Nguyen Van Ly Foundation Inc
EIN: 823778601 · Silver Spring, MD · NTEE: Q70
| Metric | Value |
|---|---|
| Total Revenue | $544K |
| Total Expenses | $35K |
| Net Assets | $1.0M |
Is Nguyen Van Ly Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Nguyen Van Ly Foundation Inc
Nguyen Van Ly Foundation Inc (EIN: 823778601) is a nonprofit organization based in Silver Spring, MD, classified under NTEE code Q70. The organization reported total revenue of $544K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nguyen Van Ly Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nguyen Van Ly Foundation Inc is a small nonprofit that has been operating for 7 years, with 4 years of IRS 990 filings on record (2019–2022).
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $1 |
| Total Expenses | $35K |
| Surplus / Deficit | $-34,525 |
| Total Assets | $1.0M |
| Total Liabilities | $1 |
| Net Assets | $1.0M |
| Operating Margin | -3452500.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 350.2 months |
Financial Health Grade: B
In 2022, Nguyen Van Ly Foundation Inc reported a deficit of $35K with expenses exceeding revenue, holds 350.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -99.9% | +32.4% | -31.3% |
| 2021 | -20.2% | -75.7% | +6.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Nguyen Van Ly Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Nguyen Van Ly Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $35K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Nguyen Van Ly Foundation Inc
Is Nguyen Van Ly Foundation Inc a legitimate charity?
Nguyen Van Ly Foundation Inc (EIN: 823778601) is a registered tax-exempt nonprofit based in Maryland. It has 4 years of IRS 990 filings on record. Total revenue: $544K. No red flags identified. Financial health grade: B.
How does Nguyen Van Ly Foundation Inc spend its money?
Nguyen Van Ly Foundation Inc reported $544K in total revenue in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Nguyen Van Ly Foundation Inc tax-deductible?
Nguyen Van Ly Foundation Inc is registered as a tax-exempt nonprofit (EIN: 823778601). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Nguyen Van Ly Foundation Inc located?
Nguyen Van Ly Foundation Inc is headquartered in Silver Spring, Maryland and files with the IRS under EIN 823778601. It is classified under NTEE code Q70.
How many years of IRS 990 filings does Nguyen Van Ly Foundation Inc have?
Nguyen Van Ly Foundation Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $544K in total revenue.
Filing History
IRS 990 filing history for Nguyen Van Ly Foundation Inc showing financial trends over 4 years of public records:
Total assets increased by 20.6% over the same period, from $836K to $1.0M. Total functional expenses fell by 41.1%, from $59K to $35K. In its most recent filing year (2022), Nguyen Van Ly Foundation Inc reported a deficit of $35K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $1 | $35K | $1.0M | $1 | — | View 990 |
| 2021 | $1K | $26K | $1.5M | $1 | — | View 990 |
| 2020 | $2K | $108K | $1.4M | $1 | — | View 990 |
| 2019 | $-36,818 | $59K | $836K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $1, expenses of $35K, and assets of $1.0M (revenue -99.9% year-over-year).
- 2021: Revenue of $1K, expenses of $26K, and assets of $1.5M (revenue -20.2% year-over-year).
- 2020: Revenue of $2K, expenses of $108K, and assets of $1.4M.
- 2019: Revenue of $-36,818, expenses of $59K, and assets of $836K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nguyen Van Ly Foundation Inc:
Data Sources and Methodology
This transparency report for Nguyen Van Ly 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.