South Bronx United Inc
EIN: 264064041 · Bronx, NY · NTEE: N64
| Metric | Value |
|---|---|
| Total Revenue | $4.4M |
| Total Expenses | $2.1M |
| Net Assets | $1.2M |
Is South Bronx United Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About South Bronx United Inc
South Bronx United Inc (EIN: 264064041) is a nonprofit organization based in Bronx, NY, classified under NTEE code N64. The organization reported total revenue of $4.4M and total assets of $4.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of South Bronx United Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
South Bronx United Inc is a mid-size nonprofit that has been operating for 17 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 25.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $2.1M |
| Surplus / Deficit | $-216,652 |
| Total Assets | $2.7M |
| Total Liabilities | $1.5M |
| Net Assets | $1.2M |
| Operating Margin | -11.4% |
| Debt-to-Asset Ratio | 56.4% |
| Months of Reserves | 15.2 months |
Financial Health Grade: C
In 2023, South Bronx United Inc reported a deficit of $217K with expenses exceeding revenue, holds 15.2 months of operating reserves (strong position), has a debt-to-asset ratio of 56.4% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), South Bronx United Inc's revenue has grown at a compound annual growth rate (CAGR) of 25.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.6% | +21.0% | +84.9% |
| 2022 | +14.8% | +18.1% | -2.2% |
| 2021 | +11.7% | +8.2% | +15.7% |
| 2020 | +2.1% | +25.6% | +17.0% |
| 2019 | +31.3% | +25.1% | +51.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for South Bronx United 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 South Bronx United 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 $217K, with expenses exceeding revenue.
- Debt-to-asset ratio: 56.4%.
Frequently Asked Questions about South Bronx United Inc
Is South Bronx United Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, South Bronx United Inc (EIN: 264064041) insufficient data. 0 red flags identified, 0 strengths noted.
How does South Bronx United Inc spend its money?
Detailed spending breakdown data is not yet available for South Bronx United Inc. Check back for updated IRS 990 analysis.
Are donations to South Bronx United Inc tax-deductible?
South Bronx United Inc is registered as a tax-exempt nonprofit (EIN: 264064041). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is South Bronx United Inc located?
South Bronx United Inc is headquartered in Bronx, New York and files with the IRS under EIN 264064041. It is classified under NTEE code N64.
How many years of IRS 990 filings does South Bronx United Inc have?
South Bronx United Inc has 12 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 $4.4M in total revenue.
Filing History
IRS 990 filing history for South Bronx United Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), South Bronx United Inc's revenue has grown by 1097.4%, moving from $158K to $1.9M. Total assets increased by 9106.4% over the same period, from $29K to $2.7M. Total functional expenses rose by 1202.6%, from $162K to $2.1M. In its most recent filing year (2023), South Bronx United Inc reported a deficit of $217K, with expenses exceeding revenue. The organization holds $1.5M in liabilities against $2.7M in assets (debt-to-asset ratio: 56.4%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $2.1M | $2.7M | $1.5M | — | — |
| 2022 | $1.9M | $1.7M | $1.4M | $63K | — | View 990 |
| 2021 | $1.6M | $1.5M | $1.5M | $216K | — | View 990 |
| 2020 | $1.5M | $1.4M | $1.3M | $163K | — | View 990 |
| 2019 | $1.4M | $1.1M | $1.1M | $67K | — | View 990 |
| 2018 | $1.1M | $869K | $724K | $35K | — | View 990 |
| 2017 | $861K | $840K | $521K | $50K | — | View 990 |
| 2016 | $690K | $702K | $489K | $38K | — | View 990 |
| 2015 | $634K | $532K | $499K | $36K | — | View 990 |
| 2014 | $437K | $345K | $388K | $26K | — | View 990 |
| 2013 | $302K | $138K | $330K | $10K | — | View 990 |
| 2012 | $158K | $162K | $29K | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $2.1M, and assets of $2.7M (revenue +1.6% year-over-year).
- 2022: Revenue of $1.9M, expenses of $1.7M, and assets of $1.4M (revenue +14.8% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.5M, and assets of $1.5M (revenue +11.7% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.4M, and assets of $1.3M (revenue +2.1% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.1M, and assets of $1.1M (revenue +31.3% year-over-year).
- 2018: Revenue of $1.1M, expenses of $869K, and assets of $724K (revenue +26.2% year-over-year).
- 2017: Revenue of $861K, expenses of $840K, and assets of $521K (revenue +24.7% year-over-year).
- 2016: Revenue of $690K, expenses of $702K, and assets of $489K (revenue +8.9% year-over-year).
- 2015: Revenue of $634K, expenses of $532K, and assets of $499K (revenue +45.1% year-over-year).
- 2014: Revenue of $437K, expenses of $345K, and assets of $388K (revenue +44.8% year-over-year).
- 2013: Revenue of $302K, expenses of $138K, and assets of $330K (revenue +90.4% year-over-year).
- 2012: Revenue of $158K, expenses of $162K, and assets of $29K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for South Bronx United Inc:
Data Sources and Methodology
This transparency report for South Bronx United 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.