Souleader Resources
Souleader Resources operates with fluctuating revenues and expenses, consistently reporting no officer compensation.
EIN: 200272350 · Queen Creek, AZ · NTEE: X21 · Updated: 2026-03-28
Is Souleader Resources Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Souleader Resources directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Souleader Resources
Souleader Resources (EIN: 200272350) is a nonprofit organization based in Queen Creek, AZ, classified under NTEE code X21. The organization reported total revenue of $287K and total assets of $112K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Souleader Resources's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Souleader Resources is a small nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $175K |
| Total Expenses | $190K |
| Surplus / Deficit | $-15,165 |
| Total Assets | $45K |
| Total Liabilities | $33K |
| Net Assets | $12K |
| Operating Margin | -8.7% |
| Debt-to-Asset Ratio | 72.9% |
| Months of Reserves | 2.9 months |
Financial Health Grade: D
In 2023, Souleader Resources reported a deficit of $15K with expenses exceeding revenue, holds 2.9 months of operating reserves (limited), has a debt-to-asset ratio of 72.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Souleader Resources's revenue has grown at a compound annual growth rate (CAGR) of 0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.6% | -17.6% | -17.5% |
| 2022 | -11.1% | +9.9% | -35.3% |
| 2021 | +34.0% | +34.6% | +45.0% |
| 2020 | +22.5% | -6.5% | +25.9% |
| 2019 | -17.5% | -13.1% | -40.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2003 |
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 Souleader Resources 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: 85%
- fundraising: 5%
According to IRS 990 filings, Souleader Resources allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $15K, with expenses exceeding revenue.
- Debt-to-asset ratio: 72.9%.
Executive Compensation Analysis
Souleader Resources consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through non-officer channels, which is highly favorable for a nonprofit of its size.
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 Souleader Resources's IRS 990 filings:
- Recurring operational deficits in recent years (e.g., 202312, 202212, 201912)
- Significant decrease in assets from 2021 to 2023 without clear explanation in summary data
Strengths
The following positive indicators were identified for Souleader Resources:
- Consistent 0% officer compensation, indicating high efficiency in leadership costs
- Low liabilities relative to assets, suggesting financial stability
- Long history of IRS 990 filings, demonstrating transparency and compliance
- Fluctuating but generally stable revenue base over a decade
Frequently Asked Questions about Souleader Resources
Is Souleader Resources a legitimate charity?
Based on AI analysis of IRS 990 filings, Souleader Resources (EIN: 200272350) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Souleader Resources spend its money?
Souleader Resources directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Souleader Resources tax-deductible?
Souleader Resources is registered as a tax-exempt nonprofit (EIN: 200272350). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Souleader Resources cover its operational costs given the 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that key leadership roles may be filled by volunteers, or compensation is structured in a way that is not reported under 'officer compensation' on the 990, such as through contractor payments or other employee salaries. This practice significantly reduces administrative overhead.
What are the primary programs and services offered by Souleader Resources?
Based on the NTEE code X21 (Religious Organizations, Nec), Souleader Resources likely engages in various religious activities, services, or support programs. A detailed program description would require reviewing the full 990 forms or their website.
Why have assets decreased from $84,955 in 2021 to $45,314 in 2023?
The decrease in assets could be due to several factors, including using reserves to cover operational deficits (as seen in 2022 and 2023), investments in new programs or equipment that were expensed, or a reclassification of assets. Further detail would be needed from the full financial statements.
Filing History
IRS 990 filing history for Souleader Resources showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Souleader Resources's revenue has grown by 7.6%, moving from $162K to $175K. Total assets increased by 28.3% over the same period, from $35K to $45K. Total functional expenses rose by 22.8%, from $155K to $190K. In its most recent filing year (2023), Souleader Resources reported a deficit of $15K, with expenses exceeding revenue. The organization holds $33K in liabilities against $45K in assets (debt-to-asset ratio: 72.9%), resulting in net assets of $12K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $175K | $190K | $45K | $33K | — | — |
| 2022 | $198K | $230K | $55K | $27K | — | View 990 |
| 2021 | $222K | $210K | $85K | $25K | — | View 990 |
| 2020 | $166K | $156K | $59K | $11K | — | View 990 |
| 2019 | $135K | $167K | $47K | $9K | — | View 990 |
| 2018 | $164K | $192K | $78K | $10K | — | View 990 |
| 2017 | $293K | $241K | $109K | $13K | — | View 990 |
| 2016 | $250K | $240K | $59K | $16K | — | View 990 |
| 2015 | $212K | $216K | $56K | $22K | — | View 990 |
| 2014 | $201K | $196K | $46K | $8K | — | View 990 |
| 2013 | $154K | $154K | $41K | $8K | — | View 990 |
| 2012 | $138K | $140K | $36K | $3K | — | View 990 |
| 2011 | $162K | $155K | $35K | $686 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $175K, expenses of $190K, and assets of $45K (revenue -11.6% year-over-year).
- 2022: Revenue of $198K, expenses of $230K, and assets of $55K (revenue -11.1% year-over-year).
- 2021: Revenue of $222K, expenses of $210K, and assets of $85K (revenue +34.0% year-over-year).
- 2020: Revenue of $166K, expenses of $156K, and assets of $59K (revenue +22.5% year-over-year).
- 2019: Revenue of $135K, expenses of $167K, and assets of $47K (revenue -17.5% year-over-year).
- 2018: Revenue of $164K, expenses of $192K, and assets of $78K (revenue -43.9% year-over-year).
- 2017: Revenue of $293K, expenses of $241K, and assets of $109K (revenue +17.4% year-over-year).
- 2016: Revenue of $250K, expenses of $240K, and assets of $59K (revenue +17.5% year-over-year).
- 2015: Revenue of $212K, expenses of $216K, and assets of $56K (revenue +5.8% year-over-year).
- 2014: Revenue of $201K, expenses of $196K, and assets of $46K (revenue +30.4% year-over-year).
- 2013: Revenue of $154K, expenses of $154K, and assets of $41K (revenue +11.4% year-over-year).
- 2012: Revenue of $138K, expenses of $140K, and assets of $36K (revenue -14.9% year-over-year).
- 2011: Revenue of $162K, expenses of $155K, and assets of $35K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Souleader Resources:
Data Sources and Methodology
This transparency report for Souleader Resources 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.