Elsewhere Incorporated
Elsewhere Incorporated faces declining revenue and assets, operating at a deficit in recent years.
EIN: 201026041 · Greensboro, NC · NTEE: A61 · Updated: 2026-03-28
Is Elsewhere Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Elsewhere Incorporated directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Elsewhere Incorporated
Elsewhere Incorporated (EIN: 201026041) is a nonprofit organization based in Greensboro, NC, classified under NTEE code A61. The organization reported total revenue of $274K and total assets of $485K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Elsewhere Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Elsewhere Incorporated is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2010–2022). Revenue has grown at a compound annual rate of 6.3%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $274K |
| Total Expenses | $386K |
| Surplus / Deficit | $-111,369 |
| Total Assets | $485K |
| Total Liabilities | $231K |
| Net Assets | $253K |
| Operating Margin | -40.6% |
| Debt-to-Asset Ratio | 47.7% |
| Months of Reserves | 15.1 months |
Financial Health Grade: B
In 2022, Elsewhere Incorporated reported a deficit of $111K with expenses exceeding revenue, holds 15.1 months of operating reserves (strong position), has a debt-to-asset ratio of 47.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2010–2022), Elsewhere Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 6.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -21.3% | +4.7% | -24.8% |
| 2021 | +51.6% | +13.4% | -15.1% |
| 2020 | -20.0% | -9.9% | +6.6% |
| 2019 | +2.9% | +10.3% | -9.8% |
| 2018 | -18.2% | +6.1% | -9.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
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 Elsewhere Incorporated with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Elsewhere Incorporated allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $111K, with expenses exceeding revenue.
- Debt-to-asset ratio: 47.7%.
Executive Compensation Analysis
Elsewhere Incorporated consistently reports 0% officer compensation across all available filings, suggesting that executive leadership is either entirely volunteer-based or compensated below IRS reporting thresholds, which can be a positive indicator for resource allocation towards the mission.
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 Elsewhere Incorporated's IRS 990 filings:
- Consistent operational deficits in recent years (e.g., $111,369 in 2022, $19,556 in 2021).
- Significant decline in total assets from $1,122,200 in 2016 to $484,606 in 2022.
- Substantial decrease in revenue from $698,931 in 2014 to $274,142 in 2022.
- Increasing liabilities from $0 in 2015 to $231,343 in 2022.
Strengths
The following positive indicators were identified for Elsewhere Incorporated:
- No reported officer compensation, suggesting efficient use of funds or volunteer leadership.
- Long filing history (13 filings) indicates consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Elsewhere Incorporated
Is Elsewhere Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Elsewhere Incorporated (EIN: 201026041) some concerns. Mission Score: 55/100. 4 red flags identified, 2 strengths noted.
How does Elsewhere Incorporated spend its money?
Elsewhere Incorporated directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Elsewhere Incorporated tax-deductible?
Elsewhere Incorporated is registered as a tax-exempt nonprofit (EIN: 201026041). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Elsewhere Incorporated financially stable?
Based on the IRS 990 data, Elsewhere Incorporated has shown a trend of declining revenue and assets since 2014, and has operated at a deficit in the most recent years (e.g., $111,369 deficit in 2022). This indicates a challenging financial stability outlook.
Why have Elsewhere Incorporated's assets decreased significantly?
Assets have decreased from a peak of $1,122,200 in 2016 to $484,606 in 2022. This decline coincides with several years where expenses exceeded revenue, suggesting the organization may be using its reserves to cover operational costs.
What is the trend in Elsewhere Incorporated's revenue?
Revenue has shown a significant downward trend, decreasing from $698,931 in 2014 to $274,142 in 2022, representing a substantial reduction in income over this period.
Filing History
IRS 990 filing history for Elsewhere Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2010–2022), Elsewhere Incorporated's revenue has grown by 107.6%, moving from $132K to $274K. Total assets increased by 340.1% over the same period, from $110K to $485K. Total functional expenses rose by 251.4%, from $110K to $386K. In its most recent filing year (2022), Elsewhere Incorporated reported a deficit of $111K, with expenses exceeding revenue. The organization holds $231K in liabilities against $485K in assets (debt-to-asset ratio: 47.7%), resulting in net assets of $253K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $274K | $386K | $485K | $231K | — | View 990 |
| 2021 | $348K | $368K | $644K | $280K | — | View 990 |
| 2020 | $230K | $325K | $758K | $375K | — | View 990 |
| 2019 | $287K | $360K | $711K | $220K | — | View 990 |
| 2018 | $279K | $326K | $789K | $225K | — | View 990 |
| 2017 | $341K | $308K | $872K | $262K | — | View 990 |
| 2016 | $323K | $246K | $1.1M | $285K | — | View 990 |
| 2015 | $458K | $353K | $760K | $0 | — | View 990 |
| 2014 | $699K | $326K | $655K | $0 | — | View 990 |
| 2013 | $316K | $223K | $283K | $0 | — | View 990 |
| 2012 | $277K | $225K | $189K | $0 | — | View 990 |
| 2011 | $173K | $146K | $137K | $0 | — | View 990 |
| 2010 | $132K | $110K | $110K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $274K, expenses of $386K, and assets of $485K (revenue -21.3% year-over-year).
- 2021: Revenue of $348K, expenses of $368K, and assets of $644K (revenue +51.6% year-over-year).
- 2020: Revenue of $230K, expenses of $325K, and assets of $758K (revenue -20.0% year-over-year).
- 2019: Revenue of $287K, expenses of $360K, and assets of $711K (revenue +2.9% year-over-year).
- 2018: Revenue of $279K, expenses of $326K, and assets of $789K (revenue -18.2% year-over-year).
- 2017: Revenue of $341K, expenses of $308K, and assets of $872K (revenue +5.8% year-over-year).
- 2016: Revenue of $323K, expenses of $246K, and assets of $1.1M (revenue -29.4% year-over-year).
- 2015: Revenue of $458K, expenses of $353K, and assets of $760K (revenue -34.5% year-over-year).
- 2014: Revenue of $699K, expenses of $326K, and assets of $655K (revenue +120.9% year-over-year).
- 2013: Revenue of $316K, expenses of $223K, and assets of $283K (revenue +14.2% year-over-year).
- 2012: Revenue of $277K, expenses of $225K, and assets of $189K (revenue +60.3% year-over-year).
- 2011: Revenue of $173K, expenses of $146K, and assets of $137K (revenue +30.9% year-over-year).
- 2010: Revenue of $132K, expenses of $110K, and assets of $110K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Elsewhere Incorporated:
Data Sources and Methodology
This transparency report for Elsewhere Incorporated 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.