The Antero Charitable Foundation Inc
Antero Charitable Foundation reports zero revenue and assets in latest filing, indicating potential inactivity after years of fluctuating finances.
EIN: 202029784 · Wilmington, DE · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $86K |
| Program Spending | 80% |
| Net Assets | $212K |
| Transparency Score | 60/100 |
Is The Antero Charitable Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Antero Charitable Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Antero Charitable Foundation Inc
The Antero Charitable Foundation Inc (EIN: 202029784) is a nonprofit organization based in Wilmington, DE. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Antero Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Antero Charitable Foundation Inc is a micro nonprofit, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of -22.9%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $25K |
| Total Expenses | $86K |
| Surplus / Deficit | $-60,789 |
| Total Assets | $212K |
| Total Liabilities | $1 |
| Net Assets | $212K |
| Operating Margin | -243.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 29.6 months |
Financial Health Grade: B
In 2015, The Antero Charitable Foundation Inc reported a deficit of $61K with expenses exceeding revenue, holds 29.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 5 years of filings (2011–2015), The Antero Charitable Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -22.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -79.1% | -46.0% | -22.3% |
| 2014 | +271.6% | +22.5% | -12.7% |
| 2013 | -80.5% | +28.3% | -23.8% |
| 2012 | +133.8% | -32.5% | +18.4% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Antero Charitable Foundation Inc with a Mission Score of 60 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, The Antero Charitable Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $61K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% of expenses across all available filings, indicating that no officers or key employees are receiving salaries from the organization, which is positive for resource allocation.
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 The Antero Charitable Foundation Inc's IRS 990 filings:
- Latest filing shows $0 revenue and $0 assets, indicating potential cessation of operations.
- Expenses frequently exceeded revenue in multiple years (e.g., 2015, 2014, 2013, 2011), leading to asset depletion.
Strengths
The following positive indicators were identified for The Antero Charitable Foundation Inc:
- Consistently reports 0% officer compensation, indicating efficient use of funds for executive pay.
- Maintained minimal liabilities ($1) across all reported periods, suggesting good financial management of debt.
Frequently Asked Questions about The Antero Charitable Foundation Inc
Is The Antero Charitable Foundation Inc a legitimate charity?
The Antero Charitable Foundation Inc (EIN: 202029784) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 60/100. It has 5 years of IRS 990 filings on record. 2 red flags identified. 2 strengths noted. Financial health grade: B.
How does The Antero Charitable Foundation Inc spend its money?
The Antero Charitable Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Antero Charitable Foundation Inc tax-deductible?
The Antero Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202029784). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Antero Charitable Foundation Inc's spending goes to programs?
The Antero Charitable Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is The Antero Charitable Foundation Inc located?
The Antero Charitable Foundation Inc is headquartered in Wilmington, Delaware and files with the IRS under EIN 202029784.
How many years of IRS 990 filings does The Antero Charitable Foundation Inc have?
The Antero Charitable Foundation Inc has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Is The Antero Charitable Foundation Inc still active?
The latest IRS 990 filing reports $0 in both revenue and assets, strongly suggesting the organization is no longer active or has ceased operations.
What were the primary reasons for the decline in assets from $409,803 in 2012 to $0 in the latest filing?
The decline in assets is primarily due to expenses frequently exceeding revenue in several years (e.g., 2015, 2014, 2013, 2011), drawing down its reserves, culminating in the reported $0 assets in the most recent period.
How did the foundation manage to operate with expenses exceeding revenue in multiple years?
The foundation likely covered its expenses by drawing down its existing asset base, as evidenced by the decreasing asset values over the years when expenses outpaced revenue.
Filing History
IRS 990 filing history for The Antero Charitable Foundation Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), The Antero Charitable Foundation Inc's revenue has declined by 64.6%, moving from $70K to $25K. Total assets decreased by 38.8% over the same period, from $346K to $212K. Total functional expenses fell by 42.7%, from $150K to $86K. In its most recent filing year (2015), The Antero Charitable Foundation Inc reported a deficit of $61K, with expenses exceeding revenue. The organization holds $1 in liabilities against $212K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $212K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $25K | $86K | $212K | $1 | — | View 990 |
| 2014 | $119K | $159K | $273K | $1 | — | View 990 |
| 2013 | $32K | $130K | $312K | $1 | — | View 990 |
| 2012 | $165K | $101K | $410K | $1 | — | View 990 |
| 2011 | $70K | $150K | $346K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $25K, expenses of $86K, and assets of $212K (revenue -79.1% year-over-year).
- 2014: Revenue of $119K, expenses of $159K, and assets of $273K (revenue +271.6% year-over-year).
- 2013: Revenue of $32K, expenses of $130K, and assets of $312K (revenue -80.5% year-over-year).
- 2012: Revenue of $165K, expenses of $101K, and assets of $410K (revenue +133.8% year-over-year).
- 2011: Revenue of $70K, expenses of $150K, and assets of $346K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Antero Charitable Foundation Inc:
Data Sources and Methodology
This transparency report for The Antero Charitable 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.