Above The Clouds
EIN: 392033029 · Milwaukee, WI · NTEE: A25
| Metric | Value |
|---|---|
| Total Revenue | $429K |
| Total Expenses | $427K |
| Net Assets | $128K |
Is Above The Clouds Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Above The Clouds
Above The Clouds (EIN: 392033029) is a nonprofit organization based in Milwaukee, WI, classified under NTEE code A25. The organization reported total revenue of $429K and total assets of $243K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Above The Clouds's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Above The Clouds is a small nonprofit that has been operating for 24 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 14.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $407K |
| Total Expenses | $427K |
| Surplus / Deficit | $-20,039 |
| Total Assets | $200K |
| Total Liabilities | $72K |
| Net Assets | $128K |
| Operating Margin | -4.9% |
| Debt-to-Asset Ratio | 36.1% |
| Months of Reserves | 5.6 months |
Financial Health Grade: B
In 2023, Above The Clouds reported a deficit of $20K with expenses exceeding revenue, holds 5.6 months of operating reserves (adequate), has a debt-to-asset ratio of 36.1% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Above The Clouds's revenue has grown at a compound annual growth rate (CAGR) of 14.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.4% | -4.4% | -52.9% |
| 2022 | -43.7% | +22.2% | +30.0% |
| 2021 | +275.4% | +60.5% | +267.3% |
| 2020 | -36.9% | -12.0% | +30.1% |
| 2019 | +69.6% | +63.0% | +45.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Above The Clouds 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 Above The Clouds 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 $20K, with expenses exceeding revenue.
- Debt-to-asset ratio: 36.1%.
Frequently Asked Questions about Above The Clouds
Is Above The Clouds a legitimate charity?
Based on AI analysis of IRS 990 filings, Above The Clouds (EIN: 392033029) insufficient data. 0 red flags identified, 0 strengths noted.
How does Above The Clouds spend its money?
Detailed spending breakdown data is not yet available for Above The Clouds. Check back for updated IRS 990 analysis.
Are donations to Above The Clouds tax-deductible?
Above The Clouds is registered as a tax-exempt nonprofit (EIN: 392033029). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Above The Clouds located?
Above The Clouds is headquartered in Milwaukee, Wisconsin and files with the IRS under EIN 392033029. It is classified under NTEE code A25.
How many years of IRS 990 filings does Above The Clouds have?
Above The Clouds 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 $429K in total revenue.
Filing History
IRS 990 filing history for Above The Clouds showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Above The Clouds's revenue has grown by 325.1%, moving from $96K to $407K. Total assets increased by 973.3% over the same period, from $19K to $200K. Total functional expenses rose by 391.3%, from $87K to $427K. In its most recent filing year (2023), Above The Clouds reported a deficit of $20K, with expenses exceeding revenue. The organization holds $72K in liabilities against $200K in assets (debt-to-asset ratio: 36.1%), resulting in net assets of $128K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $407K | $427K | $200K | $72K | — | View 990 |
| 2022 | $365K | $447K | $424K | $276K | — | — |
| 2021 | $649K | $366K | $326K | $38K | — | View 990 |
| 2020 | $173K | $228K | $89K | $85K | — | View 990 |
| 2019 | $274K | $259K | $68K | $10K | — | View 990 |
| 2018 | $162K | $159K | $47K | $4K | — | View 990 |
| 2017 | $139K | $133K | $50K | $10K | — | View 990 |
| 2016 | $182K | $146K | $47K | $13K | — | View 990 |
| 2015 | $95K | $112K | $5K | $7K | — | View 990 |
| 2014 | $60K | $96K | $3K | $3K | — | View 990 |
| 2013 | $117K | $100K | $36K | $0 | — | View 990 |
| 2012 | $96K | $87K | $19K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $407K, expenses of $427K, and assets of $200K (revenue +11.4% year-over-year).
- 2022: Revenue of $365K, expenses of $447K, and assets of $424K (revenue -43.7% year-over-year).
- 2021: Revenue of $649K, expenses of $366K, and assets of $326K (revenue +275.4% year-over-year).
- 2020: Revenue of $173K, expenses of $228K, and assets of $89K (revenue -36.9% year-over-year).
- 2019: Revenue of $274K, expenses of $259K, and assets of $68K (revenue +69.6% year-over-year).
- 2018: Revenue of $162K, expenses of $159K, and assets of $47K (revenue +16.4% year-over-year).
- 2017: Revenue of $139K, expenses of $133K, and assets of $50K (revenue -23.8% year-over-year).
- 2016: Revenue of $182K, expenses of $146K, and assets of $47K (revenue +91.8% year-over-year).
- 2015: Revenue of $95K, expenses of $112K, and assets of $5K (revenue +58.0% year-over-year).
- 2014: Revenue of $60K, expenses of $96K, and assets of $3K (revenue -48.8% year-over-year).
- 2013: Revenue of $117K, expenses of $100K, and assets of $36K (revenue +22.5% year-over-year).
- 2012: Revenue of $96K, expenses of $87K, and assets of $19K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Above The Clouds:
Data Sources and Methodology
This transparency report for Above The Clouds 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.