240 Strings
EIN: 812603612 · Portland, ME · NTEE: A25
| Metric | Value |
|---|---|
| Total Revenue | $102K |
| Total Expenses | $74K |
| Net Assets | $31K |
Is 240 Strings Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About 240 Strings
240 Strings (EIN: 812603612) is a nonprofit organization based in Portland, ME, classified under NTEE code A25. The organization reported total revenue of $102K and total assets of $41K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 240 Strings's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
240 Strings is a small nonprofit that has been operating for 10 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -8.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $69K |
| Total Expenses | $74K |
| Surplus / Deficit | $-4,866 |
| Total Assets | $31K |
| Net Assets | $31K |
| Operating Margin | -7.0% |
| Months of Reserves | 5.0 months |
Financial Health Grade: B
In 2023, 240 Strings reported a deficit of $5K with expenses exceeding revenue, holds 5.0 months of operating reserves (adequate).
Financial Trends
Over 2 years of filings (2022–2023), 240 Strings's revenue has declined at a compound annual growth rate (CAGR) of -8.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.0% | +11.6% | -13.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for 240 Strings 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 240 Strings 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 $5K, with expenses exceeding revenue.
Frequently Asked Questions about 240 Strings
Is 240 Strings a legitimate charity?
Based on AI analysis of IRS 990 filings, 240 Strings (EIN: 812603612) insufficient data. 0 red flags identified, 0 strengths noted.
How does 240 Strings spend its money?
Detailed spending breakdown data is not yet available for 240 Strings. Check back for updated IRS 990 analysis.
Are donations to 240 Strings tax-deductible?
240 Strings is registered as a tax-exempt nonprofit (EIN: 812603612). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is 240 Strings located?
240 Strings is headquartered in Portland, Maine and files with the IRS under EIN 812603612. It is classified under NTEE code A25.
How many years of IRS 990 filings does 240 Strings have?
240 Strings 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 $102K in total revenue.
Filing History
IRS 990 filing history for 240 Strings showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), 240 Strings's revenue has declined by 8%, moving from $75K to $69K. Total assets decreased by 13.7% over the same period, from $35K to $31K. Total functional expenses rose by 11.6%, from $66K to $74K. In its most recent filing year (2023), 240 Strings reported a deficit of $5K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $69K | $74K | $31K | $0 | — | View 990 |
| 2022 | $75K | $66K | $35K | $0 | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for 240 Strings:
Data Sources and Methodology
This transparency report for 240 Strings 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.