2019 Wool Warehouse Inc
EIN: 842990966 · Boise, ID · NTEE: T21
| Metric | Value |
|---|---|
| Total Revenue | $68K |
| Total Expenses | $10K |
| Net Assets | $242K |
Is 2019 Wool Warehouse Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About 2019 Wool Warehouse Inc
2019 Wool Warehouse Inc (EIN: 842990966) is a nonprofit organization based in Boise, ID, classified under NTEE code T21. The organization reported total revenue of $68K and total assets of $242K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 2019 Wool Warehouse Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
2019 Wool Warehouse Inc is a micro nonprofit that has been operating for 5 years, with 2 years of IRS 990 filings on record (2019–2020). Revenue has grown at a compound annual rate of -98.1%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $5K |
| Total Expenses | $10K |
| Surplus / Deficit | $-4,782 |
| Total Assets | $242K |
| Total Liabilities | $1 |
| Net Assets | $242K |
| Operating Margin | -99.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 302.3 months |
Financial Health Grade: B
In 2020, 2019 Wool Warehouse Inc reported a deficit of $5K with expenses exceeding revenue, holds 302.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 2 years of filings (2019–2020), 2019 Wool Warehouse Inc's revenue has declined at a compound annual growth rate (CAGR) of -98.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -98.1% | +213.0% | -1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for 2019 Wool Warehouse 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 2019 Wool Warehouse 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about 2019 Wool Warehouse Inc
Is 2019 Wool Warehouse Inc a legitimate charity?
2019 Wool Warehouse Inc (EIN: 842990966) is a registered tax-exempt nonprofit based in Idaho. It has 2 years of IRS 990 filings on record. Total revenue: $68K. No red flags identified. Financial health grade: B.
How does 2019 Wool Warehouse Inc spend its money?
2019 Wool Warehouse Inc reported $68K in total revenue in IRS 990 filings. 2 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to 2019 Wool Warehouse Inc tax-deductible?
2019 Wool Warehouse Inc is registered as a tax-exempt nonprofit (EIN: 842990966). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is 2019 Wool Warehouse Inc located?
2019 Wool Warehouse Inc is headquartered in Boise, Idaho and files with the IRS under EIN 842990966. It is classified under NTEE code T21.
How many years of IRS 990 filings does 2019 Wool Warehouse Inc have?
2019 Wool Warehouse Inc has 2 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 $68K in total revenue.
Filing History
IRS 990 filing history for 2019 Wool Warehouse Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2019–2020), 2019 Wool Warehouse Inc's revenue has declined by 98.1%, moving from $250K to $5K. Total assets decreased by 1.9% over the same period, from $247K to $242K. Total functional expenses rose by 213%, from $3K to $10K. In its most recent filing year (2020), 2019 Wool Warehouse Inc reported a deficit of $5K, with expenses exceeding revenue. The organization holds $1 in liabilities against $242K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $242K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $5K | $10K | $242K | $1 | — | — |
| 2019 | $250K | $3K | $247K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for 2019 Wool Warehouse Inc:
Data Sources and Methodology
This transparency report for 2019 Wool Warehouse 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.