Sonic Automotive Family Emergency Fund
EIN: 454088424 · Charlotte, NC · NTEE: P60
| Metric | Value |
|---|---|
| Total Revenue | $206K |
| Total Expenses | $209K |
| Net Assets | $300K |
Is Sonic Automotive Family Emergency Fund Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sonic Automotive Family Emergency Fund
Sonic Automotive Family Emergency Fund (EIN: 454088424) is a nonprofit organization based in Charlotte, NC, classified under NTEE code P60. The organization reported total revenue of $206K and total assets of $141K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sonic Automotive Family Emergency Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sonic Automotive Family Emergency Fund is a small nonprofit that has been operating for 14 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $185K |
| Total Expenses | $209K |
| Surplus / Deficit | $-24,118 |
| Total Assets | $300K |
| Net Assets | $300K |
| Operating Margin | -13.0% |
| Months of Reserves | 17.2 months |
Financial Health Grade: B
In 2023, Sonic Automotive Family Emergency Fund reported a deficit of $24K with expenses exceeding revenue, holds 17.2 months of operating reserves (strong position).
Financial Trends
Over 10 years of filings (2014–2023), Sonic Automotive Family Emergency Fund's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.0% | -33.7% | -7.4% |
| 2022 | +0.3% | +90.3% | -26.7% |
| 2021 | -28.9% | +18.0% | +7.5% |
| 2020 | +8.3% | -20.7% | +49.2% |
| 2019 | +0.4% | +35.1% | +39.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sonic Automotive Family Emergency 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 Sonic Automotive Family Emergency 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 $24K, with expenses exceeding revenue.
Frequently Asked Questions about Sonic Automotive Family Emergency Fund
Is Sonic Automotive Family Emergency Fund a legitimate charity?
Sonic Automotive Family Emergency Fund (EIN: 454088424) is a registered tax-exempt nonprofit based in North Carolina. It has 10 years of IRS 990 filings on record. Total revenue: $206K. No red flags identified. Financial health grade: B.
How does Sonic Automotive Family Emergency Fund spend its money?
Sonic Automotive Family Emergency Fund reported $206K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Sonic Automotive Family Emergency Fund tax-deductible?
Sonic Automotive Family Emergency Fund is registered as a tax-exempt nonprofit (EIN: 454088424). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sonic Automotive Family Emergency Fund located?
Sonic Automotive Family Emergency Fund is headquartered in Charlotte, North Carolina and files with the IRS under EIN 454088424. It is classified under NTEE code P60.
How many years of IRS 990 filings does Sonic Automotive Family Emergency Fund have?
Sonic Automotive Family Emergency Fund has 10 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 $206K in total revenue.
Filing History
IRS 990 filing history for Sonic Automotive Family Emergency Fund showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Sonic Automotive Family Emergency Fund's revenue has grown by 39.2%, moving from $133K to $185K. Total assets increased by 322.4% over the same period, from $71K to $300K. Total functional expenses rose by 157.1%, from $81K to $209K. In its most recent filing year (2023), Sonic Automotive Family Emergency Fund reported a deficit of $24K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $185K | $209K | $300K | $0 | — | — |
| 2022 | $197K | $315K | $324K | $0 | — | View 990 |
| 2021 | $196K | $166K | $443K | $0 | — | View 990 |
| 2020 | $276K | $140K | $412K | $0 | — | View 990 |
| 2019 | $255K | $177K | $276K | $0 | — | View 990 |
| 2018 | $254K | $131K | $198K | $0 | — | View 990 |
| 2017 | $616K | $658K | $75K | $0 | — | View 990 |
| 2016 | $181K | $206K | $117K | $0 | — | View 990 |
| 2015 | $159K | $88K | $142K | $0 | — | View 990 |
| 2014 | $133K | $81K | $71K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $185K, expenses of $209K, and assets of $300K (revenue -6.0% year-over-year).
- 2022: Revenue of $197K, expenses of $315K, and assets of $324K (revenue +0.3% year-over-year).
- 2021: Revenue of $196K, expenses of $166K, and assets of $443K (revenue -28.9% year-over-year).
- 2020: Revenue of $276K, expenses of $140K, and assets of $412K (revenue +8.3% year-over-year).
- 2019: Revenue of $255K, expenses of $177K, and assets of $276K (revenue +0.4% year-over-year).
- 2018: Revenue of $254K, expenses of $131K, and assets of $198K (revenue -58.8% year-over-year).
- 2017: Revenue of $616K, expenses of $658K, and assets of $75K (revenue +240.5% year-over-year).
- 2016: Revenue of $181K, expenses of $206K, and assets of $117K (revenue +13.7% year-over-year).
- 2015: Revenue of $159K, expenses of $88K, and assets of $142K (revenue +19.6% year-over-year).
- 2014: Revenue of $133K, expenses of $81K, and assets of $71K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sonic Automotive Family Emergency Fund:
Data Sources and Methodology
This transparency report for Sonic Automotive Family Emergency 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.