The Cloud Foundation
The Cloud Foundation consistently operates with a financial surplus and reports no officer compensation.
EIN: 201740623 · Colorado Spgs, CO · NTEE: D30 · Updated: 2026-03-28
Is The Cloud Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Cloud Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Cloud Foundation
The Cloud Foundation (EIN: 201740623) is a nonprofit organization based in Colorado Spgs, CO, classified under NTEE code D30. The organization reported total revenue of $375K and total assets of $547K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Cloud Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Cloud Foundation is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $484K |
| Total Expenses | $349K |
| Surplus / Deficit | +$136K |
| Total Assets | $581K |
| Total Liabilities | $3K |
| Net Assets | $578K |
| Operating Margin | 28.0% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 20.0 months |
Financial Health Grade: A
In 2023, The Cloud Foundation reported a surplus of $136K with revenue exceeding expenses, holds 20.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Cloud Foundation's revenue has grown at a compound annual growth rate (CAGR) of 9.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +52.6% | +12.5% | +28.9% |
| 2022 | -19.0% | -0.6% | +1.4% |
| 2021 | +5.1% | -30.9% | +10.6% |
| 2020 | -41.3% | +8.9% | -13.1% |
| 2019 | +57.1% | +32.6% | +88.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| 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 Cloud Foundation with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, The Cloud Foundation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $136K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's officers are not compensated, which is highly unusual for an organization with revenues consistently in the hundreds of thousands.
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 Cloud Foundation's IRS 990 filings:
- Lack of detailed program vs. administrative vs. fundraising expense breakdown in provided summary data (though 0% officer comp is a strong positive)
Strengths
The following positive indicators were identified for The Cloud Foundation:
- Consistent financial surpluses in recent years (e.g., $135,603 in 202312)
- 0% officer compensation reported across all filings, indicating high efficiency and dedication to mission
- Healthy and growing asset base ($581,450 in 202312)
- Low liabilities relative to assets ($3,408 in 202312)
- Consistent filing of IRS Form 990s, demonstrating transparency
Frequently Asked Questions about The Cloud Foundation
Is The Cloud Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Cloud Foundation (EIN: 201740623) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does The Cloud Foundation spend its money?
The Cloud Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Cloud Foundation tax-deductible?
The Cloud Foundation is registered as a tax-exempt nonprofit (EIN: 201740623). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is The Cloud Foundation a good charity?
Based on the available financial data, The Cloud Foundation appears to be a very good charity. It consistently generates surpluses, has a healthy asset base, and notably reports 0% officer compensation, suggesting a strong commitment to directing funds towards its mission.
How has The Cloud Foundation's revenue trended over time?
The Cloud Foundation's revenue has shown fluctuations but generally a positive trend. While there was a peak of $634,525 in 201912, recent years have seen revenues around $300,000-$400,000, with the latest filing (202312) showing a strong $484,155.
What is the organization's financial stability?
The organization demonstrates strong financial stability. It has consistently maintained a positive net asset position, with assets growing to $581,450 in 202312, and has generally operated with a surplus in recent years, indicating it can cover its liabilities and invest in its future.
Filing History
IRS 990 filing history for The Cloud Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Cloud Foundation's revenue has grown by 196.1%, moving from $163K to $484K. Total assets increased by 513.7% over the same period, from $95K to $581K. Total functional expenses rose by 97.6%, from $176K to $349K. In its most recent filing year (2023), The Cloud Foundation reported a surplus of $136K, with revenue exceeding expenses. The organization holds $3K in liabilities against $581K in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $578K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $484K | $349K | $581K | $3K | — | — |
| 2022 | $317K | $310K | $451K | $9K | — | View 990 |
| 2021 | $392K | $312K | $445K | $10K | — | View 990 |
| 2020 | $373K | $451K | $402K | $48K | — | View 990 |
| 2019 | $635K | $414K | $463K | $30K | — | View 990 |
| 2018 | $404K | $312K | $246K | $33K | — | View 990 |
| 2017 | $234K | $174K | $206K | $41K | — | View 990 |
| 2016 | $219K | $193K | $170K | $65K | — | View 990 |
| 2015 | $153K | $184K | $111K | $32K | — | — |
| 2014 | $299K | $253K | $137K | $28K | — | View 990 |
| 2013 | $225K | $227K | $79K | $16K | — | View 990 |
| 2012 | $128K | $154K | $66K | $1K | — | View 990 |
| 2011 | $163K | $176K | $95K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $484K, expenses of $349K, and assets of $581K (revenue +52.6% year-over-year).
- 2022: Revenue of $317K, expenses of $310K, and assets of $451K (revenue -19.0% year-over-year).
- 2021: Revenue of $392K, expenses of $312K, and assets of $445K (revenue +5.1% year-over-year).
- 2020: Revenue of $373K, expenses of $451K, and assets of $402K (revenue -41.3% year-over-year).
- 2019: Revenue of $635K, expenses of $414K, and assets of $463K (revenue +57.1% year-over-year).
- 2018: Revenue of $404K, expenses of $312K, and assets of $246K (revenue +72.8% year-over-year).
- 2017: Revenue of $234K, expenses of $174K, and assets of $206K (revenue +6.7% year-over-year).
- 2016: Revenue of $219K, expenses of $193K, and assets of $170K (revenue +42.8% year-over-year).
- 2015: Revenue of $153K, expenses of $184K, and assets of $111K (revenue -48.7% year-over-year).
- 2014: Revenue of $299K, expenses of $253K, and assets of $137K (revenue +32.7% year-over-year).
- 2013: Revenue of $225K, expenses of $227K, and assets of $79K (revenue +76.1% year-over-year).
- 2012: Revenue of $128K, expenses of $154K, and assets of $66K (revenue -21.8% year-over-year).
- 2011: Revenue of $163K, expenses of $176K, and assets of $95K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Cloud Foundation:
Data Sources and Methodology
This transparency report for The Cloud 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.