Engine Room Inc
EIN: 800788519 · New York, NY · NTEE: P05
| Metric | Value |
|---|---|
| Total Revenue | $3.7M |
| Total Expenses | $1.6M |
| Net Assets | $985K |
Is Engine Room Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Engine Room Inc
Engine Room Inc (EIN: 800788519) is a nonprofit organization based in New York, NY, classified under NTEE code P05. The organization reported total revenue of $3.7M and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Engine Room Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Engine Room Inc is a mid-size nonprofit that has been operating for 10 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 5.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $975K |
| Total Expenses | $1.6M |
| Surplus / Deficit | $-650,383 |
| Total Assets | $1.1M |
| Total Liabilities | $120K |
| Net Assets | $985K |
| Operating Margin | -66.7% |
| Debt-to-Asset Ratio | 10.9% |
| Months of Reserves | 8.2 months |
Financial Health Grade: B
In 2023, Engine Room Inc reported a deficit of $650K with expenses exceeding revenue, holds 8.2 months of operating reserves (strong position), has a debt-to-asset ratio of 10.9% (very low leverage).
Financial Trends
Over 8 years of filings (2016–2023), Engine Room Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.8% | -13.2% | -34.1% |
| 2022 | -44.5% | +11.8% | -39.8% |
| 2021 | -60.4% | +19.4% | -10.4% |
| 2020 | +127.2% | -12.6% | +203.5% |
| 2019 | -1.4% | +27.0% | -4.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Engine Room 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 Engine Room 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 deficit of $650K, with expenses exceeding revenue.
- Debt-to-asset ratio: 10.9%.
Frequently Asked Questions about Engine Room Inc
Is Engine Room Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Engine Room Inc (EIN: 800788519) insufficient data. 0 red flags identified, 0 strengths noted.
How does Engine Room Inc spend its money?
Detailed spending breakdown data is not yet available for Engine Room Inc. Check back for updated IRS 990 analysis.
Are donations to Engine Room Inc tax-deductible?
Engine Room Inc is registered as a tax-exempt nonprofit (EIN: 800788519). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Engine Room Inc located?
Engine Room Inc is headquartered in New York, New York and files with the IRS under EIN 800788519. It is classified under NTEE code P05.
How many years of IRS 990 filings does Engine Room Inc have?
Engine Room Inc has 8 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 $3.7M in total revenue.
Filing History
IRS 990 filing history for Engine Room Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Engine Room Inc's revenue has grown by 41.9%, moving from $687K to $975K. Total assets increased by 93.3% over the same period, from $572K to $1.1M. Total functional expenses rose by 1181.7%, from $127K to $1.6M. In its most recent filing year (2023), Engine Room Inc reported a deficit of $650K, with expenses exceeding revenue. The organization holds $120K in liabilities against $1.1M in assets (debt-to-asset ratio: 10.9%), resulting in net assets of $985K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $975K | $1.6M | $1.1M | $120K | — | — |
| 2022 | $763K | $1.9M | $1.7M | $41K | — | View 990 |
| 2021 | $1.4M | $1.7M | $2.8M | $42K | — | View 990 |
| 2020 | $3.5M | $1.4M | $3.1M | $65K | — | — |
| 2019 | $1.5M | $1.6M | $1.0M | $50K | — | View 990 |
| 2018 | $1.5M | $1.3M | $1.1M | $17K | — | View 990 |
| 2017 | $1.4M | $1.2M | $801K | $38K | — | View 990 |
| 2016 | $687K | $127K | $572K | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $975K, expenses of $1.6M, and assets of $1.1M (revenue +27.8% year-over-year).
- 2022: Revenue of $763K, expenses of $1.9M, and assets of $1.7M (revenue -44.5% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.7M, and assets of $2.8M (revenue -60.4% year-over-year).
- 2020: Revenue of $3.5M, expenses of $1.4M, and assets of $3.1M (revenue +127.2% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.6M, and assets of $1.0M (revenue -1.4% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.3M, and assets of $1.1M (revenue +8.4% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.2M, and assets of $801K (revenue +108.0% year-over-year).
- 2016: Revenue of $687K, expenses of $127K, and assets of $572K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Engine Room Inc:
Data Sources and Methodology
This transparency report for Engine Room 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.