Choo Smith Youth Empowerment Inc
Choo Smith Youth Empowerment Inc. experiences significant revenue growth with zero reported officer compensation.
EIN: 142009589 · Baltimore, MD · NTEE: O20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $607K |
| Total Expenses | $728K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $253K |
| Transparency Score | 80/100 |
Is Choo Smith Youth Empowerment Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Choo Smith Youth Empowerment Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Choo Smith Youth Empowerment Inc
Choo Smith Youth Empowerment Inc (EIN: 142009589) is a nonprofit organization based in Baltimore, MD, classified under NTEE code O20. The organization reported total revenue of $607K and total assets of $814K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Choo Smith Youth Empowerment Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Choo Smith Youth Empowerment Inc is a small nonprofit that has been operating for 18 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 24.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $975K |
| Total Expenses | $728K |
| Surplus / Deficit | +$248K |
| Total Assets | $253K |
| Net Assets | $253K |
| Operating Margin | 25.4% |
| Months of Reserves | 4.2 months |
Financial Health Grade: A
In 2023, Choo Smith Youth Empowerment Inc reported a surplus of $248K with revenue exceeding expenses, holds 4.2 months of operating reserves (adequate).
Financial Trends
Over 14 years of filings (2010–2023), Choo Smith Youth Empowerment Inc's revenue has grown at a compound annual growth rate (CAGR) of 24.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +322.6% | +276.8% | +3635.3% |
| 2022 | +224.2% | +169.6% | +843.0% |
| 2021 | +2.6% | +4.4% | -38.9% |
| 2020 | -50.8% | -51.2% | -92.5% |
| 2019 | -14.7% | -15.2% | +4492.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Choo Smith Youth Empowerment Inc with a Mission Score of 80 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Choo Smith Youth Empowerment Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $248K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all 14 filings, suggesting that the organization's leadership is either entirely volunteer-based or compensated through non-officer channels, which is highly unusual for an organization with nearly $1 million in revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Choo Smith Youth Empowerment Inc's IRS 990 filings:
- Unexplained volatility in reported assets over time.
- Consistent 0% officer compensation for an organization with growing revenue, which may obscure actual executive benefits or compensation structures.
Strengths
The following positive indicators were identified for Choo Smith Youth Empowerment Inc:
- Consistent filing of IRS Form 990s, indicating good regulatory compliance.
- Generally low liabilities, suggesting sound debt management.
- Significant revenue growth in the latest fiscal period (202312), indicating increased support and capacity.
- Expenses generally kept below or very close to revenue, demonstrating financial prudence.
Frequently Asked Questions about Choo Smith Youth Empowerment Inc
Is Choo Smith Youth Empowerment Inc a legitimate charity?
Choo Smith Youth Empowerment Inc (EIN: 142009589) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 80/100. It has 14 years of IRS 990 filings on record. Total revenue: $607K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Choo Smith Youth Empowerment Inc spend its money?
Choo Smith Youth Empowerment Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Choo Smith Youth Empowerment Inc tax-deductible?
Choo Smith Youth Empowerment Inc is registered as a tax-exempt nonprofit (EIN: 142009589). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Choo Smith Youth Empowerment Inc CEO make?
Choo Smith Youth Empowerment Inc's highest-compensated officer earns $1 annually. The organization reported $607K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Choo Smith Youth Empowerment Inc's spending goes to programs?
Choo Smith Youth Empowerment Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Choo Smith Youth Empowerment Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Choo Smith Youth Empowerment Inc is above average for NTEE category O20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Choo Smith Youth Empowerment Inc located?
Choo Smith Youth Empowerment Inc is headquartered in Baltimore, Maryland and files with the IRS under EIN 142009589. It is classified under NTEE code O20.
How many years of IRS 990 filings does Choo Smith Youth Empowerment Inc have?
Choo Smith Youth Empowerment Inc has 14 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 $607K in total revenue.
Why is officer compensation consistently reported as 0% despite significant revenue?
The consistent reporting of 0% officer compensation across all 14 filings, even with revenue reaching $975,474 in 202312, is highly unusual. It suggests either a fully volunteer-led executive team or that compensation is structured in a way that it is not reported as 'officer compensation' on the 990, which could warrant further inquiry for full transparency.
What caused the significant increase in revenue and expenses in the 202312 period?
The jump in revenue from $230,828 in 202212 to $975,474 in 202312, alongside a corresponding increase in expenses, indicates a period of substantial growth or a successful fundraising campaign. Understanding the specific drivers behind this growth would provide insight into the organization's strategic direction and capacity.
Why did assets decrease significantly from $813,775 to $253,256 in the latest filing period?
The reported assets show considerable fluctuation, with a high of $813,775 (latest available data point) but then a decrease to $253,256 in the 202312 filing. This significant drop in assets, especially after a period of high revenue, requires clarification to understand if it's due to asset utilization, reclassification, or other financial activities.
Filing History
IRS 990 filing history for Choo Smith Youth Empowerment Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Choo Smith Youth Empowerment Inc's revenue has grown by 1640.6%, moving from $56K to $975K. Total assets increased by 5339.3% over the same period, from $5K to $253K. Total functional expenses rose by 1316.6%, from $51K to $728K. In its most recent filing year (2023), Choo Smith Youth Empowerment Inc reported a surplus of $248K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $975K | $728K | $253K | $0 | — | View 990 |
| 2022 | $231K | $193K | $7K | $0 | — | View 990 |
| 2021 | $71K | $72K | $719 | $0 | — | View 990 |
| 2020 | $69K | $69K | $1K | $0 | — | View 990 |
| 2019 | $141K | $141K | $16K | $15K | — | View 990 |
| 2018 | $165K | $166K | $342 | $0 | — | View 990 |
| 2017 | $156K | $156K | $800 | $0 | — | View 990 |
| 2016 | $225K | $216K | $9K | $0 | — | View 990 |
| 2015 | $206K | $181K | $73K | $0 | — | View 990 |
| 2014 | $153K | $140K | $48K | $0 | — | View 990 |
| 2013 | $156K | $147K | $35K | $0 | — | View 990 |
| 2012 | $136K | $124K | $25K | $0 | — | — |
| 2011 | $56K | $51K | $5K | $0 | — | — |
| 2010 | $56K | $51K | $5K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $975K, expenses of $728K, and assets of $253K (revenue +322.6% year-over-year).
- 2022: Revenue of $231K, expenses of $193K, and assets of $7K (revenue +224.2% year-over-year).
- 2021: Revenue of $71K, expenses of $72K, and assets of $719 (revenue +2.6% year-over-year).
- 2020: Revenue of $69K, expenses of $69K, and assets of $1K (revenue -50.8% year-over-year).
- 2019: Revenue of $141K, expenses of $141K, and assets of $16K (revenue -14.7% year-over-year).
- 2018: Revenue of $165K, expenses of $166K, and assets of $342 (revenue +5.7% year-over-year).
- 2017: Revenue of $156K, expenses of $156K, and assets of $800 (revenue -30.5% year-over-year).
- 2016: Revenue of $225K, expenses of $216K, and assets of $9K (revenue +9.0% year-over-year).
- 2015: Revenue of $206K, expenses of $181K, and assets of $73K (revenue +35.0% year-over-year).
- 2014: Revenue of $153K, expenses of $140K, and assets of $48K (revenue -2.0% year-over-year).
- 2013: Revenue of $156K, expenses of $147K, and assets of $35K (revenue +14.6% year-over-year).
- 2012: Revenue of $136K, expenses of $124K, and assets of $25K (revenue +143.0% year-over-year).
- 2011: Revenue of $56K, expenses of $51K, and assets of $5K (revenue +0.0% year-over-year).
- 2010: Revenue of $56K, expenses of $51K, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Choo Smith Youth Empowerment Inc:
Data Sources and Methodology
This transparency report for Choo Smith Youth Empowerment 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.