Mane Solutions Inc
Mane Solutions Inc. shows consistent revenue and asset growth with zero executive compensation.
EIN: 205074395 · Anderson, SC · NTEE: P80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $43K |
| Total Expenses | $30K |
| Program Spending | 85% |
| Net Assets | $45K |
| Transparency Score | 90/100 |
Is Mane Solutions Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mane Solutions Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mane Solutions Inc
Mane Solutions Inc (EIN: 205074395) is a nonprofit organization based in Anderson, SC, classified under NTEE code P80. The organization reported total revenue of $43K and total assets of $44K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mane Solutions Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mane Solutions Inc is a micro nonprofit that has been operating for 16 years, with 15 years of IRS 990 filings on record (2010–2024). Revenue has grown at a compound annual rate of 25.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $38K |
| Total Expenses | $30K |
| Surplus / Deficit | +$8K |
| Total Assets | $45K |
| Net Assets | $45K |
| Operating Margin | 21.1% |
| Months of Reserves | 18.1 months |
Financial Health Grade: A
In 2024, Mane Solutions Inc reported a surplus of $8K with revenue exceeding expenses, holds 18.1 months of operating reserves (strong position).
Financial Trends
Over 15 years of filings (2010–2024), Mane Solutions Inc's revenue has grown at a compound annual growth rate (CAGR) of 25.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +55.0% | +109.7% | +16.3% |
| 2023 | +100.2% | +459.9% | +32.9% |
| 2022 | +1442.4% | +82.7% | +69.3% |
| 2021 | -85.7% | -59.1% | -3.4% |
| 2020 | -58.8% | -73.2% | +13.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mane Solutions Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Mane Solutions Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $8K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filing periods, indicating a volunteer-led organization or that all key personnel are unpaid, which is highly efficient for an organization of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Mane Solutions Inc:
- Consistent revenue growth, from $786 in 2021 to $37,632 in 2024.
- Strong asset growth, increasing from $1,477 in 2015 to $44,733 in 2024.
- Zero officer compensation reported across all 15 filings, indicating high efficiency and volunteer leadership.
- Very low to zero liabilities across all filing periods, demonstrating sound financial management.
- Positive net income in most recent periods (e.g., $37,632 revenue vs. $29,700 expenses in 2024).
Frequently Asked Questions about Mane Solutions Inc
Is Mane Solutions Inc a legitimate charity?
Mane Solutions Inc (EIN: 205074395) is a registered tax-exempt nonprofit based in South Carolina. Our AI analysis gives it a Mission Score of 90/100. It has 15 years of IRS 990 filings on record. Total revenue: $43K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Mane Solutions Inc spend its money?
Mane Solutions Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Mane Solutions Inc tax-deductible?
Mane Solutions Inc is registered as a tax-exempt nonprofit (EIN: 205074395). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mane Solutions Inc's spending goes to programs?
Mane Solutions Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mane Solutions Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Mane Solutions Inc is above average for NTEE category P80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mane Solutions Inc located?
Mane Solutions Inc is headquartered in Anderson, South Carolina and files with the IRS under EIN 205074395. It is classified under NTEE code P80.
How many years of IRS 990 filings does Mane Solutions Inc have?
Mane Solutions Inc has 15 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 $43K in total revenue.
Is Mane Solutions Inc. a good charity?
Based on the provided financial data, Mane Solutions Inc. appears to be a good charity. It demonstrates consistent growth in revenue and assets, maintains very low liabilities, and reports zero officer compensation, suggesting efficient use of funds and a strong commitment to its mission.
How has Mane Solutions Inc.'s financial health changed over time?
Mane Solutions Inc. has shown significant financial improvement. Revenue grew from $3,425 in 2015 to $37,632 in 2024, and assets increased from $1,477 to $44,733 over the same period, indicating strong growth and increasing financial stability.
Does Mane Solutions Inc. pay its executives?
No, Mane Solutions Inc. has consistently reported 0% officer compensation across all available IRS 990 filings, indicating that its leadership is unpaid.
What is the organization's approach to debt?
Mane Solutions Inc. maintains a very conservative approach to debt, with liabilities consistently reported as zero or very low (e.g., $1,665 in 2023) across all filing periods, suggesting strong financial management and minimal reliance on borrowed funds.
Filing History
IRS 990 filing history for Mane Solutions Inc showing financial trends over 15 years of public records:
Over 15 years of IRS 990 filings (2010–2024), Mane Solutions Inc's revenue has grown by 2172.5%, moving from $2K to $38K. Total assets increased by 4783.5% over the same period, from $916 to $45K. Total functional expenses rose by 3913.5%, from $740 to $30K. In its most recent filing year (2024), Mane Solutions Inc reported a surplus of $8K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $38K | $30K | $45K | $0 | — | — |
| 2023 | $24K | $14K | $38K | $2K | — | View 990 |
| 2022 | $12K | $3K | $29K | $2K | — | View 990 |
| 2021 | $786 | $1K | $17K | $0 | — | — |
| 2020 | $5K | $3K | $18K | $0 | — | — |
| 2019 | $13K | $13K | $16K | $0 | — | View 990 |
| 2018 | $15K | $12K | $15K | $0 | — | View 990 |
| 2017 | $9K | $3K | $12K | $0 | — | View 990 |
| 2016 | $8K | $3K | $6K | $0 | — | View 990 |
| 2015 | $3K | $2K | $1K | $0 | — | View 990 |
| 2014 | $2K | $1K | $263 | $0 | — | View 990 |
| 2013 | $3K | $7K | $2K | $0 | — | View 990 |
| 2012 | $12K | $7K | $5K | $0 | — | View 990 |
| 2011 | $12K | $7K | $5K | $0 | — | View 990 |
| 2010 | $2K | $740 | $916 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $38K, expenses of $30K, and assets of $45K (revenue +55.0% year-over-year).
- 2023: Revenue of $24K, expenses of $14K, and assets of $38K (revenue +100.2% year-over-year).
- 2022: Revenue of $12K, expenses of $3K, and assets of $29K (revenue +1442.4% year-over-year).
- 2021: Revenue of $786, expenses of $1K, and assets of $17K (revenue -85.7% year-over-year).
- 2020: Revenue of $5K, expenses of $3K, and assets of $18K (revenue -58.8% year-over-year).
- 2019: Revenue of $13K, expenses of $13K, and assets of $16K (revenue -12.2% year-over-year).
- 2018: Revenue of $15K, expenses of $12K, and assets of $15K (revenue +69.7% year-over-year).
- 2017: Revenue of $9K, expenses of $3K, and assets of $12K (revenue +18.8% year-over-year).
- 2016: Revenue of $8K, expenses of $3K, and assets of $6K (revenue +119.7% year-over-year).
- 2015: Revenue of $3K, expenses of $2K, and assets of $1K (revenue +115.0% year-over-year).
- 2014: Revenue of $2K, expenses of $1K, and assets of $263 (revenue -44.9% year-over-year).
- 2013: Revenue of $3K, expenses of $7K, and assets of $2K (revenue -75.8% year-over-year).
- 2012: Revenue of $12K, expenses of $7K, and assets of $5K (revenue +0.0% year-over-year).
- 2011: Revenue of $12K, expenses of $7K, and assets of $5K (revenue +621.2% year-over-year).
- 2010: Revenue of $2K, expenses of $740, and assets of $916.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mane Solutions Inc:
Data Sources and Methodology
This transparency report for Mane Solutions 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.