University Of The Andes Foundation Inc

University Of The Andes Foundation Inc. shows volatile revenue and consistent deficit spending, maintaining substantial assets with no reported officer compensation.

EIN: 133082248 · New York, NY · NTEE: T12 · Updated: 2026-03-28

$3.0MRevenue

$9.0MAssets

75/100Mission Score (Good)

T12

About University Of The Andes Foundation Inc

University Of The Andes Foundation Inc (EIN: 133082248) is a nonprofit organization based in New York, NY, classified under NTEE code T12. The organization reported total revenue of $3.0M and total assets of $9.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of University Of The Andes Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The University Of The Andes Foundation Inc. exhibits inconsistent financial performance over the past several years, with significant fluctuations in revenue and expenses. For example, revenue dropped from $8,864,704 in 2017 to $233,261 in 2019, then rebounded to $2,158,813 in 2021 before declining again. The organization frequently reports expenses exceeding revenue, as seen in 2023 ($1,567,528 expenses vs. $1,524,794 revenue) and 2022 ($1,135,970 expenses vs. $570,412 revenue), indicating a reliance on prior year assets or other funding sources. While assets have generally remained robust, peaking at $12,864,855 in 2018, the consistent deficit spending raises questions about long-term financial sustainability if revenue trends do not stabilize.

The organization's transparency is commendable regarding executive compensation, as it consistently reports 0% officer compensation across all available filings. This suggests that the organization's leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which is a positive indicator for donor trust. However, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess spending efficiency. The NTEE code T12 (International, Foreign Affairs & National Security) suggests a focus on international educational support, which typically involves direct program grants or scholarships.

Despite the revenue volatility, the foundation maintains substantial assets, with $8,993,856 in 2023, providing a buffer against operational deficits. The liabilities have also shown fluctuations, reaching a high of $3,822,965 in 2021, which warrants attention. Overall, while the lack of officer compensation is a strong point for transparency, the erratic revenue and expense patterns, coupled with consistent deficit spending in recent years, suggest a need for more stable financial planning and clearer reporting on functional expenses to fully evaluate efficiency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates University Of The Andes Foundation Inc 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: 20%
programs: 70%
fundraising: 10%

According to IRS 990 filings, University Of The Andes Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either volunteer-based or compensated through non-officer categories, which is a positive sign for minimizing overhead related to top executive salaries.

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 University Of The Andes Foundation Inc's IRS 990 filings:

Inconsistent revenue generation with significant year-over-year fluctuations (e.g., $8.8M in 2017 to $0.2M in 2019).
Frequent deficit spending where expenses exceed revenue (e.g., 2023, 2022, 2021, 2020, 2019), indicating reliance on reserves.
Lack of detailed functional expense breakdown in provided data makes it difficult to assess true spending efficiency.

Strengths

The following positive indicators were identified for University Of The Andes Foundation Inc:

Consistent reporting of 0% officer compensation, indicating strong transparency regarding executive pay.
Maintains substantial assets ($8,993,856 in 2023) providing financial stability despite revenue volatility.
Long filing history (13 filings) indicates consistent compliance with IRS reporting requirements.

Frequently Asked Questions about University Of The Andes Foundation Inc

How does the organization sustain operations with frequent deficit spending, such as $1,567,528 in expenses against $1,524,794 in revenue in 2023?

The organization likely draws upon its substantial assets, which were $8,993,856 in 2023, to cover operational deficits when expenses exceed revenue.

What is the reason for the significant fluctuations in annual revenue, ranging from $8,864,704 in 2017 to $233,261 in 2019?

The filings do not provide specific reasons, but such volatility could be due to large, infrequent grants, major fundraising campaigns in certain years, or economic factors affecting donor contributions.

What is the detailed breakdown of program, administrative, and fundraising expenses, given that only total expenses are consistently reported?

The provided IRS 990 summary data does not offer a detailed functional expense breakdown, making it difficult to precisely determine the allocation of spending across these categories.

How does the organization manage its liabilities, which reached $3,822,965 in 2021?

The filings show liabilities fluctuating significantly, but without further detail, it's unclear if these are program-related payables, debt, or other obligations. The organization's substantial assets likely provide a buffer for managing these liabilities.

Filing History

IRS 990 filing history for University Of The Andes Foundation Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), University Of The Andes Foundation Inc's revenue has grown by 1346.1%, moving from $105K to $1.5M. Total assets increased by 122.1% over the same period, from $4.0M to $9.0M. Total functional expenses rose by 3112.7%, from $49K to $1.6M. In its most recent filing year (2023), University Of The Andes Foundation Inc reported a deficit of $43K, with expenses exceeding revenue. The organization holds $1.8M in liabilities against $9.0M in assets (debt-to-asset ratio: 19.9%), resulting in net assets of $7.2M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.5M	$1.6M	$9.0M	$1.8M	—	—
2022	$570K	$1.1M	$8.6M	$1.9M	—	View 990
2021	$2.2M	$2.6M	$11.2M	$3.8M	—	View 990
2020	$567K	$3.4M	$10.5M	$2.7M	—	—
2019	$233K	$1.0M	$12.1M	$2K	—	View 990
2018	$1.8M	$700K	$12.9M	$2K	—	View 990
2017	$8.9M	$465K	$11.7M	$3K	—	View 990
2016	$44K	$338K	$3.3M	$0	—	View 990
2015	$27K	$214K	$3.6M	$89	—	View 990
2014	$143K	$326K	$3.8M	$62	—	View 990
2013	$43K	$111K	$4.0M	$0	—	View 990
2012	$51K	$31K	$4.1M	$0	—	View 990
2011	$105K	$49K	$4.0M	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.5M, expenses of $1.6M, and assets of $9.0M (revenue +167.3% year-over-year).
2022: Revenue of $570K, expenses of $1.1M, and assets of $8.6M (revenue -73.6% year-over-year).
2021: Revenue of $2.2M, expenses of $2.6M, and assets of $11.2M (revenue +281.0% year-over-year).
2020: Revenue of $567K, expenses of $3.4M, and assets of $10.5M (revenue +142.9% year-over-year).
2019: Revenue of $233K, expenses of $1.0M, and assets of $12.1M (revenue -87.2% year-over-year).
2018: Revenue of $1.8M, expenses of $700K, and assets of $12.9M (revenue -79.4% year-over-year).
2017: Revenue of $8.9M, expenses of $465K, and assets of $11.7M (revenue +19869.6% year-over-year).
2016: Revenue of $44K, expenses of $338K, and assets of $3.3M (revenue +64.6% year-over-year).
2015: Revenue of $27K, expenses of $214K, and assets of $3.6M (revenue -81.1% year-over-year).
2014: Revenue of $143K, expenses of $326K, and assets of $3.8M (revenue +236.1% year-over-year).
2013: Revenue of $43K, expenses of $111K, and assets of $4.0M (revenue -16.5% year-over-year).
2012: Revenue of $51K, expenses of $31K, and assets of $4.1M (revenue -51.7% year-over-year).
2011: Revenue of $105K, expenses of $49K, and assets of $4.0M.

Data Sources and Methodology

This transparency report for University Of The Andes 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.