Friends Of Onancock School
Friends Of Onancock School shows strong asset growth and zero executive compensation, with revenue significantly exceeding expenses in recent years.
EIN: 208342920 · Onancock, VA · NTEE: B11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $378K |
| Total Expenses | $94K |
| Program Spending | 90% |
| Net Assets | $518K |
| Transparency Score | 92/100 |
Is Friends Of Onancock School Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of Onancock School directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Onancock School
Friends Of Onancock School (EIN: 208342920) is a nonprofit organization based in Onancock, VA, classified under NTEE code B11. The organization reported total revenue of $378K and total assets of $807K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Onancock School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Onancock School is a small nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $232K |
| Total Expenses | $94K |
| Surplus / Deficit | +$138K |
| Total Assets | $629K |
| Total Liabilities | $111K |
| Net Assets | $518K |
| Operating Margin | 59.3% |
| Debt-to-Asset Ratio | 17.6% |
| Months of Reserves | 79.9 months |
Financial Health Grade: A
In 2023, Friends Of Onancock School reported a surplus of $138K with revenue exceeding expenses, holds 79.9 months of operating reserves (strong position), has a debt-to-asset ratio of 17.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Friends Of Onancock School's revenue has grown at a compound annual growth rate (CAGR) of 12.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +138.9% | +7.6% | +27.7% |
| 2022 | -64.5% | +19.9% | +2.4% |
| 2021 | +266.2% | +2.2% | +68.6% |
| 2020 | +73.1% | +8.2% | +151.3% |
| 2019 | -44.8% | +19.7% | -19.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2008 |
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 Onancock School with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Friends Of Onancock School allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $138K, with revenue exceeding expenses.
- Debt-to-asset ratio: 17.6%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filing periods, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for maximizing funds for its mission.
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 Onancock School:
- Consistent asset growth, from $86,041 in 2014 to $629,191 in 2023.
- Zero officer compensation across all reported periods, indicating volunteer leadership.
- Strong program spending ratio, with a high percentage of expenses directed to mission-related activities.
- Healthy financial surpluses in recent years (e.g., $232,260 revenue vs. $94,474 expenses in 2023).
- Low liabilities relative to assets, demonstrating good financial management.
Frequently Asked Questions about Friends Of Onancock School
Is Friends Of Onancock School a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Onancock School (EIN: 208342920) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Friends Of Onancock School spend its money?
Friends Of Onancock School directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of Onancock School tax-deductible?
Friends Of Onancock School is registered as a tax-exempt nonprofit (EIN: 208342920). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Friends Of Onancock School's spending goes to programs?
Friends Of Onancock School directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Friends Of Onancock School compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Friends Of Onancock School is above average for NTEE category B11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends Of Onancock School located?
Friends Of Onancock School is headquartered in Onancock, Virginia and files with the IRS under EIN 208342920. It is classified under NTEE code B11.
How many years of IRS 990 filings does Friends Of Onancock School have?
Friends Of Onancock School has 13 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 $378K in total revenue.
Is Friends Of Onancock School a good charity?
Based on the provided financial data, Friends Of Onancock School appears to be a very good charity. It demonstrates strong financial health with growing assets, low liabilities, and a significant surplus in recent years. The absence of executive compensation indicates a highly efficient and volunteer-driven model, ensuring more funds go directly to programs.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time. Assets have grown from $86,041 in 2014 to $629,191 in 2023. Revenue has also seen substantial increases, particularly in 2021 and 2023, leading to healthy surpluses and asset accumulation.
What is the organization's approach to executive compensation?
Friends Of Onancock School has a highly commendable approach to executive compensation, reporting 0% officer compensation across all 13 available filings. This indicates that its leadership serves on a volunteer basis, directing all available funds towards its mission.
Filing History
IRS 990 filing history for Friends Of Onancock School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friends Of Onancock School's revenue has grown by 324.4%, moving from $55K to $232K. Total assets increased by 1653.5% over the same period, from $36K to $629K. Total functional expenses rose by 32.1%, from $72K to $94K. In its most recent filing year (2023), Friends Of Onancock School reported a surplus of $138K, with revenue exceeding expenses. The organization holds $111K in liabilities against $629K in assets (debt-to-asset ratio: 17.6%), resulting in net assets of $518K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $232K | $94K | $629K | $111K | — | — |
| 2022 | $97K | $88K | $493K | $114K | — | — |
| 2021 | $274K | $73K | $481K | $63K | — | View 990 |
| 2020 | $75K | $72K | $285K | $64K | — | View 990 |
| 2019 | $43K | $66K | $114K | $1K | — | View 990 |
| 2018 | $78K | $55K | $140K | $4K | — | View 990 |
| 2017 | $47K | $44K | $116K | $3K | — | View 990 |
| 2016 | $37K | $24K | $111K | $864 | — | View 990 |
| 2015 | $39K | $27K | $98K | $415 | — | View 990 |
| 2014 | $46K | $20K | $86K | $340 | — | View 990 |
| 2013 | $22K | $11K | $60K | $324 | — | View 990 |
| 2012 | $44K | $31K | $50K | $2K | — | View 990 |
| 2011 | $55K | $72K | $36K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $232K, expenses of $94K, and assets of $629K (revenue +138.9% year-over-year).
- 2022: Revenue of $97K, expenses of $88K, and assets of $493K (revenue -64.5% year-over-year).
- 2021: Revenue of $274K, expenses of $73K, and assets of $481K (revenue +266.2% year-over-year).
- 2020: Revenue of $75K, expenses of $72K, and assets of $285K (revenue +73.1% year-over-year).
- 2019: Revenue of $43K, expenses of $66K, and assets of $114K (revenue -44.8% year-over-year).
- 2018: Revenue of $78K, expenses of $55K, and assets of $140K (revenue +68.3% year-over-year).
- 2017: Revenue of $47K, expenses of $44K, and assets of $116K (revenue +25.8% year-over-year).
- 2016: Revenue of $37K, expenses of $24K, and assets of $111K (revenue -4.6% year-over-year).
- 2015: Revenue of $39K, expenses of $27K, and assets of $98K (revenue -16.2% year-over-year).
- 2014: Revenue of $46K, expenses of $20K, and assets of $86K (revenue +107.1% year-over-year).
- 2013: Revenue of $22K, expenses of $11K, and assets of $60K (revenue -49.6% year-over-year).
- 2012: Revenue of $44K, expenses of $31K, and assets of $50K (revenue -19.0% year-over-year).
- 2011: Revenue of $55K, expenses of $72K, and assets of $36K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Onancock School:
Data Sources and Methodology
This transparency report for Friends Of Onancock School 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.