Salt Life Outreach Inc
EIN: 842889142 · Shady Spring, WV · NTEE: X21
| Metric | Value |
|---|---|
| Total Expenses | $104K |
| Net Assets | $19K |
Is Salt Life Outreach Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Salt Life Outreach Inc
Salt Life Outreach Inc (EIN: 842889142) is a nonprofit organization based in Shady Spring, WV, classified under NTEE code X21. 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 Salt Life Outreach Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Salt Life Outreach Inc is a small nonprofit that has been operating for 6 years, with 2 years of IRS 990 filings on record (2019–2020). Revenue has grown at a compound annual rate of 1370.2%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $126K |
| Total Expenses | $104K |
| Surplus / Deficit | +$22K |
| Total Assets | $44K |
| Total Liabilities | $25K |
| Net Assets | $19K |
| Operating Margin | 17.3% |
| Debt-to-Asset Ratio | 56.0% |
| Months of Reserves | 5.1 months |
Financial Health Grade: A
In 2020, Salt Life Outreach Inc reported a surplus of $22K with revenue exceeding expenses, holds 5.1 months of operating reserves (adequate), has a debt-to-asset ratio of 56.0% (high leverage).
Financial Trends
Over 2 years of filings (2019–2020), Salt Life Outreach Inc's revenue has grown at a compound annual growth rate (CAGR) of 1370.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | +1370.2% | +1181.5% | +9467.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Salt Life Outreach 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 Salt Life Outreach 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $22K, with revenue exceeding expenses.
- Debt-to-asset ratio: 56.0%.
Frequently Asked Questions about Salt Life Outreach Inc
Is Salt Life Outreach Inc a legitimate charity?
Salt Life Outreach Inc (EIN: 842889142) is a registered tax-exempt nonprofit based in West Virginia. It has 2 years of IRS 990 filings on record. No red flags identified. Financial health grade: A.
How does Salt Life Outreach Inc spend its money?
Salt Life Outreach Inc reported its financials in IRS 990 filings. 2 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Salt Life Outreach Inc tax-deductible?
Salt Life Outreach Inc is registered as a tax-exempt nonprofit (EIN: 842889142). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Salt Life Outreach Inc located?
Salt Life Outreach Inc is headquartered in Shady Spring, West Virginia and files with the IRS under EIN 842889142. It is classified under NTEE code X21.
How many years of IRS 990 filings does Salt Life Outreach Inc have?
Salt Life Outreach Inc has 2 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 Salt Life Outreach Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2019–2020), Salt Life Outreach Inc's revenue has grown by 1370.2%, moving from $9K to $126K. Total assets increased by 9467.8% over the same period, from $463 to $44K. Total functional expenses rose by 1181.5%, from $8K to $104K. In its most recent filing year (2020), Salt Life Outreach Inc reported a surplus of $22K, with revenue exceeding expenses. The organization holds $25K in liabilities against $44K in assets (debt-to-asset ratio: 56.0%), resulting in net assets of $19K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $126K | $104K | $44K | $25K | — | — |
| 2019 | $9K | $8K | $463 | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Salt Life Outreach Inc:
Data Sources and Methodology
This transparency report for Salt Life Outreach 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.