Taste Wise Kids Inc
EIN: 810772024 · Baltimore, MD · NTEE: O52
| Metric | Value |
|---|---|
| Total Revenue | $219K |
| Total Expenses | $148K |
| Net Assets | $44K |
Is Taste Wise Kids Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Taste Wise Kids Inc
Taste Wise Kids Inc (EIN: 810772024) is a nonprofit organization based in Baltimore, MD, classified under NTEE code O52. The organization reported total revenue of $219K and total assets of $93K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Taste Wise Kids Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Taste Wise Kids Inc is a small nonprofit that has been operating for 10 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of -0.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $133K |
| Total Expenses | $148K |
| Surplus / Deficit | $-15,351 |
| Total Assets | $46K |
| Total Liabilities | $2K |
| Net Assets | $44K |
| Operating Margin | -11.6% |
| Debt-to-Asset Ratio | 4.0% |
| Months of Reserves | 3.8 months |
Financial Health Grade: B
In 2023, Taste Wise Kids Inc reported a deficit of $15K with expenses exceeding revenue, holds 3.8 months of operating reserves (adequate), has a debt-to-asset ratio of 4.0% (very low leverage).
Financial Trends
Over 8 years of filings (2016–2023), Taste Wise Kids Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.4% | -16.7% | -22.5% |
| 2022 | +3.7% | +12.2% | -47.6% |
| 2021 | -11.1% | +54.9% | -25.5% |
| 2020 | -24.7% | -28.7% | +26.1% |
| 2019 | +60.5% | +37.5% | +39.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Taste Wise Kids 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 Taste Wise Kids 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 $15K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.0%.
Frequently Asked Questions about Taste Wise Kids Inc
Is Taste Wise Kids Inc a legitimate charity?
Taste Wise Kids Inc (EIN: 810772024) is a registered tax-exempt nonprofit based in Maryland. It has 8 years of IRS 990 filings on record. Total revenue: $219K. No red flags identified. Financial health grade: B.
How does Taste Wise Kids Inc spend its money?
Taste Wise Kids Inc reported $219K in total revenue in IRS 990 filings. 8 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Taste Wise Kids Inc tax-deductible?
Taste Wise Kids Inc is registered as a tax-exempt nonprofit (EIN: 810772024). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Taste Wise Kids Inc located?
Taste Wise Kids Inc is headquartered in Baltimore, Maryland and files with the IRS under EIN 810772024. It is classified under NTEE code O52.
How many years of IRS 990 filings does Taste Wise Kids Inc have?
Taste Wise Kids Inc has 8 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 $219K in total revenue.
Filing History
IRS 990 filing history for Taste Wise Kids Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Taste Wise Kids Inc's revenue has declined by 1.5%, moving from $135K to $133K. Total assets decreased by 29.6% over the same period, from $66K to $46K. Total functional expenses rose by 114.8%, from $69K to $148K. In its most recent filing year (2023), Taste Wise Kids Inc reported a deficit of $15K, with expenses exceeding revenue. The organization holds $2K in liabilities against $46K in assets (debt-to-asset ratio: 4.0%), resulting in net assets of $44K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $133K | $148K | $46K | $2K | — | View 990 |
| 2022 | $123K | $178K | $60K | $0 | — | View 990 |
| 2021 | $119K | $158K | $114K | $274 | — | View 990 |
| 2020 | $134K | $102K | $153K | $0 | — | View 990 |
| 2019 | $178K | $143K | $121K | $0 | — | View 990 |
| 2018 | $111K | $104K | $87K | $0 | — | View 990 |
| 2017 | $100K | $85K | $80K | $0 | — | View 990 |
| 2016 | $135K | $69K | $66K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $133K, expenses of $148K, and assets of $46K (revenue +7.4% year-over-year).
- 2022: Revenue of $123K, expenses of $178K, and assets of $60K (revenue +3.7% year-over-year).
- 2021: Revenue of $119K, expenses of $158K, and assets of $114K (revenue -11.1% year-over-year).
- 2020: Revenue of $134K, expenses of $102K, and assets of $153K (revenue -24.7% year-over-year).
- 2019: Revenue of $178K, expenses of $143K, and assets of $121K (revenue +60.5% year-over-year).
- 2018: Revenue of $111K, expenses of $104K, and assets of $87K (revenue +11.1% year-over-year).
- 2017: Revenue of $100K, expenses of $85K, and assets of $80K (revenue -25.9% year-over-year).
- 2016: Revenue of $135K, expenses of $69K, and assets of $66K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Taste Wise Kids Inc:
Data Sources and Methodology
This transparency report for Taste Wise Kids 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.