Palaver Strings Incorporated
EIN: 474914834 · Portland, ME · NTEE: A60
| Metric | Value |
|---|---|
| Total Revenue | $786K |
| Total Expenses | $599K |
| Net Assets | $100K |
Is Palaver Strings Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Palaver Strings Incorporated
Palaver Strings Incorporated (EIN: 474914834) is a nonprofit organization based in Portland, ME, classified under NTEE code A60. The organization reported total revenue of $786K and total assets of $110K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Palaver Strings Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Palaver Strings Incorporated is a small nonprofit that has been operating for 11 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 48.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $628K |
| Total Expenses | $599K |
| Surplus / Deficit | +$29K |
| Total Assets | $165K |
| Total Liabilities | $65K |
| Net Assets | $100K |
| Operating Margin | 4.7% |
| Debt-to-Asset Ratio | 39.5% |
| Months of Reserves | 3.3 months |
Financial Health Grade: A
In 2023, Palaver Strings Incorporated reported a surplus of $29K with revenue exceeding expenses, holds 3.3 months of operating reserves (adequate), has a debt-to-asset ratio of 39.5% (moderate leverage).
Financial Trends
Over 8 years of filings (2016–2023), Palaver Strings Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 48.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.4% | +16.2% | +133.8% |
| 2022 | +61.4% | +82.6% | -43.3% |
| 2021 | +20.3% | -6.0% | +95.5% |
| 2020 | +29.9% | +46.6% | +89.0% |
| 2019 | +41.8% | +31.0% | +1555.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Palaver Strings Incorporated 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 Palaver Strings Incorporated 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 $29K, with revenue exceeding expenses.
- Debt-to-asset ratio: 39.5%.
Frequently Asked Questions about Palaver Strings Incorporated
Is Palaver Strings Incorporated a legitimate charity?
Palaver Strings Incorporated (EIN: 474914834) is a registered tax-exempt nonprofit based in Maine. It has 8 years of IRS 990 filings on record. Total revenue: $786K. No red flags identified. Financial health grade: A.
How does Palaver Strings Incorporated spend its money?
Palaver Strings Incorporated reported $786K 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 Palaver Strings Incorporated tax-deductible?
Palaver Strings Incorporated is registered as a tax-exempt nonprofit (EIN: 474914834). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Palaver Strings Incorporated located?
Palaver Strings Incorporated is headquartered in Portland, Maine and files with the IRS under EIN 474914834. It is classified under NTEE code A60.
How many years of IRS 990 filings does Palaver Strings Incorporated have?
Palaver Strings Incorporated 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 $786K in total revenue.
Filing History
IRS 990 filing history for Palaver Strings Incorporated showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Palaver Strings Incorporated's revenue has grown by 1520.3%, moving from $39K to $628K. Total assets increased by 26915.4% over the same period, from $611 to $165K. Total functional expenses rose by 1402.3%, from $40K to $599K. In its most recent filing year (2023), Palaver Strings Incorporated reported a surplus of $29K, with revenue exceeding expenses. The organization holds $65K in liabilities against $165K in assets (debt-to-asset ratio: 39.5%), resulting in net assets of $100K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $628K | $599K | $165K | $65K | — | View 990 |
| 2022 | $549K | $515K | $71K | $0 | — | View 990 |
| 2021 | $340K | $282K | $125K | $72K | — | — |
| 2020 | $283K | $300K | $64K | $69K | — | View 990 |
| 2019 | $218K | $204K | $34K | $22K | — | View 990 |
| 2018 | $154K | $156K | $2K | $4K | — | View 990 |
| 2017 | $80K | $80K | $12K | $11K | — | View 990 |
| 2016 | $39K | $40K | $611 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $628K, expenses of $599K, and assets of $165K (revenue +14.4% year-over-year).
- 2022: Revenue of $549K, expenses of $515K, and assets of $71K (revenue +61.4% year-over-year).
- 2021: Revenue of $340K, expenses of $282K, and assets of $125K (revenue +20.3% year-over-year).
- 2020: Revenue of $283K, expenses of $300K, and assets of $64K (revenue +29.9% year-over-year).
- 2019: Revenue of $218K, expenses of $204K, and assets of $34K (revenue +41.8% year-over-year).
- 2018: Revenue of $154K, expenses of $156K, and assets of $2K (revenue +91.3% year-over-year).
- 2017: Revenue of $80K, expenses of $80K, and assets of $12K (revenue +107.2% year-over-year).
- 2016: Revenue of $39K, expenses of $40K, and assets of $611.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Palaver Strings Incorporated:
Data Sources and Methodology
This transparency report for Palaver Strings Incorporated 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.