Palmetto Waterworks Inc
EIN: 721482984 · Doyline, LA · NTEE: Y22
| Metric | Value |
|---|---|
| Total Revenue | $59K |
| Total Expenses | $92K |
| Net Assets | $210K |
Is Palmetto Waterworks Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Palmetto Waterworks Inc
Palmetto Waterworks Inc (EIN: 721482984) is a nonprofit organization based in Doyline, LA, classified under NTEE code Y22. The organization reported total revenue of $59K and total assets of $489K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Palmetto Waterworks Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Palmetto Waterworks Inc is a micro nonprofit that has been operating for 25 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 1.9%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $62K |
| Total Expenses | $92K |
| Surplus / Deficit | $-30,784 |
| Total Assets | $525K |
| Total Liabilities | $315K |
| Net Assets | $210K |
| Operating Margin | -50.0% |
| Debt-to-Asset Ratio | 60.1% |
| Months of Reserves | 68.2 months |
Financial Health Grade: C
In 2022, Palmetto Waterworks Inc reported a deficit of $31K with expenses exceeding revenue, holds 68.2 months of operating reserves (strong position), has a debt-to-asset ratio of 60.1% (high leverage).
Financial Trends
Over 12 years of filings (2011–2022), Palmetto Waterworks Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -36.2% | +16.9% | -6.4% |
| 2021 | +57.0% | -3.8% | +2.7% |
| 2020 | -70.7% | +17.7% | -4.2% |
| 2019 | +146.0% | +12.0% | +30.6% |
| 2018 | +31.5% | -40.4% | +179.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Palmetto Waterworks 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 Palmetto Waterworks 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $31K, with expenses exceeding revenue.
- Debt-to-asset ratio: 60.1%.
Frequently Asked Questions about Palmetto Waterworks Inc
Is Palmetto Waterworks Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Palmetto Waterworks Inc (EIN: 721482984) insufficient data. 0 red flags identified, 0 strengths noted.
How does Palmetto Waterworks Inc spend its money?
Detailed spending breakdown data is not yet available for Palmetto Waterworks Inc. Check back for updated IRS 990 analysis.
Are donations to Palmetto Waterworks Inc tax-deductible?
Palmetto Waterworks Inc is registered as a tax-exempt nonprofit (EIN: 721482984). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Palmetto Waterworks Inc located?
Palmetto Waterworks Inc is headquartered in Doyline, Louisiana and files with the IRS under EIN 721482984. It is classified under NTEE code Y22.
How many years of IRS 990 filings does Palmetto Waterworks Inc have?
Palmetto Waterworks 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 $59K in total revenue.
Filing History
IRS 990 filing history for Palmetto Waterworks Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Palmetto Waterworks Inc's revenue has grown by 23.2%, moving from $50K to $62K. Total assets increased by 399.2% over the same period, from $105K to $525K. Total functional expenses rose by 156.6%, from $36K to $92K. In its most recent filing year (2022), Palmetto Waterworks Inc reported a deficit of $31K, with expenses exceeding revenue. The organization holds $315K in liabilities against $525K in assets (debt-to-asset ratio: 60.1%), resulting in net assets of $210K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $62K | $92K | $525K | $315K | — | View 990 |
| 2021 | $96K | $79K | $561K | $320K | — | — |
| 2020 | $61K | $82K | $546K | $323K | — | — |
| 2019 | $210K | $70K | $570K | $327K | — | — |
| 2018 | $85K | $62K | $436K | $333K | — | View 990 |
| 2017 | $65K | $104K | $156K | $76K | — | View 990 |
| 2016 | $42K | $42K | $128K | $8K | — | View 990 |
| 2015 | $46K | $40K | $128K | $8K | — | View 990 |
| 2014 | $45K | $43K | $121K | $7K | — | View 990 |
| 2013 | $45K | $39K | $119K | $8K | — | View 990 |
| 2012 | $52K | $40K | $121K | $12K | — | View 990 |
| 2011 | $50K | $36K | $105K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $62K, expenses of $92K, and assets of $525K (revenue -36.2% year-over-year).
- 2021: Revenue of $96K, expenses of $79K, and assets of $561K (revenue +57.0% year-over-year).
- 2020: Revenue of $61K, expenses of $82K, and assets of $546K (revenue -70.7% year-over-year).
- 2019: Revenue of $210K, expenses of $70K, and assets of $570K (revenue +146.0% year-over-year).
- 2018: Revenue of $85K, expenses of $62K, and assets of $436K (revenue +31.5% year-over-year).
- 2017: Revenue of $65K, expenses of $104K, and assets of $156K (revenue +54.0% year-over-year).
- 2016: Revenue of $42K, expenses of $42K, and assets of $128K (revenue -9.4% year-over-year).
- 2015: Revenue of $46K, expenses of $40K, and assets of $128K (revenue +2.7% year-over-year).
- 2014: Revenue of $45K, expenses of $43K, and assets of $121K (revenue +0.7% year-over-year).
- 2013: Revenue of $45K, expenses of $39K, and assets of $119K (revenue -14.0% year-over-year).
- 2012: Revenue of $52K, expenses of $40K, and assets of $121K (revenue +4.5% year-over-year).
- 2011: Revenue of $50K, expenses of $36K, and assets of $105K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Palmetto Waterworks Inc:
Data Sources and Methodology
This transparency report for Palmetto Waterworks 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.