Primeglobal Inc
EIN: 223471864 · Duluth, GA · NTEE: S40
| Metric | Value |
|---|---|
| Total Revenue | $4.8M |
| Total Expenses | $4.3M |
| Net Assets | $186K |
Is Primeglobal Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Primeglobal Inc
Primeglobal Inc (EIN: 223471864) is a nonprofit organization based in Duluth, GA, classified under NTEE code S40. The organization reported total revenue of $4.8M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Primeglobal Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Primeglobal Inc is a mid-size nonprofit that has been operating for 5 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 19.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.4M |
| Total Expenses | $4.3M |
| Surplus / Deficit | +$98K |
| Total Assets | $1.0M |
| Total Liabilities | $842K |
| Net Assets | $186K |
| Operating Margin | 2.2% |
| Debt-to-Asset Ratio | 81.9% |
| Months of Reserves | 2.9 months |
Financial Health Grade: B
In 2023, Primeglobal Inc reported a surplus of $98K with revenue exceeding expenses, holds 2.9 months of operating reserves (limited), has a debt-to-asset ratio of 81.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Primeglobal Inc's revenue has grown at a compound annual growth rate (CAGR) of 19.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.2% | +9.6% | +79.3% |
| 2022 | +6.1% | +18.8% | -4.9% |
| 2021 | +72.3% | +61.4% | +66.8% |
| 2020 | +11.4% | +32.2% | -21.2% |
| 2019 | -3.7% | -16.4% | +209.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Primeglobal 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 Primeglobal 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 $98K, with revenue exceeding expenses.
- Debt-to-asset ratio: 81.9%.
Frequently Asked Questions about Primeglobal Inc
Is Primeglobal Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Primeglobal Inc (EIN: 223471864) insufficient data. 0 red flags identified, 0 strengths noted.
How does Primeglobal Inc spend its money?
Detailed spending breakdown data is not yet available for Primeglobal Inc. Check back for updated IRS 990 analysis.
Are donations to Primeglobal Inc tax-deductible?
Primeglobal Inc is registered as a tax-exempt nonprofit (EIN: 223471864). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Primeglobal Inc located?
Primeglobal Inc is headquartered in Duluth, Georgia and files with the IRS under EIN 223471864. It is classified under NTEE code S40.
How many years of IRS 990 filings does Primeglobal Inc have?
Primeglobal 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 $4.8M in total revenue.
Filing History
IRS 990 filing history for Primeglobal Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Primeglobal Inc's revenue has grown by 722.6%, moving from $535K to $4.4M. Total assets increased by 307% over the same period, from $253K to $1.0M. Total functional expenses rose by 560.3%, from $652K to $4.3M. In its most recent filing year (2023), Primeglobal Inc reported a surplus of $98K, with revenue exceeding expenses. The organization holds $842K in liabilities against $1.0M in assets (debt-to-asset ratio: 81.9%), resulting in net assets of $186K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.4M | $4.3M | $1.0M | $842K | — | View 990 |
| 2022 | $3.7M | $3.9M | $573K | $483K | — | View 990 |
| 2021 | $3.5M | $3.3M | $603K | $245K | — | — |
| 2020 | $2.0M | $2.1M | $362K | $146K | — | View 990 |
| 2019 | $1.8M | $1.6M | $459K | $196K | — | View 990 |
| 2018 | $1.9M | $1.9M | $148K | $133K | — | View 990 |
| 2017 | $1.5M | $1.5M | $341K | $336K | — | View 990 |
| 2016 | $2.0M | $2.0M | $341K | $343K | — | — |
| 2015 | $2.1M | $2.2M | $298K | $298K | — | View 990 |
| 2014 | $969K | $907K | $360K | $274K | — | View 990 |
| 2013 | $1.4M | $1.4M | $489K | $456K | — | View 990 |
| 2012 | $1.5M | $1.6M | $484K | $463K | — | View 990 |
| 2011 | $535K | $652K | $253K | $251K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.4M, expenses of $4.3M, and assets of $1.0M (revenue +20.2% year-over-year).
- 2022: Revenue of $3.7M, expenses of $3.9M, and assets of $573K (revenue +6.1% year-over-year).
- 2021: Revenue of $3.5M, expenses of $3.3M, and assets of $603K (revenue +72.3% year-over-year).
- 2020: Revenue of $2.0M, expenses of $2.1M, and assets of $362K (revenue +11.4% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.6M, and assets of $459K (revenue -3.7% year-over-year).
- 2018: Revenue of $1.9M, expenses of $1.9M, and assets of $148K (revenue +24.6% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.5M, and assets of $341K (revenue -25.7% year-over-year).
- 2016: Revenue of $2.0M, expenses of $2.0M, and assets of $341K (revenue -5.1% year-over-year).
- 2015: Revenue of $2.1M, expenses of $2.2M, and assets of $298K (revenue +119.2% year-over-year).
- 2014: Revenue of $969K, expenses of $907K, and assets of $360K (revenue -31.8% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.4M, and assets of $489K (revenue -3.7% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.6M, and assets of $484K (revenue +175.4% year-over-year).
- 2011: Revenue of $535K, expenses of $652K, and assets of $253K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Primeglobal Inc:
Data Sources and Methodology
This transparency report for Primeglobal 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.