Charity Search / HAYWOOD ADVANCEMENT FOUNDATION INC
Community Improvement (S30Z) 990 on File

HAYWOOD ADVANCEMENT FOUNDATION INC

EIN: 56-1702956 · WAYNESVILLE, NC 28786-0311 · United States · FY 2024 Data
3 out of 5 43 / 100 Based on 2+ years of filings
Financial strength (30%) 64/100
Reliability (20%) 55/100
Effectiveness (25%) 51/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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CharityAI™ Score
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Financial Overview — FY 2024
$339K
Total Revenue
$237K
Total Expenses
$2.2M
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 98.7%
Fundraising Efficiency N/A
Operating Reserve 111.48x
Liability-to-Asset 0.0%
Revenue Diversification 78.8%
Compared with Peers
FY 2024
Compared with 4,285 similar organizations (United States, Community Improvement, $100K–$1M in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
98.7% 83.7%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
111.5 mo 11.3 mo
P10P90
Top quarter
Liabilities to assets
Total liabilities / total assets · lower is better
0.0% 3.1%
P10P90
Top quarter
Revenue concentration
Share of revenue from the largest source · lower is better
78.8% 92.2%
P10P90
Above median
Revenue growth
Year over year revenue growth
589.1% 7.1%
P10P90
Expense growth
Year over year expense growth
2254.2% 9.1%
P10P90
Surplus margin
Surplus as a share of revenue
30.0% 2.9%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $339K $237K $2.2M 98.7%
2023 $49K $10K $2.1M 77.7%
2022 $8K $24K $2.1M 42.8%
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Organization Details
EIN
56-1702956
State
NC
City
WAYNESVILLE
ZIP
28786-0311
Classification
S30Z
Category
Community Improvement
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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