Scholars Of Sustenance
EIN: 472368767 · Wilmington, NC · NTEE: K30
| Metric | Value |
|---|---|
| Total Revenue | $816K |
| Total Expenses | $3K |
| Net Assets | $87K |
Is Scholars Of Sustenance Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Scholars Of Sustenance
Scholars Of Sustenance (EIN: 472368767) is a nonprofit organization based in Wilmington, NC, classified under NTEE code K30. The organization reported total revenue of $816K and total assets of $435K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Scholars Of Sustenance's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Scholars Of Sustenance is a small nonprofit that has been operating for 11 years, with 9 years of IRS 990 filings on record (2014–2022). Revenue has grown at a compound annual rate of 1.6%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $212K |
| Total Expenses | $3K |
| Surplus / Deficit | +$209K |
| Total Assets | $349K |
| Total Liabilities | $262K |
| Net Assets | $87K |
| Operating Margin | 98.6% |
| Debt-to-Asset Ratio | 75.0% |
| Months of Reserves | 1407.2 months |
Financial Health Grade: A
In 2022, Scholars Of Sustenance reported a surplus of $209K with revenue exceeding expenses, holds 1407.2 months of operating reserves (strong position), has a debt-to-asset ratio of 75.0% (high leverage).
Financial Trends
Over 9 years of filings (2014–2022), Scholars Of Sustenance's revenue has grown at a compound annual growth rate (CAGR) of 1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -58.1% | -99.3% | +104.7% |
| 2021 | +186.4% | +16.3% | +58.1% |
| 2020 | -53.0% | -9.2% | +164.4% |
| 2019 | -42.6% | -27.0% | -57.4% |
| 2018 | +233.3% | +76.0% | +212.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Scholars Of Sustenance 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 Scholars Of Sustenance 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 surplus of $209K, with revenue exceeding expenses.
- Debt-to-asset ratio: 75.0%.
Frequently Asked Questions about Scholars Of Sustenance
Is Scholars Of Sustenance a legitimate charity?
Scholars Of Sustenance (EIN: 472368767) is a registered tax-exempt nonprofit based in North Carolina. It has 9 years of IRS 990 filings on record. Total revenue: $816K. No red flags identified. Financial health grade: A.
How does Scholars Of Sustenance spend its money?
Scholars Of Sustenance reported $816K in total revenue in IRS 990 filings. 9 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Scholars Of Sustenance tax-deductible?
Scholars Of Sustenance is registered as a tax-exempt nonprofit (EIN: 472368767). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Scholars Of Sustenance located?
Scholars Of Sustenance is headquartered in Wilmington, North Carolina and files with the IRS under EIN 472368767. It is classified under NTEE code K30.
How many years of IRS 990 filings does Scholars Of Sustenance have?
Scholars Of Sustenance has 9 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 $816K in total revenue.
Filing History
IRS 990 filing history for Scholars Of Sustenance showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2014–2022), Scholars Of Sustenance's revenue has grown by 13.9%, moving from $186K to $212K. Total assets increased by 91.1% over the same period, from $183K to $349K. Total functional expenses fell by 0.7%, from $3K to $3K. In its most recent filing year (2022), Scholars Of Sustenance reported a surplus of $209K, with revenue exceeding expenses. The organization holds $262K in liabilities against $349K in assets (debt-to-asset ratio: 75.0%), resulting in net assets of $87K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $212K | $3K | $349K | $262K | — | View 990 |
| 2021 | $505K | $454K | $171K | $292K | — | View 990 |
| 2020 | $176K | $390K | $108K | $280K | — | View 990 |
| 2019 | $375K | $430K | $41K | $0 | — | View 990 |
| 2018 | $654K | $589K | $96K | $0 | — | View 990 |
| 2017 | $196K | $334K | $31K | $0 | — | View 990 |
| 2016 | $192K | $243K | $177K | $8K | — | — |
| 2015 | $186K | $148K | $240K | $20K | — | View 990 |
| 2014 | $186K | $3K | $183K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $212K, expenses of $3K, and assets of $349K (revenue -58.1% year-over-year).
- 2021: Revenue of $505K, expenses of $454K, and assets of $171K (revenue +186.4% year-over-year).
- 2020: Revenue of $176K, expenses of $390K, and assets of $108K (revenue -53.0% year-over-year).
- 2019: Revenue of $375K, expenses of $430K, and assets of $41K (revenue -42.6% year-over-year).
- 2018: Revenue of $654K, expenses of $589K, and assets of $96K (revenue +233.3% year-over-year).
- 2017: Revenue of $196K, expenses of $334K, and assets of $31K (revenue +2.3% year-over-year).
- 2016: Revenue of $192K, expenses of $243K, and assets of $177K (revenue +3.2% year-over-year).
- 2015: Revenue of $186K, expenses of $148K, and assets of $240K (revenue +-0.0% year-over-year).
- 2014: Revenue of $186K, expenses of $3K, and assets of $183K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Scholars Of Sustenance:
Data Sources and Methodology
This transparency report for Scholars Of Sustenance 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.