Samuel Ready Scholarships Inc
EIN: 520591460 · Riderwood, MD · NTEE: B82Z
| Metric | Value |
|---|---|
| Total Revenue | $2.9M |
| Total Expenses | $1.0M |
| Net Assets | $19.8M |
Is Samuel Ready Scholarships Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Samuel Ready Scholarships Inc
Samuel Ready Scholarships Inc (EIN: 520591460) is a nonprofit organization based in Riderwood, MD, classified under NTEE code B82Z. The organization reported total revenue of $2.9M and total assets of $23.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Samuel Ready Scholarships Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Samuel Ready Scholarships Inc is a mid-size nonprofit that has been operating for 91 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $935K |
| Total Expenses | $1.0M |
| Surplus / Deficit | $-82,748 |
| Total Assets | $19.8M |
| Total Liabilities | $744 |
| Net Assets | $19.8M |
| Operating Margin | -8.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 233.0 months |
Financial Health Grade: B
In 2023, Samuel Ready Scholarships Inc reported a deficit of $83K with expenses exceeding revenue, holds 233.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Samuel Ready Scholarships Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.0% | +2.3% | +7.3% |
| 2022 | -30.7% | +8.2% | -14.7% |
| 2021 | +113.4% | +7.7% | +22.9% |
| 2020 | -34.1% | +4.8% | -0.2% |
| 2019 | +2.6% | -1.7% | +3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1935 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Samuel Ready Scholarships 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 Samuel Ready Scholarships 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 $83K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Samuel Ready Scholarships Inc
Is Samuel Ready Scholarships Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Samuel Ready Scholarships Inc (EIN: 520591460) insufficient data. 0 red flags identified, 0 strengths noted.
How does Samuel Ready Scholarships Inc spend its money?
Detailed spending breakdown data is not yet available for Samuel Ready Scholarships Inc. Check back for updated IRS 990 analysis.
Are donations to Samuel Ready Scholarships Inc tax-deductible?
Samuel Ready Scholarships Inc is registered as a tax-exempt nonprofit (EIN: 520591460). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Samuel Ready Scholarships Inc located?
Samuel Ready Scholarships Inc is headquartered in Riderwood, Maryland and files with the IRS under EIN 520591460. It is classified under NTEE code B82Z.
How many years of IRS 990 filings does Samuel Ready Scholarships Inc have?
Samuel Ready Scholarships 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 $2.9M in total revenue.
Filing History
IRS 990 filing history for Samuel Ready Scholarships Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Samuel Ready Scholarships Inc's revenue has grown by 27.2%, moving from $735K to $935K. Total assets increased by 51.5% over the same period, from $13.0M to $19.8M. Total functional expenses rose by 41%, from $721K to $1.0M. In its most recent filing year (2023), Samuel Ready Scholarships Inc reported a deficit of $83K, with expenses exceeding revenue. The organization holds $744 in liabilities against $19.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $19.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $935K | $1.0M | $19.8M | $744 | — | — |
| 2022 | $944K | $995K | $18.4M | $6K | — | View 990 |
| 2021 | $1.4M | $919K | $21.6M | $5K | — | View 990 |
| 2020 | $639K | $854K | $17.5M | $13K | — | — |
| 2019 | $969K | $815K | $17.6M | $17K | — | View 990 |
| 2018 | $944K | $829K | $17.0M | $16K | — | View 990 |
| 2017 | $1.0M | $825K | $16.6M | $15K | — | View 990 |
| 2016 | $781K | $876K | $15.5M | $11K | — | View 990 |
| 2015 | $1.2M | $846K | $16.3M | $11K | — | View 990 |
| 2014 | $1.1M | $833K | $16.5M | $8K | — | View 990 |
| 2013 | $1.0M | $832K | $14.5M | $11K | — | View 990 |
| 2012 | $926K | $772K | $12.8M | $0 | — | View 990 |
| 2011 | $735K | $721K | $13.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $935K, expenses of $1.0M, and assets of $19.8M (revenue -1.0% year-over-year).
- 2022: Revenue of $944K, expenses of $995K, and assets of $18.4M (revenue -30.7% year-over-year).
- 2021: Revenue of $1.4M, expenses of $919K, and assets of $21.6M (revenue +113.4% year-over-year).
- 2020: Revenue of $639K, expenses of $854K, and assets of $17.5M (revenue -34.1% year-over-year).
- 2019: Revenue of $969K, expenses of $815K, and assets of $17.6M (revenue +2.6% year-over-year).
- 2018: Revenue of $944K, expenses of $829K, and assets of $17.0M (revenue -8.4% year-over-year).
- 2017: Revenue of $1.0M, expenses of $825K, and assets of $16.6M (revenue +32.0% year-over-year).
- 2016: Revenue of $781K, expenses of $876K, and assets of $15.5M (revenue -32.8% year-over-year).
- 2015: Revenue of $1.2M, expenses of $846K, and assets of $16.3M (revenue +9.1% year-over-year).
- 2014: Revenue of $1.1M, expenses of $833K, and assets of $16.5M (revenue +3.6% year-over-year).
- 2013: Revenue of $1.0M, expenses of $832K, and assets of $14.5M (revenue +11.0% year-over-year).
- 2012: Revenue of $926K, expenses of $772K, and assets of $12.8M (revenue +26.0% year-over-year).
- 2011: Revenue of $735K, expenses of $721K, and assets of $13.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Samuel Ready Scholarships Inc:
Data Sources and Methodology
This transparency report for Samuel Ready Scholarships 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.