Friends Of Ncvma Foundation Inc
Friends Of Ncvma Foundation Inc consistently maintains strong financial health with growing assets and zero liabilities.
EIN: 113779599 · Raleigh, NC · NTEE: D20 · Updated: 2026-03-28
Is Friends Of Ncvma Foundation 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 Ncvma Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Ncvma Foundation Inc
Friends Of Ncvma Foundation Inc (EIN: 113779599) is a nonprofit organization based in Raleigh, NC, classified under NTEE code D20. The organization reported total revenue of $233K and total assets of $469K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Ncvma Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Ncvma Foundation Inc is a small nonprofit that has been operating for 20 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of -12.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $36K |
| Total Expenses | $14K |
| Surplus / Deficit | +$22K |
| Total Assets | $324K |
| Net Assets | $324K |
| Operating Margin | 60.5% |
| Months of Reserves | 270.9 months |
Financial Health Grade: A
In 2023, Friends Of Ncvma Foundation Inc reported a surplus of $22K with revenue exceeding expenses, holds 270.9 months of operating reserves (strong position).
Financial Trends
Over 9 years of filings (2015–2023), Friends Of Ncvma Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -12.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -27.8% | -57.0% | +14.6% |
| 2022 | -33.4% | +85.2% | -3.7% |
| 2021 | +24.8% | -48.6% | +11.5% |
| 2020 | +41.2% | +69.5% | +6.1% |
| 2019 | -40.0% | -38.1% | +15.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Ncvma Foundation 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: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Friends Of Ncvma Foundation Inc allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. 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 $22K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all nine filing periods, indicating that no officers or key employees receive salaries from the organization, which is highly commendable for a nonprofit of its size.
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 Ncvma Foundation Inc:
- Consistent asset growth, from $141,850 in 2015 to $323,739 in 2023.
- Zero reported liabilities across all filing periods, indicating strong financial management.
- 0% officer compensation, suggesting efficient use of funds for mission-related activities.
- Revenues consistently exceed expenses, contributing to financial stability and reserves.
- Consistent IRS 990 filing history, demonstrating transparency.
Frequently Asked Questions about Friends Of Ncvma Foundation Inc
Is Friends Of Ncvma Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Ncvma Foundation Inc (EIN: 113779599) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Friends Of Ncvma Foundation Inc spend its money?
Friends Of Ncvma Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of Ncvma Foundation Inc tax-deductible?
Friends Of Ncvma Foundation Inc is registered as a tax-exempt nonprofit (EIN: 113779599). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Friends Of Ncvma Foundation Inc allocate its program spending?
While the provided data indicates strong overall financial health and low administrative costs, specific details on how program funds are allocated are not available in this summary. Further review of their full IRS 990 filings would be needed to understand the nature and beneficiaries of their programmatic activities.
What is the primary source of revenue for Friends Of Ncvma Foundation Inc?
The provided data shows fluctuating revenue year-to-year, ranging from $31,310 to $109,295. Without detailed breakdowns from the 990, it's not possible to pinpoint the exact primary source (e.g., donations, grants, investment income).
Does the organization have a significant reserve fund?
Yes, the organization has consistently grown its assets from $141,850 in 2015 to $323,739 in 2023, while maintaining zero liabilities. This indicates a healthy reserve fund relative to its annual expenses, providing financial stability.
Filing History
IRS 990 filing history for Friends Of Ncvma Foundation Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Friends Of Ncvma Foundation Inc's revenue has declined by 66.8%, moving from $109K to $36K. Total assets increased by 128.2% over the same period, from $142K to $324K. Total functional expenses fell by 14.1%, from $17K to $14K. In its most recent filing year (2023), Friends Of Ncvma Foundation Inc reported a surplus of $22K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $36K | $14K | $324K | $0 | — | — |
| 2022 | $50K | $33K | $282K | $0 | — | View 990 |
| 2021 | $76K | $18K | $293K | $0 | — | View 990 |
| 2020 | $61K | $35K | $263K | $0 | — | View 990 |
| 2019 | $43K | $21K | $248K | $0 | — | View 990 |
| 2018 | $72K | $33K | $215K | $0 | — | View 990 |
| 2017 | $41K | $23K | $181K | $0 | — | View 990 |
| 2016 | $31K | $17K | $160K | $0 | — | View 990 |
| 2015 | $109K | $17K | $142K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $36K, expenses of $14K, and assets of $324K (revenue -27.8% year-over-year).
- 2022: Revenue of $50K, expenses of $33K, and assets of $282K (revenue -33.4% year-over-year).
- 2021: Revenue of $76K, expenses of $18K, and assets of $293K (revenue +24.8% year-over-year).
- 2020: Revenue of $61K, expenses of $35K, and assets of $263K (revenue +41.2% year-over-year).
- 2019: Revenue of $43K, expenses of $21K, and assets of $248K (revenue -40.0% year-over-year).
- 2018: Revenue of $72K, expenses of $33K, and assets of $215K (revenue +73.4% year-over-year).
- 2017: Revenue of $41K, expenses of $23K, and assets of $181K (revenue +31.8% year-over-year).
- 2016: Revenue of $31K, expenses of $17K, and assets of $160K (revenue -71.4% year-over-year).
- 2015: Revenue of $109K, expenses of $17K, and assets of $142K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Ncvma Foundation Inc:
Data Sources and Methodology
This transparency report for Friends Of Ncvma Foundation 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.