Southside Harm Reduction Services
EIN: 824602523 · Minneapolis, MN · NTEE: E70
| Metric | Value |
|---|---|
| Total Revenue | $2.4M |
| Total Expenses | $1.4M |
| Net Assets | $2.5M |
Is Southside Harm Reduction Services Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Southside Harm Reduction Services
Southside Harm Reduction Services (EIN: 824602523) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code E70. The organization reported total revenue of $2.4M and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southside Harm Reduction Services's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Southside Harm Reduction Services is a mid-size nonprofit that has been operating for 8 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 175.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.4M |
| Total Expenses | $1.4M |
| Surplus / Deficit | +$1.9M |
| Total Assets | $2.6M |
| Total Liabilities | $112K |
| Net Assets | $2.5M |
| Operating Margin | 57.9% |
| Debt-to-Asset Ratio | 4.3% |
| Months of Reserves | 22.1 months |
Financial Health Grade: A
In 2023, Southside Harm Reduction Services reported a surplus of $1.9M with revenue exceeding expenses, holds 22.1 months of operating reserves (strong position), has a debt-to-asset ratio of 4.3% (very low leverage).
Financial Trends
Over 5 years of filings (2019–2023), Southside Harm Reduction Services's revenue has grown at a compound annual growth rate (CAGR) of 175.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +253.1% | +84.7% | +317.8% |
| 2021 | +40.1% | +67.8% | +79.7% |
| 2020 | +517.6% | +456.5% | +586.9% |
| 2019 | +88.1% | +131.5% | +118.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Southside Harm Reduction Services 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 Southside Harm Reduction Services 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 surplus of $1.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.3%.
Frequently Asked Questions about Southside Harm Reduction Services
Is Southside Harm Reduction Services a legitimate charity?
Based on AI analysis of IRS 990 filings, Southside Harm Reduction Services (EIN: 824602523) insufficient data. 0 red flags identified, 0 strengths noted.
How does Southside Harm Reduction Services spend its money?
Detailed spending breakdown data is not yet available for Southside Harm Reduction Services. Check back for updated IRS 990 analysis.
Are donations to Southside Harm Reduction Services tax-deductible?
Southside Harm Reduction Services is registered as a tax-exempt nonprofit (EIN: 824602523). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Southside Harm Reduction Services located?
Southside Harm Reduction Services is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 824602523. It is classified under NTEE code E70.
How many years of IRS 990 filings does Southside Harm Reduction Services have?
Southside Harm Reduction Services has 5 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 Southside Harm Reduction Services showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Southside Harm Reduction Services's revenue has grown by 5647.9%, moving from $59K to $3.4M. Total assets increased by 11186.3% over the same period, from $23K to $2.6M. Total functional expenses rose by 3891.8%, from $35K to $1.4M. In its most recent filing year (2023), Southside Harm Reduction Services reported a surplus of $1.9M, with revenue exceeding expenses. The organization holds $112K in liabilities against $2.6M in assets (debt-to-asset ratio: 4.3%), resulting in net assets of $2.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.4M | $1.4M | $2.6M | $112K | — | — |
| 2021 | $952K | $767K | $625K | $52K | — | View 990 |
| 2020 | $680K | $457K | $348K | $43K | — | — |
| 2019 | $110K | $82K | $51K | $0 | — | View 990 |
| 2019 | $59K | $35K | $23K | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.4M, expenses of $1.4M, and assets of $2.6M (revenue +253.1% year-over-year).
- 2021: Revenue of $952K, expenses of $767K, and assets of $625K (revenue +40.1% year-over-year).
- 2020: Revenue of $680K, expenses of $457K, and assets of $348K (revenue +517.6% year-over-year).
- 2019: Revenue of $110K, expenses of $82K, and assets of $51K (revenue +88.1% year-over-year).
- 2019: Revenue of $59K, expenses of $35K, and assets of $23K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Southside Harm Reduction Services:
Data Sources and Methodology
This transparency report for Southside Harm Reduction Services 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.