42 Strong
EIN: 874038241 · Oxford, MI · NTEE: O50
| Metric | Value |
|---|---|
| Total Revenue | $381K |
| Total Expenses | $194K |
| Net Assets | $381K |
Is 42 Strong Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About 42 Strong
42 Strong (EIN: 874038241) is a nonprofit organization based in Oxford, MI, classified under NTEE code O50. The organization reported total revenue of $381K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 42 Strong's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
42 Strong is a small nonprofit that has been operating for 4 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -31.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $258K |
| Total Expenses | $194K |
| Surplus / Deficit | +$64K |
| Total Assets | $392K |
| Total Liabilities | $11K |
| Net Assets | $381K |
| Operating Margin | 24.9% |
| Debt-to-Asset Ratio | 2.8% |
| Months of Reserves | 24.3 months |
Financial Health Grade: A
In 2023, 42 Strong reported a surplus of $64K with revenue exceeding expenses, holds 24.3 months of operating reserves (strong position), has a debt-to-asset ratio of 2.8% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), 42 Strong's revenue has declined at a compound annual growth rate (CAGR) of -31.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -31.3% | +139.4% | +17.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for 42 Strong 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 42 Strong 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 surplus of $64K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.8%.
Frequently Asked Questions about 42 Strong
Is 42 Strong a legitimate charity?
Based on AI analysis of IRS 990 filings, 42 Strong (EIN: 874038241) insufficient data. 0 red flags identified, 0 strengths noted.
How does 42 Strong spend its money?
Detailed spending breakdown data is not yet available for 42 Strong. Check back for updated IRS 990 analysis.
Are donations to 42 Strong tax-deductible?
42 Strong is registered as a tax-exempt nonprofit (EIN: 874038241). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is 42 Strong located?
42 Strong is headquartered in Oxford, Michigan and files with the IRS under EIN 874038241. It is classified under NTEE code O50.
How many years of IRS 990 filings does 42 Strong have?
42 Strong 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 $381K in total revenue.
Filing History
IRS 990 filing history for 42 Strong showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), 42 Strong's revenue has declined by 31.3%, moving from $376K to $258K. Total assets increased by 17.6% over the same period, from $333K to $392K. Total functional expenses rose by 139.4%, from $81K to $194K. In its most recent filing year (2023), 42 Strong reported a surplus of $64K, with revenue exceeding expenses. The organization holds $11K in liabilities against $392K in assets (debt-to-asset ratio: 2.8%), resulting in net assets of $381K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $258K | $194K | $392K | $11K | — | View 990 |
| 2022 | $376K | $81K | $333K | $17K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for 42 Strong:
Data Sources and Methodology
This transparency report for 42 Strong 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.