Vivian & Ernest Cory Family Foundation
EIN: 465217381 · Birmingham, AL · NTEE: T20
| Metric | Value |
|---|---|
| Total Revenue | $20K |
| Total Expenses | $14K |
| Net Assets | $-5,671 |
Is Vivian & Ernest Cory Family Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Vivian & Ernest Cory Family Foundation
Vivian & Ernest Cory Family Foundation (EIN: 465217381) is a nonprofit organization based in Birmingham, AL, classified under NTEE code T20. The organization reported total revenue of $20K and total assets of $24K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vivian & Ernest Cory Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Vivian & Ernest Cory Family Foundation is a micro nonprofit that has been operating for 12 years, with 6 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 217.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10K |
| Total Expenses | $14K |
| Surplus / Deficit | $-3,954 |
| Total Assets | $19K |
| Total Liabilities | $25K |
| Net Assets | $-5,671 |
| Operating Margin | -38.7% |
| Debt-to-Asset Ratio | 129.3% |
| Months of Reserves | 16.4 months |
Financial Health Grade: C
In 2023, Vivian & Ernest Cory Family Foundation reported a deficit of $4K with expenses exceeding revenue, holds 16.4 months of operating reserves (strong position), has a debt-to-asset ratio of 129.3% (high leverage).
Financial Trends
Over 6 years of filings (2015–2023), Vivian & Ernest Cory Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 217.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4815.4% | -16.9% | -17.0% |
| 2022 | -99.6% | -79.3% | -42.0% |
| 2021 | +4.9% | +222.2% | -42.6% |
| 2020 | +71.9% | -54.3% | +54.5% |
| 2019 | +2922200.0% | — | +4522400.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Vivian & Ernest Cory Family Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Vivian & Ernest Cory Family Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 129.3%.
Frequently Asked Questions about Vivian & Ernest Cory Family Foundation
Is Vivian & Ernest Cory Family Foundation a legitimate charity?
Vivian & Ernest Cory Family Foundation (EIN: 465217381) is a registered tax-exempt nonprofit based in Alabama. It has 6 years of IRS 990 filings on record. Total revenue: $20K. No red flags identified. Financial health grade: C.
How does Vivian & Ernest Cory Family Foundation spend its money?
Vivian & Ernest Cory Family Foundation reported $20K in total revenue in IRS 990 filings. 6 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Vivian & Ernest Cory Family Foundation tax-deductible?
Vivian & Ernest Cory Family Foundation is registered as a tax-exempt nonprofit (EIN: 465217381). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Vivian & Ernest Cory Family Foundation located?
Vivian & Ernest Cory Family Foundation is headquartered in Birmingham, Alabama and files with the IRS under EIN 465217381. It is classified under NTEE code T20.
How many years of IRS 990 filings does Vivian & Ernest Cory Family Foundation have?
Vivian & Ernest Cory Family Foundation has 6 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 $20K in total revenue.
Filing History
IRS 990 filing history for Vivian & Ernest Cory Family Foundation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2015–2023), Vivian & Ernest Cory Family Foundation's revenue has grown by 1022300%, moving from $1 to $10K. Total assets increased by 1932800% over the same period, from $1 to $19K. In its most recent filing year (2023), Vivian & Ernest Cory Family Foundation reported a deficit of $4K, with expenses exceeding revenue. The organization holds $25K in liabilities against $19K in assets (debt-to-asset ratio: 129.3%), resulting in net assets of $-5,671.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10K | $14K | $19K | $25K | — | — |
| 2022 | $208 | $17K | $23K | $25K | — | — |
| 2021 | $53K | $82K | $40K | $25K | — | View 990 |
| 2020 | $50K | $26K | $70K | $25K | — | — |
| 2019 | $29K | $56K | $45K | $25K | — | View 990 |
| 2015 | $1 | $0 | $1 | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10K, expenses of $14K, and assets of $19K (revenue +4815.4% year-over-year).
- 2022: Revenue of $208, expenses of $17K, and assets of $23K (revenue -99.6% year-over-year).
- 2021: Revenue of $53K, expenses of $82K, and assets of $40K (revenue +4.9% year-over-year).
- 2020: Revenue of $50K, expenses of $26K, and assets of $70K (revenue +71.9% year-over-year).
- 2019: Revenue of $29K, expenses of $56K, and assets of $45K (revenue +2922200.0% year-over-year).
- 2015: Revenue of $1, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Vivian & Ernest Cory Family Foundation:
Data Sources and Methodology
This transparency report for Vivian & Ernest Cory Family 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.