Southern Atlantic Corporation
EIN: 237389948 · West Point, MS
Is Southern Atlantic Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Southern Atlantic Corporation
Southern Atlantic Corporation (EIN: 237389948) is a nonprofit organization based in West Point, MS. The organization reported total revenue of $4K and total assets of $30K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southern Atlantic Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Southern Atlantic Corporation 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 Atlantic Corporation 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.
Frequently Asked Questions about Southern Atlantic Corporation
Is Southern Atlantic Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Southern Atlantic Corporation (EIN: 237389948) insufficient data. 0 red flags identified, 0 strengths noted.
How does Southern Atlantic Corporation spend its money?
Detailed spending breakdown data is not yet available for Southern Atlantic Corporation. Check back for updated IRS 990 analysis.
Are donations to Southern Atlantic Corporation tax-deductible?
Southern Atlantic Corporation is registered as a tax-exempt nonprofit (EIN: 237389948). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Southern Atlantic Corporation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2019), Southern Atlantic Corporation's revenue has declined by 59.4%, moving from $10K to $4K. Total assets increased by 75.3% over the same period, from $17K to $30K. Total functional expenses fell by 13.7%, from $12K to $10K. In its most recent filing year (2019), Southern Atlantic Corporation reported a deficit of $6K, with expenses exceeding revenue. The organization holds $47K in liabilities against $30K in assets (debt-to-asset ratio: 159.5%), resulting in net assets of $-17,655.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2019 | $4K | $10K | $30K | $47K | — | View 990 |
| 2018 | $8K | $6K | $28K | $39K | — | View 990 |
| 2017 | $17K | $9K | $26K | $35K | — | View 990 |
| 2016 | $9K | $10K | $29K | $46K | — | View 990 |
| 2015 | $9K | $10K | $26K | $43K | — | — |
| 2014 | $9K | $14K | $28K | $45K | — | — |
| 2013 | $15K | $14K | $28K | $41K | — | View 990 |
| 2012 | $12K | $11K | $18K | $35K | — | — |
| 2011 | $10K | $12K | $17K | $32K | — | — |
Year-by-Year Financial Summary
- 2019: Revenue of $4K, expenses of $10K, and assets of $30K (revenue -49.7% year-over-year).
- 2018: Revenue of $8K, expenses of $6K, and assets of $28K (revenue -51.8% year-over-year).
- 2017: Revenue of $17K, expenses of $9K, and assets of $26K (revenue +93.5% year-over-year).
- 2016: Revenue of $9K, expenses of $10K, and assets of $29K (revenue +4.1% year-over-year).
- 2015: Revenue of $9K, expenses of $10K, and assets of $26K (revenue -8.2% year-over-year).
- 2014: Revenue of $9K, expenses of $14K, and assets of $28K (revenue -38.4% year-over-year).
- 2013: Revenue of $15K, expenses of $14K, and assets of $28K (revenue +27.1% year-over-year).
- 2012: Revenue of $12K, expenses of $11K, and assets of $18K (revenue +15.8% year-over-year).
- 2011: Revenue of $10K, expenses of $12K, and assets of $17K.
Data Sources and Methodology
This transparency report for Southern Atlantic Corporation 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.