Social Venture Partners Charlotte Inc
Social Venture Partners Charlotte Inc shows consistent revenue and growing assets with no reported officer compensation.
EIN: 202745238 · Charlotte, NC · NTEE: T50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $476K |
| Total Expenses | $348K |
| Program Spending | 80% |
| Net Assets | $384K |
| Transparency Score | 85/100 |
Is Social Venture Partners Charlotte Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Social Venture Partners Charlotte Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Social Venture Partners Charlotte Inc
Social Venture Partners Charlotte Inc (EIN: 202745238) is a nonprofit organization based in Charlotte, NC, classified under NTEE code T50. The organization reported total revenue of $476K and total assets of $440K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Social Venture Partners Charlotte Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Social Venture Partners Charlotte Inc is a small nonprofit that has been operating for 13 years, with 11 years of IRS 990 filings on record (2013–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $441K |
| Total Expenses | $348K |
| Surplus / Deficit | +$93K |
| Total Assets | $384K |
| Total Liabilities | $405 |
| Net Assets | $384K |
| Operating Margin | 21.0% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 13.2 months |
Financial Health Grade: A
In 2023, Social Venture Partners Charlotte Inc reported a surplus of $93K with revenue exceeding expenses, holds 13.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +58.6% | +52.3% | +31.5% |
| 2022 | -37.6% | -23.0% | +20.9% |
| 2021 | +6.6% | -20.2% | +91.9% |
| 2020 | -21.6% | -36.6% | +112.3% |
| 2019 | -8.6% | -9.3% | -40.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
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 Social Venture Partners Charlotte Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Social Venture Partners Charlotte Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. 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 surplus of $93K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, suggesting a volunteer-led organization or that compensation for key personnel is covered by other entities or not reported as officer compensation on the 990, which contributes to lower overhead.
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 Social Venture Partners Charlotte Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in summary data
- Significant liabilities in 2017-2018 ($234,957) without immediate explanation in summary
Strengths
The following positive indicators were identified for Social Venture Partners Charlotte Inc:
- Consistent positive net income in recent years (e.g., $92,689 in 2023)
- Growing net assets from $59,298 in 2019 to $384,148 in 2023
- Extremely low liabilities in recent years ($405 in 2023)
- 0% reported officer compensation across all filings, indicating efficient use of funds for leadership
- Consistent IRS 990 filing history (11 filings) demonstrating transparency
Frequently Asked Questions about Social Venture Partners Charlotte Inc
Is Social Venture Partners Charlotte Inc a legitimate charity?
Social Venture Partners Charlotte Inc (EIN: 202745238) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 85/100. It has 11 years of IRS 990 filings on record. Total revenue: $476K. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Social Venture Partners Charlotte Inc spend its money?
Social Venture Partners Charlotte Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Social Venture Partners Charlotte Inc tax-deductible?
Social Venture Partners Charlotte Inc is registered as a tax-exempt nonprofit (EIN: 202745238). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Social Venture Partners Charlotte Inc's spending goes to programs?
Social Venture Partners Charlotte Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Social Venture Partners Charlotte Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Social Venture Partners Charlotte Inc is above average for NTEE category T50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Social Venture Partners Charlotte Inc located?
Social Venture Partners Charlotte Inc is headquartered in Charlotte, North Carolina and files with the IRS under EIN 202745238. It is classified under NTEE code T50.
How many years of IRS 990 filings does Social Venture Partners Charlotte Inc have?
Social Venture Partners Charlotte Inc has 11 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 $476K in total revenue.
How does Social Venture Partners Charlotte Inc achieve 0% officer compensation?
The filings consistently report 0% officer compensation, which could indicate a volunteer-led model or that compensation for key personnel is covered by a related entity or through other means not categorized as officer compensation on the 990.
What is the specific breakdown of program vs. administrative expenses?
While the provided data shows total expenses, a detailed breakdown of program, administrative, and fundraising expenses is not available in this summary. Further analysis of the full 990 forms would be needed to determine these specific ratios.
What caused the significant increase in liabilities in 2017 and 2018?
Liabilities increased significantly to $234,957 in 2017 and 2018. A review of the full 990 forms for those years would be necessary to understand the nature and purpose of these liabilities, which have since been substantially reduced to $405 in 2023.
Filing History
IRS 990 filing history for Social Venture Partners Charlotte Inc showing financial trends over 11 years of public records:
Total assets increased by 38414700% over the same period, from $1 to $384K. In its most recent filing year (2023), Social Venture Partners Charlotte Inc reported a surplus of $93K, with revenue exceeding expenses. The organization holds $405 in liabilities against $384K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $384K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $441K | $348K | $384K | $405 | — | View 990 |
| 2022 | $278K | $229K | $292K | $1K | — | View 990 |
| 2021 | $445K | $297K | $242K | $-52 | — | View 990 |
| 2020 | $418K | $372K | $126K | $33K | — | View 990 |
| 2019 | $533K | $587K | $59K | $12K | — | View 990 |
| 2018 | $583K | $647K | $100K | $235K | — | View 990 |
| 2017 | $479K | $395K | $164K | $235K | — | View 990 |
| 2016 | $432K | $594K | $89K | $235K | — | View 990 |
| 2015 | $403K | $444K | $217K | $201K | — | View 990 |
| 2014 | $435K | $501K | $513K | $203K | — | View 990 |
| 2013 | $0 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $441K, expenses of $348K, and assets of $384K (revenue +58.6% year-over-year).
- 2022: Revenue of $278K, expenses of $229K, and assets of $292K (revenue -37.6% year-over-year).
- 2021: Revenue of $445K, expenses of $297K, and assets of $242K (revenue +6.6% year-over-year).
- 2020: Revenue of $418K, expenses of $372K, and assets of $126K (revenue -21.6% year-over-year).
- 2019: Revenue of $533K, expenses of $587K, and assets of $59K (revenue -8.6% year-over-year).
- 2018: Revenue of $583K, expenses of $647K, and assets of $100K (revenue +21.7% year-over-year).
- 2017: Revenue of $479K, expenses of $395K, and assets of $164K (revenue +10.8% year-over-year).
- 2016: Revenue of $432K, expenses of $594K, and assets of $89K (revenue +7.3% year-over-year).
- 2015: Revenue of $403K, expenses of $444K, and assets of $217K (revenue -7.3% year-over-year).
- 2014: Revenue of $435K, expenses of $501K, and assets of $513K.
- 2013: Revenue of $0, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Social Venture Partners Charlotte Inc:
Data Sources and Methodology
This transparency report for Social Venture Partners Charlotte 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.