Development Foundation Of The North Carolina Center For The Advancemen
EIN: 561884667 · Cullowhee, NC
Is Development Foundation Of The North Carolina Center For The Advancemen Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Development Foundation Of The North Carolina Center For The Advancemen
Development Foundation Of The North Carolina Center For The Advancemen (EIN: 561884667) is a nonprofit organization based in Cullowhee, NC. The organization reported total revenue of $903K and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Development Foundation Of The North Carolina Center For The Advancemen's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Development Foundation Of The North Carolina Center For The Advancemen is a small nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $492K |
| Total Expenses | $310K |
| Surplus / Deficit | +$182K |
| Total Assets | $2.6M |
| Net Assets | $2.6M |
| Operating Margin | 37.0% |
| Months of Reserves | 98.9 months |
Financial Health Grade: A
In 2023, Development Foundation Of The North Carolina Center For The Advancemen reported a surplus of $182K with revenue exceeding expenses, holds 98.9 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Development Foundation Of The North Carolina Center For The Advancemen's revenue has declined at a compound annual growth rate (CAGR) of -5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.5% | +101.5% | +6.7% |
| 2022 | +40.1% | -39.1% | -3.8% |
| 2021 | -25.8% | -26.1% | +28.8% |
| 2020 | +51.2% | +131.9% | -0.1% |
| 2019 | +32.3% | -30.2% | +12.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Development Foundation Of The North Carolina Center For The Advancemen has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Development Foundation Of The North Carolina Center For The Advancemen with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $182K, with revenue exceeding expenses.
Frequently Asked Questions about Development Foundation Of The North Carolina Center For The Advancemen
Is Development Foundation Of The North Carolina Center For The Advancemen a legitimate charity?
Based on AI analysis of IRS 990 filings, Development Foundation Of The North Carolina Center For The Advancemen (EIN: 561884667) insufficient data. 0 red flags identified, 0 strengths noted.
How does Development Foundation Of The North Carolina Center For The Advancemen spend its money?
Detailed spending breakdown data is not yet available for Development Foundation Of The North Carolina Center For The Advancemen. Check back for updated IRS 990 analysis.
Are donations to Development Foundation Of The North Carolina Center For The Advancemen tax-deductible?
Development Foundation Of The North Carolina Center For The Advancemen is registered as a tax-exempt nonprofit (EIN: 561884667). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Development Foundation Of The North Carolina Center For The Advancemen showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Development Foundation Of The North Carolina Center For The Advancemen's revenue has declined by 46.1%, moving from $914K to $492K. Total assets increased by 44.2% over the same period, from $1.8M to $2.6M. Total functional expenses fell by 13.6%, from $359K to $310K. In its most recent filing year (2023), Development Foundation Of The North Carolina Center For The Advancemen reported a surplus of $182K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $492K | $310K | $2.6M | $0 | — | View 990 |
| 2022 | $476K | $154K | $2.4M | $0 | — | View 990 |
| 2021 | $339K | $253K | $2.5M | $40K | — | View 990 |
| 2020 | $457K | $343K | $1.9M | $0 | — | View 990 |
| 2019 | $303K | $148K | $1.9M | $0 | — | View 990 |
| 2018 | $229K | $212K | $1.7M | $0 | — | View 990 |
| 2017 | $298K | $222K | $1.7M | $41K | — | View 990 |
| 2016 | $157K | $181K | $1.6M | $1K | — | View 990 |
| 2015 | $270K | $215K | $1.6M | $1K | — | View 990 |
| 2014 | $402K | $304K | $1.6M | $1K | — | View 990 |
| 2013 | $461K | $498K | $1.5M | $1K | — | View 990 |
| 2012 | $513K | $759K | $1.5M | $1K | — | View 990 |
| 2011 | $914K | $359K | $1.8M | $18K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $492K, expenses of $310K, and assets of $2.6M (revenue +3.5% year-over-year).
- 2022: Revenue of $476K, expenses of $154K, and assets of $2.4M (revenue +40.1% year-over-year).
- 2021: Revenue of $339K, expenses of $253K, and assets of $2.5M (revenue -25.8% year-over-year).
- 2020: Revenue of $457K, expenses of $343K, and assets of $1.9M (revenue +51.2% year-over-year).
- 2019: Revenue of $303K, expenses of $148K, and assets of $1.9M (revenue +32.3% year-over-year).
- 2018: Revenue of $229K, expenses of $212K, and assets of $1.7M (revenue -23.2% year-over-year).
- 2017: Revenue of $298K, expenses of $222K, and assets of $1.7M (revenue +90.1% year-over-year).
- 2016: Revenue of $157K, expenses of $181K, and assets of $1.6M (revenue -42.0% year-over-year).
- 2015: Revenue of $270K, expenses of $215K, and assets of $1.6M (revenue -32.8% year-over-year).
- 2014: Revenue of $402K, expenses of $304K, and assets of $1.6M (revenue -12.6% year-over-year).
- 2013: Revenue of $461K, expenses of $498K, and assets of $1.5M (revenue -10.3% year-over-year).
- 2012: Revenue of $513K, expenses of $759K, and assets of $1.5M (revenue -43.8% year-over-year).
- 2011: Revenue of $914K, expenses of $359K, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Development Foundation Of The North Carolina Center For The Advancemen:
Data Sources and Methodology
This transparency report for Development Foundation Of The North Carolina Center For The Advancemen 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.