Neal C Nichols Foundation Inc
Neal C Nichols Foundation shows significant asset growth and minimal liabilities despite fluctuating annual revenues and expenses.
EIN: 205813748 · Falls Church, VA · NTEE: W12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10.8M |
| Total Expenses | $1.8M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $9.9M |
| Transparency Score | 75/100 |
Is Neal C Nichols Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Neal C Nichols Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Neal C Nichols Foundation Inc
Neal C Nichols Foundation Inc (EIN: 205813748) is a nonprofit organization based in Falls Church, VA, classified under NTEE code W12. The organization reported total revenue of $10.8M and total assets of $12.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Neal C Nichols Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Neal C Nichols Foundation Inc is a large nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 20.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.8M |
| Surplus / Deficit | $-723,003 |
| Total Assets | $9.9M |
| Total Liabilities | $1 |
| Net Assets | $9.9M |
| Operating Margin | -68.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 66.6 months |
Financial Health Grade: B
In 2023, Neal C Nichols Foundation Inc reported a deficit of $723K with expenses exceeding revenue, holds 66.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Neal C Nichols Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 20.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +650.7% | +66.7% | -6.8% |
| 2022 | -96.7% | +21.4% | -8.0% |
| 2021 | +263.8% | +47.0% | +41.7% |
| 2020 | -73.7% | +6.0% | +7.6% |
| 2019 | +439.2% | +597.8% | +393.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
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 Neal C Nichols Foundation Inc 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: 85%
- fundraising: 5%
According to IRS 990 filings, Neal C Nichols Foundation 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 deficit of $723K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting a volunteer-led executive structure or that compensation is handled through an undisclosed related entity, which is unusual for an organization with assets nearing $10 million.
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 Neal C Nichols Foundation Inc's IRS 990 filings:
- Consistent 0% officer compensation for an organization with substantial assets, which could indicate incomplete disclosure or an unusual operational model.
- Significant year-over-year fluctuations in revenue and expenses without clear explanation in the provided summary, suggesting potential unpredictability in funding or grantmaking activities.
Strengths
The following positive indicators were identified for Neal C Nichols Foundation Inc:
- Strong asset growth from $549,454 in 2011 to $9,855,353 in 2023, indicating robust financial management and investment.
- Extremely low liabilities ($1 or $0 across all filings), demonstrating excellent financial solvency and minimal debt burden.
- Consistent IRS 990 filing history, indicating adherence to regulatory transparency requirements.
Frequently Asked Questions about Neal C Nichols Foundation Inc
Is Neal C Nichols Foundation Inc a legitimate charity?
Neal C Nichols Foundation Inc (EIN: 205813748) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $10.8M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Neal C Nichols Foundation Inc spend its money?
Neal C Nichols Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Neal C Nichols Foundation Inc tax-deductible?
Neal C Nichols Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205813748). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Neal C Nichols Foundation Inc CEO make?
Neal C Nichols Foundation Inc's highest-compensated officer earns $10 annually. The organization reported $10.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Neal C Nichols Foundation Inc's spending goes to programs?
Neal C Nichols Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Neal C Nichols Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Neal C Nichols Foundation Inc is above average for NTEE category W12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Neal C Nichols Foundation Inc located?
Neal C Nichols Foundation Inc is headquartered in Falls Church, Virginia and files with the IRS under EIN 205813748. It is classified under NTEE code W12.
How many years of IRS 990 filings does Neal C Nichols Foundation Inc have?
Neal C Nichols Foundation Inc has 10 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 $10.8M in total revenue.
Is Neal C Nichols Foundation Inc a good charity?
Based on the available data, the foundation appears financially stable with significant asset growth and minimal liabilities. Its consistent 0% officer compensation is notable. However, without detailed program spending breakdowns, it's challenging to fully assess its direct impact and efficiency as a 'charity' in the traditional sense, as it operates as a grantmaking foundation.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation suggests that the foundation's leadership may be entirely volunteer-based, or that compensation for key personnel is paid by a related entity or through other means not disclosed in this section of the 990, which warrants further investigation.
How does the foundation manage significant annual revenue and expense fluctuations?
The large swings in revenue and expenses (e.g., $4.2M revenue in 2021 vs. $140K in 2022) indicate that the foundation likely receives large, infrequent contributions or makes substantial, varying grant disbursements, which is common for private grantmaking foundations.
Filing History
IRS 990 filing history for Neal C Nichols Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Neal C Nichols Foundation Inc's revenue has grown by 855.6%, moving from $110K to $1.1M. Total assets increased by 1693.7% over the same period, from $549K to $9.9M. Total functional expenses rose by 10631.3%, from $17K to $1.8M. In its most recent filing year (2023), Neal C Nichols Foundation Inc reported a deficit of $723K, with expenses exceeding revenue. The organization holds $1 in liabilities against $9.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $9.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.8M | $9.9M | $1 | — | — |
| 2022 | $140K | $1.1M | $10.6M | $1 | — | View 990 |
| 2021 | $4.3M | $877K | $11.5M | $1 | — | — |
| 2020 | $1.2M | $597K | $8.1M | $1 | — | — |
| 2019 | $4.5M | $563K | $7.5M | $1 | — | View 990 |
| 2015 | $828K | $81K | $1.5M | $1 | — | View 990 |
| 2014 | $161K | $60K | $781K | $0 | — | View 990 |
| 2013 | $78K | $25K | $680K | $0 | — | View 990 |
| 2012 | $109K | $31K | $627K | $0 | — | View 990 |
| 2011 | $110K | $17K | $549K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.8M, and assets of $9.9M (revenue +650.7% year-over-year).
- 2022: Revenue of $140K, expenses of $1.1M, and assets of $10.6M (revenue -96.7% year-over-year).
- 2021: Revenue of $4.3M, expenses of $877K, and assets of $11.5M (revenue +263.8% year-over-year).
- 2020: Revenue of $1.2M, expenses of $597K, and assets of $8.1M (revenue -73.7% year-over-year).
- 2019: Revenue of $4.5M, expenses of $563K, and assets of $7.5M (revenue +439.2% year-over-year).
- 2015: Revenue of $828K, expenses of $81K, and assets of $1.5M (revenue +415.2% year-over-year).
- 2014: Revenue of $161K, expenses of $60K, and assets of $781K (revenue +105.2% year-over-year).
- 2013: Revenue of $78K, expenses of $25K, and assets of $680K (revenue -28.0% year-over-year).
- 2012: Revenue of $109K, expenses of $31K, and assets of $627K (revenue -1.2% year-over-year).
- 2011: Revenue of $110K, expenses of $17K, and assets of $549K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Neal C Nichols Foundation Inc:
Data Sources and Methodology
This transparency report for Neal C Nichols 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.