African Soup Inc
EIN: 454589195 · Atlanta, GA · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $586K |
| Total Expenses | $515K |
| Net Assets | $942K |
Is African Soup Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About African Soup Inc
African Soup Inc (EIN: 454589195) is a nonprofit organization based in Atlanta, GA, classified under NTEE code P20. The organization reported total revenue of $586K and total assets of $740K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of African Soup Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
African Soup Inc is a small nonprofit that has been operating for 13 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 26.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $843K |
| Total Expenses | $515K |
| Surplus / Deficit | +$327K |
| Total Assets | $967K |
| Total Liabilities | $25K |
| Net Assets | $942K |
| Operating Margin | 38.9% |
| Debt-to-Asset Ratio | 2.6% |
| Months of Reserves | 22.5 months |
Financial Health Grade: A
In 2023, African Soup Inc reported a surplus of $327K with revenue exceeding expenses, holds 22.5 months of operating reserves (strong position), has a debt-to-asset ratio of 2.6% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), African Soup Inc's revenue has grown at a compound annual growth rate (CAGR) of 26.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.0% | +42.4% | +56.7% |
| 2022 | +156.2% | +8.3% | +305.0% |
| 2021 | -15.0% | +17.8% | -12.0% |
| 2020 | +35.1% | +17.9% | +111.4% |
| 2019 | +3.0% | -4.7% | +151.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for African Soup 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 African Soup 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 surplus of $327K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.6%.
Frequently Asked Questions about African Soup Inc
Is African Soup Inc a legitimate charity?
African Soup Inc (EIN: 454589195) is a registered tax-exempt nonprofit based in Georgia. It has 12 years of IRS 990 filings on record. Total revenue: $586K. No red flags identified. Financial health grade: A.
How does African Soup Inc spend its money?
African Soup Inc reported $586K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to African Soup Inc tax-deductible?
African Soup Inc is registered as a tax-exempt nonprofit (EIN: 454589195). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is African Soup Inc located?
African Soup Inc is headquartered in Atlanta, Georgia and files with the IRS under EIN 454589195. It is classified under NTEE code P20.
How many years of IRS 990 filings does African Soup Inc have?
African Soup 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 $586K in total revenue.
Filing History
IRS 990 filing history for African Soup Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), African Soup Inc's revenue has grown by 1196.9%, moving from $65K to $843K. Total assets increased by 1895% over the same period, from $48K to $967K. Total functional expenses rose by 3024%, from $16K to $515K. In its most recent filing year (2023), African Soup Inc reported a surplus of $327K, with revenue exceeding expenses. The organization holds $25K in liabilities against $967K in assets (debt-to-asset ratio: 2.6%), resulting in net assets of $942K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $843K | $515K | $967K | $25K | — | — |
| 2022 | $826K | $362K | $617K | $2K | — | View 990 |
| 2021 | $322K | $334K | $152K | $2K | — | View 990 |
| 2020 | $379K | $284K | $173K | $11K | — | — |
| 2019 | $281K | $240K | $82K | $16K | — | View 990 |
| 2018 | $273K | $252K | $33K | $6K | — | View 990 |
| 2017 | $203K | $248K | $6K | $371 | — | View 990 |
| 2016 | $187K | $176K | $51K | $0 | — | View 990 |
| 2015 | $164K | $147K | $39K | $0 | — | View 990 |
| 2014 | $87K | $114K | $23K | $0 | — | View 990 |
| 2013 | $71K | $69K | $50K | $0 | — | View 990 |
| 2012 | $65K | $16K | $48K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $843K, expenses of $515K, and assets of $967K (revenue +2.0% year-over-year).
- 2022: Revenue of $826K, expenses of $362K, and assets of $617K (revenue +156.2% year-over-year).
- 2021: Revenue of $322K, expenses of $334K, and assets of $152K (revenue -15.0% year-over-year).
- 2020: Revenue of $379K, expenses of $284K, and assets of $173K (revenue +35.1% year-over-year).
- 2019: Revenue of $281K, expenses of $240K, and assets of $82K (revenue +3.0% year-over-year).
- 2018: Revenue of $273K, expenses of $252K, and assets of $33K (revenue +34.0% year-over-year).
- 2017: Revenue of $203K, expenses of $248K, and assets of $6K (revenue +8.6% year-over-year).
- 2016: Revenue of $187K, expenses of $176K, and assets of $51K (revenue +14.2% year-over-year).
- 2015: Revenue of $164K, expenses of $147K, and assets of $39K (revenue +89.1% year-over-year).
- 2014: Revenue of $87K, expenses of $114K, and assets of $23K (revenue +22.3% year-over-year).
- 2013: Revenue of $71K, expenses of $69K, and assets of $50K (revenue +9.3% year-over-year).
- 2012: Revenue of $65K, expenses of $16K, and assets of $48K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for African Soup Inc:
Data Sources and Methodology
This transparency report for African Soup 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.