Loop It Up Savannah
EIN: 473647962 · Savannah, GA · NTEE: A20
| Metric | Value |
|---|---|
| Total Revenue | $787K |
| Total Expenses | $544K |
| Net Assets | $64K |
Is Loop It Up Savannah Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Loop It Up Savannah
Loop It Up Savannah (EIN: 473647962) is a nonprofit organization based in Savannah, GA, classified under NTEE code A20. The organization reported total revenue of $787K and total assets of $256K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Loop It Up Savannah's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Loop It Up Savannah is a small 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 45.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $558K |
| Total Expenses | $544K |
| Surplus / Deficit | +$14K |
| Total Assets | $64K |
| Net Assets | $64K |
| Operating Margin | 2.4% |
| Months of Reserves | 1.4 months |
Financial Health Grade: A
In 2023, Loop It Up Savannah reported a surplus of $14K with revenue exceeding expenses, holds 1.4 months of operating reserves (limited).
Financial Trends
Over 8 years of filings (2016–2023), Loop It Up Savannah's revenue has grown at a compound annual growth rate (CAGR) of 45.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.9% | +7.8% | +26.8% |
| 2022 | +28.2% | +52.8% | -41.3% |
| 2021 | +59.2% | +72.4% | +83.0% |
| 2020 | +58.3% | +69.1% | -67.6% |
| 2019 | +28.2% | -0.5% | +5897.5% |
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 Loop It Up Savannah 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 Loop It Up Savannah 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 surplus of $14K, with revenue exceeding expenses.
Frequently Asked Questions about Loop It Up Savannah
Is Loop It Up Savannah a legitimate charity?
Loop It Up Savannah (EIN: 473647962) is a registered tax-exempt nonprofit based in Georgia. It has 8 years of IRS 990 filings on record. Total revenue: $787K. No red flags identified. Financial health grade: A.
How does Loop It Up Savannah spend its money?
Loop It Up Savannah reported $787K in total revenue in IRS 990 filings. 8 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Loop It Up Savannah tax-deductible?
Loop It Up Savannah is registered as a tax-exempt nonprofit (EIN: 473647962). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Loop It Up Savannah located?
Loop It Up Savannah is headquartered in Savannah, Georgia and files with the IRS under EIN 473647962. It is classified under NTEE code A20.
How many years of IRS 990 filings does Loop It Up Savannah have?
Loop It Up Savannah 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 $787K in total revenue.
Filing History
IRS 990 filing history for Loop It Up Savannah showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Loop It Up Savannah's revenue has grown by 1307.8%, moving from $40K to $558K. Total assets increased by 969.5% over the same period, from $6K to $64K. Total functional expenses rose by 1273.5%, from $40K to $544K. In its most recent filing year (2023), Loop It Up Savannah reported a surplus of $14K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $558K | $544K | $64K | $0 | — | View 990 |
| 2022 | $469K | $505K | $51K | $0 | — | View 990 |
| 2021 | $366K | $330K | $86K | $0 | — | View 990 |
| 2020 | $230K | $191K | $47K | $0 | — | View 990 |
| 2019 | $145K | $113K | $145K | $0 | — | View 990 |
| 2018 | $113K | $114K | $2K | $0 | — | View 990 |
| 2017 | $76K | $79K | $3K | $0 | — | View 990 |
| 2016 | $40K | $40K | $6K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $558K, expenses of $544K, and assets of $64K (revenue +18.9% year-over-year).
- 2022: Revenue of $469K, expenses of $505K, and assets of $51K (revenue +28.2% year-over-year).
- 2021: Revenue of $366K, expenses of $330K, and assets of $86K (revenue +59.2% year-over-year).
- 2020: Revenue of $230K, expenses of $191K, and assets of $47K (revenue +58.3% year-over-year).
- 2019: Revenue of $145K, expenses of $113K, and assets of $145K (revenue +28.2% year-over-year).
- 2018: Revenue of $113K, expenses of $114K, and assets of $2K (revenue +48.1% year-over-year).
- 2017: Revenue of $76K, expenses of $79K, and assets of $3K (revenue +92.9% year-over-year).
- 2016: Revenue of $40K, expenses of $40K, and assets of $6K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Loop It Up Savannah:
Data Sources and Methodology
This transparency report for Loop It Up Savannah 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.