1212 Corporation
EIN: 516020500 · Wilmington, DE · NTEE: F50
| Metric | Value |
|---|---|
| Total Revenue | $140K |
| Total Expenses | $141K |
| Net Assets | $279K |
Is 1212 Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About 1212 Corporation
1212 Corporation (EIN: 516020500) is a nonprofit organization based in Wilmington, DE, classified under NTEE code F50. The organization reported total revenue of $140K and total assets of $285K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 1212 Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
1212 Corporation is a small nonprofit that has been operating for 11 years, with 4 years of IRS 990 filings on record (2011–2016). Revenue has grown at a compound annual rate of 2.3%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $130K |
| Total Expenses | $141K |
| Surplus / Deficit | $-11,042 |
| Total Assets | $285K |
| Total Liabilities | $6K |
| Net Assets | $279K |
| Operating Margin | -8.5% |
| Debt-to-Asset Ratio | 2.2% |
| Months of Reserves | 24.3 months |
Financial Health Grade: B
In 2016, 1212 Corporation reported a deficit of $11K with expenses exceeding revenue, holds 24.3 months of operating reserves (strong position), has a debt-to-asset ratio of 2.2% (very low leverage).
Financial Trends
Over 4 years of filings (2011–2016), 1212 Corporation's revenue has grown at a compound annual growth rate (CAGR) of 2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | +0.0% | +0.0% | +0.0% |
| 2014 | +88.7% | +20.0% | -3.1% |
| 2012 | -40.7% | -18.9% | -6.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for 1212 Corporation 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 1212 Corporation 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 (2016)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $11K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.2%.
Frequently Asked Questions about 1212 Corporation
Is 1212 Corporation a legitimate charity?
1212 Corporation (EIN: 516020500) is a registered tax-exempt nonprofit based in Delaware. It has 4 years of IRS 990 filings on record. Total revenue: $140K. No red flags identified. Financial health grade: B.
How does 1212 Corporation spend its money?
1212 Corporation reported $140K in total revenue in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to 1212 Corporation tax-deductible?
1212 Corporation is registered as a tax-exempt nonprofit (EIN: 516020500). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is 1212 Corporation located?
1212 Corporation is headquartered in Wilmington, Delaware and files with the IRS under EIN 516020500. It is classified under NTEE code F50.
How many years of IRS 990 filings does 1212 Corporation have?
1212 Corporation has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $140K in total revenue.
Filing History
IRS 990 filing history for 1212 Corporation showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2011–2016), 1212 Corporation's revenue has grown by 11.9%, moving from $116K to $130K. Total assets decreased by 9.7% over the same period, from $316K to $285K. Total functional expenses fell by 2.7%, from $145K to $141K. In its most recent filing year (2016), 1212 Corporation reported a deficit of $11K, with expenses exceeding revenue. The organization holds $6K in liabilities against $285K in assets (debt-to-asset ratio: 2.2%), resulting in net assets of $279K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $130K | $141K | $285K | $6K | — | — |
| 2014 | $130K | $141K | $285K | $6K | — | View 990 |
| 2012 | $69K | $117K | $294K | $5K | — | View 990 |
| 2011 | $116K | $145K | $316K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $130K, expenses of $141K, and assets of $285K (revenue +0.0% year-over-year).
- 2014: Revenue of $130K, expenses of $141K, and assets of $285K (revenue +88.7% year-over-year).
- 2012: Revenue of $69K, expenses of $117K, and assets of $294K (revenue -40.7% year-over-year).
- 2011: Revenue of $116K, expenses of $145K, and assets of $316K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for 1212 Corporation:
Data Sources and Methodology
This transparency report for 1212 Corporation 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.