Southwire Cares Inc
Southwire Cares Inc. shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 202000189 · Carrollton, GA · Updated: 2026-03-28
Is Southwire Cares Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Southwire Cares Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Southwire Cares Inc
Southwire Cares Inc (EIN: 202000189) is a nonprofit organization based in Carrollton, GA. The organization reported total revenue of $2.4M and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southwire Cares Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Southwire Cares Inc is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $1.4M |
| Surplus / Deficit | +$733K |
| Total Assets | $2.1M |
| Total Liabilities | $12K |
| Net Assets | $2.1M |
| Operating Margin | 34.4% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 18.2 months |
Financial Health Grade: A
In 2023, Southwire Cares Inc reported a surplus of $733K with revenue exceeding expenses, holds 18.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Southwire Cares Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.9% | +2.1% | +52.7% |
| 2022 | +23.1% | -11.6% | +78.6% |
| 2021 | +3.7% | -13.3% | -19.7% |
| 2020 | +23.3% | +21.6% | -7.1% |
| 2019 | +7.4% | +4.2% | -11.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Southwire Cares Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Southwire Cares Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $733K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.6%.
Executive Compensation Analysis
Southwire Cares Inc. reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through other means not reported as officer compensation, which is a strong positive for resource allocation directly to mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Southwire Cares Inc:
- Consistent revenue growth over the past decade, from $898,078 in 2014 to $2,126,555 in 2023.
- Healthy asset accumulation, increasing from $1,732,554 in 2014 to $2,111,189 in 2023.
- Expenses consistently lower than revenue in recent years, indicating strong financial management (e.g., $1,394,029 expenses vs. $2,126,555 revenue in 2023).
- 0% reported officer compensation across all available filings, suggesting a high dedication of funds to programmatic activities.
- Consistent filing of IRS Form 990s over 13 periods, demonstrating transparency and compliance.
Frequently Asked Questions about Southwire Cares Inc
Is Southwire Cares Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Southwire Cares Inc (EIN: 202000189) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Southwire Cares Inc spend its money?
Southwire Cares Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Southwire Cares Inc tax-deductible?
Southwire Cares Inc is registered as a tax-exempt nonprofit (EIN: 202000189). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Southwire Cares Inc. financially stable?
Yes, Southwire Cares Inc. appears financially stable, demonstrating consistent revenue growth from $898,078 in 2014 to $2,126,555 in 2023, and a healthy increase in assets from $1,732,554 to $2,111,189 over the same period, with expenses consistently below revenue in recent years.
How efficiently does Southwire Cares Inc. use its funds?
The organization appears to use its funds efficiently, as evidenced by expenses ($1,394,029 in 2023) being significantly lower than revenue ($2,126,555 in 2023), allowing for asset growth. The reported 0% officer compensation also suggests a high proportion of funds are directed towards its mission.
Has Southwire Cares Inc. been growing?
Yes, Southwire Cares Inc. has shown consistent growth, with revenue increasing from $898,078 in 2014 to $2,126,555 in 2023, and assets growing from $1,732,554 to $2,111,189 over the same period.
Filing History
IRS 990 filing history for Southwire Cares Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Southwire Cares Inc's revenue has grown by 250%, moving from $608K to $2.1M. Total assets increased by 24.7% over the same period, from $1.7M to $2.1M. Total functional expenses rose by 341.3%, from $316K to $1.4M. In its most recent filing year (2023), Southwire Cares Inc reported a surplus of $733K, with revenue exceeding expenses. The organization holds $12K in liabilities against $2.1M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $1.4M | $2.1M | $12K | — | — |
| 2022 | $2.0M | $1.4M | $1.4M | $16K | — | View 990 |
| 2021 | $1.6M | $1.5M | $774K | $14K | — | View 990 |
| 2020 | $1.5M | $1.8M | $964K | $260K | — | View 990 |
| 2019 | $1.3M | $1.5M | $1.0M | $96K | — | View 990 |
| 2018 | $1.2M | $1.4M | $1.2M | $22K | — | View 990 |
| 2017 | $1.1M | $1.3M | $1.4M | $0 | — | View 990 |
| 2016 | $1.1M | $1.2M | $1.6M | $35K | — | — |
| 2015 | $1.1M | $1.2M | $1.6M | $8K | — | View 990 |
| 2014 | $898K | $1.1M | $1.7M | $3K | — | View 990 |
| 2013 | $934K | $727K | $2.0M | $49K | — | View 990 |
| 2012 | $820K | $763K | $1.8M | $12K | — | View 990 |
| 2011 | $608K | $316K | $1.7M | $15 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $1.4M, and assets of $2.1M (revenue +7.9% year-over-year).
- 2022: Revenue of $2.0M, expenses of $1.4M, and assets of $1.4M (revenue +23.1% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.5M, and assets of $774K (revenue +3.7% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.8M, and assets of $964K (revenue +23.3% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.5M, and assets of $1.0M (revenue +7.4% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.4M, and assets of $1.2M (revenue +2.9% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.3M, and assets of $1.4M (revenue +0.2% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.2M, and assets of $1.6M (revenue +1.9% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.2M, and assets of $1.6M (revenue +23.6% year-over-year).
- 2014: Revenue of $898K, expenses of $1.1M, and assets of $1.7M (revenue -3.8% year-over-year).
- 2013: Revenue of $934K, expenses of $727K, and assets of $2.0M (revenue +13.9% year-over-year).
- 2012: Revenue of $820K, expenses of $763K, and assets of $1.8M (revenue +35.0% year-over-year).
- 2011: Revenue of $608K, expenses of $316K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Southwire Cares Inc:
Data Sources and Methodology
This transparency report for Southwire Cares 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.