.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 35421.3 months |
Financial Health Grade: A
In 2023, Sharon A Fordham Foundation Inc reported a surplus of $11K with revenue exceeding expenses, holds 35421.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Sharon A Fordham Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +648.8% | -99.8% | +4.7% |
| 2022 | -97.3% | +7.2% | -13.5% |
| 2021 | +3866.5% | +11.8% | +7.5% |
| 2020 | +442.8% | +6.8% | -10.7% |
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 Sharon A Fordham Foundation Inc with a Mission Score of 70 out of 100 (Good). 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: 80%
- fundraising: 0%
According to IRS 990 filings, Sharon A Fordham Foundation Inc allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $11K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that officers are not paid, which is a positive for resource allocation given the organization's size and fluctuating revenue.
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 Sharon A Fordham Foundation Inc's IRS 990 filings:
- Consistent negative net income (expenses exceeding revenue) in most years, indicating reliance on asset drawdowns.
- Significant decline in total assets over the past decade (from $405,104 to $227,467).
Strengths
The following positive indicators were identified for Sharon A Fordham Foundation Inc:
- Zero officer compensation reported across all filings, indicating efficient use of funds at the executive level.
- Very low liabilities (consistently $1), suggesting strong financial stability in terms of debt.
- Consistent filing of IRS Form 990s, demonstrating transparency.
Frequently Asked Questions about Sharon A Fordham Foundation Inc
Is Sharon A Fordham Foundation Inc a legitimate charity?
Sharon A Fordham Foundation Inc (EIN: 200983799) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $4K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Sharon A Fordham Foundation Inc spend its money?
Sharon A Fordham Foundation Inc directs 80% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Sharon A Fordham Foundation Inc tax-deductible?
Sharon A Fordham Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200983799). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Sharon A Fordham Foundation Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Sharon A Fordham Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sharon A Fordham Foundation Inc located?
Sharon A Fordham Foundation Inc is headquartered in Wilmington, Delaware and files with the IRS under EIN 200983799. It is classified under NTEE code T20.
How many years of IRS 990 filings does Sharon A Fordham Foundation Inc have?
Sharon A Fordham Foundation Inc has 10 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 $4K in total revenue.
How does the foundation cover its expenses when revenue is consistently lower?
The foundation appears to cover its expenses by drawing down its substantial asset base, as evidenced by expenses frequently exceeding revenue (e.g., $36,541 expenses vs. $1,420 revenue in 2022) and a decline in total assets over time from $405,104 in 2011 to $227,467 currently.
What is the specific purpose of the foundation's grants?
The provided NTEE code T20 indicates it is a Private Grantmaking Foundation, meaning its purpose is to make grants to other organizations. However, the specific types of causes or organizations it supports are not detailed in this financial summary.
Why has the foundation's asset base declined significantly over the past decade?
The asset base has declined from $405,104 in 2011 to $227,467 in 2023. This decline is likely due to the foundation's expenses frequently exceeding its revenue, requiring it to liquidate assets to fund its operations and grants.
Filing History
IRS 990 filing history for Sharon A Fordham Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Sharon A Fordham Foundation Inc's revenue has declined by 8.4%, moving from $12K to $11K. Total assets decreased by 41.7% over the same period, from $405K to $236K. Total functional expenses fell by 99.7%, from $29K to $80. In its most recent filing year (2023), Sharon A Fordham Foundation Inc reported a surplus of $11K, with revenue exceeding expenses. The organization holds $1 in liabilities against $236K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $236K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11K | $80 | $236K | $1 | — | — |
| 2022 | $1K | $37K | $226K | $1 | — | View 990 |
| 2021 | $52K | $34K | $261K | $1 | — | — |
| 2020 | $1K | $30K | $242K | $1 | — | View 990 |
| 2019 | $243 | $29K | $272K | $1 | — | — |
| 2015 | $-5,247 | $7K | $367K | $1 | — | View 990 |
| 2014 | $62K | $33K | $379K | $1 | — | View 990 |
| 2013 | $25K | $40K | $349K | $1 | — | View 990 |
| 2012 | $13K | $54K | $364K | $1 | — | View 990 |
| 2011 | $12K | $29K | $405K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11K, expenses of $80, and assets of $236K (revenue +648.8% year-over-year).
- 2022: Revenue of $1K, expenses of $37K, and assets of $226K (revenue -97.3% year-over-year).
- 2021: Revenue of $52K, expenses of $34K, and assets of $261K (revenue +3866.5% year-over-year).
- 2020: Revenue of $1K, expenses of $30K, and assets of $242K (revenue +442.8% year-over-year).
- 2019: Revenue of $243, expenses of $29K, and assets of $272K.
- 2015: Revenue of $-5,247, expenses of $7K, and assets of $367K (revenue -108.4% year-over-year).
- 2014: Revenue of $62K, expenses of $33K, and assets of $379K (revenue +151.3% year-over-year).
- 2013: Revenue of $25K, expenses of $40K, and assets of $349K (revenue +98.1% year-over-year).
- 2012: Revenue of $13K, expenses of $54K, and assets of $364K (revenue +8.1% year-over-year).
- 2011: Revenue of $12K, expenses of $29K, and assets of $405K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sharon A Fordham Foundation Inc:
Data Sources and Methodology
This transparency report for Sharon A Fordham 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.