The University Of Fondwa Usa Inc
University Of Fondwa USA Inc experiences significant revenue decline and deficit in 2023 after strong 2022 performance, maintaining 0% officer compensation.
EIN: 208625115 · Houston, TX · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $1.8M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $863,821. |
| Net Assets | $694K |
| Transparency Score | 75/100 |
Is The University Of Fondwa Usa Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The University Of Fondwa Usa Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The University Of Fondwa Usa Inc
The University Of Fondwa Usa Inc (EIN: 208625115) is a nonprofit organization based in Houston, TX. The organization reported total revenue of $2.2M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The University Of Fondwa Usa Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The University Of Fondwa Usa Inc is a mid-size nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 27.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $864K |
| Total Expenses | $1.8M |
| Surplus / Deficit | $-898,973 |
| Total Assets | $708K |
| Total Liabilities | $14K |
| Net Assets | $694K |
| Operating Margin | -104.1% |
| Debt-to-Asset Ratio | 2.0% |
| Months of Reserves | 4.8 months |
Financial Health Grade: B
In 2023, The University Of Fondwa Usa Inc reported a deficit of $899K with expenses exceeding revenue, holds 4.8 months of operating reserves (adequate), has a debt-to-asset ratio of 2.0% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), The University Of Fondwa Usa Inc's revenue has grown at a compound annual growth rate (CAGR) of 27.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -67.8% | +54.1% | -55.3% |
| 2022 | +165.4% | +15.7% | +3691.8% |
| 2021 | +222.1% | +163.7% | +102.7% |
| 2020 | -57.6% | -44.7% | -74.5% |
| 2019 | +88.4% | +76.6% | +336.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| 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 The University Of Fondwa Usa 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, The University Of Fondwa Usa 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 $899K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officer salaries are paid, which is highly commendable for an organization of its size with latest revenue of $863,821.
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 University Of Fondwa Usa Inc's IRS 990 filings:
- Significant deficit in the latest filing (2023: Expenses $1,762,794 > Revenue $863,821)
- Volatile revenue streams with large fluctuations year-over-year (e.g., $2.68M in 2022 to $0.86M in 2023)
- Decreasing assets from $1,583,665 in 2022 to $708,200 in 2023
Strengths
The following positive indicators were identified for The University Of Fondwa Usa Inc:
- Consistent 0% officer compensation across all reported years, indicating strong financial stewardship.
- History of significant revenue generation, reaching over $2.6 million in 2022.
- Long history of IRS 990 filings (12 filings), demonstrating transparency and compliance.
- Maintained a positive asset base, even with fluctuations, reaching over $1.5 million in 2022.
Frequently Asked Questions about The University Of Fondwa Usa Inc
Is The University Of Fondwa Usa Inc a legitimate charity?
The University Of Fondwa Usa Inc (EIN: 208625115) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 75/100. It has 12 years of IRS 990 filings on record. Total revenue: $2.2M. 3 red flags identified. 4 strengths noted. Financial health grade: B.
How does The University Of Fondwa Usa Inc spend its money?
The University Of Fondwa Usa Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The University Of Fondwa Usa Inc tax-deductible?
The University Of Fondwa Usa Inc is registered as a tax-exempt nonprofit (EIN: 208625115). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The University Of Fondwa Usa Inc CEO make?
The University Of Fondwa Usa Inc's highest-compensated officer earns $863,821. annually. The organization reported $2.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The University Of Fondwa Usa Inc's spending goes to programs?
The University Of Fondwa Usa Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is The University Of Fondwa Usa Inc located?
The University Of Fondwa Usa Inc is headquartered in Houston, Texas and files with the IRS under EIN 208625115.
How many years of IRS 990 filings does The University Of Fondwa Usa Inc have?
The University Of Fondwa Usa Inc has 12 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 $2.2M in total revenue.
Is The University Of Fondwa Usa Inc financially stable given the recent deficit?
While the organization reported a significant deficit in 2023 ($863,821 revenue vs. $1,762,794 expenses), it had a strong surplus in 2022 ($2,683,940 revenue vs. $1,144,179 expenses) and substantial assets of $1,583,665 in 2022, though these decreased to $708,200 in 2023. Its ability to recover from previous deficits suggests resilience, but the 2023 figures warrant close monitoring.
How does the lack of officer compensation impact the organization?
The consistent 0% officer compensation across all filings is a significant strength, indicating that all funds are directed towards programs and operational costs rather than executive salaries. This suggests a highly volunteer-driven or lean management structure, maximizing donor impact.
What caused the large fluctuation in revenue between 2022 and 2023?
The revenue dropped from $2,683,940 in 2022 to $863,821 in 2023. Without further details from the 990 filings, it's difficult to pinpoint the exact cause, but such large swings could be due to one-time grants, major fundraising campaigns, or changes in donor contributions.
Filing History
IRS 990 filing history for The University Of Fondwa Usa Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), The University Of Fondwa Usa Inc's revenue has grown by 1681.3%, moving from $48K to $864K. Total assets increased by 1632.5% over the same period, from $41K to $708K. Total functional expenses rose by 3718.2%, from $46K to $1.8M. In its most recent filing year (2023), The University Of Fondwa Usa Inc reported a deficit of $899K, with expenses exceeding revenue. The organization holds $14K in liabilities against $708K in assets (debt-to-asset ratio: 2.0%), resulting in net assets of $694K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $864K | $1.8M | $708K | $14K | — | — |
| 2022 | $2.7M | $1.1M | $1.6M | $3K | — | View 990 |
| 2021 | $1.0M | $989K | $42K | $480 | — | View 990 |
| 2020 | $314K | $375K | $21K | $775 | — | View 990 |
| 2019 | $740K | $678K | $81K | $0 | — | View 990 |
| 2018 | $393K | $384K | $19K | $0 | — | View 990 |
| 2017 | $353K | $355K | $10K | $0 | — | View 990 |
| 2016 | $341K | $355K | $12K | $0 | — | — |
| 2015 | $206K | $188K | $26K | $0 | — | View 990 |
| 2014 | $115K | $116K | $8K | $0 | — | View 990 |
| 2012 | $15K | $15K | $41K | $0 | — | View 990 |
| 2011 | $48K | $46K | $41K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $864K, expenses of $1.8M, and assets of $708K (revenue -67.8% year-over-year).
- 2022: Revenue of $2.7M, expenses of $1.1M, and assets of $1.6M (revenue +165.4% year-over-year).
- 2021: Revenue of $1.0M, expenses of $989K, and assets of $42K (revenue +222.1% year-over-year).
- 2020: Revenue of $314K, expenses of $375K, and assets of $21K (revenue -57.6% year-over-year).
- 2019: Revenue of $740K, expenses of $678K, and assets of $81K (revenue +88.4% year-over-year).
- 2018: Revenue of $393K, expenses of $384K, and assets of $19K (revenue +11.3% year-over-year).
- 2017: Revenue of $353K, expenses of $355K, and assets of $10K (revenue +3.6% year-over-year).
- 2016: Revenue of $341K, expenses of $355K, and assets of $12K (revenue +65.0% year-over-year).
- 2015: Revenue of $206K, expenses of $188K, and assets of $26K (revenue +79.4% year-over-year).
- 2014: Revenue of $115K, expenses of $116K, and assets of $8K (revenue +684.6% year-over-year).
- 2012: Revenue of $15K, expenses of $15K, and assets of $41K (revenue -69.8% year-over-year).
- 2011: Revenue of $48K, expenses of $46K, and assets of $41K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The University Of Fondwa Usa Inc:
Data Sources and Methodology
This transparency report for The University Of Fondwa Usa 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.