Philip Devon Family Foundation Inc
Philip Devon Family Foundation Inc. faces persistent operating deficits and declining assets.
EIN: 133498743 · Charlottesville, VA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $13K |
| Total Expenses | $18K |
| Program Spending | 70% |
| Net Assets | $93K |
| Transparency Score | 45/100 |
Is Philip Devon Family Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Philip Devon Family Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Philip Devon Family Foundation Inc
Philip Devon Family Foundation Inc (EIN: 133498743) is a nonprofit organization based in Charlottesville, VA. The organization reported total revenue of $13K and total assets of $98K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Philip Devon Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Philip Devon Family Foundation Inc is a micro nonprofit that has been operating for 37 years, with 8 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of -8.3%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $4K |
| Total Expenses | $18K |
| Surplus / Deficit | $-13,838 |
| Total Assets | $93K |
| Total Liabilities | $1 |
| Net Assets | $93K |
| Operating Margin | -360.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 63.4 months |
Financial Health Grade: B
In 2021, Philip Devon Family Foundation Inc reported a deficit of $14K with expenses exceeding revenue, holds 63.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 8 years of filings (2011–2021), Philip Devon Family Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -8.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -43.6% | -25.6% | -12.9% |
| 2020 | -13.4% | +2.2% | -13.7% |
| 2019 | +11.4% | +7.8% | -34.2% |
| 2015 | +26.3% | +0.8% | -7.1% |
| 2014 | +7.6% | -0.5% | -7.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
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 Philip Devon Family 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, Philip Devon Family 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 (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $14K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% of expenses across all available filings, indicating that no officer salaries are paid, which is a positive for resource allocation given the organization's small size and declining financial position.
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 Philip Devon Family Foundation Inc's IRS 990 filings:
- Persistent operating deficits (expenses consistently exceed revenue, e.g., $17,674 expenses vs. $3,836 revenue in 2021).
- Significant and continuous decline in assets (from $249,774 in 2011 to $97,972 currently).
- Lack of detailed expense breakdown (NTEE code unknown, making it hard to assess program efficiency).
Strengths
The following positive indicators were identified for Philip Devon Family Foundation Inc:
- Consistent filing of IRS 990 forms (8 filings available), indicating transparency in reporting.
- 0% officer compensation, ensuring all funds are directed towards the organization's mission or operations.
- Low liabilities (consistently $0 or $1 across filings).
Frequently Asked Questions about Philip Devon Family Foundation Inc
Is Philip Devon Family Foundation Inc a legitimate charity?
Philip Devon Family Foundation Inc (EIN: 133498743) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 45/100. It has 8 years of IRS 990 filings on record. Total revenue: $13K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Philip Devon Family Foundation Inc spend its money?
Philip Devon Family Foundation Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Philip Devon Family Foundation Inc tax-deductible?
Philip Devon Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133498743). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Philip Devon Family Foundation Inc's spending goes to programs?
Philip Devon Family Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Philip Devon Family Foundation Inc located?
Philip Devon Family Foundation Inc is headquartered in Charlottesville, Virginia and files with the IRS under EIN 133498743.
How many years of IRS 990 filings does Philip Devon Family Foundation Inc have?
Philip Devon Family Foundation Inc has 8 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 $13K in total revenue.
Is the Philip Devon Family Foundation Inc. financially sustainable?
Based on the provided data, the foundation is not financially sustainable. Its expenses consistently exceed its revenue, leading to a continuous decline in assets from $249,774 in 2011 to $97,972 currently. This indicates it is spending down its principal.
What is the primary cause of the foundation's declining assets?
The primary cause is persistent operating deficits. For example, in 2021, revenue was $3,836 while expenses were $17,674, resulting in a deficit that contributed to the asset decline.
Does the foundation pay its officers?
No, the foundation consistently reports 0% officer compensation across all available IRS 990 filings, indicating no salaries are paid to its officers.
Filing History
IRS 990 filing history for Philip Devon Family Foundation Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2021), Philip Devon Family Foundation Inc's revenue has declined by 57.8%, moving from $9K to $4K. Total assets decreased by 62.6% over the same period, from $250K to $93K. Total functional expenses fell by 18.1%, from $22K to $18K. In its most recent filing year (2021), Philip Devon Family Foundation Inc reported a deficit of $14K, with expenses exceeding revenue. The organization holds $1 in liabilities against $93K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $93K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $4K | $18K | $93K | $1 | — | View 990 |
| 2020 | $7K | $24K | $107K | $1 | — | — |
| 2019 | $8K | $23K | $124K | $1 | — | View 990 |
| 2015 | $7K | $22K | $189K | $0 | — | View 990 |
| 2014 | $6K | $21K | $203K | $0 | — | View 990 |
| 2013 | $5K | $22K | $219K | $0 | — | View 990 |
| 2012 | $7K | $22K | $235K | $0 | — | View 990 |
| 2011 | $9K | $22K | $250K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $4K, expenses of $18K, and assets of $93K (revenue -43.6% year-over-year).
- 2020: Revenue of $7K, expenses of $24K, and assets of $107K (revenue -13.4% year-over-year).
- 2019: Revenue of $8K, expenses of $23K, and assets of $124K (revenue +11.4% year-over-year).
- 2015: Revenue of $7K, expenses of $22K, and assets of $189K (revenue +26.3% year-over-year).
- 2014: Revenue of $6K, expenses of $21K, and assets of $203K (revenue +7.6% year-over-year).
- 2013: Revenue of $5K, expenses of $22K, and assets of $219K (revenue -28.4% year-over-year).
- 2012: Revenue of $7K, expenses of $22K, and assets of $235K (revenue -20.4% year-over-year).
- 2011: Revenue of $9K, expenses of $22K, and assets of $250K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Philip Devon Family Foundation Inc:
Data Sources and Methodology
This transparency report for Philip Devon Family 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.