Space One Eleven Inc
EIN: 570890249 · Birmingham, AL · NTEE: A25Z
| Metric | Value |
|---|---|
| Total Revenue | $556K |
| Total Expenses | $471K |
| Net Assets | $1.3M |
Is Space One Eleven Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Space One Eleven Inc
Space One Eleven Inc (EIN: 570890249) is a nonprofit organization based in Birmingham, AL, classified under NTEE code A25Z. The organization reported total revenue of $556K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Space One Eleven Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Space One Eleven Inc is a small nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $347K |
| Total Expenses | $471K |
| Surplus / Deficit | $-123,966 |
| Total Assets | $1.5M |
| Total Liabilities | $232K |
| Net Assets | $1.3M |
| Operating Margin | -35.7% |
| Debt-to-Asset Ratio | 15.5% |
| Months of Reserves | 38.3 months |
Financial Health Grade: B
In 2023, Space One Eleven Inc reported a deficit of $124K with expenses exceeding revenue, holds 38.3 months of operating reserves (strong position), has a debt-to-asset ratio of 15.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Space One Eleven Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -51.2% | -10.2% | -8.9% |
| 2022 | +58.5% | +29.4% | +11.8% |
| 2021 | -45.0% | +48.4% | +8.5% |
| 2020 | +143.7% | -10.2% | +99.8% |
| 2019 | -8.5% | -4.4% | +1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Space One Eleven 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 Space One Eleven 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 $124K, with expenses exceeding revenue.
- Debt-to-asset ratio: 15.5%.
Frequently Asked Questions about Space One Eleven Inc
Is Space One Eleven Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Space One Eleven Inc (EIN: 570890249) insufficient data. 0 red flags identified, 0 strengths noted.
How does Space One Eleven Inc spend its money?
Detailed spending breakdown data is not yet available for Space One Eleven Inc. Check back for updated IRS 990 analysis.
Are donations to Space One Eleven Inc tax-deductible?
Space One Eleven Inc is registered as a tax-exempt nonprofit (EIN: 570890249). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Space One Eleven Inc located?
Space One Eleven Inc is headquartered in Birmingham, Alabama and files with the IRS under EIN 570890249. It is classified under NTEE code A25Z.
How many years of IRS 990 filings does Space One Eleven Inc have?
Space One Eleven 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 $556K in total revenue.
Filing History
IRS 990 filing history for Space One Eleven Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Space One Eleven Inc's revenue has grown by 14.1%, moving from $304K to $347K. Total assets increased by 117.8% over the same period, from $690K to $1.5M. Total functional expenses rose by 140.4%, from $196K to $471K. In its most recent filing year (2023), Space One Eleven Inc reported a deficit of $124K, with expenses exceeding revenue. The organization holds $232K in liabilities against $1.5M in assets (debt-to-asset ratio: 15.5%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $347K | $471K | $1.5M | $232K | — | — |
| 2022 | $711K | $525K | $1.6M | $255K | — | View 990 |
| 2021 | $448K | $406K | $1.5M | $266K | — | View 990 |
| 2020 | $815K | $273K | $1.4M | $193K | — | — |
| 2019 | $335K | $304K | $680K | $57K | — | View 990 |
| 2018 | $366K | $318K | $669K | $76K | — | View 990 |
| 2017 | $392K | $290K | $628K | $83K | — | — |
| 2016 | $242K | $281K | $536K | $93K | — | View 990 |
| 2015 | $196K | $273K | $586K | $105K | — | View 990 |
| 2014 | $344K | $271K | $671K | $113K | — | View 990 |
| 2013 | $314K | $298K | $604K | $120K | — | View 990 |
| 2012 | $167K | $253K | $598K | $129K | — | View 990 |
| 2011 | $304K | $196K | $690K | $135K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $347K, expenses of $471K, and assets of $1.5M (revenue -51.2% year-over-year).
- 2022: Revenue of $711K, expenses of $525K, and assets of $1.6M (revenue +58.5% year-over-year).
- 2021: Revenue of $448K, expenses of $406K, and assets of $1.5M (revenue -45.0% year-over-year).
- 2020: Revenue of $815K, expenses of $273K, and assets of $1.4M (revenue +143.7% year-over-year).
- 2019: Revenue of $335K, expenses of $304K, and assets of $680K (revenue -8.5% year-over-year).
- 2018: Revenue of $366K, expenses of $318K, and assets of $669K (revenue -6.8% year-over-year).
- 2017: Revenue of $392K, expenses of $290K, and assets of $628K (revenue +61.8% year-over-year).
- 2016: Revenue of $242K, expenses of $281K, and assets of $536K (revenue +23.6% year-over-year).
- 2015: Revenue of $196K, expenses of $273K, and assets of $586K (revenue -43.0% year-over-year).
- 2014: Revenue of $344K, expenses of $271K, and assets of $671K (revenue +9.7% year-over-year).
- 2013: Revenue of $314K, expenses of $298K, and assets of $604K (revenue +87.8% year-over-year).
- 2012: Revenue of $167K, expenses of $253K, and assets of $598K (revenue -45.1% year-over-year).
- 2011: Revenue of $304K, expenses of $196K, and assets of $690K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Space One Eleven Inc:
Data Sources and Methodology
This transparency report for Space One Eleven 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.