516 Now Inc
EIN: 454690197 · Spartanburg, SC · NTEE: Q30
| Metric | Value |
|---|---|
| Total Revenue | $156K |
| Total Expenses | $134K |
| Net Assets | $42K |
Is 516 Now Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About 516 Now Inc
516 Now Inc (EIN: 454690197) is a nonprofit organization based in Spartanburg, SC, classified under NTEE code Q30. The organization reported total revenue of $156K and total assets of $34K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 516 Now Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
516 Now Inc is a small nonprofit that has been operating for 14 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 54.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $134K |
| Total Expenses | $134K |
| Surplus / Deficit | $-240 |
| Total Assets | $42K |
| Net Assets | $42K |
| Operating Margin | -0.2% |
| Months of Reserves | 3.8 months |
Financial Health Grade: B
In 2023, 516 Now Inc reported a deficit of $240 with expenses exceeding revenue, holds 3.8 months of operating reserves (adequate).
Financial Trends
Over 12 years of filings (2012–2023), 516 Now Inc's revenue has grown at a compound annual growth rate (CAGR) of 54.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.5% | -16.0% | -0.6% |
| 2022 | +19.9% | +26.7% | -10.3% |
| 2021 | +6.5% | +5.5% | +6.7% |
| 2020 | +10.9% | +19.8% | +3.8% |
| 2019 | +7.2% | -16.7% | +28.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for 516 Now 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 516 Now 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 $240, with expenses exceeding revenue.
Frequently Asked Questions about 516 Now Inc
Is 516 Now Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, 516 Now Inc (EIN: 454690197) insufficient data. 0 red flags identified, 0 strengths noted.
How does 516 Now Inc spend its money?
Detailed spending breakdown data is not yet available for 516 Now Inc. Check back for updated IRS 990 analysis.
Are donations to 516 Now Inc tax-deductible?
516 Now Inc is registered as a tax-exempt nonprofit (EIN: 454690197). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is 516 Now Inc located?
516 Now Inc is headquartered in Spartanburg, South Carolina and files with the IRS under EIN 454690197. It is classified under NTEE code Q30.
How many years of IRS 990 filings does 516 Now Inc have?
516 Now Inc has 12 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 $156K in total revenue.
Filing History
IRS 990 filing history for 516 Now Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), 516 Now Inc's revenue has grown by 11885%, moving from $1K to $134K. Total assets increased by 3683.9% over the same period, from $1K to $42K. In its most recent filing year (2023), 516 Now Inc reported a deficit of $240, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $134K | $134K | $42K | $0 | — | View 990 |
| 2022 | $155K | $160K | $43K | $0 | — | View 990 |
| 2021 | $129K | $126K | $48K | $0 | — | View 990 |
| 2020 | $122K | $120K | $45K | $0 | — | View 990 |
| 2019 | $110K | $100K | $43K | $0 | — | View 990 |
| 2018 | $102K | $120K | $33K | $0 | — | View 990 |
| 2017 | $79K | $123K | $51K | $0 | — | — |
| 2016 | $266K | $180K | $95K | $0 | — | View 990 |
| 2015 | $74K | $66K | $10K | $0 | — | View 990 |
| 2014 | $8K | $9K | $1K | $0 | — | View 990 |
| 2013 | $3K | $2K | $2K | $0 | — | View 990 |
| 2012 | $1K | $0 | $1K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $134K, expenses of $134K, and assets of $42K (revenue -13.5% year-over-year).
- 2022: Revenue of $155K, expenses of $160K, and assets of $43K (revenue +19.9% year-over-year).
- 2021: Revenue of $129K, expenses of $126K, and assets of $48K (revenue +6.5% year-over-year).
- 2020: Revenue of $122K, expenses of $120K, and assets of $45K (revenue +10.9% year-over-year).
- 2019: Revenue of $110K, expenses of $100K, and assets of $43K (revenue +7.2% year-over-year).
- 2018: Revenue of $102K, expenses of $120K, and assets of $33K (revenue +29.6% year-over-year).
- 2017: Revenue of $79K, expenses of $123K, and assets of $51K (revenue -70.3% year-over-year).
- 2016: Revenue of $266K, expenses of $180K, and assets of $95K (revenue +256.9% year-over-year).
- 2015: Revenue of $74K, expenses of $66K, and assets of $10K (revenue +809.9% year-over-year).
- 2014: Revenue of $8K, expenses of $9K, and assets of $1K (revenue +179.6% year-over-year).
- 2013: Revenue of $3K, expenses of $2K, and assets of $2K (revenue +161.2% year-over-year).
- 2012: Revenue of $1K, expenses of $0, and assets of $1K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for 516 Now Inc:
Data Sources and Methodology
This transparency report for 516 Now 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.