Groove Phi Groove Social Fellowship Inc
EIN: 521865062 · Silver Spring, MD
| Metric | Value |
|---|---|
| Total Revenue | $110K |
| Total Expenses | $60K |
| Net Assets | $486K |
Is Groove Phi Groove Social Fellowship Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Groove Phi Groove Social Fellowship Inc
Groove Phi Groove Social Fellowship Inc (EIN: 521865062) is a nonprofit organization based in Silver Spring, MD. The organization reported total revenue of $110K and total assets of $497K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Groove Phi Groove Social Fellowship Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Groove Phi Groove Social Fellowship Inc is a small nonprofit that has been operating for 32 years, with 7 years of IRS 990 filings on record (2011–2018). Revenue has grown at a compound annual rate of 5.5%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $110K |
| Total Expenses | $60K |
| Surplus / Deficit | +$49K |
| Total Assets | $497K |
| Total Liabilities | $11K |
| Net Assets | $486K |
| Operating Margin | 45.0% |
| Debt-to-Asset Ratio | 2.2% |
| Months of Reserves | 98.8 months |
Financial Health Grade: A
In 2018, Groove Phi Groove Social Fellowship Inc reported a surplus of $49K with revenue exceeding expenses, holds 98.8 months of operating reserves (strong position), has a debt-to-asset ratio of 2.2% (very low leverage).
Financial Trends
Over 7 years of filings (2011–2018), Groove Phi Groove Social Fellowship Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | -19.4% | -44.5% | +41.0% |
| 2017 | +23.9% | +58.0% | +15.6% |
| 2015 | +16.1% | -10.6% | +13.3% |
| 2014 | -41.2% | -42.7% | -3.2% |
| 2013 | +138.8% | +213.8% | +5.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Groove Phi Groove Social Fellowship 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 Groove Phi Groove Social Fellowship 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 (2018)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $49K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.2%.
Frequently Asked Questions about Groove Phi Groove Social Fellowship Inc
Is Groove Phi Groove Social Fellowship Inc a legitimate charity?
Groove Phi Groove Social Fellowship Inc (EIN: 521865062) is a registered tax-exempt nonprofit based in Maryland. It has 7 years of IRS 990 filings on record. Total revenue: $110K. No red flags identified. Financial health grade: A.
How does Groove Phi Groove Social Fellowship Inc spend its money?
Groove Phi Groove Social Fellowship Inc reported $110K in total revenue in IRS 990 filings. 7 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Groove Phi Groove Social Fellowship Inc tax-deductible?
Groove Phi Groove Social Fellowship Inc is registered as a tax-exempt nonprofit (EIN: 521865062). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Groove Phi Groove Social Fellowship Inc located?
Groove Phi Groove Social Fellowship Inc is headquartered in Silver Spring, Maryland and files with the IRS under EIN 521865062.
How many years of IRS 990 filings does Groove Phi Groove Social Fellowship Inc have?
Groove Phi Groove Social Fellowship 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 $110K in total revenue.
Filing History
IRS 990 filing history for Groove Phi Groove Social Fellowship Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2018), Groove Phi Groove Social Fellowship Inc's revenue has grown by 45.1%, moving from $76K to $110K. Total assets increased by 157.6% over the same period, from $193K to $497K. Total functional expenses fell by 17.5%, from $73K to $60K. In its most recent filing year (2018), Groove Phi Groove Social Fellowship Inc reported a surplus of $49K, with revenue exceeding expenses. The organization holds $11K in liabilities against $497K in assets (debt-to-asset ratio: 2.2%), resulting in net assets of $486K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $110K | $60K | $497K | $11K | — | View 990 |
| 2017 | $136K | $109K | $352K | $15K | — | View 990 |
| 2015 | $110K | $69K | $305K | $6K | — | View 990 |
| 2014 | $95K | $77K | $269K | $11K | — | View 990 |
| 2013 | $161K | $134K | $278K | $15K | — | View 990 |
| 2012 | $67K | $43K | $263K | $50K | — | View 990 |
| 2011 | $76K | $73K | $193K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $110K, expenses of $60K, and assets of $497K (revenue -19.4% year-over-year).
- 2017: Revenue of $136K, expenses of $109K, and assets of $352K (revenue +23.9% year-over-year).
- 2015: Revenue of $110K, expenses of $69K, and assets of $305K (revenue +16.1% year-over-year).
- 2014: Revenue of $95K, expenses of $77K, and assets of $269K (revenue -41.2% year-over-year).
- 2013: Revenue of $161K, expenses of $134K, and assets of $278K (revenue +138.8% year-over-year).
- 2012: Revenue of $67K, expenses of $43K, and assets of $263K (revenue -10.8% year-over-year).
- 2011: Revenue of $76K, expenses of $73K, and assets of $193K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Groove Phi Groove Social Fellowship Inc:
Data Sources and Methodology
This transparency report for Groove Phi Groove Social Fellowship 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.