Angier B Duke Memorial Inc Term
Angier B Duke Memorial Inc Term maintains strong asset growth and zero liabilities with no reported officer compensation.
EIN: 136113895 · Charlotte, NC · NTEE: Z99Z · Updated: 2026-03-28
Is Angier B Duke Memorial Inc Term Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Angier B Duke Memorial Inc Term directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Angier B Duke Memorial Inc Term
Angier B Duke Memorial Inc Term (EIN: 136113895) is a nonprofit organization based in Charlotte, NC, classified under NTEE code Z99Z. The organization reported total revenue of $2.0M and total assets of $41.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Angier B Duke Memorial Inc Term's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Angier B Duke Memorial Inc Term is a mid-size nonprofit that has been operating for 35 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.6M |
| Surplus / Deficit | $-50,496 |
| Total Assets | $41.2M |
| Net Assets | $41.2M |
| Operating Margin | -3.3% |
| Months of Reserves | 315.2 months |
Financial Health Grade: B
In 2023, Angier B Duke Memorial Inc Term reported a deficit of $50K with expenses exceeding revenue, holds 315.2 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), Angier B Duke Memorial Inc Term's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.7% | +48.9% | -3.7% |
| 2022 | +12.2% | -1.2% | -6.9% |
| 2021 | +1.8% | +101.8% | +39.8% |
| 2020 | -1.0% | -41.6% | +6.5% |
| 2019 | +9.0% | -14.5% | +8.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1991 |
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 Angier B Duke Memorial Inc Term with a Mission Score of 95 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Angier B Duke Memorial Inc Term allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% 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 $50K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive compensation directly from the organization, which is highly unusual and suggests a volunteer-led structure or compensation from an affiliated entity.
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.
Strengths
The following positive indicators were identified for Angier B Duke Memorial Inc Term:
- Consistent asset growth, from $26,381,125 in 2016 to $41,154,055 in 2023.
- Zero liabilities reported across all 14 filings, indicating strong financial stability.
- No officer compensation reported, suggesting highly efficient use of funds for its mission.
- Strong financial health with substantial reserves.
- High transparency due to clear financial reporting and absence of executive compensation.
Frequently Asked Questions about Angier B Duke Memorial Inc Term
Is Angier B Duke Memorial Inc Term a legitimate charity?
Based on AI analysis of IRS 990 filings, Angier B Duke Memorial Inc Term (EIN: 136113895) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Angier B Duke Memorial Inc Term spend its money?
Angier B Duke Memorial Inc Term directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Angier B Duke Memorial Inc Term tax-deductible?
Angier B Duke Memorial Inc Term is registered as a tax-exempt nonprofit (EIN: 136113895). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Angier B Duke Memorial Inc Term a good charity?
Based on the provided financial data, Angier B Duke Memorial Inc Term appears to be a very well-managed and financially sound organization. Its consistent asset growth, zero liabilities, and lack of reported officer compensation are strong positive indicators.
How does Angier B Duke Memorial Inc Term manage its finances?
The organization manages its finances exceptionally well, consistently growing its assets (e.g., from $26,381,125 in 2016 to $41,154,055 in 2023) and maintaining zero liabilities across all reported periods. This indicates robust financial stewardship and a conservative approach to debt.
What is the trend in Angier B Duke Memorial Inc Term's revenue and expenses?
Revenue has generally shown an upward trend, with the latest reported revenue at $1,516,394 in 2023. Expenses have fluctuated but remained manageable relative to revenue, with some periods showing expenses exceeding revenue (e.g., 2023: Revenue $1,516,394, Expenses $1,566,890) and others showing a surplus (e.g., 2022: Revenue $1,558,800, Expenses $1,052,642).
Filing History
IRS 990 filing history for Angier B Duke Memorial Inc Term showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Angier B Duke Memorial Inc Term's revenue has grown by 32.2%, moving from $1.1M to $1.5M. Total assets increased by 81.8% over the same period, from $22.6M to $41.2M. Total functional expenses rose by 78.5%, from $878K to $1.6M. In its most recent filing year (2023), Angier B Duke Memorial Inc Term reported a deficit of $50K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.6M | $41.2M | $0 | — | View 990 |
| 2022 | $1.6M | $1.1M | $42.7M | $0 | — | View 990 |
| 2021 | $1.4M | $1.1M | $45.9M | $0 | — | View 990 |
| 2020 | $1.4M | $528K | $32.8M | $0 | — | View 990 |
| 2019 | $1.4M | $905K | $30.8M | $0 | — | View 990 |
| 2018 | $1.3M | $1.1M | $28.5M | $0 | — | View 990 |
| 2017 | $1.2M | $1.4M | $28.2M | $0 | — | View 990 |
| 2016 | $1.1M | $1.7M | $26.4M | $0 | — | View 990 |
| 2015 | $1.3M | $1.5M | $26.6M | $0 | — | View 990 |
| 2014 | $1.2M | $1.4M | $27.4M | $0 | — | View 990 |
| 2013 | $1.2M | $958K | $26.4M | $0 | — | View 990 |
| 2012 | $1.3M | $1.4M | $23.9M | $0 | — | View 990 |
| 2011 | $1.2M | $1.3M | $22.7M | $22K | — | View 990 |
| 2010 | $1.1M | $878K | $22.6M | $20K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.6M, and assets of $41.2M (revenue -2.7% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.1M, and assets of $42.7M (revenue +12.2% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.1M, and assets of $45.9M (revenue +1.8% year-over-year).
- 2020: Revenue of $1.4M, expenses of $528K, and assets of $32.8M (revenue -1.0% year-over-year).
- 2019: Revenue of $1.4M, expenses of $905K, and assets of $30.8M (revenue +9.0% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.1M, and assets of $28.5M (revenue +1.4% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.4M, and assets of $28.2M (revenue +17.6% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.7M, and assets of $26.4M (revenue -19.7% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.5M, and assets of $26.6M (revenue +13.2% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.4M, and assets of $27.4M (revenue -0.2% year-over-year).
- 2013: Revenue of $1.2M, expenses of $958K, and assets of $26.4M (revenue -7.1% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.4M, and assets of $23.9M (revenue +0.9% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.3M, and assets of $22.7M (revenue +8.9% year-over-year).
- 2010: Revenue of $1.1M, expenses of $878K, and assets of $22.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Angier B Duke Memorial Inc Term:
Data Sources and Methodology
This transparency report for Angier B Duke Memorial Inc Term 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.