African Soul American Heart
EIN: 262221116 · Fargo, ND · NTEE: P80
| Metric | Value |
|---|---|
| Total Revenue | $18K |
| Total Expenses | $116K |
| Net Assets | $66K |
Is African Soul American Heart Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About African Soul American Heart
African Soul American Heart (EIN: 262221116) is a nonprofit organization based in Fargo, ND, classified under NTEE code P80. The organization reported total revenue of $18K and total assets of $26K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of African Soul American Heart's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
African Soul American Heart is a micro nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -12.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $42K |
| Total Expenses | $116K |
| Surplus / Deficit | $-74,327 |
| Total Assets | $66K |
| Total Liabilities | $210 |
| Net Assets | $66K |
| Operating Margin | -178.8% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 6.8 months |
Financial Health Grade: B
In 2023, African Soul American Heart reported a deficit of $74K with expenses exceeding revenue, holds 6.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), African Soul American Heart's revenue has declined at a compound annual growth rate (CAGR) of -12.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -67.7% | -33.6% | -53.1% |
| 2022 | -48.0% | -13.8% | -24.4% |
| 2021 | -25.8% | +10.8% | +32.1% |
| 2020 | +30.8% | -46.1% | +489.9% |
| 2019 | -10.9% | +10.8% | -68.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for African Soul American Heart 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 African Soul American Heart 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 $74K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.3%.
Frequently Asked Questions about African Soul American Heart
Is African Soul American Heart a legitimate charity?
African Soul American Heart (EIN: 262221116) is a registered tax-exempt nonprofit based in North Dakota. It has 13 years of IRS 990 filings on record. Total revenue: $18K. No red flags identified. Financial health grade: B.
How does African Soul American Heart spend its money?
African Soul American Heart reported $18K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to African Soul American Heart tax-deductible?
African Soul American Heart is registered as a tax-exempt nonprofit (EIN: 262221116). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is African Soul American Heart located?
African Soul American Heart is headquartered in Fargo, North Dakota and files with the IRS under EIN 262221116. It is classified under NTEE code P80.
How many years of IRS 990 filings does African Soul American Heart have?
African Soul American Heart has 13 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 $18K in total revenue.
Filing History
IRS 990 filing history for African Soul American Heart showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), African Soul American Heart's revenue has declined by 80.9%, moving from $217K to $42K. Total assets decreased by 52.6% over the same period, from $139K to $66K. Total functional expenses fell by 7.9%, from $126K to $116K. In its most recent filing year (2023), African Soul American Heart reported a deficit of $74K, with expenses exceeding revenue. The organization holds $210 in liabilities against $66K in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $66K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $42K | $116K | $66K | $210 | — | — |
| 2022 | $129K | $175K | $141K | $548 | — | — |
| 2021 | $248K | $202K | $186K | $334 | — | View 990 |
| 2020 | $334K | $183K | $141K | $500 | — | — |
| 2019 | $255K | $339K | $24K | $35K | — | View 990 |
| 2018 | $286K | $306K | $76K | $3K | — | View 990 |
| 2017 | $328K | $310K | $96K | $3K | — | View 990 |
| 2016 | $287K | $302K | $78K | $4K | — | View 990 |
| 2015 | $292K | $238K | $105K | $16K | — | View 990 |
| 2014 | $142K | $223K | $39K | $4K | — | View 990 |
| 2013 | $409K | $395K | $156K | $40K | — | View 990 |
| 2012 | $234K | $242K | $141K | $37K | — | View 990 |
| 2011 | $217K | $126K | $139K | $28K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $42K, expenses of $116K, and assets of $66K (revenue -67.7% year-over-year).
- 2022: Revenue of $129K, expenses of $175K, and assets of $141K (revenue -48.0% year-over-year).
- 2021: Revenue of $248K, expenses of $202K, and assets of $186K (revenue -25.8% year-over-year).
- 2020: Revenue of $334K, expenses of $183K, and assets of $141K (revenue +30.8% year-over-year).
- 2019: Revenue of $255K, expenses of $339K, and assets of $24K (revenue -10.9% year-over-year).
- 2018: Revenue of $286K, expenses of $306K, and assets of $76K (revenue -12.7% year-over-year).
- 2017: Revenue of $328K, expenses of $310K, and assets of $96K (revenue +14.3% year-over-year).
- 2016: Revenue of $287K, expenses of $302K, and assets of $78K (revenue -1.5% year-over-year).
- 2015: Revenue of $292K, expenses of $238K, and assets of $105K (revenue +106.0% year-over-year).
- 2014: Revenue of $142K, expenses of $223K, and assets of $39K (revenue -65.3% year-over-year).
- 2013: Revenue of $409K, expenses of $395K, and assets of $156K (revenue +74.4% year-over-year).
- 2012: Revenue of $234K, expenses of $242K, and assets of $141K (revenue +7.7% year-over-year).
- 2011: Revenue of $217K, expenses of $126K, and assets of $139K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for African Soul American Heart:
Data Sources and Methodology
This transparency report for African Soul American Heart 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.