Advancement Foundation
Advancement Foundation shows consistent growth and strong financial management with no reported officer compensation.
EIN: 205922663 · Vinton, VA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $655K |
| Program Spending | 85% |
| Net Assets | $598K |
| Transparency Score | 88/100 |
Is Advancement Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Advancement Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Advancement Foundation
Advancement Foundation (EIN: 205922663) is a nonprofit organization based in Vinton, VA. The organization reported total revenue of $1.2M and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Advancement Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Advancement Foundation is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 16.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $655K |
| Surplus / Deficit | +$391K |
| Total Assets | $1.6M |
| Total Liabilities | $997K |
| Net Assets | $598K |
| Operating Margin | 37.4% |
| Debt-to-Asset Ratio | 62.5% |
| Months of Reserves | 29.2 months |
Financial Health Grade: A
In 2023, Advancement Foundation reported a surplus of $391K with revenue exceeding expenses, holds 29.2 months of operating reserves (strong position), has a debt-to-asset ratio of 62.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Advancement Foundation's revenue has grown at a compound annual growth rate (CAGR) of 16.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +25.9% | -22.7% | +44.1% |
| 2022 | -31.1% | +63.7% | +4.6% |
| 2021 | +156.0% | +10.9% | +148.7% |
| 2020 | +13.1% | +10.5% | +29.3% |
| 2019 | +49.3% | +42.8% | -0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Advancement Foundation with a Mission Score of 88 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Advancement Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $391K, with revenue exceeding expenses.
- Debt-to-asset ratio: 62.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting a volunteer-led executive team or compensation structured in a way that is not categorized as officer compensation on the 990, which is highly favorable for donor perception.
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 Advancement Foundation's IRS 990 filings:
- Liabilities increased significantly in 2023 to $997,000, which warrants further investigation into their nature.
Strengths
The following positive indicators were identified for Advancement Foundation:
- Consistent revenue growth, from $182,646 in 2014 to $1,045,792 in 2023.
- Healthy asset growth, reaching $1,595,034 in 2023.
- Consistent reporting of 0% officer compensation across all filings.
- Generally operates with a surplus, indicating effective expense management.
- Strong financial stability with assets significantly exceeding liabilities in most years.
Frequently Asked Questions about Advancement Foundation
Is Advancement Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Advancement Foundation (EIN: 205922663) some concerns. Mission Score: 88/100. 1 red flag identified, 5 strengths noted.
How does Advancement Foundation spend its money?
Advancement Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Advancement Foundation tax-deductible?
Advancement Foundation is registered as a tax-exempt nonprofit (EIN: 205922663). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Advancement Foundation's spending goes to programs?
Advancement Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Advancement Foundation located?
Advancement Foundation is headquartered in Vinton, Virginia and files with the IRS under EIN 205922663.
How many years of IRS 990 filings does Advancement Foundation have?
Advancement Foundation has 13 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 $1.2M in total revenue.
Is Advancement Foundation a good charity?
Based on the provided data, Advancement Foundation appears to be a well-managed charity. It has shown consistent revenue growth, maintained healthy asset levels, and consistently reported 0% officer compensation, indicating a strong commitment to directing funds towards its mission.
How has the organization's financial health changed over time?
The organization has demonstrated significant financial growth. Revenue increased from $182,646 in 2014 to $1,045,792 in 2023, and assets grew from $283,622 to $1,595,034 in the same period, indicating robust expansion and financial stability.
What is the organization's approach to executive compensation?
The Advancement Foundation consistently reports 0% officer compensation in all available filings, suggesting that its executive leadership may be volunteer-based or compensated through non-officer categories, which is a positive sign for resource allocation.
Filing History
IRS 990 filing history for Advancement Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Advancement Foundation's revenue has grown by 541.7%, moving from $163K to $1.0M. Total assets increased by 423.6% over the same period, from $305K to $1.6M. Total functional expenses rose by 324.3%, from $154K to $655K. In its most recent filing year (2023), Advancement Foundation reported a surplus of $391K, with revenue exceeding expenses. The organization holds $997K in liabilities against $1.6M in assets (debt-to-asset ratio: 62.5%), resulting in net assets of $598K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $655K | $1.6M | $997K | — | View 990 |
| 2022 | $831K | $846K | $1.1M | $874K | — | View 990 |
| 2021 | $1.2M | $517K | $1.1M | $327K | — | View 990 |
| 2020 | $471K | $466K | $425K | $389K | — | View 990 |
| 2019 | $416K | $422K | $329K | $297K | — | View 990 |
| 2018 | $279K | $295K | $330K | $293K | — | View 990 |
| 2017 | $523K | $493K | $328K | $274K | — | View 990 |
| 2016 | $425K | $411K | $276K | $252K | — | View 990 |
| 2015 | $316K | $340K | $278K | $252K | — | View 990 |
| 2014 | $183K | $127K | $284K | $238K | — | View 990 |
| 2013 | $195K | $176K | $283K | $236K | — | View 990 |
| 2012 | $205K | $200K | $300K | $268K | — | View 990 |
| 2011 | $163K | $154K | $305K | $278K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $655K, and assets of $1.6M (revenue +25.9% year-over-year).
- 2022: Revenue of $831K, expenses of $846K, and assets of $1.1M (revenue -31.1% year-over-year).
- 2021: Revenue of $1.2M, expenses of $517K, and assets of $1.1M (revenue +156.0% year-over-year).
- 2020: Revenue of $471K, expenses of $466K, and assets of $425K (revenue +13.1% year-over-year).
- 2019: Revenue of $416K, expenses of $422K, and assets of $329K (revenue +49.3% year-over-year).
- 2018: Revenue of $279K, expenses of $295K, and assets of $330K (revenue -46.7% year-over-year).
- 2017: Revenue of $523K, expenses of $493K, and assets of $328K (revenue +23.1% year-over-year).
- 2016: Revenue of $425K, expenses of $411K, and assets of $276K (revenue +34.6% year-over-year).
- 2015: Revenue of $316K, expenses of $340K, and assets of $278K (revenue +73.0% year-over-year).
- 2014: Revenue of $183K, expenses of $127K, and assets of $284K (revenue -6.4% year-over-year).
- 2013: Revenue of $195K, expenses of $176K, and assets of $283K (revenue -4.8% year-over-year).
- 2012: Revenue of $205K, expenses of $200K, and assets of $300K (revenue +25.9% year-over-year).
- 2011: Revenue of $163K, expenses of $154K, and assets of $305K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Advancement Foundation:
Data Sources and Methodology
This transparency report for Advancement 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.