923 Folsom Acquisition Llc
EIN: 473523237 · New York, NY · NTEE: S47
| Metric | Value |
|---|---|
| Total Revenue | $5.1M |
| Total Expenses | $1.1M |
| Net Assets | $86.6M |
Is 923 Folsom Acquisition Llc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About 923 Folsom Acquisition Llc
923 Folsom Acquisition Llc (EIN: 473523237) is a nonprofit organization based in New York, NY, classified under NTEE code S47. The organization reported total revenue of $5.1M and total assets of $86.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 923 Folsom Acquisition Llc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
923 Folsom Acquisition Llc is a mid-size nonprofit that has been operating for 10 years, with 5 years of IRS 990 filings on record (2015–2019).
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.1M |
| Total Expenses | $1.1M |
| Surplus / Deficit | +$4.0M |
| Total Assets | $86.9M |
| Total Liabilities | $287K |
| Net Assets | $86.6M |
| Operating Margin | 77.7% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 911.1 months |
Financial Health Grade: A
In 2019, 923 Folsom Acquisition Llc reported a surplus of $4.0M with revenue exceeding expenses, holds 911.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | +4.6% | -47.3% | -0.5% |
| 2018 | +487.5% | +53.2% | +0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for 923 Folsom Acquisition Llc 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 923 Folsom Acquisition Llc 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 (2019)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Frequently Asked Questions about 923 Folsom Acquisition Llc
Is 923 Folsom Acquisition Llc a legitimate charity?
923 Folsom Acquisition Llc (EIN: 473523237) is a registered tax-exempt nonprofit based in New York. It has 5 years of IRS 990 filings on record. Total revenue: $5.1M. No red flags identified. Financial health grade: A.
How does 923 Folsom Acquisition Llc spend its money?
923 Folsom Acquisition Llc reported $5.1M in total revenue in IRS 990 filings. 5 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to 923 Folsom Acquisition Llc tax-deductible?
923 Folsom Acquisition Llc is registered as a tax-exempt nonprofit (EIN: 473523237). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is 923 Folsom Acquisition Llc located?
923 Folsom Acquisition Llc is headquartered in New York, New York and files with the IRS under EIN 473523237. It is classified under NTEE code S47.
How many years of IRS 990 filings does 923 Folsom Acquisition Llc have?
923 Folsom Acquisition Llc has 5 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 $5.1M in total revenue.
Filing History
IRS 990 filing history for 923 Folsom Acquisition Llc showing financial trends over 5 years of public records:
Total assets increased by 127% over the same period, from $38.3M to $86.9M. In its most recent filing year (2019), 923 Folsom Acquisition Llc reported a surplus of $4.0M, with revenue exceeding expenses. The organization holds $287K in liabilities against $86.9M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $86.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $5.1M | $1.1M | $86.9M | $287K | — | — |
| 2018 | $4.9M | $2.2M | $87.4M | $360K | — | View 990 |
| 2017 | $836K | $1.4M | $86.9M | $243K | — | — |
| 2016 | $0 | $850 | $70.3M | $0 | — | View 990 |
| 2015 | $0 | $0 | $38.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $5.1M, expenses of $1.1M, and assets of $86.9M (revenue +4.6% year-over-year).
- 2018: Revenue of $4.9M, expenses of $2.2M, and assets of $87.4M (revenue +487.5% year-over-year).
- 2017: Revenue of $836K, expenses of $1.4M, and assets of $86.9M.
- 2016: Revenue of $0, expenses of $850, and assets of $70.3M.
- 2015: Revenue of $0, expenses of $0, and assets of $38.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for 923 Folsom Acquisition Llc:
Data Sources and Methodology
This transparency report for 923 Folsom Acquisition Llc 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.