Friends Of Accion Inc
Friends Of Accion Inc maintains strong financial health with growing assets and zero liabilities.
EIN: 200160290 · Charlotte, NC · NTEE: Q12 · Updated: 2026-03-28
Is Friends Of Accion Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of Accion Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Accion Inc
Friends Of Accion Inc (EIN: 200160290) is a nonprofit organization based in Charlotte, NC, classified under NTEE code Q12. The organization reported total revenue of $209K and total assets of $582K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Accion Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Accion Inc is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $233K |
| Total Expenses | $193K |
| Surplus / Deficit | +$40K |
| Total Assets | $550K |
| Net Assets | $550K |
| Operating Margin | 17.3% |
| Months of Reserves | 34.3 months |
Financial Health Grade: A
In 2023, Friends Of Accion Inc reported a surplus of $40K with revenue exceeding expenses, holds 34.3 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Friends Of Accion Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +30.3% | +14.9% | +16.0% |
| 2022 | -59.8% | +14.9% | -2.9% |
| 2021 | +82.2% | +13.4% | +157.6% |
| 2020 | +49.2% | -14.9% | +155.6% |
| 2019 | -13.3% | -16.0% | +20.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Friends Of Accion Inc with a Mission Score of 90 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, Friends Of Accion Inc 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 $40K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all filings, suggesting a volunteer-led organization or that compensation is below IRS reporting thresholds, which is highly favorable for a nonprofit of this size as it maximizes funds available for programs.
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 Friends Of Accion Inc:
- Consistent zero liabilities across all filings, indicating strong financial stability.
- Significant asset growth from $46,631 in 2014 to $550,259 in 2023, demonstrating effective financial management.
- No reported officer compensation, suggesting a highly efficient and mission-focused leadership.
- Consistent positive net income in most recent years (e.g., $40,379 surplus in 2023), indicating sustainable operations.
- Strong revenue generation, with a notable peak of $444,839 in 2021.
Frequently Asked Questions about Friends Of Accion Inc
Is Friends Of Accion Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Accion Inc (EIN: 200160290) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Friends Of Accion Inc spend its money?
Friends Of Accion Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of Accion Inc tax-deductible?
Friends Of Accion Inc is registered as a tax-exempt nonprofit (EIN: 200160290). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Friends Of Accion Inc a good charity?
Based on the available financial data, Friends Of Accion Inc appears to be a very good charity. It consistently maintains zero liabilities, has significantly grown its assets from $46,631 in 2014 to $550,259 in 2023, and reports no officer compensation, indicating efficient use of funds and strong financial stewardship.
How has Friends Of Accion Inc's financial health changed over time?
Friends Of Accion Inc's financial health has significantly improved over time. Assets have grown from $46,631 in 2014 to $550,259 in 2023, and the organization has consistently maintained zero liabilities, demonstrating robust financial growth and stability.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation across all filings, suggesting that its leadership is either entirely volunteer-based or compensated below IRS reporting thresholds, which is a strong indicator of dedication to its mission and efficient use of donor funds.
Filing History
IRS 990 filing history for Friends Of Accion Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friends Of Accion Inc's revenue has grown by 23%, moving from $190K to $233K. Total assets increased by 1003.6% over the same period, from $50K to $550K. Total functional expenses rose by 16.1%, from $166K to $193K. In its most recent filing year (2023), Friends Of Accion Inc reported a surplus of $40K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $233K | $193K | $550K | $0 | — | View 990 |
| 2022 | $179K | $168K | $474K | $0 | — | View 990 |
| 2021 | $445K | $146K | $489K | $0 | — | View 990 |
| 2020 | $244K | $129K | $190K | $0 | — | View 990 |
| 2019 | $164K | $151K | $74K | $0 | — | View 990 |
| 2018 | $189K | $180K | $62K | $0 | — | View 990 |
| 2017 | $193K | $194K | $53K | $0 | — | View 990 |
| 2016 | $200K | $195K | $54K | $0 | — | View 990 |
| 2015 | $204K | $201K | $49K | $0 | — | View 990 |
| 2014 | $223K | $214K | $47K | $0 | — | View 990 |
| 2013 | $238K | $232K | $33K | $0 | — | View 990 |
| 2012 | $201K | $218K | $32K | $0 | — | View 990 |
| 2011 | $190K | $166K | $50K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $233K, expenses of $193K, and assets of $550K (revenue +30.3% year-over-year).
- 2022: Revenue of $179K, expenses of $168K, and assets of $474K (revenue -59.8% year-over-year).
- 2021: Revenue of $445K, expenses of $146K, and assets of $489K (revenue +82.2% year-over-year).
- 2020: Revenue of $244K, expenses of $129K, and assets of $190K (revenue +49.2% year-over-year).
- 2019: Revenue of $164K, expenses of $151K, and assets of $74K (revenue -13.3% year-over-year).
- 2018: Revenue of $189K, expenses of $180K, and assets of $62K (revenue -2.1% year-over-year).
- 2017: Revenue of $193K, expenses of $194K, and assets of $53K (revenue -3.5% year-over-year).
- 2016: Revenue of $200K, expenses of $195K, and assets of $54K (revenue -1.9% year-over-year).
- 2015: Revenue of $204K, expenses of $201K, and assets of $49K (revenue -8.7% year-over-year).
- 2014: Revenue of $223K, expenses of $214K, and assets of $47K (revenue -6.1% year-over-year).
- 2013: Revenue of $238K, expenses of $232K, and assets of $33K (revenue +18.3% year-over-year).
- 2012: Revenue of $201K, expenses of $218K, and assets of $32K (revenue +6.0% year-over-year).
- 2011: Revenue of $190K, expenses of $166K, and assets of $50K.
Data Sources and Methodology
This transparency report for Friends Of Accion Inc 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.