48 In48 Inc
EIN: 474617193 · Atlanta, GA · NTEE: U19
| Metric | Value |
|---|---|
| Total Revenue | $310K |
| Total Expenses | $326K |
| Net Assets | $131K |
Is 48 In48 Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About 48 In48 Inc
48 In48 Inc (EIN: 474617193) is a nonprofit organization based in Atlanta, GA, classified under NTEE code U19. The organization reported total revenue of $310K and total assets of $157K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 48 In48 Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
48 In48 Inc is a small nonprofit that has been operating for 7 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 23.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $322K |
| Total Expenses | $326K |
| Surplus / Deficit | $-3,691 |
| Total Assets | $144K |
| Total Liabilities | $12K |
| Net Assets | $131K |
| Operating Margin | -1.1% |
| Debt-to-Asset Ratio | 8.5% |
| Months of Reserves | 5.3 months |
Financial Health Grade: B
In 2023, 48 In48 Inc reported a deficit of $4K with expenses exceeding revenue, holds 5.3 months of operating reserves (adequate), has a debt-to-asset ratio of 8.5% (very low leverage).
Financial Trends
Over 9 years of filings (2015–2023), 48 In48 Inc's revenue has grown at a compound annual growth rate (CAGR) of 23.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +29.9% | +6.7% | -2.3% |
| 2022 | +14.6% | -2.9% | -25.6% |
| 2021 | -33.0% | +87.0% | -32.8% |
| 2020 | -43.3% | -66.1% | +104.3% |
| 2019 | +22.2% | +4.5% | +181.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for 48 In48 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 48 In48 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.5%.
Frequently Asked Questions about 48 In48 Inc
Is 48 In48 Inc a legitimate charity?
48 In48 Inc (EIN: 474617193) is a registered tax-exempt nonprofit based in Georgia. It has 9 years of IRS 990 filings on record. Total revenue: $310K. No red flags identified. Financial health grade: B.
How does 48 In48 Inc spend its money?
48 In48 Inc reported $310K in total revenue in IRS 990 filings. 9 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to 48 In48 Inc tax-deductible?
48 In48 Inc is registered as a tax-exempt nonprofit (EIN: 474617193). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is 48 In48 Inc located?
48 In48 Inc is headquartered in Atlanta, Georgia and files with the IRS under EIN 474617193. It is classified under NTEE code U19.
How many years of IRS 990 filings does 48 In48 Inc have?
48 In48 Inc has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $310K in total revenue.
Filing History
IRS 990 filing history for 48 In48 Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), 48 In48 Inc's revenue has grown by 454.7%, moving from $58K to $322K. Total assets increased by 273.6% over the same period, from $38K to $144K. Total functional expenses rose by 1561.9%, from $20K to $326K. In its most recent filing year (2023), 48 In48 Inc reported a deficit of $4K, with expenses exceeding revenue. The organization holds $12K in liabilities against $144K in assets (debt-to-asset ratio: 8.5%), resulting in net assets of $131K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $322K | $326K | $144K | $12K | — | View 990 |
| 2022 | $248K | $305K | $147K | $12K | — | View 990 |
| 2021 | $216K | $314K | $198K | $4K | — | View 990 |
| 2020 | $323K | $168K | $294K | $3K | — | — |
| 2019 | $569K | $496K | $144K | $7K | — | View 990 |
| 2018 | $466K | $475K | $51K | $623 | — | View 990 |
| 2017 | $278K | $260K | $59K | $0 | — | View 990 |
| 2016 | $108K | $106K | $41K | $0 | — | — |
| 2015 | $58K | $20K | $38K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $322K, expenses of $326K, and assets of $144K (revenue +29.9% year-over-year).
- 2022: Revenue of $248K, expenses of $305K, and assets of $147K (revenue +14.6% year-over-year).
- 2021: Revenue of $216K, expenses of $314K, and assets of $198K (revenue -33.0% year-over-year).
- 2020: Revenue of $323K, expenses of $168K, and assets of $294K (revenue -43.3% year-over-year).
- 2019: Revenue of $569K, expenses of $496K, and assets of $144K (revenue +22.2% year-over-year).
- 2018: Revenue of $466K, expenses of $475K, and assets of $51K (revenue +67.6% year-over-year).
- 2017: Revenue of $278K, expenses of $260K, and assets of $59K (revenue +157.0% year-over-year).
- 2016: Revenue of $108K, expenses of $106K, and assets of $41K (revenue +86.4% year-over-year).
- 2015: Revenue of $58K, expenses of $20K, and assets of $38K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for 48 In48 Inc:
Data Sources and Methodology
This transparency report for 48 In48 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.