Sweet Owen Industries Arc Inc
EIN: 351318207 · Spencer, IN
| Metric | Value |
|---|---|
| Total Revenue | $3.6M |
| Total Expenses | $3.9M |
| Net Assets | $361K |
Is Sweet Owen Industries Arc Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sweet Owen Industries Arc Inc
Sweet Owen Industries Arc Inc (EIN: 351318207) is a nonprofit organization based in Spencer, IN. The organization reported total revenue of $3.6M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sweet Owen Industries Arc Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sweet Owen Industries Arc Inc is a mid-size nonprofit that has been operating for 51 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 14.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.9M |
| Total Expenses | $3.9M |
| Surplus / Deficit | $-59,195 |
| Total Assets | $642K |
| Total Liabilities | $280K |
| Net Assets | $361K |
| Operating Margin | -1.5% |
| Debt-to-Asset Ratio | 43.7% |
| Months of Reserves | 2.0 months |
Financial Health Grade: C
In 2023, Sweet Owen Industries Arc Inc reported a deficit of $59K with expenses exceeding revenue, holds 2.0 months of operating reserves (limited), has a debt-to-asset ratio of 43.7% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Sweet Owen Industries Arc Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.7% | +15.6% | +26.0% |
| 2022 | +6.1% | +3.5% | -0.9% |
| 2021 | +32.2% | +34.6% | -12.5% |
| 2020 | -9.5% | -11.6% | -4.2% |
| 2019 | -0.9% | +6.5% | -11.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1975 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sweet Owen Industries Arc 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 Sweet Owen Industries Arc 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 $59K, with expenses exceeding revenue.
- Debt-to-asset ratio: 43.7%.
Frequently Asked Questions about Sweet Owen Industries Arc Inc
Is Sweet Owen Industries Arc Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sweet Owen Industries Arc Inc (EIN: 351318207) insufficient data. 0 red flags identified, 0 strengths noted.
How does Sweet Owen Industries Arc Inc spend its money?
Detailed spending breakdown data is not yet available for Sweet Owen Industries Arc Inc. Check back for updated IRS 990 analysis.
Are donations to Sweet Owen Industries Arc Inc tax-deductible?
Sweet Owen Industries Arc Inc is registered as a tax-exempt nonprofit (EIN: 351318207). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sweet Owen Industries Arc Inc located?
Sweet Owen Industries Arc Inc is headquartered in Spencer, Indiana and files with the IRS under EIN 351318207.
How many years of IRS 990 filings does Sweet Owen Industries Arc Inc have?
Sweet Owen Industries Arc Inc has 14 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 $3.6M in total revenue.
Filing History
IRS 990 filing history for Sweet Owen Industries Arc Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Sweet Owen Industries Arc Inc's revenue has grown by 510.6%, moving from $635K to $3.9M. Total assets increased by 17.1% over the same period, from $548K to $642K. Total functional expenses rose by 397.6%, from $791K to $3.9M. In its most recent filing year (2023), Sweet Owen Industries Arc Inc reported a deficit of $59K, with expenses exceeding revenue. The organization holds $280K in liabilities against $642K in assets (debt-to-asset ratio: 43.7%), resulting in net assets of $361K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.9M | $3.9M | $642K | $280K | — | — |
| 2022 | $3.4M | $3.4M | $509K | $89K | — | View 990 |
| 2021 | $3.2M | $3.3M | $514K | $99K | — | View 990 |
| 2020 | $2.4M | $2.4M | $588K | $95K | — | View 990 |
| 2019 | $2.7M | $2.8M | $613K | $106K | — | View 990 |
| 2018 | $2.7M | $2.6M | $694K | $107K | — | View 990 |
| 2017 | $2.5M | $2.4M | $634K | $161K | — | View 990 |
| 2016 | $2.3M | $2.2M | $605K | $260K | — | View 990 |
| 2015 | $2.3M | $2.3M | $571K | $310K | — | View 990 |
| 2014 | $2.1M | $2.0M | $473K | $223K | — | View 990 |
| 2013 | $1.7M | $1.4M | $533K | $310K | — | View 990 |
| 2012 | $1.2M | $1.3M | $331K | $379K | — | View 990 |
| 2011 | $852K | $889K | $8K | $321K | — | View 990 |
| 2010 | $635K | $791K | $548K | $329K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.9M, expenses of $3.9M, and assets of $642K (revenue +13.7% year-over-year).
- 2022: Revenue of $3.4M, expenses of $3.4M, and assets of $509K (revenue +6.1% year-over-year).
- 2021: Revenue of $3.2M, expenses of $3.3M, and assets of $514K (revenue +32.2% year-over-year).
- 2020: Revenue of $2.4M, expenses of $2.4M, and assets of $588K (revenue -9.5% year-over-year).
- 2019: Revenue of $2.7M, expenses of $2.8M, and assets of $613K (revenue -0.9% year-over-year).
- 2018: Revenue of $2.7M, expenses of $2.6M, and assets of $694K (revenue +8.7% year-over-year).
- 2017: Revenue of $2.5M, expenses of $2.4M, and assets of $634K (revenue +10.7% year-over-year).
- 2016: Revenue of $2.3M, expenses of $2.2M, and assets of $605K (revenue -1.9% year-over-year).
- 2015: Revenue of $2.3M, expenses of $2.3M, and assets of $571K (revenue +11.4% year-over-year).
- 2014: Revenue of $2.1M, expenses of $2.0M, and assets of $473K (revenue +23.7% year-over-year).
- 2013: Revenue of $1.7M, expenses of $1.4M, and assets of $533K (revenue +37.2% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.3M, and assets of $331K (revenue +42.6% year-over-year).
- 2011: Revenue of $852K, expenses of $889K, and assets of $8K (revenue +34.1% year-over-year).
- 2010: Revenue of $635K, expenses of $791K, and assets of $548K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sweet Owen Industries Arc Inc:
Data Sources and Methodology
This transparency report for Sweet Owen Industries Arc 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.