Sweat Equity Enterprises Inc
Sweat Equity Enterprises Inc. reports $0 revenue and assets in its latest filing after years of fluctuating financial activity.
EIN: 203498290 · Scottsdale, AZ · Updated: 2026-03-28
Is Sweat Equity Enterprises Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sweat Equity Enterprises Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sweat Equity Enterprises Inc
Sweat Equity Enterprises Inc (EIN: 203498290) is a nonprofit organization based in Scottsdale, AZ. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sweat Equity Enterprises Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sweat Equity Enterprises Inc is a small nonprofit, with 4 years of IRS 990 filings on record (2011–2014). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
| Total Revenue | $625K |
| Total Expenses | $536K |
| Surplus / Deficit | +$89K |
| Total Assets | $196K |
| Total Liabilities | $28K |
| Net Assets | $168K |
| Operating Margin | 14.2% |
| Debt-to-Asset Ratio | 14.3% |
| Months of Reserves | 4.4 months |
Financial Health Grade: A
In 2014, Sweat Equity Enterprises Inc reported a surplus of $89K with revenue exceeding expenses, holds 4.4 months of operating reserves (adequate), has a debt-to-asset ratio of 14.3% (very low leverage).
Financial Trends
Over 4 years of filings (2011–2014), Sweat Equity Enterprises Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2014 | +68.4% | +62.3% | +115.6% |
| 2013 | +169.0% | +45.5% | +245.5% |
| 2012 | -75.7% | -69.0% | -77.2% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sweat Equity Enterprises Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Sweat Equity Enterprises Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $89K, with revenue exceeding expenses.
- Debt-to-asset ratio: 14.3%.
Executive Compensation Analysis
Executive compensation was consistently reported as 0% across all available filing periods, indicating that no officers received compensation, which is a positive sign for minimizing administrative costs relative to the organization's size and revenue.
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.
Red Flags
The following concerns were identified during AI analysis of Sweat Equity Enterprises Inc's IRS 990 filings:
- Latest filing shows $0 revenue and assets, indicating potential dormancy or cessation of operations.
- Inconsistent financial performance with significant deficits in 2011 and 2012.
- NTEE code is unknown, which limits understanding of its specific mission area and comparative analysis.
Strengths
The following positive indicators were identified for Sweat Equity Enterprises Inc:
- Consistent reporting of 0% officer compensation across all available filings, indicating low executive overhead.
- Demonstrated ability to generate significant revenue in some periods, such as $625,142 in 2014.
Frequently Asked Questions about Sweat Equity Enterprises Inc
Is Sweat Equity Enterprises Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sweat Equity Enterprises Inc (EIN: 203498290) significant concerns. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
How does Sweat Equity Enterprises Inc spend its money?
Sweat Equity Enterprises Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sweat Equity Enterprises Inc tax-deductible?
Sweat Equity Enterprises Inc is registered as a tax-exempt nonprofit (EIN: 203498290). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Sweat Equity Enterprises Inc. still operational given its latest $0 revenue and assets report?
The latest IRS 990 filing showing $0 in revenue and assets strongly suggests the organization may be dormant or has ceased operations. Further investigation beyond the provided data would be needed to confirm its current status.
What caused the significant financial decline to $0 revenue and assets in the latest period?
The provided data does not specify the reasons for the sudden drop to $0 revenue and assets. This could be due to a variety of factors, including a decision to dissolve, a temporary pause in activities, or a failure to secure funding.
How did the organization manage its deficits in 2011 and 2012?
In 2011, expenses ($732,406) significantly exceeded revenue ($567,023), and similarly in 2012, expenses ($227,145) exceeded revenue ($138,023). The organization likely covered these deficits through accumulated assets, reserves, or other non-revenue income sources not detailed in the summary, as liabilities remained low or zero in those periods.
Filing History
IRS 990 filing history for Sweat Equity Enterprises Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2011–2014), Sweat Equity Enterprises Inc's revenue has grown by 10.2%, moving from $567K to $625K. Total assets increased by 69.7% over the same period, from $115K to $196K. Total functional expenses fell by 26.8%, from $732K to $536K. In its most recent filing year (2014), Sweat Equity Enterprises Inc reported a surplus of $89K, with revenue exceeding expenses. The organization holds $28K in liabilities against $196K in assets (debt-to-asset ratio: 14.3%), resulting in net assets of $168K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2014 | $625K | $536K | $196K | $28K | — | View 990 |
| 2013 | $371K | $330K | $91K | $12K | — | View 990 |
| 2012 | $138K | $227K | $26K | $0 | — | View 990 |
| 2011 | $567K | $732K | $115K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2014: Revenue of $625K, expenses of $536K, and assets of $196K (revenue +68.4% year-over-year).
- 2013: Revenue of $371K, expenses of $330K, and assets of $91K (revenue +169.0% year-over-year).
- 2012: Revenue of $138K, expenses of $227K, and assets of $26K (revenue -75.7% year-over-year).
- 2011: Revenue of $567K, expenses of $732K, and assets of $115K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sweat Equity Enterprises Inc:
Data Sources and Methodology
This transparency report for Sweat Equity Enterprises 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.