Salvage Assurance 3 23 Inc
EIN: 464233797 · Cullman, AL · NTEE: W99
| Metric | Value |
|---|---|
| Total Revenue | $2K |
| Total Expenses | $2K |
| Net Assets | $317 |
Is Salvage Assurance 3 23 Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Salvage Assurance 3 23 Inc
Salvage Assurance 3 23 Inc (EIN: 464233797) is a nonprofit organization based in Cullman, AL, classified under NTEE code W99. The organization reported total revenue of $2K and total assets of $318 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Salvage Assurance 3 23 Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Salvage Assurance 3 23 Inc is a micro nonprofit that has been operating for 10 years, with 6 years of IRS 990 filings on record (2014–2022). Revenue has grown at a compound annual rate of -3.8%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $2K |
| Total Expenses | $2K |
| Surplus / Deficit | $-312 |
| Total Assets | $318 |
| Total Liabilities | $1 |
| Net Assets | $317 |
| Operating Margin | -15.6% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 1.7 months |
Financial Health Grade: C
In 2022, Salvage Assurance 3 23 Inc reported a deficit of $312 with expenses exceeding revenue, holds 1.7 months of operating reserves (limited), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 6 years of filings (2014–2022), Salvage Assurance 3 23 Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -13.0% | +0.4% | -49.5% |
| 2021 | +8.3% | +56.6% | -0.5% |
| 2020 | +41.5% | -8.4% | +63200.0% |
| 2019 | -46.4% | -55.1% | -98.7% |
| 2015 | +2.6% | +18.5% | -90.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1270 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Salvage Assurance 3 23 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 Salvage Assurance 3 23 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 $312, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.3%.
Frequently Asked Questions about Salvage Assurance 3 23 Inc
Is Salvage Assurance 3 23 Inc a legitimate charity?
Salvage Assurance 3 23 Inc (EIN: 464233797) is a registered tax-exempt nonprofit based in Alabama. It has 6 years of IRS 990 filings on record. Total revenue: $2K. No red flags identified. Financial health grade: C.
How does Salvage Assurance 3 23 Inc spend its money?
Salvage Assurance 3 23 Inc reported $2K in total revenue in IRS 990 filings. 6 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Salvage Assurance 3 23 Inc tax-deductible?
Salvage Assurance 3 23 Inc is registered as a tax-exempt nonprofit (EIN: 464233797). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Salvage Assurance 3 23 Inc located?
Salvage Assurance 3 23 Inc is headquartered in Cullman, Alabama and files with the IRS under EIN 464233797. It is classified under NTEE code W99.
How many years of IRS 990 filings does Salvage Assurance 3 23 Inc have?
Salvage Assurance 3 23 Inc has 6 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 $2K in total revenue.
Filing History
IRS 990 filing history for Salvage Assurance 3 23 Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2014–2022), Salvage Assurance 3 23 Inc's revenue has declined by 26.7%, moving from $3K to $2K. Total assets decreased by 62.6% over the same period, from $851 to $318. Total functional expenses fell by 23.3%, from $3K to $2K. In its most recent filing year (2022), Salvage Assurance 3 23 Inc reported a deficit of $312, with expenses exceeding revenue. The organization holds $1 in liabilities against $318 in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $317.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $2K | $2K | $318 | $1 | — | View 990 |
| 2021 | $2K | $2K | $630 | $1 | — | View 990 |
| 2020 | $2K | $1K | $633 | $1 | — | — |
| 2019 | $2K | $2K | $1 | $19 | — | View 990 |
| 2015 | $3K | $4K | $78 | $0 | — | View 990 |
| 2014 | $3K | $3K | $851 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $2K, expenses of $2K, and assets of $318 (revenue -13.0% year-over-year).
- 2021: Revenue of $2K, expenses of $2K, and assets of $630 (revenue +8.3% year-over-year).
- 2020: Revenue of $2K, expenses of $1K, and assets of $633 (revenue +41.5% year-over-year).
- 2019: Revenue of $2K, expenses of $2K, and assets of $1 (revenue -46.4% year-over-year).
- 2015: Revenue of $3K, expenses of $4K, and assets of $78 (revenue +2.6% year-over-year).
- 2014: Revenue of $3K, expenses of $3K, and assets of $851.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Salvage Assurance 3 23 Inc:
Data Sources and Methodology
This transparency report for Salvage Assurance 3 23 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.