United Way Of Forsyth County Foundation
United Way Of Forsyth County Foundation maintains over $11M in assets despite volatile revenue and recent deficit spending.
EIN: 202649556 · Winston Salem, NC · NTEE: T11 · Updated: 2026-03-28
Is United Way Of Forsyth County Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
United Way Of Forsyth County Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About United Way Of Forsyth County Foundation
United Way Of Forsyth County Foundation (EIN: 202649556) is a nonprofit organization based in Winston Salem, NC, classified under NTEE code T11. The organization reported total revenue of $185K and total assets of $11.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of United Way Of Forsyth County Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
United Way Of Forsyth County Foundation is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -20.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $274K |
| Total Expenses | $717K |
| Surplus / Deficit | $-443,773 |
| Total Assets | $11.6M |
| Total Liabilities | $9K |
| Net Assets | $11.6M |
| Operating Margin | -162.2% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 194.4 months |
Financial Health Grade: B
In 2023, United Way Of Forsyth County Foundation reported a deficit of $444K with expenses exceeding revenue, holds 194.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), United Way Of Forsyth County Foundation's revenue has declined at a compound annual growth rate (CAGR) of -20.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -24.2% | +324.9% | -2.3% |
| 2022 | +219.2% | +31.3% | -6.6% |
| 2021 | -23.6% | -3.4% | +8.3% |
| 2020 | -33.0% | +7.6% | -1.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Forsyth County Foundation 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, United Way Of Forsyth County Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $444K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly favorable for a foundation of its size with over $11 million in assets.
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 Forsyth County Foundation's IRS 990 filings:
- Highly volatile revenue streams, including a significant negative revenue year in 2018.
- Latest filing (202306) shows expenses ($717,445) significantly exceeding revenue ($273,672), indicating deficit spending.
- Lack of detailed program spending breakdown in the provided summary makes it difficult to fully assess program efficiency.
Strengths
The following positive indicators were identified for United Way Of Forsyth County Foundation:
- Substantial asset base, consistently over $11 million, providing long-term financial security.
- Consistent reporting of 0% officer compensation, indicating strong fiscal responsibility regarding executive pay.
- Long history of IRS 990 filings (13 filings), demonstrating commitment to transparency and compliance.
- Generally low operating expenses relative to assets in most years.
Frequently Asked Questions about United Way Of Forsyth County Foundation
Is United Way Of Forsyth County Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, United Way Of Forsyth County Foundation (EIN: 202649556) some concerns. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
How does United Way Of Forsyth County Foundation spend its money?
United Way Of Forsyth County Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to United Way Of Forsyth County Foundation tax-deductible?
United Way Of Forsyth County Foundation is registered as a tax-exempt nonprofit (EIN: 202649556). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is United Way Of Forsyth County Foundation financially stable?
The foundation possesses significant assets, consistently over $11 million, providing a strong financial buffer. However, its revenue has been highly inconsistent, and the latest filing (202306) shows expenses of $717,445 significantly exceeding revenue of $273,672, indicating operational instability in that period. Long-term stability relies on more consistent revenue generation or controlled spending.
How does the organization manage its expenses?
Expenses have generally been low relative to the organization's substantial assets, with many years showing expenses under $200,000. A notable exception is the 202306 period where expenses reached $717,445. The consistent reporting of 0% officer compensation suggests a lean approach to executive overhead.
What caused the negative revenue in 2018?
The filing for period 201806 shows a negative revenue of $-1,269,134. This could be due to significant investment losses, asset write-downs, or a major return of funds, which would require further investigation into the detailed financial statements to understand fully.
Filing History
IRS 990 filing history for United Way Of Forsyth County Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), United Way Of Forsyth County Foundation's revenue has declined by 93.9%, moving from $4.5M to $274K. Total assets increased by 27.6% over the same period, from $9.1M to $11.6M. Total functional expenses rose by 432.3%, from $135K to $717K. In its most recent filing year (2023), United Way Of Forsyth County Foundation reported a deficit of $444K, with expenses exceeding revenue. The organization holds $9K in liabilities against $11.6M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $11.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $274K | $717K | $11.6M | $9K | — | View 990 |
| 2022 | $361K | $169K | $11.9M | $6K | — | View 990 |
| 2021 | $113K | $129K | $12.7M | $2K | — | View 990 |
| 2020 | $148K | $133K | $11.8M | $2K | — | View 990 |
| 2019 | $221K | $124K | $11.9M | $2K | — | View 990 |
| 2018 | $-1,269,134 | $153K | $11.8M | $1K | — | View 990 |
| 2017 | $176K | $195K | $13.0M | $4K | — | View 990 |
| 2016 | $348K | $111K | $12.5M | $2K | — | View 990 |
| 2015 | $296K | $93K | $12.4M | $0 | — | View 990 |
| 2014 | $2.3M | $104K | $12.4M | $2K | — | View 990 |
| 2013 | $463K | $87K | $9.8M | $431K | — | View 990 |
| 2012 | $212K | $111K | $8.8M | $235K | — | View 990 |
| 2011 | $4.5M | $135K | $9.1M | $239K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $274K, expenses of $717K, and assets of $11.6M (revenue -24.2% year-over-year).
- 2022: Revenue of $361K, expenses of $169K, and assets of $11.9M (revenue +219.2% year-over-year).
- 2021: Revenue of $113K, expenses of $129K, and assets of $12.7M (revenue -23.6% year-over-year).
- 2020: Revenue of $148K, expenses of $133K, and assets of $11.8M (revenue -33.0% year-over-year).
- 2019: Revenue of $221K, expenses of $124K, and assets of $11.9M.
- 2018: Revenue of $-1,269,134, expenses of $153K, and assets of $11.8M (revenue -822.2% year-over-year).
- 2017: Revenue of $176K, expenses of $195K, and assets of $13.0M (revenue -49.5% year-over-year).
- 2016: Revenue of $348K, expenses of $111K, and assets of $12.5M (revenue +17.4% year-over-year).
- 2015: Revenue of $296K, expenses of $93K, and assets of $12.4M (revenue -87.1% year-over-year).
- 2014: Revenue of $2.3M, expenses of $104K, and assets of $12.4M (revenue +398.0% year-over-year).
- 2013: Revenue of $463K, expenses of $87K, and assets of $9.8M (revenue +118.2% year-over-year).
- 2012: Revenue of $212K, expenses of $111K, and assets of $8.8M (revenue -95.3% year-over-year).
- 2011: Revenue of $4.5M, expenses of $135K, and assets of $9.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for United Way Of Forsyth County Foundation:
Data Sources and Methodology
This transparency report for United Way Of Forsyth County 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.