Silver Notes
Silver Notes operates on a minimal budget with no reported officer compensation.
EIN: 201513468 · Louisville, KY · NTEE: A6B · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2K |
| Total Expenses | $2K |
| Program Spending | 80% |
| Net Assets | $2K |
| Transparency Score | 75/100 |
Is Silver Notes Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Silver Notes directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Silver Notes
Silver Notes (EIN: 201513468) is a nonprofit organization based in Louisville, KY, classified under NTEE code A6B. The organization reported total revenue of $2K and total assets of $2K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Silver Notes's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Silver Notes is a micro nonprofit that has been operating for 3 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 63.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2K |
| Total Expenses | $2K |
| Surplus / Deficit | $-10 |
| Total Assets | $2K |
| Net Assets | $2K |
| Operating Margin | -0.5% |
| Months of Reserves | 14.0 months |
Financial Health Grade: B
In 2023, Silver Notes reported a deficit of $10 with expenses exceeding revenue, holds 14.0 months of operating reserves (strong position).
Financial Trends
Over 2 years of filings (2022–2023), Silver Notes's revenue has grown at a compound annual growth rate (CAGR) of 63.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +63.3% | +80.3% | -0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2023 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Silver Notes with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Silver Notes allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $10, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% in both 2022 and 2023, which is excellent for an organization of this size, indicating that all revenue is directed towards operations and programs rather than executive salaries.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Silver Notes's IRS 990 filings:
- Very low revenue base ($1,982 in 2023) limits potential impact and sustainability.
- Expenses ($1,992) slightly exceeded revenue ($1,982) in 2023, indicating a minor operating deficit.
Strengths
The following positive indicators were identified for Silver Notes:
- Zero reported officer compensation in both filing periods, indicating efficient use of funds.
- No reported liabilities in either filing period, suggesting good financial management at its current scale.
- Consistent filing of IRS 990 forms demonstrates transparency.
Frequently Asked Questions about Silver Notes
Is Silver Notes a legitimate charity?
Silver Notes (EIN: 201513468) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 75/100. It has 2 years of IRS 990 filings on record. Total revenue: $2K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Silver Notes spend its money?
Silver Notes directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Silver Notes tax-deductible?
Silver Notes is registered as a tax-exempt nonprofit (EIN: 201513468). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Silver Notes's spending goes to programs?
Silver Notes directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Silver Notes compare to similar nonprofits?
With a transparency score of 75/100 (Good), Silver Notes is above average for NTEE category A6B nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Silver Notes located?
Silver Notes is headquartered in Louisville, Kentucky and files with the IRS under EIN 201513468. It is classified under NTEE code A6B.
How many years of IRS 990 filings does Silver Notes have?
Silver Notes has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $2K in total revenue.
Is Silver Notes financially stable?
Silver Notes is operating on a very small budget, with 2023 expenses ($1,992) slightly exceeding revenue ($1,982). While it has minimal assets ($2,324) and no liabilities, its financial stability is currently limited by its small revenue base.
What is the primary focus of Silver Notes' spending?
Given the very small scale and zero officer compensation, it's reasonable to infer that the majority of Silver Notes' limited expenses are directed towards its programmatic activities, though specific program spending details are not available in the provided summary.
Filing History
IRS 990 filing history for Silver Notes showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Silver Notes's revenue has grown by 63.3%, moving from $1K to $2K. Total assets decreased by 0.4% over the same period, from $2K to $2K. Total functional expenses rose by 80.3%, from $1K to $2K. In its most recent filing year (2023), Silver Notes reported a deficit of $10, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2K | $2K | $2K | $0 | — | View 990 |
| 2022 | $1K | $1K | $2K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Silver Notes:
Data Sources and Methodology
This transparency report for Silver Notes 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.