Motown Soup Inc
EIN: 460704287 · Utica, MI · NTEE: T30
| Metric | Value |
|---|---|
| Total Revenue | $430K |
| Total Expenses | $28K |
| Net Assets | $306K |
Is Motown Soup Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Motown Soup Inc
Motown Soup Inc (EIN: 460704287) is a nonprofit organization based in Utica, MI, classified under NTEE code T30. The organization reported total revenue of $430K and total assets of $405K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Motown Soup Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Motown Soup Inc is a small nonprofit that has been operating for 12 years, with 12 years of IRS 990 filings on record (2013–2024). Revenue has grown at a compound annual rate of 12.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $234K |
| Total Expenses | $28K |
| Surplus / Deficit | +$206K |
| Total Assets | $308K |
| Total Liabilities | $1K |
| Net Assets | $306K |
| Operating Margin | 88.0% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 131.7 months |
Financial Health Grade: A
In 2024, Motown Soup Inc reported a surplus of $206K with revenue exceeding expenses, holds 131.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 12 years of filings (2013–2024), Motown Soup Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -9.3% | -89.0% | +193.8% |
| 2023 | +3.6% | +0.5% | +6.4% |
| 2022 | +31.3% | +31.0% | -4.0% |
| 2021 | -23.2% | -14.5% | -2.9% |
| 2020 | +5.6% | +3.7% | +25.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Motown Soup 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 Motown Soup 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $206K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.4%.
Frequently Asked Questions about Motown Soup Inc
Is Motown Soup Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Motown Soup Inc (EIN: 460704287) insufficient data. 0 red flags identified, 0 strengths noted.
How does Motown Soup Inc spend its money?
Detailed spending breakdown data is not yet available for Motown Soup Inc. Check back for updated IRS 990 analysis.
Are donations to Motown Soup Inc tax-deductible?
Motown Soup Inc is registered as a tax-exempt nonprofit (EIN: 460704287). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Motown Soup Inc located?
Motown Soup Inc is headquartered in Utica, Michigan and files with the IRS under EIN 460704287. It is classified under NTEE code T30.
How many years of IRS 990 filings does Motown Soup Inc have?
Motown Soup Inc has 12 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 $430K in total revenue.
Filing History
IRS 990 filing history for Motown Soup Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2013–2024), Motown Soup Inc's revenue has grown by 279.1%, moving from $62K to $234K. Total assets increased by 2456.2% over the same period, from $12K to $308K. Total functional expenses fell by 60%, from $70K to $28K. In its most recent filing year (2024), Motown Soup Inc reported a surplus of $206K, with revenue exceeding expenses. The organization holds $1K in liabilities against $308K in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $306K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $234K | $28K | $308K | $1K | — | — |
| 2023 | $258K | $254K | $105K | $4K | — | View 990 |
| 2022 | $249K | $253K | $98K | $2K | — | View 990 |
| 2021 | $190K | $193K | $102K | $2K | — | — |
| 2020 | $247K | $226K | $106K | $1K | — | View 990 |
| 2019 | $234K | $218K | $84K | $923 | — | View 990 |
| 2018 | $174K | $184K | $71K | $4K | — | — |
| 2017 | $164K | $169K | $80K | $3K | — | View 990 |
| 2016 | $153K | $159K | $83K | $1K | — | View 990 |
| 2015 | $158K | $120K | $90K | $2K | — | View 990 |
| 2014 | $114K | $77K | $50K | $513 | — | View 990 |
| 2013 | $62K | $70K | $12K | $225 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $234K, expenses of $28K, and assets of $308K (revenue -9.3% year-over-year).
- 2023: Revenue of $258K, expenses of $254K, and assets of $105K (revenue +3.6% year-over-year).
- 2022: Revenue of $249K, expenses of $253K, and assets of $98K (revenue +31.3% year-over-year).
- 2021: Revenue of $190K, expenses of $193K, and assets of $102K (revenue -23.2% year-over-year).
- 2020: Revenue of $247K, expenses of $226K, and assets of $106K (revenue +5.6% year-over-year).
- 2019: Revenue of $234K, expenses of $218K, and assets of $84K (revenue +34.4% year-over-year).
- 2018: Revenue of $174K, expenses of $184K, and assets of $71K (revenue +5.9% year-over-year).
- 2017: Revenue of $164K, expenses of $169K, and assets of $80K (revenue +7.5% year-over-year).
- 2016: Revenue of $153K, expenses of $159K, and assets of $83K (revenue -3.6% year-over-year).
- 2015: Revenue of $158K, expenses of $120K, and assets of $90K (revenue +38.6% year-over-year).
- 2014: Revenue of $114K, expenses of $77K, and assets of $50K (revenue +85.5% year-over-year).
- 2013: Revenue of $62K, expenses of $70K, and assets of $12K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Motown Soup Inc:
Data Sources and Methodology
This transparency report for Motown Soup 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.