Foster Village Charlotte
EIN: 824729146 · Charlotte, NC · NTEE: P30
| Metric | Value |
|---|---|
| Total Revenue | $710K |
| Total Expenses | $540K |
| Net Assets | $866K |
Is Foster Village Charlotte Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Foster Village Charlotte
Foster Village Charlotte (EIN: 824729146) is a nonprofit organization based in Charlotte, NC, classified under NTEE code P30. The organization reported total revenue of $710K and total assets of $955K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foster Village Charlotte's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Foster Village Charlotte is a small nonprofit that has been operating for 8 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 29.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $616K |
| Total Expenses | $540K |
| Surplus / Deficit | +$76K |
| Total Assets | $912K |
| Total Liabilities | $46K |
| Net Assets | $866K |
| Operating Margin | 12.4% |
| Debt-to-Asset Ratio | 5.1% |
| Months of Reserves | 20.3 months |
Financial Health Grade: A
In 2023, Foster Village Charlotte reported a surplus of $76K with revenue exceeding expenses, holds 20.3 months of operating reserves (strong position), has a debt-to-asset ratio of 5.1% (very low leverage).
Financial Trends
Over 5 years of filings (2019–2023), Foster Village Charlotte's revenue has grown at a compound annual growth rate (CAGR) of 29.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.3% | +65.7% | +1.6% |
| 2022 | +51.3% | +28.0% | +82.5% |
| 2021 | +5.0% | +7.9% | +47.6% |
| 2020 | +81.8% | +219.5% | +89.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1500 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Foster Village Charlotte 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 Foster Village Charlotte 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 $76K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.1%.
Frequently Asked Questions about Foster Village Charlotte
Is Foster Village Charlotte a legitimate charity?
Foster Village Charlotte (EIN: 824729146) is a registered tax-exempt nonprofit based in North Carolina. It has 5 years of IRS 990 filings on record. Total revenue: $710K. No red flags identified. Financial health grade: A.
How does Foster Village Charlotte spend its money?
Foster Village Charlotte reported $710K in total revenue in IRS 990 filings. 5 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Foster Village Charlotte tax-deductible?
Foster Village Charlotte is registered as a tax-exempt nonprofit (EIN: 824729146). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Foster Village Charlotte located?
Foster Village Charlotte is headquartered in Charlotte, North Carolina and files with the IRS under EIN 824729146. It is classified under NTEE code P30.
How many years of IRS 990 filings does Foster Village Charlotte have?
Foster Village Charlotte has 5 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 $710K in total revenue.
Filing History
IRS 990 filing history for Foster Village Charlotte showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Foster Village Charlotte's revenue has grown by 185.1%, moving from $216K to $616K. Total assets increased by 418.9% over the same period, from $176K to $912K. Total functional expenses rose by 631.1%, from $74K to $540K. In its most recent filing year (2023), Foster Village Charlotte reported a surplus of $76K, with revenue exceeding expenses. The organization holds $46K in liabilities against $912K in assets (debt-to-asset ratio: 5.1%), resulting in net assets of $866K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $616K | $540K | $912K | $46K | — | — |
| 2022 | $624K | $326K | $898K | $111K | — | View 990 |
| 2021 | $412K | $254K | $492K | $1K | — | — |
| 2020 | $393K | $236K | $333K | $822 | — | — |
| 2019 | $216K | $74K | $176K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $616K, expenses of $540K, and assets of $912K (revenue -1.3% year-over-year).
- 2022: Revenue of $624K, expenses of $326K, and assets of $898K (revenue +51.3% year-over-year).
- 2021: Revenue of $412K, expenses of $254K, and assets of $492K (revenue +5.0% year-over-year).
- 2020: Revenue of $393K, expenses of $236K, and assets of $333K (revenue +81.8% year-over-year).
- 2019: Revenue of $216K, expenses of $74K, and assets of $176K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Foster Village Charlotte:
Data Sources and Methodology
This transparency report for Foster Village Charlotte 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.