The Carol A Ammon Foundation
Carol A Ammon Foundation experiences significant asset decline and expenses exceeding revenue in recent years.
EIN: 202029151 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
Is The Carol A Ammon Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Carol A Ammon Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Carol A Ammon Foundation
The Carol A Ammon Foundation (EIN: 202029151) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $163K and total assets of $3.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Carol A Ammon Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Carol A Ammon Foundation is a small nonprofit that has been operating for 21 years, with 9 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -0.2%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $163K |
| Total Expenses | $6.5M |
| Surplus / Deficit | $-6,314,897 |
| Total Assets | $3.8M |
| Total Liabilities | $1 |
| Net Assets | $3.8M |
| Operating Margin | -3873.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 7.0 months |
Financial Health Grade: B
In 2022, The Carol A Ammon Foundation reported a deficit of $6.3M with expenses exceeding revenue, holds 7.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2022), The Carol A Ammon Foundation's revenue has declined at a compound annual growth rate (CAGR) of -0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -97.3% | -62.2% | -62.6% |
| 2021 | +1600.8% | +969.1% | -52.2% |
| 2020 | -88.7% | -6.0% | -5.6% |
| 2019 | +10.2% | +20.3% | -0.3% |
| 2015 | -21.6% | +64.6% | +7.1% |
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 The Carol A Ammon Foundation with a Mission Score of 75 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, The Carol A Ammon Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $6.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that no officers receive salaries from the foundation, which is highly commendable for an organization of its asset size.
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 Carol A Ammon Foundation's IRS 990 filings:
- Significant decline in total assets from $22.4M in 2015 to $3.7M in 2022.
- Expenses ($6,477,915 in 2022) consistently exceeding revenue ($163,018 in 2022) in recent years, indicating reliance on asset drawdowns.
- Large fluctuations in annual revenue and expenses, making financial planning and impact assessment challenging.
Strengths
The following positive indicators were identified for The Carol A Ammon Foundation:
- Consistent reporting of 0% officer compensation, indicating high efficiency in executive pay.
- Minimal liabilities reported across all filings, suggesting sound debt management.
- Substantial asset base, even after decline, provides a foundation for future grantmaking.
Frequently Asked Questions about The Carol A Ammon Foundation
Is The Carol A Ammon Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Carol A Ammon Foundation (EIN: 202029151) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does The Carol A Ammon Foundation spend its money?
The Carol A Ammon Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Carol A Ammon Foundation tax-deductible?
The Carol A Ammon Foundation is registered as a tax-exempt nonprofit (EIN: 202029151). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is The Carol A Ammon Foundation a good charity?
The foundation demonstrates strong points like zero officer compensation and minimal liabilities. However, the significant decline in assets from over $22 million to $3.7 million and expenses frequently exceeding revenue in recent years raise questions about its long-term financial strategy and the nature of its large expenditures.
Why have the assets decreased so dramatically?
The assets have decreased from a high of $22,431,552 in 2015 to $3,773,572 in 2022. This could be due to substantial program distributions, significant investment losses, or a combination of factors. Further details from the 990s would be needed to pinpoint the exact reasons for this substantial reduction.
What is the primary use of the foundation's funds?
Given the NTEE code T22 (Private Grantmaking Foundations) and the significant expenses, it is highly probable that the majority of funds are distributed as grants to other organizations or individuals, aligning with the typical operations of a private foundation. The lack of officer compensation suggests administrative costs are very low.
Filing History
IRS 990 filing history for The Carol A Ammon Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2022), The Carol A Ammon Foundation's revenue has declined by 2.3%, moving from $167K to $163K. Total assets decreased by 77.6% over the same period, from $16.8M to $3.8M. Total functional expenses rose by 443.9%, from $1.2M to $6.5M. In its most recent filing year (2022), The Carol A Ammon Foundation reported a deficit of $6.3M, with expenses exceeding revenue. The organization holds $1 in liabilities against $3.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $163K | $6.5M | $3.8M | $1 | — | View 990 |
| 2021 | $6.1M | $17.1M | $10.1M | $1 | — | View 990 |
| 2020 | $358K | $1.6M | $21.1M | $1 | — | — |
| 2019 | $3.2M | $1.7M | $22.4M | $1 | — | View 990 |
| 2015 | $2.9M | $1.4M | $22.4M | $35K | — | View 990 |
| 2014 | $3.7M | $860K | $20.9M | $1 | — | View 990 |
| 2013 | $2.3M | $859K | $18.4M | $241 | — | View 990 |
| 2012 | $962K | $742K | $17.1M | $322 | — | View 990 |
| 2011 | $167K | $1.2M | $16.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $163K, expenses of $6.5M, and assets of $3.8M (revenue -97.3% year-over-year).
- 2021: Revenue of $6.1M, expenses of $17.1M, and assets of $10.1M (revenue +1600.8% year-over-year).
- 2020: Revenue of $358K, expenses of $1.6M, and assets of $21.1M (revenue -88.7% year-over-year).
- 2019: Revenue of $3.2M, expenses of $1.7M, and assets of $22.4M (revenue +10.2% year-over-year).
- 2015: Revenue of $2.9M, expenses of $1.4M, and assets of $22.4M (revenue -21.6% year-over-year).
- 2014: Revenue of $3.7M, expenses of $860K, and assets of $20.9M (revenue +58.7% year-over-year).
- 2013: Revenue of $2.3M, expenses of $859K, and assets of $18.4M (revenue +139.9% year-over-year).
- 2012: Revenue of $962K, expenses of $742K, and assets of $17.1M (revenue +476.3% year-over-year).
- 2011: Revenue of $167K, expenses of $1.2M, and assets of $16.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Carol A Ammon Foundation:
Data Sources and Methodology
This transparency report for The Carol A Ammon 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.