American Sweet Potato Marketing Institute Inc
EIN: 462425262 · Benson, NC · NTEE: K99
| Metric | Value |
|---|---|
| Total Revenue | $495K |
| Total Expenses | $506K |
| Net Assets | $16K |
Is American Sweet Potato Marketing Institute Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About American Sweet Potato Marketing Institute Inc
American Sweet Potato Marketing Institute Inc (EIN: 462425262) is a nonprofit organization based in Benson, NC, classified under NTEE code K99. The organization reported total revenue of $495K and total assets of $103K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of American Sweet Potato Marketing Institute Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
American Sweet Potato Marketing Institute Inc is a small nonprofit that has been operating for 12 years, with 10 years of IRS 990 filings on record (2013–2022). Revenue has grown at a compound annual rate of 25.7%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $400K |
| Total Expenses | $506K |
| Surplus / Deficit | $-105,604 |
| Total Assets | $162K |
| Total Liabilities | $147K |
| Net Assets | $16K |
| Operating Margin | -26.4% |
| Debt-to-Asset Ratio | 90.4% |
| Months of Reserves | 3.9 months |
Financial Health Grade: C
In 2022, American Sweet Potato Marketing Institute Inc reported a deficit of $106K with expenses exceeding revenue, holds 3.9 months of operating reserves (adequate), has a debt-to-asset ratio of 90.4% (high leverage).
Financial Trends
Over 10 years of filings (2013–2022), American Sweet Potato Marketing Institute Inc's revenue has grown at a compound annual growth rate (CAGR) of 25.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +11.5% | +27.0% | -2.3% |
| 2021 | -5.4% | -1.9% | -4.2% |
| 2020 | +36.1% | +50.2% | -11.8% |
| 2019 | -39.1% | -31.9% | +5.7% |
| 2018 | +67.0% | +32.4% | +21.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for American Sweet Potato Marketing Institute 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 American Sweet Potato Marketing Institute 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $106K, with expenses exceeding revenue.
- Debt-to-asset ratio: 90.4%.
Frequently Asked Questions about American Sweet Potato Marketing Institute Inc
Is American Sweet Potato Marketing Institute Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, American Sweet Potato Marketing Institute Inc (EIN: 462425262) insufficient data. 0 red flags identified, 0 strengths noted.
How does American Sweet Potato Marketing Institute Inc spend its money?
Detailed spending breakdown data is not yet available for American Sweet Potato Marketing Institute Inc. Check back for updated IRS 990 analysis.
Are donations to American Sweet Potato Marketing Institute Inc tax-deductible?
American Sweet Potato Marketing Institute Inc is registered as a tax-exempt nonprofit (EIN: 462425262). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is American Sweet Potato Marketing Institute Inc located?
American Sweet Potato Marketing Institute Inc is headquartered in Benson, North Carolina and files with the IRS under EIN 462425262. It is classified under NTEE code K99.
How many years of IRS 990 filings does American Sweet Potato Marketing Institute Inc have?
American Sweet Potato Marketing Institute Inc has 10 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 $495K in total revenue.
Filing History
IRS 990 filing history for American Sweet Potato Marketing Institute Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2013–2022), American Sweet Potato Marketing Institute Inc's revenue has grown by 684.5%, moving from $51K to $400K. Total assets increased by 273.3% over the same period, from $43K to $162K. Total functional expenses rose by 5773.8%, from $9K to $506K. In its most recent filing year (2022), American Sweet Potato Marketing Institute Inc reported a deficit of $106K, with expenses exceeding revenue. The organization holds $147K in liabilities against $162K in assets (debt-to-asset ratio: 90.4%), resulting in net assets of $16K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $400K | $506K | $162K | $147K | — | View 990 |
| 2021 | $359K | $398K | $166K | $45K | — | View 990 |
| 2020 | $379K | $406K | $173K | $13K | — | View 990 |
| 2019 | $279K | $270K | $197K | $10K | — | — |
| 2018 | $458K | $397K | $186K | $8K | — | View 990 |
| 2017 | $274K | $300K | $153K | $23K | — | View 990 |
| 2016 | $438K | $383K | $204K | $48K | — | View 990 |
| 2015 | $251K | $221K | $123K | $22K | — | View 990 |
| 2014 | $184K | $155K | $73K | $2K | — | View 990 |
| 2013 | $51K | $9K | $43K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $400K, expenses of $506K, and assets of $162K (revenue +11.5% year-over-year).
- 2021: Revenue of $359K, expenses of $398K, and assets of $166K (revenue -5.4% year-over-year).
- 2020: Revenue of $379K, expenses of $406K, and assets of $173K (revenue +36.1% year-over-year).
- 2019: Revenue of $279K, expenses of $270K, and assets of $197K (revenue -39.1% year-over-year).
- 2018: Revenue of $458K, expenses of $397K, and assets of $186K (revenue +67.0% year-over-year).
- 2017: Revenue of $274K, expenses of $300K, and assets of $153K (revenue -37.4% year-over-year).
- 2016: Revenue of $438K, expenses of $383K, and assets of $204K (revenue +74.5% year-over-year).
- 2015: Revenue of $251K, expenses of $221K, and assets of $123K (revenue +36.4% year-over-year).
- 2014: Revenue of $184K, expenses of $155K, and assets of $73K (revenue +260.5% year-over-year).
- 2013: Revenue of $51K, expenses of $9K, and assets of $43K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for American Sweet Potato Marketing Institute Inc:
Data Sources and Methodology
This transparency report for American Sweet Potato Marketing Institute 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.