Navco Foundation Inc
Navco Foundation Inc. consistently operates at a deficit, drawing down assets despite zero officer compensation.
EIN: 202058357 · Columbus, GA · NTEE: T22 · Updated: 2026-03-28
Is Navco Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Navco Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Navco Foundation Inc
Navco Foundation Inc (EIN: 202058357) is a nonprofit organization based in Columbus, GA, classified under NTEE code T22. The organization reported total revenue of $197K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Navco Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Navco Foundation Inc is a small nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $65K |
| Total Expenses | $137K |
| Surplus / Deficit | $-71,329 |
| Total Assets | $1.1M |
| Total Liabilities | $21K |
| Net Assets | $1.1M |
| Operating Margin | -109.4% |
| Debt-to-Asset Ratio | 1.8% |
| Months of Reserves | 99.4 months |
Financial Health Grade: B
In 2023, Navco Foundation Inc reported a deficit of $71K with expenses exceeding revenue, holds 99.4 months of operating reserves (strong position), has a debt-to-asset ratio of 1.8% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Navco Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.7% | +14.2% | -5.6% |
| 2022 | +88.4% | +12.1% | -4.9% |
| 2021 | -52.7% | +0.7% | -5.5% |
| 2020 | +34.7% | +1.1% | -3.4% |
| 2019 | -38.5% | -2.3% | -11.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Navco Foundation Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Navco Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $71K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.8%.
Executive Compensation Analysis
Executive compensation is reported at 0% across all available filings, indicating that no officers or key employees are receiving salaries from the organization, which is highly unusual for an organization with over $1 million in assets.
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 Navco Foundation Inc's IRS 990 filings:
- Consistent operating deficits (e.g., 2023: $65,197 revenue vs. $136,526 expenses)
- Significant decline in assets over time (from $1,560,083 in 2015 to $1,131,311 in 2023)
- Inconsistent revenue streams with a single large outlier in 2012
- Lack of detailed expense breakdown to assess program efficiency
Strengths
The following positive indicators were identified for Navco Foundation Inc:
- Zero reported officer compensation, indicating no executive salaries
- Consistent filing of IRS Form 990s, demonstrating transparency in reporting
- Maintains a substantial asset base despite operating deficits ($1,131,311 in 2023)
Frequently Asked Questions about Navco Foundation Inc
Is Navco Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Navco Foundation Inc (EIN: 202058357) significant concerns. Mission Score: 45/100. 4 red flags identified, 3 strengths noted.
How does Navco Foundation Inc spend its money?
Navco Foundation Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Navco Foundation Inc tax-deductible?
Navco Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202058357). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Navco Foundation Inc. financially sustainable given its consistent operating deficits?
The organization has consistently spent more than it earns for several years, leading to a decline in assets from $1,560,083 in 2015 to $1,131,311 in 2023. This trend suggests a lack of financial sustainability without a significant change in revenue generation or expense management.
What caused the significant revenue spike in 2012 ($1,064,548) and why hasn't it been replicated?
The 2012 revenue of over $1 million is an outlier compared to other years where revenue typically ranges from $29,152 to $74,332. The nature of this large influx and why it hasn't recurred is not clear from the provided data and is crucial for understanding the organization's funding model.
How does Navco Foundation Inc. cover its operational expenses with such low and inconsistent revenue?
The organization appears to be covering its operational expenses by drawing down its asset base, as evidenced by the consistent decline in total assets over the past decade while expenses frequently exceed revenue.
Filing History
IRS 990 filing history for Navco Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Navco Foundation Inc's revenue has declined by 7.7%, moving from $71K to $65K. Total assets increased by 126.3% over the same period, from $500K to $1.1M. Total functional expenses rose by 403.6%, from $27K to $137K. In its most recent filing year (2023), Navco Foundation Inc reported a deficit of $71K, with expenses exceeding revenue. The organization holds $21K in liabilities against $1.1M in assets (debt-to-asset ratio: 1.8%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $65K | $137K | $1.1M | $21K | — | — |
| 2022 | $55K | $120K | $1.2M | $17K | — | View 990 |
| 2021 | $29K | $107K | $1.3M | $15K | — | View 990 |
| 2020 | $62K | $106K | $1.3M | $10K | — | — |
| 2019 | $46K | $105K | $1.4M | $12K | — | View 990 |
| 2015 | $74K | $107K | $1.6M | $1 | — | View 990 |
| 2014 | $110K | $76K | $1.6M | $1 | — | View 990 |
| 2013 | $52K | $39K | $1.6M | $1 | — | View 990 |
| 2012 | $1.1M | $18K | $1.5M | $1 | — | View 990 |
| 2011 | $71K | $27K | $500K | $188 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $65K, expenses of $137K, and assets of $1.1M (revenue +18.7% year-over-year).
- 2022: Revenue of $55K, expenses of $120K, and assets of $1.2M (revenue +88.4% year-over-year).
- 2021: Revenue of $29K, expenses of $107K, and assets of $1.3M (revenue -52.7% year-over-year).
- 2020: Revenue of $62K, expenses of $106K, and assets of $1.3M (revenue +34.7% year-over-year).
- 2019: Revenue of $46K, expenses of $105K, and assets of $1.4M (revenue -38.5% year-over-year).
- 2015: Revenue of $74K, expenses of $107K, and assets of $1.6M (revenue -32.2% year-over-year).
- 2014: Revenue of $110K, expenses of $76K, and assets of $1.6M (revenue +109.3% year-over-year).
- 2013: Revenue of $52K, expenses of $39K, and assets of $1.6M (revenue -95.1% year-over-year).
- 2012: Revenue of $1.1M, expenses of $18K, and assets of $1.5M (revenue +1407.6% year-over-year).
- 2011: Revenue of $71K, expenses of $27K, and assets of $500K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Navco Foundation Inc:
Data Sources and Methodology
This transparency report for Navco 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.