Social Capital Fund
EIN: 474670143 · Providence, RI · NTEE: T19
| Metric | Value |
|---|---|
| Total Revenue | $789K |
| Total Expenses | $2.0M |
| Net Assets | $-6,821,849 |
Is Social Capital Fund Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Social Capital Fund
Social Capital Fund (EIN: 474670143) is a nonprofit organization based in Providence, RI, classified under NTEE code T19. The organization reported total revenue of $789K and total assets of $594K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Social Capital Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Social Capital Fund is a small nonprofit that has been operating for 11 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 36.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $985K |
| Total Expenses | $2.0M |
| Surplus / Deficit | $-965,818 |
| Total Assets | $1.9M |
| Total Liabilities | $8.8M |
| Net Assets | $-6,821,849 |
| Operating Margin | -98.1% |
| Debt-to-Asset Ratio | 450.6% |
| Months of Reserves | 12.0 months |
Financial Health Grade: C
In 2023, Social Capital Fund reported a deficit of $966K with expenses exceeding revenue, holds 12.0 months of operating reserves (strong position), has a debt-to-asset ratio of 450.6% (high leverage).
Financial Trends
Over 8 years of filings (2016–2023), Social Capital Fund's revenue has grown at a compound annual growth rate (CAGR) of 36.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +70.4% | -34.6% | -31.1% |
| 2022 | +6.2% | +213.4% | -32.2% |
| 2021 | +10.0% | +103.9% | +34.9% |
| 2020 | +41.6% | -72.0% | +368.3% |
| 2019 | +59.5% | +37.7% | -9.3% |
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 Social Capital Fund 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 Social Capital Fund 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 $966K, with expenses exceeding revenue.
- Debt-to-asset ratio: 450.6%.
Frequently Asked Questions about Social Capital Fund
Is Social Capital Fund a legitimate charity?
Social Capital Fund (EIN: 474670143) is a registered tax-exempt nonprofit based in Rhode Island. It has 8 years of IRS 990 filings on record. Total revenue: $789K. No red flags identified. Financial health grade: C.
How does Social Capital Fund spend its money?
Social Capital Fund reported $789K in total revenue in IRS 990 filings. 8 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Social Capital Fund tax-deductible?
Social Capital Fund is registered as a tax-exempt nonprofit (EIN: 474670143). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Social Capital Fund located?
Social Capital Fund is headquartered in Providence, Rhode Island and files with the IRS under EIN 474670143. It is classified under NTEE code T19.
How many years of IRS 990 filings does Social Capital Fund have?
Social Capital Fund has 8 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 $789K in total revenue.
Filing History
IRS 990 filing history for Social Capital Fund showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Social Capital Fund's revenue has grown by 763.8%, moving from $114K to $985K. Total assets increased by 6547.3% over the same period, from $29K to $1.9M. Total functional expenses rose by 197.9%, from $655K to $2.0M. In its most recent filing year (2023), Social Capital Fund reported a deficit of $966K, with expenses exceeding revenue. The organization holds $8.8M in liabilities against $1.9M in assets (debt-to-asset ratio: 450.6%), resulting in net assets of $-6,821,849.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $985K | $2.0M | $1.9M | $8.8M | — | — |
| 2022 | $578K | $3.0M | $2.8M | $8.7M | — | View 990 |
| 2021 | $544K | $951K | $4.2M | $7.6M | — | View 990 |
| 2020 | $495K | $467K | $3.1M | $6.1M | — | View 990 |
| 2019 | $349K | $1.7M | $660K | $3.7M | — | View 990 |
| 2018 | $219K | $1.2M | $728K | $2.5M | — | View 990 |
| 2017 | $230K | $422K | $26K | $792K | — | View 990 |
| 2016 | $114K | $655K | $29K | $604K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $985K, expenses of $2.0M, and assets of $1.9M (revenue +70.4% year-over-year).
- 2022: Revenue of $578K, expenses of $3.0M, and assets of $2.8M (revenue +6.2% year-over-year).
- 2021: Revenue of $544K, expenses of $951K, and assets of $4.2M (revenue +10.0% year-over-year).
- 2020: Revenue of $495K, expenses of $467K, and assets of $3.1M (revenue +41.6% year-over-year).
- 2019: Revenue of $349K, expenses of $1.7M, and assets of $660K (revenue +59.5% year-over-year).
- 2018: Revenue of $219K, expenses of $1.2M, and assets of $728K (revenue -4.7% year-over-year).
- 2017: Revenue of $230K, expenses of $422K, and assets of $26K (revenue +101.5% year-over-year).
- 2016: Revenue of $114K, expenses of $655K, and assets of $29K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Social Capital Fund:
Data Sources and Methodology
This transparency report for Social Capital Fund 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.