Southern Colorado Impact Group Inc
EIN: 742766022 · Colorado Springs, CO
| Metric | Value |
|---|---|
| Total Revenue | $161K |
| Total Expenses | $131K |
| Net Assets | $340K |
Is Southern Colorado Impact Group Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Southern Colorado Impact Group Inc
Southern Colorado Impact Group Inc (EIN: 742766022) is a nonprofit organization based in Colorado Springs, CO. The organization reported total revenue of $161K and total assets of $408K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southern Colorado Impact Group Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Southern Colorado Impact Group Inc is a small nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $99K |
| Total Expenses | $131K |
| Surplus / Deficit | $-31,823 |
| Total Assets | $393K |
| Total Liabilities | $53K |
| Net Assets | $340K |
| Operating Margin | -32.0% |
| Debt-to-Asset Ratio | 13.5% |
| Months of Reserves | 36.0 months |
Financial Health Grade: B
In 2023, Southern Colorado Impact Group Inc reported a deficit of $32K with expenses exceeding revenue, holds 36.0 months of operating reserves (strong position), has a debt-to-asset ratio of 13.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Southern Colorado Impact Group Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -27.1% | -1.5% | +0.2% |
| 2022 | -44.5% | -45.4% | +1.3% |
| 2021 | +1.3% | -6.3% | -5.4% |
| 2020 | +36.8% | +43.2% | +0.4% |
| 2019 | +29.1% | +9.5% | -4.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1990 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Southern Colorado Impact Group 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 Southern Colorado Impact Group 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 $32K, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.5%.
Frequently Asked Questions about Southern Colorado Impact Group Inc
Is Southern Colorado Impact Group Inc a legitimate charity?
Southern Colorado Impact Group Inc (EIN: 742766022) is a registered tax-exempt nonprofit based in Colorado. It has 13 years of IRS 990 filings on record. Total revenue: $161K. No red flags identified. Financial health grade: B.
How does Southern Colorado Impact Group Inc spend its money?
Southern Colorado Impact Group Inc reported $161K 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 Colorado Impact Group Inc tax-deductible?
Southern Colorado Impact Group Inc is registered as a tax-exempt nonprofit (EIN: 742766022). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Southern Colorado Impact Group Inc located?
Southern Colorado Impact Group Inc is headquartered in Colorado Springs, Colorado and files with the IRS under EIN 742766022.
How many years of IRS 990 filings does Southern Colorado Impact Group Inc have?
Southern Colorado Impact Group 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 $161K in total revenue.
Filing History
IRS 990 filing history for Southern Colorado Impact Group Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Southern Colorado Impact Group Inc's revenue has grown by 31%, moving from $76K to $99K. Total assets decreased by 31.1% over the same period, from $571K to $393K. Total functional expenses rose by 112.1%, from $62K to $131K. In its most recent filing year (2023), Southern Colorado Impact Group Inc reported a deficit of $32K, with expenses exceeding revenue. The organization holds $53K in liabilities against $393K in assets (debt-to-asset ratio: 13.5%), resulting in net assets of $340K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $99K | $131K | $393K | $53K | — | — |
| 2022 | $136K | $133K | $392K | $20K | — | View 990 |
| 2021 | $246K | $244K | $387K | $19K | — | View 990 |
| 2020 | $242K | $261K | $409K | $42K | — | — |
| 2019 | $177K | $182K | $408K | $22K | — | View 990 |
| 2018 | $137K | $166K | $428K | $37K | — | View 990 |
| 2017 | $149K | $144K | $496K | $76K | — | View 990 |
| 2016 | $124K | $131K | $515K | $101K | — | View 990 |
| 2015 | $75K | $94K | $526K | $103K | — | View 990 |
| 2014 | $103K | $99K | $601K | $159K | — | View 990 |
| 2013 | $104K | $62K | $592K | $154K | — | View 990 |
| 2012 | $62K | $56K | $578K | $182K | — | View 990 |
| 2011 | $76K | $62K | $571K | $181K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $99K, expenses of $131K, and assets of $393K (revenue -27.1% year-over-year).
- 2022: Revenue of $136K, expenses of $133K, and assets of $392K (revenue -44.5% year-over-year).
- 2021: Revenue of $246K, expenses of $244K, and assets of $387K (revenue +1.3% year-over-year).
- 2020: Revenue of $242K, expenses of $261K, and assets of $409K (revenue +36.8% year-over-year).
- 2019: Revenue of $177K, expenses of $182K, and assets of $408K (revenue +29.1% year-over-year).
- 2018: Revenue of $137K, expenses of $166K, and assets of $428K (revenue -8.2% year-over-year).
- 2017: Revenue of $149K, expenses of $144K, and assets of $496K (revenue +20.8% year-over-year).
- 2016: Revenue of $124K, expenses of $131K, and assets of $515K (revenue +65.5% year-over-year).
- 2015: Revenue of $75K, expenses of $94K, and assets of $526K (revenue -27.4% year-over-year).
- 2014: Revenue of $103K, expenses of $99K, and assets of $601K (revenue -0.8% year-over-year).
- 2013: Revenue of $104K, expenses of $62K, and assets of $592K (revenue +66.7% year-over-year).
- 2012: Revenue of $62K, expenses of $56K, and assets of $578K (revenue -18.0% year-over-year).
- 2011: Revenue of $76K, expenses of $62K, and assets of $571K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Southern Colorado Impact Group Inc:
Data Sources and Methodology
This transparency report for Southern Colorado Impact Group 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.