American Waldensian Aid Society
American Waldensian Aid Society maintains stable assets with no reported officer compensation.
EIN: 135562166 · Valdese, NC · Updated: 2026-03-28
Is American Waldensian Aid Society Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
American Waldensian Aid Society directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About American Waldensian Aid Society
American Waldensian Aid Society (EIN: 135562166) is a nonprofit organization based in Valdese, NC. The organization reported total revenue of $397K and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of American Waldensian Aid Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
American Waldensian Aid Society is a small nonprofit that has been operating for 88 years, with 13 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 | $215K |
| Total Expenses | $237K |
| Surplus / Deficit | $-22,137 |
| Total Assets | $1.7M |
| Total Liabilities | $132K |
| Net Assets | $1.6M |
| Operating Margin | -10.3% |
| Debt-to-Asset Ratio | 7.7% |
| Months of Reserves | 86.9 months |
Financial Health Grade: B
In 2023, American Waldensian Aid Society reported a deficit of $22K with expenses exceeding revenue, holds 86.9 months of operating reserves (strong position), has a debt-to-asset ratio of 7.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), American Waldensian Aid Society's revenue has declined at a compound annual growth rate (CAGR) of -0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.5% | +52.0% | +7.9% |
| 2022 | -21.1% | -33.9% | -12.3% |
| 2021 | +19.8% | -0.4% | +8.9% |
| 2020 | -9.6% | -0.2% | +5.2% |
| 2019 | -1.5% | +3.9% | +11.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1938 |
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 American Waldensian Aid Society 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, American Waldensian Aid Society 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 deficit of $22K, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.7%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated below IRS reporting thresholds, which is highly favorable for a nonprofit of its size with assets exceeding $1.7 million.
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 American Waldensian Aid Society's IRS 990 filings:
- NTEE Code is unknown, which can make it harder to categorize and compare the organization's mission and activities with peers.
Strengths
The following positive indicators were identified for American Waldensian Aid Society:
- Consistent 0% reported officer compensation, indicating highly efficient use of funds for leadership.
- Stable and growing asset base, increasing from $1.4 million in 2014 to $1.7 million in 2023.
- Manageable liabilities, consistently around $100,000-$130,000, relative to its asset size.
- Long filing history (13 filings) demonstrates consistent compliance and transparency.
Frequently Asked Questions about American Waldensian Aid Society
Is American Waldensian Aid Society a legitimate charity?
Based on AI analysis of IRS 990 filings, American Waldensian Aid Society (EIN: 135562166) some concerns. Mission Score: 88/100. 1 red flag identified, 4 strengths noted.
How does American Waldensian Aid Society spend its money?
American Waldensian Aid Society directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to American Waldensian Aid Society tax-deductible?
American Waldensian Aid Society is registered as a tax-exempt nonprofit (EIN: 135562166). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is American Waldensian Aid Society a good charity?
Based on the available financial data, the American Waldensian Aid Society appears to be a well-managed organization with stable assets and a strong commitment to minimizing administrative costs, as evidenced by 0% reported officer compensation. Its consistent financial health and asset growth are positive indicators.
How does American Waldensian Aid Society manage its expenses when revenue is sometimes lower?
In several periods (e.g., 2023, 2021, 2020), expenses exceeded revenue. This suggests the organization may draw upon its substantial asset base ($1.7 million in 2023) or other investment income to cover operational costs, a common strategy for organizations with endowments.
What is the trend in the organization's assets?
The organization's assets have shown a positive trend, growing from $1,431,173 in 2014 to $1,719,074 in 2023, indicating financial stability and growth over the decade.
Filing History
IRS 990 filing history for American Waldensian Aid Society showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), American Waldensian Aid Society's revenue has declined by 4.6%, moving from $226K to $215K. Total assets increased by 27.6% over the same period, from $1.3M to $1.7M. Total functional expenses fell by 24.3%, from $314K to $237K. In its most recent filing year (2023), American Waldensian Aid Society reported a deficit of $22K, with expenses exceeding revenue. The organization holds $132K in liabilities against $1.7M in assets (debt-to-asset ratio: 7.7%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $215K | $237K | $1.7M | $132K | — | — |
| 2022 | $176K | $156K | $1.6M | $138K | — | View 990 |
| 2021 | $223K | $236K | $1.8M | $124K | — | View 990 |
| 2020 | $186K | $237K | $1.7M | $121K | — | View 990 |
| 2019 | $206K | $238K | $1.6M | $111K | — | — |
| 2018 | $209K | $229K | $1.4M | $104K | — | View 990 |
| 2017 | $199K | $218K | $1.5M | $101K | — | View 990 |
| 2016 | $254K | $228K | $1.4M | $93K | — | View 990 |
| 2015 | $189K | $197K | $1.4M | $98K | — | View 990 |
| 2014 | $245K | $275K | $1.4M | $98K | — | View 990 |
| 2013 | $209K | $226K | $1.4M | $83K | — | View 990 |
| 2012 | $233K | $282K | $1.3M | $62K | — | View 990 |
| 2011 | $226K | $314K | $1.3M | $167K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $215K, expenses of $237K, and assets of $1.7M (revenue +22.5% year-over-year).
- 2022: Revenue of $176K, expenses of $156K, and assets of $1.6M (revenue -21.1% year-over-year).
- 2021: Revenue of $223K, expenses of $236K, and assets of $1.8M (revenue +19.8% year-over-year).
- 2020: Revenue of $186K, expenses of $237K, and assets of $1.7M (revenue -9.6% year-over-year).
- 2019: Revenue of $206K, expenses of $238K, and assets of $1.6M (revenue -1.5% year-over-year).
- 2018: Revenue of $209K, expenses of $229K, and assets of $1.4M (revenue +4.7% year-over-year).
- 2017: Revenue of $199K, expenses of $218K, and assets of $1.5M (revenue -21.5% year-over-year).
- 2016: Revenue of $254K, expenses of $228K, and assets of $1.4M (revenue +34.5% year-over-year).
- 2015: Revenue of $189K, expenses of $197K, and assets of $1.4M (revenue -22.9% year-over-year).
- 2014: Revenue of $245K, expenses of $275K, and assets of $1.4M (revenue +17.2% year-over-year).
- 2013: Revenue of $209K, expenses of $226K, and assets of $1.4M (revenue -10.5% year-over-year).
- 2012: Revenue of $233K, expenses of $282K, and assets of $1.3M (revenue +3.3% year-over-year).
- 2011: Revenue of $226K, expenses of $314K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for American Waldensian Aid Society:
Data Sources and Methodology
This transparency report for American Waldensian Aid Society 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.