Nicholes Xiao Foundation
EIN: 863571764 · Sandy, UT · NTEE: B12
| Metric | Value |
|---|---|
| Total Revenue | $40K |
| Total Expenses | $6K |
| Net Assets | $0 |
Is Nicholes Xiao Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Nicholes Xiao Foundation
Nicholes Xiao Foundation (EIN: 863571764) is a nonprofit organization based in Sandy, UT, classified under NTEE code B12. The organization reported total revenue of $40K and total assets of $42K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nicholes Xiao Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nicholes Xiao Foundation is a micro nonprofit that has been operating for 5 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -32.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10K |
| Total Expenses | $6K |
| Surplus / Deficit | +$4K |
| Total Assets | $1 |
| Total Liabilities | $1 |
| Net Assets | $0 |
| Operating Margin | 40.9% |
| Debt-to-Asset Ratio | 100.0% |
| Months of Reserves | 0.0 months |
Financial Health Grade: B
In 2023, Nicholes Xiao Foundation reported a surplus of $4K with revenue exceeding expenses, holds 0.0 months of operating reserves (limited), has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
Over 3 years of filings (2021–2023), Nicholes Xiao Foundation's revenue has declined at a compound annual growth rate (CAGR) of -32.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.0% | -60.9% | +0.0% |
| 2022 | -54.5% | +283.7% | -100.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1230 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Nicholes Xiao Foundation 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 Nicholes Xiao Foundation 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4K, with revenue exceeding expenses.
- Debt-to-asset ratio: 100.0%.
Frequently Asked Questions about Nicholes Xiao Foundation
Is Nicholes Xiao Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Nicholes Xiao Foundation (EIN: 863571764) insufficient data. 0 red flags identified, 0 strengths noted.
How does Nicholes Xiao Foundation spend its money?
Detailed spending breakdown data is not yet available for Nicholes Xiao Foundation. Check back for updated IRS 990 analysis.
Are donations to Nicholes Xiao Foundation tax-deductible?
Nicholes Xiao Foundation is registered as a tax-exempt nonprofit (EIN: 863571764). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Nicholes Xiao Foundation located?
Nicholes Xiao Foundation is headquartered in Sandy, Utah and files with the IRS under EIN 863571764. It is classified under NTEE code B12.
How many years of IRS 990 filings does Nicholes Xiao Foundation have?
Nicholes Xiao Foundation has 3 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 $40K in total revenue.
Filing History
IRS 990 filing history for Nicholes Xiao Foundation showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Nicholes Xiao Foundation's revenue has declined by 54.5%, moving from $22K to $10K. Total assets decreased by 100% over the same period, from $15K to $1. Total functional expenses rose by 50.2%, from $4K to $6K. In its most recent filing year (2023), Nicholes Xiao Foundation reported a surplus of $4K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1 in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10K | $6K | $1 | $1 | — | — |
| 2022 | $10K | $15K | $1 | $1 | — | View 990 |
| 2021 | $22K | $4K | $15K | $1 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $10K, expenses of $6K, and assets of $1 (revenue +0.0% year-over-year).
- 2022: Revenue of $10K, expenses of $15K, and assets of $1 (revenue -54.5% year-over-year).
- 2021: Revenue of $22K, expenses of $4K, and assets of $15K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nicholes Xiao Foundation:
Data Sources and Methodology
This transparency report for Nicholes Xiao Foundation 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.