Note In The Pocket Inc
EIN: 462574332 · Raleigh, NC · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $4.3M |
| Total Expenses | $3.5M |
| Net Assets | $2.1M |
Is Note In The Pocket Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Note In The Pocket Inc
Note In The Pocket Inc (EIN: 462574332) is a nonprofit organization based in Raleigh, NC, classified under NTEE code P20. The organization reported total revenue of $4.3M and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Note In The Pocket Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Note In The Pocket Inc is a mid-size nonprofit that has been operating for 13 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 27.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.9M |
| Total Expenses | $3.5M |
| Surplus / Deficit | +$337K |
| Total Assets | $3.5M |
| Total Liabilities | $1.4M |
| Net Assets | $2.1M |
| Operating Margin | 8.7% |
| Debt-to-Asset Ratio | 40.4% |
| Months of Reserves | 12.0 months |
Financial Health Grade: A
In 2023, Note In The Pocket Inc reported a surplus of $337K with revenue exceeding expenses, holds 12.0 months of operating reserves (strong position), has a debt-to-asset ratio of 40.4% (moderate leverage).
Financial Trends
Over 11 years of filings (2013–2023), Note In The Pocket Inc's revenue has grown at a compound annual growth rate (CAGR) of 27.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.3% | +38.3% | +9.7% |
| 2022 | +79.6% | +39.6% | +120.7% |
| 2021 | +76.4% | +26.3% | +64.5% |
| 2020 | -3.3% | +12.5% | -8.8% |
| 2019 | +13.7% | +13.6% | +13.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Note In The Pocket 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 Note In The Pocket 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $337K, with revenue exceeding expenses.
- Debt-to-asset ratio: 40.4%.
Frequently Asked Questions about Note In The Pocket Inc
Is Note In The Pocket Inc a legitimate charity?
Note In The Pocket Inc (EIN: 462574332) is a registered tax-exempt nonprofit based in North Carolina. It has 11 years of IRS 990 filings on record. Total revenue: $4.3M. No red flags identified. Financial health grade: A.
How does Note In The Pocket Inc spend its money?
Note In The Pocket Inc reported $4.3M in total revenue in IRS 990 filings. 11 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Note In The Pocket Inc tax-deductible?
Note In The Pocket Inc is registered as a tax-exempt nonprofit (EIN: 462574332). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Note In The Pocket Inc located?
Note In The Pocket Inc is headquartered in Raleigh, North Carolina and files with the IRS under EIN 462574332. It is classified under NTEE code P20.
How many years of IRS 990 filings does Note In The Pocket Inc have?
Note In The Pocket Inc 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 $4.3M in total revenue.
Filing History
IRS 990 filing history for Note In The Pocket Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Note In The Pocket Inc's revenue has grown by 1004.7%, moving from $352K to $3.9M. Total assets increased by 2497.5% over the same period, from $137K to $3.5M. Total functional expenses rose by 1530.6%, from $217K to $3.5M. In its most recent filing year (2023), Note In The Pocket Inc reported a surplus of $337K, with revenue exceeding expenses. The organization holds $1.4M in liabilities against $3.5M in assets (debt-to-asset ratio: 40.4%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.9M | $3.5M | $3.5M | $1.4M | — | — |
| 2022 | $4.3M | $2.6M | $3.2M | $32K | — | View 990 |
| 2021 | $2.4M | $1.8M | $1.5M | $27K | — | View 990 |
| 2020 | $1.4M | $1.5M | $891K | $25K | — | — |
| 2019 | $1.4M | $1.3M | $977K | $21K | — | View 990 |
| 2018 | $1.2M | $1.1M | $859K | $22K | — | View 990 |
| 2017 | $1.1M | $715K | $750K | $30 | — | View 990 |
| 2016 | $946K | $939K | $397K | $3K | — | View 990 |
| 2015 | $770K | $605K | $387K | $1K | — | View 990 |
| 2014 | $510K | $424K | $227K | $6K | — | View 990 |
| 2013 | $352K | $217K | $137K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.9M, expenses of $3.5M, and assets of $3.5M (revenue -10.3% year-over-year).
- 2022: Revenue of $4.3M, expenses of $2.6M, and assets of $3.2M (revenue +79.6% year-over-year).
- 2021: Revenue of $2.4M, expenses of $1.8M, and assets of $1.5M (revenue +76.4% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.5M, and assets of $891K (revenue -3.3% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.3M, and assets of $977K (revenue +13.7% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.1M, and assets of $859K (revenue +15.9% year-over-year).
- 2017: Revenue of $1.1M, expenses of $715K, and assets of $750K (revenue +13.2% year-over-year).
- 2016: Revenue of $946K, expenses of $939K, and assets of $397K (revenue +22.9% year-over-year).
- 2015: Revenue of $770K, expenses of $605K, and assets of $387K (revenue +50.9% year-over-year).
- 2014: Revenue of $510K, expenses of $424K, and assets of $227K (revenue +45.1% year-over-year).
- 2013: Revenue of $352K, expenses of $217K, and assets of $137K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Note In The Pocket Inc:
Data Sources and Methodology
This transparency report for Note In The Pocket 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.