Xds Inc
EIN: 680582042 · Carrboro, NC · NTEE: F22
Is Xds Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Xds Inc
Xds Inc (EIN: 680582042) is a nonprofit organization based in Carrboro, NC, classified under NTEE code F22. The organization reported total revenue of $444K and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Xds Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Xds Inc is a small nonprofit that has been operating for 22 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -8.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $566K |
| Total Expenses | $228K |
| Surplus / Deficit | +$338K |
| Total Assets | $3.6M |
| Total Liabilities | $686K |
| Net Assets | $2.9M |
| Operating Margin | 59.7% |
| Debt-to-Asset Ratio | 18.9% |
| Months of Reserves | 191.0 months |
Financial Health Grade: A
In 2023, Xds Inc reported a surplus of $338K with revenue exceeding expenses, holds 191.0 months of operating reserves (strong position), has a debt-to-asset ratio of 18.9% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Xds Inc's revenue has declined at a compound annual growth rate (CAGR) of -8.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -47.0% | +34.6% | +15.8% |
| 2022 | +32.5% | +6.6% | +26.8% |
| 2021 | +77.4% | +3.8% | +76.0% |
| 2020 | +78.4% | -39.3% | +34.2% |
| 2019 | +40.8% | +35.9% | -1.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Xds 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 Xds 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 $338K, with revenue exceeding expenses.
- Debt-to-asset ratio: 18.9%.
Frequently Asked Questions about Xds Inc
Is Xds Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Xds Inc (EIN: 680582042) insufficient data. 0 red flags identified, 0 strengths noted.
How does Xds Inc spend its money?
Detailed spending breakdown data is not yet available for Xds Inc. Check back for updated IRS 990 analysis.
Are donations to Xds Inc tax-deductible?
Xds Inc is registered as a tax-exempt nonprofit (EIN: 680582042). 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 Xds Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Xds Inc's revenue has declined by 68.7%, moving from $1.8M to $566K. Total assets increased by 186.3% over the same period, from $1.3M to $3.6M. Total functional expenses fell by 86.9%, from $1.7M to $228K. In its most recent filing year (2023), Xds Inc reported a surplus of $338K, with revenue exceeding expenses. The organization holds $686K in liabilities against $3.6M in assets (debt-to-asset ratio: 18.9%), resulting in net assets of $2.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $566K | $228K | $3.6M | $686K | — | — |
| 2022 | $1.1M | $170K | $3.1M | $528K | — | — |
| 2021 | $806K | $159K | $2.5M | $763K | — | View 990 |
| 2020 | $454K | $153K | $1.4M | $341K | — | View 990 |
| 2019 | $255K | $253K | $1.0M | $283K | — | View 990 |
| 2018 | $181K | $186K | $1.1M | $301K | — | View 990 |
| 2017 | $111K | $134K | $1.1M | $320K | — | — |
| 2016 | $397K | $185K | $1.1M | $336K | — | View 990 |
| 2015 | $200K | $131K | $832K | $254K | — | View 990 |
| 2014 | $134K | $126K | $787K | $278K | — | View 990 |
| 2013 | $11K | $79K | $794K | $296K | — | View 990 |
| 2012 | $88K | $183K | $889K | $323K | — | View 990 |
| 2011 | $635K | $746K | $1.0M | $358K | — | View 990 |
| 2010 | $1.8M | $1.7M | $1.3M | $471K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $566K, expenses of $228K, and assets of $3.6M (revenue -47.0% year-over-year).
- 2022: Revenue of $1.1M, expenses of $170K, and assets of $3.1M (revenue +32.5% year-over-year).
- 2021: Revenue of $806K, expenses of $159K, and assets of $2.5M (revenue +77.4% year-over-year).
- 2020: Revenue of $454K, expenses of $153K, and assets of $1.4M (revenue +78.4% year-over-year).
- 2019: Revenue of $255K, expenses of $253K, and assets of $1.0M (revenue +40.8% year-over-year).
- 2018: Revenue of $181K, expenses of $186K, and assets of $1.1M (revenue +62.3% year-over-year).
- 2017: Revenue of $111K, expenses of $134K, and assets of $1.1M (revenue -71.9% year-over-year).
- 2016: Revenue of $397K, expenses of $185K, and assets of $1.1M (revenue +98.6% year-over-year).
- 2015: Revenue of $200K, expenses of $131K, and assets of $832K (revenue +49.4% year-over-year).
- 2014: Revenue of $134K, expenses of $126K, and assets of $787K (revenue +1103.0% year-over-year).
- 2013: Revenue of $11K, expenses of $79K, and assets of $794K (revenue -87.3% year-over-year).
- 2012: Revenue of $88K, expenses of $183K, and assets of $889K (revenue -86.2% year-over-year).
- 2011: Revenue of $635K, expenses of $746K, and assets of $1.0M (revenue -64.9% year-over-year).
- 2010: Revenue of $1.8M, expenses of $1.7M, and assets of $1.3M.
Data Sources and Methodology
This transparency report for Xds 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.