United Way Of Davidson Countyfoundation Inc
United Way Of Davidson Countyfoundation Inc reports minimal revenue and zero expenses for the past decade, indicating limited operational activity.
EIN: 208285901 · Lexington, NC · NTEE: T30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $242K |
| Net Assets | $63K |
| Transparency Score | 40/100 |
Is United Way Of Davidson Countyfoundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About United Way Of Davidson Countyfoundation Inc
United Way Of Davidson Countyfoundation Inc (EIN: 208285901) is a nonprofit organization based in Lexington, NC, classified under NTEE code T30. The organization reported total revenue of $242K and total assets of $311K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of United Way Of Davidson Countyfoundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
United Way Of Davidson Countyfoundation Inc is a small nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 32.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2K |
| Total Expenses | $0 |
| Surplus / Deficit | +$2K |
| Total Assets | $63K |
| Net Assets | $63K |
| Operating Margin | 100.0% |
Financial Health Grade: A
In 2023, United Way Of Davidson Countyfoundation Inc reported a surplus of $2K with revenue exceeding expenses.
Financial Trends
Over 13 years of filings (2011–2023), United Way Of Davidson Countyfoundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 32.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +827.7% | — | +2.9% |
| 2022 | +185.1% | — | +0.3% |
| 2021 | -79.0% | — | +0.1% |
| 2020 | -37.8% | — | +0.5% |
| 2019 | +36.1% | — | +0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 United Way Of Davidson Countyfoundation Inc with a Mission Score of 40 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: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, United Way Of Davidson Countyfoundation Inc allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating no salaries are paid to executives, which is appropriate given the minimal revenue and zero expenses.
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 United Way Of Davidson Countyfoundation Inc's IRS 990 filings:
- Consistent reporting of $0 expenses over multiple years, suggesting inactivity.
- Extremely low revenue figures for a United Way affiliated foundation, indicating minimal fundraising or endowment income.
Strengths
The following positive indicators were identified for United Way Of Davidson Countyfoundation Inc:
- Zero officer compensation, indicating no personal financial benefit to leadership from the organization's minimal funds.
- No reported liabilities, indicating a stable financial position without debt.
Frequently Asked Questions about United Way Of Davidson Countyfoundation Inc
Is United Way Of Davidson Countyfoundation Inc a legitimate charity?
United Way Of Davidson Countyfoundation Inc (EIN: 208285901) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 40/100. It has 13 years of IRS 990 filings on record. Total revenue: $242K. 2 red flags identified. 2 strengths noted. Financial health grade: A.
How does United Way Of Davidson Countyfoundation Inc spend its money?
United Way Of Davidson Countyfoundation Inc reported $242K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to United Way Of Davidson Countyfoundation Inc tax-deductible?
United Way Of Davidson Countyfoundation Inc is registered as a tax-exempt nonprofit (EIN: 208285901). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does United Way Of Davidson Countyfoundation Inc compare to similar nonprofits?
With a transparency score of 40/100 (Fair), United Way Of Davidson Countyfoundation Inc is near average for NTEE category T30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is United Way Of Davidson Countyfoundation Inc located?
United Way Of Davidson Countyfoundation Inc is headquartered in Lexington, North Carolina and files with the IRS under EIN 208285901. It is classified under NTEE code T30.
How many years of IRS 990 filings does United Way Of Davidson Countyfoundation Inc have?
United Way Of Davidson Countyfoundation Inc has 13 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 $242K in total revenue.
Is United Way Of Davidson Countyfoundation Inc actively pursuing its mission?
Based on the consistent reporting of $0 in expenses for the past decade, it appears the organization is not actively conducting programs or incurring operational costs, suggesting limited current mission pursuit.
What is the purpose of United Way Of Davidson Countyfoundation Inc's assets if no expenses are reported?
The assets, which have grown slightly over time (e.g., from $59,569 in 2014 to $63,035 in 2023), are held by the organization, but without reported expenses, it's unclear how they are being utilized to further the mission or if they are simply being maintained as an endowment.
Why does United Way Of Davidson Countyfoundation Inc continue to file if it has no expenses?
Organizations are generally required to file IRS Form 990 if their gross receipts are normally more than $50,000, or if they meet other criteria. Even with minimal activity, they may be fulfilling a legal requirement to maintain their tax-exempt status.
Filing History
IRS 990 filing history for United Way Of Davidson Countyfoundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), United Way Of Davidson Countyfoundation Inc's revenue has grown by 2903.4%, moving from $59 to $2K. Total assets increased by 6% over the same period, from $59K to $63K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2K | $0 | $63K | $0 | — | — |
| 2022 | $191 | $0 | $61K | $0 | — | View 990 |
| 2021 | $67 | $0 | $61K | $0 | — | View 990 |
| 2020 | $319 | $0 | $61K | $0 | — | View 990 |
| 2019 | $513 | $0 | $61K | $0 | — | View 990 |
| 2018 | $377 | $0 | $60K | $0 | — | View 990 |
| 2017 | $167 | $0 | $60K | $0 | — | View 990 |
| 2016 | $30 | $0 | $60K | $0 | — | View 990 |
| 2015 | $30 | $0 | $60K | $0 | — | View 990 |
| 2014 | $30 | $0 | $60K | $0 | — | View 990 |
| 2013 | $30 | $0 | $60K | $0 | — | View 990 |
| 2012 | $50 | $0 | $60K | $0 | — | View 990 |
| 2011 | $59 | $0 | $59K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2K, expenses of $0, and assets of $63K (revenue +827.7% year-over-year).
- 2022: Revenue of $191, expenses of $0, and assets of $61K (revenue +185.1% year-over-year).
- 2021: Revenue of $67, expenses of $0, and assets of $61K (revenue -79.0% year-over-year).
- 2020: Revenue of $319, expenses of $0, and assets of $61K (revenue -37.8% year-over-year).
- 2019: Revenue of $513, expenses of $0, and assets of $61K (revenue +36.1% year-over-year).
- 2018: Revenue of $377, expenses of $0, and assets of $60K (revenue +125.7% year-over-year).
- 2017: Revenue of $167, expenses of $0, and assets of $60K (revenue +456.7% year-over-year).
- 2016: Revenue of $30, expenses of $0, and assets of $60K (revenue +0.0% year-over-year).
- 2015: Revenue of $30, expenses of $0, and assets of $60K (revenue +0.0% year-over-year).
- 2014: Revenue of $30, expenses of $0, and assets of $60K (revenue +0.0% year-over-year).
- 2013: Revenue of $30, expenses of $0, and assets of $60K (revenue -40.0% year-over-year).
- 2012: Revenue of $50, expenses of $0, and assets of $60K (revenue -15.3% year-over-year).
- 2011: Revenue of $59, expenses of $0, and assets of $59K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for United Way Of Davidson Countyfoundation Inc:
Data Sources and Methodology
This transparency report for United Way Of Davidson Countyfoundation 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.