Potosi Foundation Inc
EIN: 392000608 · Potosi, WI · NTEE: A50
| Metric | Value |
|---|---|
| Total Revenue | $540K |
| Total Expenses | $496K |
| Net Assets | $274K |
Is Potosi Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Potosi Foundation Inc
Potosi Foundation Inc (EIN: 392000608) is a nonprofit organization based in Potosi, WI, classified under NTEE code A50. The organization reported total revenue of $540K and total assets of $4.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Potosi Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Potosi Foundation Inc is a small nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $396K |
| Total Expenses | $496K |
| Surplus / Deficit | $-99,937 |
| Total Assets | $3.9M |
| Total Liabilities | $3.6M |
| Net Assets | $274K |
| Operating Margin | -25.2% |
| Debt-to-Asset Ratio | 92.9% |
| Months of Reserves | 94.0 months |
Financial Health Grade: C
In 2023, Potosi Foundation Inc reported a deficit of $100K with expenses exceeding revenue, holds 94.0 months of operating reserves (strong position), has a debt-to-asset ratio of 92.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Potosi Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.6% | +6.7% | +-0.0% |
| 2022 | -70.8% | +40.6% | +7.2% |
| 2021 | +1783.4% | +5.6% | +74.0% |
| 2020 | -54.7% | -7.9% | -6.9% |
| 2019 | -33.7% | +0.4% | -18.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Potosi Foundation 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 Potosi Foundation 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 deficit of $100K, with expenses exceeding revenue.
- Debt-to-asset ratio: 92.9%.
Frequently Asked Questions about Potosi Foundation Inc
Is Potosi Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Potosi Foundation Inc (EIN: 392000608) insufficient data. 0 red flags identified, 0 strengths noted.
How does Potosi Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Potosi Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Potosi Foundation Inc tax-deductible?
Potosi Foundation Inc is registered as a tax-exempt nonprofit (EIN: 392000608). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Potosi Foundation Inc located?
Potosi Foundation Inc is headquartered in Potosi, Wisconsin and files with the IRS under EIN 392000608. It is classified under NTEE code A50.
How many years of IRS 990 filings does Potosi Foundation Inc have?
Potosi Foundation Inc has 13 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 $540K in total revenue.
Filing History
IRS 990 filing history for Potosi Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Potosi Foundation Inc's revenue has grown by 91.5%, moving from $207K to $396K. Total assets decreased by 41.2% over the same period, from $6.6M to $3.9M. Total functional expenses rose by 13.7%, from $437K to $496K. In its most recent filing year (2023), Potosi Foundation Inc reported a deficit of $100K, with expenses exceeding revenue. The organization holds $3.6M in liabilities against $3.9M in assets (debt-to-asset ratio: 92.9%), resulting in net assets of $274K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $396K | $496K | $3.9M | $3.6M | — | — |
| 2022 | $369K | $465K | $3.9M | $3.8M | — | View 990 |
| 2021 | $1.3M | $331K | $3.6M | $3.6M | — | View 990 |
| 2020 | $67K | $314K | $2.1M | $3.7M | — | View 990 |
| 2019 | $148K | $340K | $2.2M | $3.6M | — | View 990 |
| 2018 | $223K | $339K | $2.7M | $3.6M | — | View 990 |
| 2017 | $177K | $331K | $3.4M | $3.6M | — | — |
| 2016 | $191K | $314K | $4.0M | $3.7M | — | View 990 |
| 2015 | $220K | $337K | $4.7M | $3.8M | — | View 990 |
| 2014 | $199K | $393K | $5.3M | $3.8M | — | View 990 |
| 2013 | $147K | $391K | $5.9M | $3.9M | — | View 990 |
| 2012 | $73K | $417K | $6.3M | $4.0M | — | View 990 |
| 2011 | $207K | $437K | $6.6M | $3.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $396K, expenses of $496K, and assets of $3.9M (revenue +7.6% year-over-year).
- 2022: Revenue of $369K, expenses of $465K, and assets of $3.9M (revenue -70.8% year-over-year).
- 2021: Revenue of $1.3M, expenses of $331K, and assets of $3.6M (revenue +1783.4% year-over-year).
- 2020: Revenue of $67K, expenses of $314K, and assets of $2.1M (revenue -54.7% year-over-year).
- 2019: Revenue of $148K, expenses of $340K, and assets of $2.2M (revenue -33.7% year-over-year).
- 2018: Revenue of $223K, expenses of $339K, and assets of $2.7M (revenue +25.7% year-over-year).
- 2017: Revenue of $177K, expenses of $331K, and assets of $3.4M (revenue -6.9% year-over-year).
- 2016: Revenue of $191K, expenses of $314K, and assets of $4.0M (revenue -13.5% year-over-year).
- 2015: Revenue of $220K, expenses of $337K, and assets of $4.7M (revenue +10.6% year-over-year).
- 2014: Revenue of $199K, expenses of $393K, and assets of $5.3M (revenue +35.3% year-over-year).
- 2013: Revenue of $147K, expenses of $391K, and assets of $5.9M (revenue +102.7% year-over-year).
- 2012: Revenue of $73K, expenses of $417K, and assets of $6.3M (revenue -64.9% year-over-year).
- 2011: Revenue of $207K, expenses of $437K, and assets of $6.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Potosi Foundation Inc:
Data Sources and Methodology
This transparency report for Potosi Foundation 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.