Friends Of The Lowline
EIN: 462003223 · Charleston, SC · NTEE: S99
| Metric | Value |
|---|---|
| Total Revenue | $20K |
| Total Expenses | $93K |
| Net Assets | $-326,845 |
Is Friends Of The Lowline Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Friends Of The Lowline
Friends Of The Lowline (EIN: 462003223) is a nonprofit organization based in Charleston, SC, classified under NTEE code S99. The organization reported total revenue of $20K and total assets of $32K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of The Lowline's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of The Lowline is a micro nonprofit that has been operating for 10 years, with 11 years of IRS 990 filings on record (2013–2022). Revenue has grown at a compound annual rate of -2.3%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $65K |
| Total Expenses | $93K |
| Surplus / Deficit | $-28,132 |
| Total Assets | $12K |
| Total Liabilities | $339K |
| Net Assets | $-326,845 |
| Operating Margin | -43.5% |
| Debt-to-Asset Ratio | 2804.6% |
| Months of Reserves | 1.6 months |
Financial Health Grade: D
In 2022, Friends Of The Lowline reported a deficit of $28K with expenses exceeding revenue, holds 1.6 months of operating reserves (limited), has a debt-to-asset ratio of 2804.6% (high leverage).
Financial Trends
Over 11 years of filings (2013–2022), Friends Of The Lowline's revenue has declined at a compound annual growth rate (CAGR) of -2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -25.5% | -32.9% | -70.0% |
| 2021 | -67.3% | -22.0% | -59.0% |
| 2020 | +7.2% | +999.5% | +2650.2% |
| 2019 | -44.8% | -10.1% | -50.5% |
| 2018 | -59.7% | -99.2% | +1278.0% |
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 Friends Of The Lowline 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 Friends Of The Lowline 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $28K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2804.6%.
Frequently Asked Questions about Friends Of The Lowline
Is Friends Of The Lowline a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of The Lowline (EIN: 462003223) insufficient data. 0 red flags identified, 0 strengths noted.
How does Friends Of The Lowline spend its money?
Detailed spending breakdown data is not yet available for Friends Of The Lowline. Check back for updated IRS 990 analysis.
Are donations to Friends Of The Lowline tax-deductible?
Friends Of The Lowline is registered as a tax-exempt nonprofit (EIN: 462003223). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Friends Of The Lowline located?
Friends Of The Lowline is headquartered in Charleston, South Carolina and files with the IRS under EIN 462003223. It is classified under NTEE code S99.
How many years of IRS 990 filings does Friends Of The Lowline have?
Friends Of The Lowline has 11 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 $20K in total revenue.
Filing History
IRS 990 filing history for Friends Of The Lowline showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2022), Friends Of The Lowline's revenue has declined by 19.1%, moving from $80K to $65K. Total assets decreased by 70.8% over the same period, from $41K to $12K. Total functional expenses rose by 140.7%, from $39K to $93K. In its most recent filing year (2022), Friends Of The Lowline reported a deficit of $28K, with expenses exceeding revenue. The organization holds $339K in liabilities against $12K in assets (debt-to-asset ratio: 2804.6%), resulting in net assets of $-326,845.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $65K | $93K | $12K | $339K | — | View 990 |
| 2021 | $87K | $138K | $40K | $339K | — | — |
| 2020 | $266K | $177K | $98K | $345K | — | View 990 |
| 2019 | $248K | $16K | $4K | $339K | — | View 990 |
| 2018 | $450K | $18K | $7K | $575K | — | View 990 |
| 2017 | $1.1M | $2.1M | $523 | $1.0M | — | View 990 |
| 2016 | $14K | $155K | $3K | $0 | — | View 990 |
| 2016 | $250K | $110K | $143K | $0 | — | View 990 |
| 2015 | $100K | $134K | $3K | $0 | — | View 990 |
| 2014 | $0 | $4K | $37K | $0 | — | View 990 |
| 2013 | $80K | $39K | $41K | $0 | — | — |
Year-by-Year Financial Summary
- 2022: Revenue of $65K, expenses of $93K, and assets of $12K (revenue -25.5% year-over-year).
- 2021: Revenue of $87K, expenses of $138K, and assets of $40K (revenue -67.3% year-over-year).
- 2020: Revenue of $266K, expenses of $177K, and assets of $98K (revenue +7.2% year-over-year).
- 2019: Revenue of $248K, expenses of $16K, and assets of $4K (revenue -44.8% year-over-year).
- 2018: Revenue of $450K, expenses of $18K, and assets of $7K (revenue -59.7% year-over-year).
- 2017: Revenue of $1.1M, expenses of $2.1M, and assets of $523 (revenue +7703.1% year-over-year).
- 2016: Revenue of $14K, expenses of $155K, and assets of $3K (revenue -94.3% year-over-year).
- 2016: Revenue of $250K, expenses of $110K, and assets of $143K (revenue +150.1% year-over-year).
- 2015: Revenue of $100K, expenses of $134K, and assets of $3K.
- 2014: Revenue of $0, expenses of $4K, and assets of $37K (revenue -100.0% year-over-year).
- 2013: Revenue of $80K, expenses of $39K, and assets of $41K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of The Lowline:
Data Sources and Methodology
This transparency report for Friends Of The Lowline 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.