Yount Foundation Inc
Yount Foundation Inc. shows stable finances with no reported officer compensation, but fluctuating assets.
EIN: 205240159 · Hickory, NC · NTEE: B90 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $1.8M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $137K |
| Transparency Score | 85/100 |
Is Yount Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Yount Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Yount Foundation Inc
Yount Foundation Inc (EIN: 205240159) is a nonprofit organization based in Hickory, NC, classified under NTEE code B90. The organization reported total revenue of $1.5M and total assets of $272K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Yount Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Yount Foundation Inc is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$86K |
| Total Assets | $138K |
| Total Liabilities | $892 |
| Net Assets | $137K |
| Operating Margin | 4.6% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 0.9 months |
Financial Health Grade: A
In 2023, Yount Foundation Inc reported a surplus of $86K with revenue exceeding expenses, holds 0.9 months of operating reserves (limited), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Yount Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.9% | -12.4% | +134.7% |
| 2022 | +10.3% | +10.0% | -54.2% |
| 2021 | +52.9% | +69.6% | -34.5% |
| 2020 | -14.2% | -15.8% | +63.9% |
| 2019 | +52.4% | +53.6% | +56.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Yount Foundation Inc 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Yount Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 surplus of $86K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting that officers are either uncompensated or compensated through non-officer categories, which is highly favorable for minimizing administrative overhead relative to the organization's revenue, which has been consistently over $1 million in recent years.
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 Yount Foundation Inc's IRS 990 filings:
- Significant fluctuations in asset base without clear explanation in provided data
- Occasional periods of expenses exceeding revenue, such as in 2022 ($2,059,712 expenses vs. $1,989,971 revenue)
Strengths
The following positive indicators were identified for Yount Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating very low executive overhead
- Generally stable financial operations with revenues often exceeding expenses in recent years
- Minimal liabilities reported across all filings, suggesting strong financial health and low debt
- Consistent filing of IRS Form 990s over a decade, demonstrating transparency and compliance
Frequently Asked Questions about Yount Foundation Inc
Is Yount Foundation Inc a legitimate charity?
Yount Foundation Inc (EIN: 205240159) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.5M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Yount Foundation Inc spend its money?
Yount Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Yount Foundation Inc tax-deductible?
Yount Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205240159). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Yount Foundation Inc CEO make?
Yount Foundation Inc's highest-compensated officer earns $1 annually. The organization reported $1.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Yount Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Yount Foundation Inc is above average for NTEE category B90 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Yount Foundation Inc located?
Yount Foundation Inc is headquartered in Hickory, North Carolina and files with the IRS under EIN 205240159. It is classified under NTEE code B90.
How many years of IRS 990 filings does Yount Foundation Inc have?
Yount Foundation Inc has 10 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 $1.5M in total revenue.
How does Yount Foundation Inc. manage to operate without reported officer compensation?
The filings consistently show 0% officer compensation, which could mean that executive leadership is entirely volunteer-based, or their compensation is categorized differently within the expense structure (e.g., as general salaries if they are not considered 'officers' for compensation reporting purposes). This practice generally indicates a very low administrative overhead for executive pay.
What caused the significant fluctuations in assets over the years?
The organization's assets have varied widely, from $717,240 in 2011 to $27,152 in 2014, and $138,345 in 2023. This could be due to various factors such as significant program expenditures, investment performance, or changes in endowment strategies. A deeper dive into the balance sheet details would be needed to understand the specific drivers.
Is the Yount Foundation Inc. financially sustainable given occasional deficits?
While there have been periods where expenses exceeded revenue (e.g., 2022 with a $69,741 deficit), the organization generally operates with a surplus or near break-even. The overall trend of revenue exceeding expenses in most recent years (e.g., $86,440 surplus in 2023) suggests a generally sustainable financial model, especially with minimal liabilities.
Filing History
IRS 990 filing history for Yount Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Yount Foundation Inc's revenue has grown by 89.2%, moving from $1.0M to $1.9M. Total assets decreased by 80.7% over the same period, from $717K to $138K. Total functional expenses rose by 326.3%, from $423K to $1.8M. In its most recent filing year (2023), Yount Foundation Inc reported a surplus of $86K, with revenue exceeding expenses. The organization holds $892 in liabilities against $138K in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $137K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $1.8M | $138K | $892 | — | — |
| 2022 | $2.0M | $2.1M | $59K | $1 | — | View 990 |
| 2021 | $1.8M | $1.9M | $129K | $1 | — | View 990 |
| 2020 | $1.2M | $1.1M | $197K | $1 | — | View 990 |
| 2019 | $1.4M | $1.3M | $120K | $1 | — | View 990 |
| 2015 | $903K | $853K | $77K | $1 | — | View 990 |
| 2014 | $220K | $648K | $27K | $0 | — | View 990 |
| 2013 | $725K | $370K | $455K | $0 | — | View 990 |
| 2012 | $0 | $618K | $100K | $0 | — | View 990 |
| 2011 | $1.0M | $423K | $717K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $1.8M, and assets of $138K (revenue -4.9% year-over-year).
- 2022: Revenue of $2.0M, expenses of $2.1M, and assets of $59K (revenue +10.3% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.9M, and assets of $129K (revenue +52.9% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.1M, and assets of $197K (revenue -14.2% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.3M, and assets of $120K (revenue +52.4% year-over-year).
- 2015: Revenue of $903K, expenses of $853K, and assets of $77K (revenue +310.2% year-over-year).
- 2014: Revenue of $220K, expenses of $648K, and assets of $27K (revenue -69.7% year-over-year).
- 2013: Revenue of $725K, expenses of $370K, and assets of $455K.
- 2012: Revenue of $0, expenses of $618K, and assets of $100K (revenue -100.0% year-over-year).
- 2011: Revenue of $1.0M, expenses of $423K, and assets of $717K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Yount Foundation Inc:
Data Sources and Methodology
This transparency report for Yount 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.