Yadkin Valley United Fund Inc
EIN: 561024021 · Elkin, NC
Is Yadkin Valley United Fund Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Yadkin Valley United Fund Inc
Yadkin Valley United Fund Inc (EIN: 561024021) is a nonprofit organization based in Elkin, NC. The organization reported total revenue of $224K and total assets of $382K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Yadkin Valley United Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Yadkin Valley United Fund Inc is a small nonprofit that has been operating for 54 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $182K |
| Total Expenses | $193K |
| Surplus / Deficit | $-10,189 |
| Total Assets | $358K |
| Total Liabilities | $160K |
| Net Assets | $198K |
| Operating Margin | -5.6% |
| Debt-to-Asset Ratio | 44.7% |
| Months of Reserves | 22.3 months |
Financial Health Grade: B
In 2023, Yadkin Valley United Fund Inc reported a deficit of $10K with expenses exceeding revenue, holds 22.3 months of operating reserves (strong position), has a debt-to-asset ratio of 44.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Yadkin Valley United Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.2% | +2.5% | -0.5% |
| 2022 | +9.0% | +7.8% | +6.7% |
| 2021 | -22.2% | -38.4% | +4.4% |
| 2020 | +28.9% | +51.8% | -13.2% |
| 2019 | +2.5% | -3.3% | -1.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1972 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Yadkin Valley United Fund 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 Yadkin Valley United Fund 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 deficit of $10K, with expenses exceeding revenue.
- Debt-to-asset ratio: 44.7%.
Frequently Asked Questions about Yadkin Valley United Fund Inc
Is Yadkin Valley United Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Yadkin Valley United Fund Inc (EIN: 561024021) insufficient data. 0 red flags identified, 0 strengths noted.
How does Yadkin Valley United Fund Inc spend its money?
Detailed spending breakdown data is not yet available for Yadkin Valley United Fund Inc. Check back for updated IRS 990 analysis.
Are donations to Yadkin Valley United Fund Inc tax-deductible?
Yadkin Valley United Fund Inc is registered as a tax-exempt nonprofit (EIN: 561024021). 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 Yadkin Valley United Fund Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Yadkin Valley United Fund Inc's revenue has grown by 44.5%, moving from $126K to $182K. Total assets increased by 28.3% over the same period, from $279K to $358K. Total functional expenses rose by 50.2%, from $128K to $193K. In its most recent filing year (2023), Yadkin Valley United Fund Inc reported a deficit of $10K, with expenses exceeding revenue. The organization holds $160K in liabilities against $358K in assets (debt-to-asset ratio: 44.7%), resulting in net assets of $198K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $182K | $193K | $358K | $160K | — | — |
| 2022 | $205K | $188K | $360K | $152K | — | — |
| 2021 | $188K | $174K | $337K | $147K | — | View 990 |
| 2020 | $242K | $283K | $323K | $146K | — | View 990 |
| 2019 | $188K | $186K | $372K | $155K | — | View 990 |
| 2018 | $183K | $193K | $376K | $160K | — | View 990 |
| 2017 | $184K | $182K | $376K | $150K | — | View 990 |
| 2016 | $198K | $189K | $354K | $130K | — | View 990 |
| 2015 | $194K | $144K | $333K | $118K | — | View 990 |
| 2014 | $141K | $147K | $282K | $117K | — | View 990 |
| 2013 | $134K | $157K | $292K | $121K | — | View 990 |
| 2012 | $204K | $179K | $304K | $111K | — | View 990 |
| 2011 | $126K | $128K | $279K | $111K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $182K, expenses of $193K, and assets of $358K (revenue -11.2% year-over-year).
- 2022: Revenue of $205K, expenses of $188K, and assets of $360K (revenue +9.0% year-over-year).
- 2021: Revenue of $188K, expenses of $174K, and assets of $337K (revenue -22.2% year-over-year).
- 2020: Revenue of $242K, expenses of $283K, and assets of $323K (revenue +28.9% year-over-year).
- 2019: Revenue of $188K, expenses of $186K, and assets of $372K (revenue +2.5% year-over-year).
- 2018: Revenue of $183K, expenses of $193K, and assets of $376K (revenue -0.4% year-over-year).
- 2017: Revenue of $184K, expenses of $182K, and assets of $376K (revenue -7.0% year-over-year).
- 2016: Revenue of $198K, expenses of $189K, and assets of $354K (revenue +2.1% year-over-year).
- 2015: Revenue of $194K, expenses of $144K, and assets of $333K (revenue +37.1% year-over-year).
- 2014: Revenue of $141K, expenses of $147K, and assets of $282K (revenue +5.1% year-over-year).
- 2013: Revenue of $134K, expenses of $157K, and assets of $292K (revenue -34.2% year-over-year).
- 2012: Revenue of $204K, expenses of $179K, and assets of $304K (revenue +61.7% year-over-year).
- 2011: Revenue of $126K, expenses of $128K, and assets of $279K.
Data Sources and Methodology
This transparency report for Yadkin Valley United Fund 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.