Clever Octopus Inc
EIN: 473829287 · Salt Lake Cty, UT · NTEE: C27
| Metric | Value |
|---|---|
| Total Revenue | $1 |
| Total Expenses | $191K |
| Net Assets | $8K |
Is Clever Octopus Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Clever Octopus Inc
Clever Octopus Inc (EIN: 473829287) is a nonprofit organization based in Salt Lake Cty, UT, classified under NTEE code C27. The organization reported total revenue of $1 and total assets of $2K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Clever Octopus Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Clever Octopus Inc is a micro nonprofit that has been operating for 10 years, with 7 years of IRS 990 filings on record (2017–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -101.5% | -67.4% | -96.6% |
| 2022 | -1.9% | +48.9% | -30.0% |
| 2021 | +69.5% | +61.7% | +48.5% |
| 2020 | +7.3% | +6.8% | +100.4% |
| 2019 | +86.1% | +56.4% | +115.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Clever Octopus 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 Clever Octopus 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:
Frequently Asked Questions about Clever Octopus Inc
Is Clever Octopus Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Clever Octopus Inc (EIN: 473829287) insufficient data. 0 red flags identified, 0 strengths noted.
How does Clever Octopus Inc spend its money?
Detailed spending breakdown data is not yet available for Clever Octopus Inc. Check back for updated IRS 990 analysis.
Are donations to Clever Octopus Inc tax-deductible?
Clever Octopus Inc is registered as a tax-exempt nonprofit (EIN: 473829287). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Clever Octopus Inc located?
Clever Octopus Inc is headquartered in Salt Lake Cty, Utah and files with the IRS under EIN 473829287. It is classified under NTEE code C27.
How many years of IRS 990 filings does Clever Octopus Inc have?
Clever Octopus Inc has 7 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 $1 in total revenue.
Filing History
IRS 990 filing history for Clever Octopus Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Clever Octopus Inc's revenue has declined by 109%, moving from $88K to $-7,903. Total assets decreased by 81.6% over the same period, from $42K to $8K. Total functional expenses rose by 219.8%, from $60K to $191K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-7,903 | $191K | $8K | $0 | — | View 990 |
| 2022 | $512K | $586K | $228K | $279 | — | View 990 |
| 2021 | $522K | $394K | $326K | $24K | — | View 990 |
| 2020 | $308K | $243K | $219K | $46K | — | — |
| 2019 | $287K | $228K | $109K | $0 | — | View 990 |
| 2018 | $154K | $146K | $51K | $228 | — | View 990 |
| 2017 | $88K | $60K | $42K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-7,903, expenses of $191K, and assets of $8K (revenue -101.5% year-over-year).
- 2022: Revenue of $512K, expenses of $586K, and assets of $228K (revenue -1.9% year-over-year).
- 2021: Revenue of $522K, expenses of $394K, and assets of $326K (revenue +69.5% year-over-year).
- 2020: Revenue of $308K, expenses of $243K, and assets of $219K (revenue +7.3% year-over-year).
- 2019: Revenue of $287K, expenses of $228K, and assets of $109K (revenue +86.1% year-over-year).
- 2018: Revenue of $154K, expenses of $146K, and assets of $51K (revenue +75.2% year-over-year).
- 2017: Revenue of $88K, expenses of $60K, and assets of $42K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Clever Octopus Inc:
Data Sources and Methodology
This transparency report for Clever Octopus 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.