Fabric Tempe
EIN: 854318633 · Tempe, AZ · NTEE: A25
| Metric | Value |
|---|---|
| Total Revenue | $532K |
| Total Expenses | $661K |
| Net Assets | $-99,218 |
Is Fabric Tempe Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Fabric Tempe
Fabric Tempe (EIN: 854318633) is a nonprofit organization based in Tempe, AZ, classified under NTEE code A25. The organization reported total revenue of $532K and total assets of $8K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fabric Tempe's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fabric Tempe is a small nonprofit that has been operating for 4 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -5.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $569K |
| Total Expenses | $661K |
| Surplus / Deficit | $-91,561 |
| Total Assets | $90K |
| Total Liabilities | $190K |
| Net Assets | $-99,218 |
| Operating Margin | -16.1% |
| Debt-to-Asset Ratio | 209.9% |
| Months of Reserves | 1.6 months |
Financial Health Grade: D
In 2023, Fabric Tempe reported a deficit of $92K with expenses exceeding revenue, holds 1.6 months of operating reserves (limited), has a debt-to-asset ratio of 209.9% (high leverage).
Financial Trends
Over 3 years of filings (2021–2023), Fabric Tempe's revenue has declined at a compound annual growth rate (CAGR) of -5.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.4% | +29.3% | +143.9% |
| 2022 | -23.4% | -18.2% | +161.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Fabric Tempe 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 Fabric Tempe 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 $92K, with expenses exceeding revenue.
- Debt-to-asset ratio: 209.9%.
Frequently Asked Questions about Fabric Tempe
Is Fabric Tempe a legitimate charity?
Fabric Tempe (EIN: 854318633) is a registered tax-exempt nonprofit based in Arizona. It has 3 years of IRS 990 filings on record. Total revenue: $532K. No red flags identified. Financial health grade: D.
How does Fabric Tempe spend its money?
Fabric Tempe reported $532K in total revenue in IRS 990 filings. 3 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Fabric Tempe tax-deductible?
Fabric Tempe is registered as a tax-exempt nonprofit (EIN: 854318633). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Fabric Tempe located?
Fabric Tempe is headquartered in Tempe, Arizona and files with the IRS under EIN 854318633. It is classified under NTEE code A25.
How many years of IRS 990 filings does Fabric Tempe have?
Fabric Tempe has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $532K in total revenue.
Filing History
IRS 990 filing history for Fabric Tempe showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Fabric Tempe's revenue has declined by 10.9%, moving from $639K to $569K. Total assets increased by 536.8% over the same period, from $14K to $90K. Total functional expenses rose by 5.8%, from $624K to $661K. In its most recent filing year (2023), Fabric Tempe reported a deficit of $92K, with expenses exceeding revenue. The organization holds $190K in liabilities against $90K in assets (debt-to-asset ratio: 209.9%), resulting in net assets of $-99,218.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $569K | $661K | $90K | $190K | — | — |
| 2022 | $489K | $511K | $37K | $45K | — | View 990 |
| 2021 | $639K | $624K | $14K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $569K, expenses of $661K, and assets of $90K (revenue +16.4% year-over-year).
- 2022: Revenue of $489K, expenses of $511K, and assets of $37K (revenue -23.4% year-over-year).
- 2021: Revenue of $639K, expenses of $624K, and assets of $14K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fabric Tempe:
Data Sources and Methodology
This transparency report for Fabric Tempe 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.