Souls Grown Deep Foundation Inc
EIN: 272457990 · Atlanta, GA · NTEE: A20
| Metric | Value |
|---|---|
| Total Revenue | $2.4M |
| Total Expenses | $1.1M |
| Net Assets | $3.8M |
Is Souls Grown Deep Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Souls Grown Deep Foundation Inc
Souls Grown Deep Foundation Inc (EIN: 272457990) is a nonprofit organization based in Atlanta, GA, classified under NTEE code A20. The organization reported total revenue of $2.4M and total assets of $4.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Souls Grown Deep Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Souls Grown Deep Foundation Inc is a mid-size nonprofit that has been operating for 5 years, with 13 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 81.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $602K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-486,112 |
| Total Assets | $3.9M |
| Total Liabilities | $109K |
| Net Assets | $3.8M |
| Operating Margin | -80.8% |
| Debt-to-Asset Ratio | 2.8% |
| Months of Reserves | 42.6 months |
Financial Health Grade: B
In 2023, Souls Grown Deep Foundation Inc reported a deficit of $486K with expenses exceeding revenue, holds 42.6 months of operating reserves (strong position), has a debt-to-asset ratio of 2.8% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2023), Souls Grown Deep Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 81.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -69.4% | +21.3% | -6.6% |
| 2022 | -20.6% | +11.6% | +28.9% |
| 2021 | +113.9% | -24.3% | +115.6% |
| 2020 | -33.4% | +5.0% | +7.0% |
| 2019 | +29.0% | +24.0% | +109.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Souls Grown Deep Foundation Inc 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 Souls Grown Deep Foundation Inc 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 $486K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.8%.
Frequently Asked Questions about Souls Grown Deep Foundation Inc
Is Souls Grown Deep Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Souls Grown Deep Foundation Inc (EIN: 272457990) insufficient data. 0 red flags identified, 0 strengths noted.
How does Souls Grown Deep Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Souls Grown Deep Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Souls Grown Deep Foundation Inc tax-deductible?
Souls Grown Deep Foundation Inc is registered as a tax-exempt nonprofit (EIN: 272457990). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Souls Grown Deep Foundation Inc located?
Souls Grown Deep Foundation Inc is headquartered in Atlanta, Georgia and files with the IRS under EIN 272457990. It is classified under NTEE code A20.
How many years of IRS 990 filings does Souls Grown Deep Foundation Inc have?
Souls Grown Deep Foundation Inc has 13 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 $2.4M in total revenue.
Filing History
IRS 990 filing history for Souls Grown Deep Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2023), Souls Grown Deep Foundation Inc's revenue has grown by 70717.5%, moving from $850 to $602K. Total assets increased by 285.8% over the same period, from $1.0M to $3.9M. Total functional expenses rose by 40819.9%, from $3K to $1.1M. In its most recent filing year (2023), Souls Grown Deep Foundation Inc reported a deficit of $486K, with expenses exceeding revenue. The organization holds $109K in liabilities against $3.9M in assets (debt-to-asset ratio: 2.8%), resulting in net assets of $3.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $602K | $1.1M | $3.9M | $109K | — | — |
| 2022 | $2.0M | $897K | $4.1M | $77K | — | View 990 |
| 2021 | $2.5M | $804K | $3.2M | $25K | — | View 990 |
| 2020 | $1.2M | $1.1M | $1.5M | $15K | — | View 990 |
| 2019 | $1.7M | $1.0M | $1.4M | $0 | — | View 990 |
| 2018 | $1.3M | $816K | $663K | $0 | — | View 990 |
| 2017 | $750K | $494K | $153K | $15K | — | View 990 |
| 2017 | $36K | $166K | $290K | $409K | — | View 990 |
| 2016 | $235K | $211K | $12K | $0 | — | View 990 |
| 2015 | $195K | $265K | $388 | $12K | — | View 990 |
| 2014 | $154K | $98K | $58K | $129 | — | View 990 |
| 2013 | $5K | $3K | $3K | $0 | — | View 990 |
| 2012 | $850 | $3K | $1.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $602K, expenses of $1.1M, and assets of $3.9M (revenue -69.4% year-over-year).
- 2022: Revenue of $2.0M, expenses of $897K, and assets of $4.1M (revenue -20.6% year-over-year).
- 2021: Revenue of $2.5M, expenses of $804K, and assets of $3.2M (revenue +113.9% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.1M, and assets of $1.5M (revenue -33.4% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.0M, and assets of $1.4M (revenue +29.0% year-over-year).
- 2018: Revenue of $1.3M, expenses of $816K, and assets of $663K (revenue +79.5% year-over-year).
- 2017: Revenue of $750K, expenses of $494K, and assets of $153K (revenue +2011.7% year-over-year).
- 2017: Revenue of $36K, expenses of $166K, and assets of $290K (revenue -84.9% year-over-year).
- 2016: Revenue of $235K, expenses of $211K, and assets of $12K (revenue +20.5% year-over-year).
- 2015: Revenue of $195K, expenses of $265K, and assets of $388 (revenue +26.9% year-over-year).
- 2014: Revenue of $154K, expenses of $98K, and assets of $58K (revenue +2772.0% year-over-year).
- 2013: Revenue of $5K, expenses of $3K, and assets of $3K (revenue +529.4% year-over-year).
- 2012: Revenue of $850, expenses of $3K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Souls Grown Deep Foundation Inc:
Data Sources and Methodology
This transparency report for Souls Grown Deep Foundation 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.