Old School Social Center Inc
EIN: 462110632 · Bloomfield, IA
| Metric | Value |
|---|---|
| Total Expenses | $48K |
| Net Assets | $2K |
Is Old School Social Center Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Old School Social Center Inc
Old School Social Center Inc (EIN: 462110632) is a nonprofit organization based in Bloomfield, IA. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Old School Social Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Old School Social Center Inc is a micro nonprofit, with 3 years of IRS 990 filings on record (2013–2015). Revenue has grown at a compound annual rate of 53.0%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $50K |
| Total Expenses | $48K |
| Surplus / Deficit | +$2K |
| Total Assets | $61K |
| Total Liabilities | $59K |
| Net Assets | $2K |
| Operating Margin | 3.7% |
| Debt-to-Asset Ratio | 96.9% |
| Months of Reserves | 15.1 months |
Financial Health Grade: A
In 2015, Old School Social Center Inc reported a surplus of $2K with revenue exceeding expenses, holds 15.1 months of operating reserves (strong position), has a debt-to-asset ratio of 96.9% (high leverage).
Financial Trends
Over 3 years of filings (2013–2015), Old School Social Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 53.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | +44.6% | +43.1% | +1868.8% |
| 2014 | +61.9% | +26.7% | +307700.0% |
AI Analysis Pending
AI enrichment for Old School Social Center 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 Old School Social Center 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 (2015)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2K, with revenue exceeding expenses.
- Debt-to-asset ratio: 96.9%.
Frequently Asked Questions about Old School Social Center Inc
Is Old School Social Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Old School Social Center Inc (EIN: 462110632) insufficient data. 0 red flags identified, 0 strengths noted.
How does Old School Social Center Inc spend its money?
Detailed spending breakdown data is not yet available for Old School Social Center Inc. Check back for updated IRS 990 analysis.
Are donations to Old School Social Center Inc tax-deductible?
Old School Social Center Inc is registered as a tax-exempt nonprofit (EIN: 462110632). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Old School Social Center Inc located?
Old School Social Center Inc is headquartered in Bloomfield, Iowa and files with the IRS under EIN 462110632.
How many years of IRS 990 filings does Old School Social Center Inc have?
Old School Social Center Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Filing History
IRS 990 filing history for Old School Social Center Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2013–2015), Old School Social Center Inc's revenue has grown by 134.2%, moving from $21K to $50K. Total assets increased by 6059900% over the same period, from $1 to $61K. Total functional expenses rose by 81.3%, from $27K to $48K. In its most recent filing year (2015), Old School Social Center Inc reported a surplus of $2K, with revenue exceeding expenses. The organization holds $59K in liabilities against $61K in assets (debt-to-asset ratio: 96.9%), resulting in net assets of $2K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $50K | $48K | $61K | $59K | — | View 990 |
| 2014 | $35K | $34K | $3K | $2K | — | View 990 |
| 2013 | $21K | $27K | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $50K, expenses of $48K, and assets of $61K (revenue +44.6% year-over-year).
- 2014: Revenue of $35K, expenses of $34K, and assets of $3K (revenue +61.9% year-over-year).
- 2013: Revenue of $21K, expenses of $27K, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Old School Social Center Inc:
Data Sources and Methodology
This transparency report for Old School Social Center 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.