The Fifteen Group Foundation
The Fifteen Group Foundation maintains substantial assets despite volatile revenue and expenses, with no officer compensation reported.
EIN: 208761978 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $44K |
| Total Expenses | $14K |
| Program Spending | 80% |
| Net Assets | $1.4M |
| Transparency Score | 70/100 |
Is The Fifteen Group Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Fifteen Group Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Fifteen Group Foundation
The Fifteen Group Foundation (EIN: 208761978) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $44K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Fifteen Group Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Fifteen Group Foundation is a micro nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $39K |
| Total Expenses | $14K |
| Surplus / Deficit | +$25K |
| Total Assets | $1.4M |
| Total Liabilities | $1 |
| Net Assets | $1.4M |
| Operating Margin | 65.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 1267.7 months |
Financial Health Grade: A
In 2023, The Fifteen Group Foundation reported a surplus of $25K with revenue exceeding expenses, holds 1267.7 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), The Fifteen Group Foundation's revenue has declined at a compound annual growth rate (CAGR) of -0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +305.5% | -96.9% | +1.8% |
| 2022 | -89.1% | +3.4% | -17.0% |
| 2021 | -8.9% | +297.2% | -16.4% |
| 2020 | -86.7% | +104.5% | -0.5% |
| 2019 | +12103.6% | -0.2% | +122.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Fifteen Group Foundation 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, The Fifteen Group Foundation 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $25K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all filings, indicating that no executive salaries are paid, which is highly favorable for donor confidence and resource allocation to mission-related activities.
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 Fifteen Group Foundation's IRS 990 filings:
- Significant net losses in 2021 ($331,174) and 2022 ($423,075) raise questions about financial sustainability.
- Highly volatile revenue streams make long-term financial planning and program consistency challenging.
- Lack of detailed expense breakdown in provided data prevents a thorough analysis of program efficiency.
Strengths
The following positive indicators were identified for The Fifteen Group Foundation:
- Consistently reports 0% officer compensation, indicating all funds are directed away from executive salaries.
- Maintains very low liabilities ($1), suggesting strong financial management and minimal debt.
- Possesses a substantial asset base ($1,458,047) which provides financial stability despite revenue fluctuations.
Frequently Asked Questions about The Fifteen Group Foundation
Is The Fifteen Group Foundation a legitimate charity?
The Fifteen Group Foundation (EIN: 208761978) 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: $44K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does The Fifteen Group Foundation spend its money?
The Fifteen Group Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Fifteen Group Foundation tax-deductible?
The Fifteen Group Foundation is registered as a tax-exempt nonprofit (EIN: 208761978). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Fifteen Group Foundation's spending goes to programs?
The Fifteen Group Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Fifteen Group Foundation compare to similar nonprofits?
With a transparency score of 70/100 (Good), The Fifteen Group Foundation 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 The Fifteen Group Foundation located?
The Fifteen Group Foundation is headquartered in Wilmington, Delaware and files with the IRS under EIN 208761978. It is classified under NTEE code T20.
How many years of IRS 990 filings does The Fifteen Group Foundation have?
The Fifteen Group Foundation 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 $44K in total revenue.
Is The Fifteen Group Foundation a good charity?
The Fifteen Group Foundation demonstrates strong financial transparency regarding executive compensation (0%) and low liabilities ($1). However, without a detailed breakdown of expenses, it's challenging to fully assess its program effectiveness and spending efficiency. The significant fluctuations in revenue and expenses, particularly large net losses in 2021 and 2022, warrant further investigation into the nature of its activities and funding stability.
What caused the large expense spikes in 2021 and 2022?
The provided data does not specify the nature of the expenses. In 2021, expenses were $418,388 against $87,214 in revenue, and in 2022, expenses were $432,589 against $9,514 in revenue. These significant expenditures, far exceeding revenue in those periods, would require reviewing the full IRS 990 forms for detailed expense categories to understand their purpose.
How does the organization sustain itself with such volatile revenue?
The organization appears to sustain itself through its substantial asset base, which was $1,458,047 in the latest period. While revenue has been volatile, the assets provide a buffer and potential source of investment income or capital for operations, especially during periods of low revenue or high expenses.
Filing History
IRS 990 filing history for The Fifteen Group Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Fifteen Group Foundation's revenue has declined by 5.1%, moving from $41K to $39K. Total assets increased by 148.6% over the same period, from $574K to $1.4M. Total functional expenses fell by 52.1%, from $28K to $14K. In its most recent filing year (2023), The Fifteen Group Foundation reported a surplus of $25K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $39K | $14K | $1.4M | $1 | — | — |
| 2022 | $10K | $433K | $1.4M | $1 | — | — |
| 2021 | $87K | $418K | $1.7M | $1 | — | — |
| 2020 | $96K | $105K | $2.0M | $1 | — | — |
| 2019 | $717K | $52K | $2.0M | $1 | — | View 990 |
| 2015 | $6K | $52K | $913K | $1 | — | View 990 |
| 2014 | $373K | $31K | $958K | $1 | — | View 990 |
| 2013 | $39K | $34K | $616K | $1 | — | View 990 |
| 2012 | $65K | $29K | $610K | $1 | — | View 990 |
| 2011 | $41K | $28K | $574K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $39K, expenses of $14K, and assets of $1.4M (revenue +305.5% year-over-year).
- 2022: Revenue of $10K, expenses of $433K, and assets of $1.4M (revenue -89.1% year-over-year).
- 2021: Revenue of $87K, expenses of $418K, and assets of $1.7M (revenue -8.9% year-over-year).
- 2020: Revenue of $96K, expenses of $105K, and assets of $2.0M (revenue -86.7% year-over-year).
- 2019: Revenue of $717K, expenses of $52K, and assets of $2.0M (revenue +12103.6% year-over-year).
- 2015: Revenue of $6K, expenses of $52K, and assets of $913K (revenue -98.4% year-over-year).
- 2014: Revenue of $373K, expenses of $31K, and assets of $958K (revenue +850.7% year-over-year).
- 2013: Revenue of $39K, expenses of $34K, and assets of $616K (revenue -39.6% year-over-year).
- 2012: Revenue of $65K, expenses of $29K, and assets of $610K (revenue +60.1% year-over-year).
- 2011: Revenue of $41K, expenses of $28K, and assets of $574K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Fifteen Group Foundation:
Data Sources and Methodology
This transparency report for The Fifteen Group 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.