Western North Carolina Real Estate Foundation Inc
EIN: 261998057 · Asheville, NC · NTEE: T11
Is Western North Carolina Real Estate Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Western North Carolina Real Estate Foundation Inc
Western North Carolina Real Estate Foundation Inc (EIN: 261998057) is a nonprofit organization based in Asheville, NC, classified under NTEE code T11. The organization reported total revenue of $2.6M and total assets of $120K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Western North Carolina Real Estate Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Western North Carolina Real Estate Foundation Inc is a mid-size 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 40.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $291K |
| Total Expenses | $3K |
| Surplus / Deficit | +$289K |
| Total Assets | $375K |
| Net Assets | $375K |
| Operating Margin | 99.1% |
| Months of Reserves | 1640.9 months |
Financial Health Grade: A
In 2023, Western North Carolina Real Estate Foundation Inc reported a surplus of $289K with revenue exceeding expenses, holds 1640.9 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Western North Carolina Real Estate Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 40.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2850.8% | +1.6% | +334.2% |
| 2022 | -97.6% | -99.3% | +9.1% |
| 2021 | +3676.4% | +16140.1% | +16.8% |
| 2019 | -586.8% | +1048.7% | -61.3% |
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 Analysis Pending
AI enrichment for Western North Carolina Real Estate Foundation Inc 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 Western North Carolina Real Estate Foundation Inc 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 surplus of $289K, with revenue exceeding expenses.
Frequently Asked Questions about Western North Carolina Real Estate Foundation Inc
Is Western North Carolina Real Estate Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Western North Carolina Real Estate Foundation Inc (EIN: 261998057) insufficient data. 0 red flags identified, 0 strengths noted.
How does Western North Carolina Real Estate Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Western North Carolina Real Estate Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Western North Carolina Real Estate Foundation Inc tax-deductible?
Western North Carolina Real Estate Foundation Inc is registered as a tax-exempt nonprofit (EIN: 261998057). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Western North Carolina Real Estate Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Western North Carolina Real Estate Foundation Inc's revenue has grown by 5720.8%, moving from $5K to $291K. Total assets increased by 2801.4% over the same period, from $13K to $375K. Total functional expenses rose by 162.4%, from $1K to $3K. In its most recent filing year (2023), Western North Carolina Real Estate Foundation Inc reported a surplus of $289K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $291K | $3K | $375K | $0 | — | View 990 |
| 2022 | $10K | $3K | $86K | $0 | — | View 990 |
| 2021 | $413K | $401K | $79K | $0 | — | — |
| 2020 | $11K | $2K | $68K | $0 | — | View 990 |
| 2019 | $-60,624 | $33K | $59K | $0 | — | View 990 |
| 2018 | $12K | $3K | $153K | $0 | — | View 990 |
| 2017 | $10K | $5K | $144K | $0 | — | View 990 |
| 2016 | $165K | $576K | $138K | $0 | — | View 990 |
| 2015 | $36K | $3.5M | $550K | $0 | — | View 990 |
| 2014 | $4.1M | $16K | $4.1M | $0 | — | View 990 |
| 2013 | $-108,796 | $376K | $19K | $0 | — | View 990 |
| 2012 | $502K | $10K | $505K | $0 | — | View 990 |
| 2011 | $5K | $1K | $13K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $291K, expenses of $3K, and assets of $375K (revenue +2850.8% year-over-year).
- 2022: Revenue of $10K, expenses of $3K, and assets of $86K (revenue -97.6% year-over-year).
- 2021: Revenue of $413K, expenses of $401K, and assets of $79K (revenue +3676.4% year-over-year).
- 2020: Revenue of $11K, expenses of $2K, and assets of $68K.
- 2019: Revenue of $-60,624, expenses of $33K, and assets of $59K (revenue -586.8% year-over-year).
- 2018: Revenue of $12K, expenses of $3K, and assets of $153K (revenue +22.1% year-over-year).
- 2017: Revenue of $10K, expenses of $5K, and assets of $144K (revenue -93.8% year-over-year).
- 2016: Revenue of $165K, expenses of $576K, and assets of $138K (revenue +364.0% year-over-year).
- 2015: Revenue of $36K, expenses of $3.5M, and assets of $550K (revenue -99.1% year-over-year).
- 2014: Revenue of $4.1M, expenses of $16K, and assets of $4.1M.
- 2013: Revenue of $-108,796, expenses of $376K, and assets of $19K (revenue -121.7% year-over-year).
- 2012: Revenue of $502K, expenses of $10K, and assets of $505K (revenue +9920.2% year-over-year).
- 2011: Revenue of $5K, expenses of $1K, and assets of $13K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Western North Carolina Real Estate Foundation Inc:
Data Sources and Methodology
This transparency report for Western North Carolina Real Estate 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.