Al-basit Foundation is a 501(c)(3) organization based in Richmond, Texas, registered in 2020, with $125,435 in FY2025 revenue. CharityIndex grades it C+.
Revenue (FY2025)
$125K
▲ 24.0% vs prior year
International median: $227K
Expenses (FY2025)
$132K
Net assets
$9,517
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Al-basit Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Al-basit Foundation: 1 mo reserves · -5% margin earns a C+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Al-basit Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Al-basit Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $3,201 (FY2020) to $125K (FY2025) across 6 reported years.
Financial snapshot
Operating margin
-4.9%
Spent more than it raised in the latest fiscal year.
Total assets
$9,517
Total liabilities
$0
Net assets
$9,517
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2025 | $125,435▲24.0% | $131,573▲24.1% | $9,517▼39.2% | $9,517▼39.2% | 990EZ |
| 2024 | $101,170▼33.5% | $106,057▼22.8% | $15,655▼23.8% | $15,655▼23.8% | 990EZ |
| 2023 | $152,070▼3.8% | $137,448▼14.2% | $20,542▲247% | $20,542▲247% | 990EZ |
| 2022 | $158,056▲6.8% | $160,118▲37.3% | $5,920▲83.2% | $5,920▲83.2% | 990EZ |
| 2021 | $147,947▲4522% | $116,659▲100468% | $3,232▲1.5% | $3,232▲1.5% | 990EZ |
| 2020 | $3,201 | $116 | $3,185 | $3,185 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Al-basit Foundation (EIN 85-1754571) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.