Fr8auctions Humanitarian Aid Foundation

Nonprofit profile at a glance

EIN
270738070
IRS 990-PF coverage
2022–2023
Forms available
Form 990-PF 2023
Location
Newark, DE, USA
Phone
3029942000
Rating
44
Verdict
MIXED
Rating confidence
Moderate
Sector
Philanthropy, Charity, Voluntarism Promotion

Reported finances

Revenue
$64,507
Expenses
$74,869

Source: IRS Form 990-PF. Selected filing: tax year 2023. Amounts in USD.

Overview

Mission

Philanthropy, Charity, Voluntarism Promotion

What it reported funding in 2023

The foundation reported 4 grants totaling $46,000. The stated grant purposes included south korea mission trip, medical bills, and kendall scott tuition gift, plus 1 other reported purpose.

Operating model

Revenue model
Other-operating. 100% of the foundation's positive operating resources came from other operating revenue.
Distribution model
Grant intermediary. The foundation distributed 100% of its reported charitable disbursements as grants.

The verdict

MIXED - The filing identifies who received its grants and a large share of spending goes to grants. Assets provide a limited cushion relative to annual grants.

Rating breakdown

  • Grant Deployment: NotEnoughData
  • Cost Efficiency: 61
  • Transparency: 100
  • Compliance: 50
  • Endowment Health: 14

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: Limited

Cost Efficiency

  • Grant expense ratio: 61.4%; rating input score 61; 28th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: Limited
  • Filing consistency checks: 9; rating input score 100

Endowment Health

  • Endowment-health comparison: 3.05; rating input score 14; 14th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: Filed payout detail
  • Trustees: Filed trustees detail
  • Self-dealing: Filed self-dealing detail
  • Investments: 14th percentile for endowment coverage
  • Consistency: 9 of 9 current checks pass
  • Filing history: 2 filing years from 2022 to 2023
  • Money network: 5 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Endowment Health: Endowment-health comparison scored 14/100.