N A Williams Foundation Llc
N A Williams Foundation Llc shows consistent revenue growth with minimal assets and no reported officer compensation.
EIN: 202802892 · Charlotte, NC · NTEE: B60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $643K |
| Total Expenses | $550K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $500,000 |
| Net Assets | $36K |
| Transparency Score | 75/100 |
Is N A Williams Foundation Llc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
N A Williams Foundation Llc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About N A Williams Foundation Llc
N A Williams Foundation Llc (EIN: 202802892) is a nonprofit organization based in Charlotte, NC, classified under NTEE code B60. The organization reported total revenue of $643K and total assets of $4K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of N A Williams Foundation Llc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
N A Williams Foundation Llc 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 18.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $586K |
| Total Expenses | $550K |
| Surplus / Deficit | +$36K |
| Total Assets | $36K |
| Net Assets | $36K |
| Operating Margin | 6.2% |
| Months of Reserves | 0.8 months |
Financial Health Grade: A
In 2023, N A Williams Foundation Llc reported a surplus of $36K with revenue exceeding expenses, holds 0.8 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), N A Williams Foundation Llc's revenue has grown at a compound annual growth rate (CAGR) of 18.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.5% | +7.6% | +146.5% |
| 2022 | +9.4% | +8.2% | +78.4% |
| 2021 | +17.9% | +21.6% | -57.1% |
| 2020 | +12.7% | +7.3% | +425.5% |
| 2019 | +11.7% | +11.7% | -75.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| 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 N A Williams Foundation Llc with a Mission Score of 75 out of 100 (Good). 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: 90%
- fundraising: 0%
According to IRS 990 filings, N A Williams Foundation Llc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 $36K, with revenue exceeding expenses.
Executive Compensation Analysis
The N A Williams Foundation Llc consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its revenue size (over $500,000 annually). This suggests either a volunteer-led executive team or that compensation is reported under other expense categories, which would warrant further investigation for transparency.
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.
Red Flags
The following concerns were identified during AI analysis of N A Williams Foundation Llc's IRS 990 filings:
- Extremely low asset base relative to annual revenue, indicating potential financial fragility or a lack of reserves (e.g., $36,351 assets vs. $586,030 revenue in 2023).
- Consistent reporting of 0% officer compensation for an organization with over half a million dollars in annual revenue, which is unusual and may warrant further scrutiny into how leadership is compensated or sustained.
Strengths
The following positive indicators were identified for N A Williams Foundation Llc:
- Consistent revenue growth over the past decade, indicating increasing support or operational scale (e.g., from $269,414 in 2015 to $586,030 in 2023).
- No reported officer compensation, suggesting a high dedication of funds directly to mission-related activities or a volunteer-driven leadership.
- Zero reported liabilities in recent years (2020-2023), indicating good financial management regarding debt.
Frequently Asked Questions about N A Williams Foundation Llc
Is N A Williams Foundation Llc a legitimate charity?
Based on AI analysis of IRS 990 filings, N A Williams Foundation Llc (EIN: 202802892) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does N A Williams Foundation Llc spend its money?
N A Williams Foundation Llc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to N A Williams Foundation Llc tax-deductible?
N A Williams Foundation Llc is registered as a tax-exempt nonprofit (EIN: 202802892). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the N A Williams Foundation Llc CEO make?
N A Williams Foundation Llc's highest-compensated officer earns $500,000 annually. The organization reported $643K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does N A Williams Foundation Llc compare to similar nonprofits?
With a transparency score of 75/100 (Good), N A Williams Foundation Llc is above average for NTEE category B60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is N A Williams Foundation Llc located?
N A Williams Foundation Llc is headquartered in Charlotte, North Carolina and files with the IRS under EIN 202802892. It is classified under NTEE code B60.
How many years of IRS 990 filings does N A Williams Foundation Llc have?
N A Williams Foundation Llc 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 $643K in total revenue.
How does N A Williams Foundation Llc manage to operate with such low assets relative to its revenue?
The organization consistently reports very low assets, for example, $36,351 in 2023 against $586,030 in revenue. This suggests a 'pass-through' model where funds are quickly disbursed, or that significant operational costs are covered by non-asset-holding means.
Who covers the operational and administrative costs if officer compensation is consistently zero?
With 0% officer compensation reported, it implies that executive leadership is either entirely volunteer-based or that their compensation is categorized differently, which could obscure the true administrative overhead.
What is the specific program focus of N A Williams Foundation Llc given its NTEE code B60?
The NTEE code B60 typically refers to 'Elementary & Secondary Education', suggesting the organization's primary activities are in this area. Further details would require reviewing the full 990 forms for program service accomplishments.
Filing History
IRS 990 filing history for N A Williams Foundation Llc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), N A Williams Foundation Llc's revenue has grown by 675.8%, moving from $76K to $586K. Total assets increased by 41.2% over the same period, from $26K to $36K. Total functional expenses rose by 492.4%, from $93K to $550K. In its most recent filing year (2023), N A Williams Foundation Llc reported a surplus of $36K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $586K | $550K | $36K | $0 | — | View 990 |
| 2022 | $526K | $511K | $15K | $0 | — | View 990 |
| 2021 | $481K | $473K | $8K | $0 | — | View 990 |
| 2020 | $408K | $389K | $19K | $0 | — | View 990 |
| 2019 | $362K | $362K | $4K | $0 | — | View 990 |
| 2018 | $324K | $324K | $15K | $15K | — | View 990 |
| 2017 | $316K | $318K | $17K | $17K | — | View 990 |
| 2016 | $295K | $295K | $15K | $15K | — | View 990 |
| 2015 | $269K | $269K | $9K | $9K | — | View 990 |
| 2014 | $276K | $276K | $7K | $7K | — | View 990 |
| 2013 | $204K | $204K | $5K | $5K | — | View 990 |
| 2012 | $70K | $188K | $2K | $2K | — | View 990 |
| 2011 | $76K | $93K | $26K | $26K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $586K, expenses of $550K, and assets of $36K (revenue +11.5% year-over-year).
- 2022: Revenue of $526K, expenses of $511K, and assets of $15K (revenue +9.4% year-over-year).
- 2021: Revenue of $481K, expenses of $473K, and assets of $8K (revenue +17.9% year-over-year).
- 2020: Revenue of $408K, expenses of $389K, and assets of $19K (revenue +12.7% year-over-year).
- 2019: Revenue of $362K, expenses of $362K, and assets of $4K (revenue +11.7% year-over-year).
- 2018: Revenue of $324K, expenses of $324K, and assets of $15K (revenue +2.5% year-over-year).
- 2017: Revenue of $316K, expenses of $318K, and assets of $17K (revenue +7.0% year-over-year).
- 2016: Revenue of $295K, expenses of $295K, and assets of $15K (revenue +9.6% year-over-year).
- 2015: Revenue of $269K, expenses of $269K, and assets of $9K (revenue -2.5% year-over-year).
- 2014: Revenue of $276K, expenses of $276K, and assets of $7K (revenue +35.7% year-over-year).
- 2013: Revenue of $204K, expenses of $204K, and assets of $5K (revenue +192.6% year-over-year).
- 2012: Revenue of $70K, expenses of $188K, and assets of $2K (revenue -7.8% year-over-year).
- 2011: Revenue of $76K, expenses of $93K, and assets of $26K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for N A Williams Foundation Llc:
Data Sources and Methodology
This transparency report for N A Williams Foundation Llc 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.