Southern Appalachian Labor School Foundation Incorporated
EIN: 550620198 · Kincaid, WV
| Metric | Value |
|---|---|
| Total Revenue | $862K |
| Total Expenses | $1.1M |
| Net Assets | $370K |
Is Southern Appalachian Labor School Foundation Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Southern Appalachian Labor School Foundation Incorporated
Southern Appalachian Labor School Foundation Incorporated (EIN: 550620198) is a nonprofit organization based in Kincaid, WV. The organization reported total revenue of $862K and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southern Appalachian Labor School Foundation Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Southern Appalachian Labor School Foundation Incorporated is a small nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $960K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-187,740 |
| Total Assets | $2.4M |
| Total Liabilities | $2.1M |
| Net Assets | $370K |
| Operating Margin | -19.6% |
| Debt-to-Asset Ratio | 84.8% |
| Months of Reserves | 25.4 months |
Financial Health Grade: C
In 2023, Southern Appalachian Labor School Foundation Incorporated reported a deficit of $188K with expenses exceeding revenue, holds 25.4 months of operating reserves (strong position), has a debt-to-asset ratio of 84.8% (high leverage).
Financial Trends
Over 13 years of filings (2010–2023), Southern Appalachian Labor School Foundation Incorporated's revenue has declined at a compound annual growth rate (CAGR) of -5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.9% | +50.9% | -3.4% |
| 2022 | +87.8% | +21.2% | -2.7% |
| 2021 | -42.3% | -30.7% | -2.5% |
| 2020 | -35.2% | -30.2% | -11.2% |
| 2019 | +1.8% | +9.6% | -2.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1983 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Southern Appalachian Labor School Foundation Incorporated 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 Southern Appalachian Labor School Foundation Incorporated 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 $188K, with expenses exceeding revenue.
- Debt-to-asset ratio: 84.8%.
Frequently Asked Questions about Southern Appalachian Labor School Foundation Incorporated
Is Southern Appalachian Labor School Foundation Incorporated a legitimate charity?
Southern Appalachian Labor School Foundation Incorporated (EIN: 550620198) is a registered tax-exempt nonprofit based in West Virginia. It has 13 years of IRS 990 filings on record. Total revenue: $862K. No red flags identified. Financial health grade: C.
How does Southern Appalachian Labor School Foundation Incorporated spend its money?
Southern Appalachian Labor School Foundation Incorporated reported $862K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Southern Appalachian Labor School Foundation Incorporated tax-deductible?
Southern Appalachian Labor School Foundation Incorporated is registered as a tax-exempt nonprofit (EIN: 550620198). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Southern Appalachian Labor School Foundation Incorporated located?
Southern Appalachian Labor School Foundation Incorporated is headquartered in Kincaid, West Virginia and files with the IRS under EIN 550620198.
How many years of IRS 990 filings does Southern Appalachian Labor School Foundation Incorporated have?
Southern Appalachian Labor School Foundation Incorporated 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 $862K in total revenue.
Filing History
IRS 990 filing history for Southern Appalachian Labor School Foundation Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2010–2023), Southern Appalachian Labor School Foundation Incorporated's revenue has declined by 49%, moving from $1.9M to $960K. Total assets increased by 45.8% over the same period, from $1.7M to $2.4M. Total functional expenses fell by 24.7%, from $1.5M to $1.1M. In its most recent filing year (2023), Southern Appalachian Labor School Foundation Incorporated reported a deficit of $188K, with expenses exceeding revenue. The organization holds $2.1M in liabilities against $2.4M in assets (debt-to-asset ratio: 84.8%), resulting in net assets of $370K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $960K | $1.1M | $2.4M | $2.1M | — | — |
| 2022 | $874K | $761K | $2.5M | $2.0M | — | View 990 |
| 2021 | $465K | $628K | $2.6M | $2.0M | — | View 990 |
| 2020 | $807K | $906K | $2.7M | $2.1M | — | View 990 |
| 2019 | $1.2M | $1.3M | $3.0M | $1.9M | — | View 990 |
| 2018 | $1.2M | $1.2M | $3.1M | $1.9M | — | View 990 |
| 2017 | $1.4M | $1.2M | $3.0M | $1.9M | — | View 990 |
| 2016 | $1.8M | $1.8M | $1.7M | $310K | — | View 990 |
| 2015 | $1.6M | $1.6M | $1.5M | $196K | — | View 990 |
| 2013 | $1.8M | $1.9M | $1.7M | $214K | — | View 990 |
| 2012 | $1.9M | $1.6M | $1.8M | $216K | — | View 990 |
| 2011 | $1.7M | $1.8M | $1.5M | $232K | — | View 990 |
| 2010 | $1.9M | $1.5M | $1.7M | $232K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $960K, expenses of $1.1M, and assets of $2.4M (revenue +9.9% year-over-year).
- 2022: Revenue of $874K, expenses of $761K, and assets of $2.5M (revenue +87.8% year-over-year).
- 2021: Revenue of $465K, expenses of $628K, and assets of $2.6M (revenue -42.3% year-over-year).
- 2020: Revenue of $807K, expenses of $906K, and assets of $2.7M (revenue -35.2% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.3M, and assets of $3.0M (revenue +1.8% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.2M, and assets of $3.1M (revenue -13.3% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.2M, and assets of $3.0M (revenue -22.4% year-over-year).
- 2016: Revenue of $1.8M, expenses of $1.8M, and assets of $1.7M (revenue +10.5% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.6M, and assets of $1.5M (revenue -9.5% year-over-year).
- 2013: Revenue of $1.8M, expenses of $1.9M, and assets of $1.7M (revenue -2.2% year-over-year).
- 2012: Revenue of $1.9M, expenses of $1.6M, and assets of $1.8M (revenue +11.8% year-over-year).
- 2011: Revenue of $1.7M, expenses of $1.8M, and assets of $1.5M (revenue -11.5% year-over-year).
- 2010: Revenue of $1.9M, expenses of $1.5M, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Southern Appalachian Labor School Foundation Incorporated:
Data Sources and Methodology
This transparency report for Southern Appalachian Labor School Foundation Incorporated 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.