The Ron And Debra Harris Charitable Foundation Inc
The Ron And Debra Harris Charitable Foundation Inc maintains substantial assets despite fluctuating revenues and occasional operational deficits.
EIN: 133793221 · Palmyra, VA · NTEE: T20J · Updated: 2026-03-28
Is The Ron And Debra Harris Charitable Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Ron And Debra Harris Charitable Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Ron And Debra Harris Charitable Foundation Inc
The Ron And Debra Harris Charitable Foundation Inc (EIN: 133793221) is a nonprofit organization based in Palmyra, VA, classified under NTEE code T20J. The organization reported total revenue of $1.2M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Ron And Debra Harris Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Ron And Debra Harris Charitable Foundation Inc is a mid-size nonprofit that has been operating for 30 years, with 7 years of IRS 990 filings on record (2010–2019). Revenue has grown at a compound annual rate of 31.0%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $237K |
| Total Expenses | $412K |
| Surplus / Deficit | $-175,152 |
| Total Assets | $2.6M |
| Total Liabilities | $1 |
| Net Assets | $2.6M |
| Operating Margin | -73.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 75.3 months |
Financial Health Grade: B
In 2019, The Ron And Debra Harris Charitable Foundation Inc reported a deficit of $175K with expenses exceeding revenue, holds 75.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 7 years of filings (2010–2019), The Ron And Debra Harris Charitable Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 31.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | +80.0% | +154.7% | -5.8% |
| 2015 | -14.0% | -49.6% | -1.1% |
| 2014 | -45.6% | +1.6% | -5.7% |
| 2013 | +25.3% | +6.3% | -1.2% |
| 2012 | -0.3% | +54.9% | -2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
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 The Ron And Debra Harris Charitable Foundation Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, The Ron And Debra Harris Charitable Foundation Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $175K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's officers are not compensated, which is a strong positive for resource allocation.
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 The Ron And Debra Harris Charitable Foundation Inc's IRS 990 filings:
- Expenses frequently exceed revenue, potentially drawing down assets if not balanced by future contributions or investment gains.
Strengths
The following positive indicators were identified for The Ron And Debra Harris Charitable Foundation Inc:
- Strong asset base ($2,584,986 in 201910) provides financial stability.
- Consistently minimal liabilities ($1 or $0) indicates no significant debt.
- Zero officer compensation across all filings demonstrates efficient use of funds at the executive level.
- Significant increase in latest reported revenue ($1,177,570) suggests renewed financial support or strong investment performance.
Frequently Asked Questions about The Ron And Debra Harris Charitable Foundation Inc
Is The Ron And Debra Harris Charitable Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Ron And Debra Harris Charitable Foundation Inc (EIN: 133793221) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does The Ron And Debra Harris Charitable Foundation Inc spend its money?
The Ron And Debra Harris Charitable Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Ron And Debra Harris Charitable Foundation Inc tax-deductible?
The Ron And Debra Harris Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133793221). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is The Ron And Debra Harris Charitable Foundation Inc financially stable?
Yes, despite periods where expenses exceeded revenue, the foundation maintains substantial assets, reported at $2,584,986 in 201910, and minimal liabilities, indicating strong financial stability.
Does the foundation pay its officers?
No, the IRS 990 filings consistently report 0% officer compensation across all periods, suggesting a volunteer or uncompensated leadership structure.
What is the primary activity of this organization?
Based on its NTEE code T20J (Private Grantmaking Foundations) and financial patterns, its primary activity is grantmaking to other charitable organizations or individuals.
Why did expenses exceed revenue in several years?
As a private foundation, it may strategically disburse grants from its endowment or accumulated funds, leading to expenses exceeding annual revenue in certain periods, such as in 201910 ($412,151 expenses vs. $236,999 revenue) and significantly in 201010 ($1,296,090 expenses vs. $20,888 revenue).
Filing History
IRS 990 filing history for The Ron And Debra Harris Charitable Foundation Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2010–2019), The Ron And Debra Harris Charitable Foundation Inc's revenue has grown by 1034.6%, moving from $21K to $237K. Total assets decreased by 14.4% over the same period, from $3.0M to $2.6M. Total functional expenses fell by 68.2%, from $1.3M to $412K. In its most recent filing year (2019), The Ron And Debra Harris Charitable Foundation Inc reported a deficit of $175K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $237K | $412K | $2.6M | $1 | — | View 990 |
| 2015 | $132K | $162K | $2.7M | $1 | — | View 990 |
| 2014 | $153K | $321K | $2.8M | $1 | — | View 990 |
| 2013 | $281K | $316K | $2.9M | $1 | — | View 990 |
| 2012 | $225K | $297K | $3.0M | $1 | — | View 990 |
| 2011 | $225K | $192K | $3.1M | $1 | — | View 990 |
| 2010 | $21K | $1.3M | $3.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $237K, expenses of $412K, and assets of $2.6M (revenue +80.0% year-over-year).
- 2015: Revenue of $132K, expenses of $162K, and assets of $2.7M (revenue -14.0% year-over-year).
- 2014: Revenue of $153K, expenses of $321K, and assets of $2.8M (revenue -45.6% year-over-year).
- 2013: Revenue of $281K, expenses of $316K, and assets of $2.9M (revenue +25.3% year-over-year).
- 2012: Revenue of $225K, expenses of $297K, and assets of $3.0M (revenue -0.3% year-over-year).
- 2011: Revenue of $225K, expenses of $192K, and assets of $3.1M (revenue +979.3% year-over-year).
- 2010: Revenue of $21K, expenses of $1.3M, and assets of $3.0M.
Data Sources and Methodology
This transparency report for The Ron And Debra Harris Charitable 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.