The Soulsville Charter School Llc
The Soulsville Charter School Llc maintains stable finances with no reported officer compensation.
EIN: 201861028 · Memphis, TN · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9.5M |
| Total Expenses | $9.8M |
| Program Spending | 90% |
| Net Assets | $9.8M |
| Transparency Score | 92/100 |
Is The Soulsville Charter School Llc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Soulsville Charter School Llc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Soulsville Charter School Llc
The Soulsville Charter School Llc (EIN: 201861028) is a nonprofit organization based in Memphis, TN, classified under NTEE code B29. The organization reported total revenue of $9.5M and total assets of $19.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Soulsville Charter School Llc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Soulsville Charter School Llc is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.2M |
| Total Expenses | $9.8M |
| Surplus / Deficit | $-689,515 |
| Total Assets | $20.7M |
| Total Liabilities | $10.9M |
| Net Assets | $9.8M |
| Operating Margin | -7.5% |
| Debt-to-Asset Ratio | 52.5% |
| Months of Reserves | 25.2 months |
Financial Health Grade: C
In 2023, The Soulsville Charter School Llc reported a deficit of $690K with expenses exceeding revenue, holds 25.2 months of operating reserves (strong position), has a debt-to-asset ratio of 52.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Soulsville Charter School Llc's revenue has grown at a compound annual growth rate (CAGR) of 6.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.7% | +18.0% | -16.1% |
| 2022 | +14.7% | +7.0% | +24.7% |
| 2021 | +16.7% | +0.2% | +1.9% |
| 2020 | -1.1% | +1.6% | +4.6% |
| 2019 | +16.2% | +9.7% | -2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
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 The Soulsville Charter School Llc 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, The Soulsville Charter School Llc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 deficit of $690K, with expenses exceeding revenue.
- Debt-to-asset ratio: 52.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is a highly positive indicator, suggesting that all resources are directed towards the organization's mission and operations.
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 The Soulsville Charter School Llc's IRS 990 filings:
- Expenses exceeded revenue in the most recent period (202306) by $689,515, which could indicate a short-term operational deficit if not covered by reserves.
Strengths
The following positive indicators were identified for The Soulsville Charter School Llc:
- Consistent IRS 990 filing history (13 filings) demonstrating transparency.
- 0% officer compensation reported across all filings, indicating high efficiency in resource allocation.
- Stable and growing asset base, reaching $19,771,757, suggesting strong financial health.
- Clear alignment with NTEE code B29 (Elementary & Secondary Education) and organizational name, indicating a focused mission.
Frequently Asked Questions about The Soulsville Charter School Llc
Is The Soulsville Charter School Llc a legitimate charity?
The Soulsville Charter School Llc (EIN: 201861028) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $9.5M. 1 red flag identified. 4 strengths noted. Financial health grade: C.
How does The Soulsville Charter School Llc spend its money?
The Soulsville Charter School Llc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to The Soulsville Charter School Llc tax-deductible?
The Soulsville Charter School Llc is registered as a tax-exempt nonprofit (EIN: 201861028). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Soulsville Charter School Llc's spending goes to programs?
The Soulsville Charter School Llc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Soulsville Charter School Llc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), The Soulsville Charter School Llc is above average for NTEE category B29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Soulsville Charter School Llc located?
The Soulsville Charter School Llc is headquartered in Memphis, Tennessee and files with the IRS under EIN 201861028. It is classified under NTEE code B29.
How many years of IRS 990 filings does The Soulsville Charter School Llc have?
The Soulsville Charter School Llc 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 $9.5M in total revenue.
Is The Soulsville Charter School Llc a good charity?
Based on the available IRS 990 data, The Soulsville Charter School Llc appears to be a well-managed and mission-focused organization. Key strengths include consistent financial reporting, stable asset growth, and notably, 0% officer compensation, which suggests a strong commitment to directing funds towards its educational programs.
How has The Soulsville Charter School Llc's revenue trended over time?
The organization's revenue has generally shown growth and stability over the past decade, fluctuating between approximately $6.6 million and $10.2 million. The latest reported revenue is $9,454,940, indicating a healthy and consistent funding base.
What is the organization's financial stability?
The Soulsville Charter School Llc demonstrates good financial stability. Its assets have consistently grown, reaching $19,771,757, and it maintains a healthy asset-to-liability ratio, indicating a strong financial foundation capable of supporting its operations.
Filing History
IRS 990 filing history for The Soulsville Charter School Llc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Soulsville Charter School Llc's revenue has grown by 120.7%, moving from $4.1M to $9.2M. Total assets increased by 49.6% over the same period, from $13.8M to $20.7M. Total functional expenses rose by 165.4%, from $3.7M to $9.8M. In its most recent filing year (2023), The Soulsville Charter School Llc reported a deficit of $690K, with expenses exceeding revenue. The organization holds $10.9M in liabilities against $20.7M in assets (debt-to-asset ratio: 52.5%), resulting in net assets of $9.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.2M | $9.8M | $20.7M | $10.9M | — | View 990 |
| 2022 | $10.3M | $8.3M | $24.7M | $14.2M | — | View 990 |
| 2021 | $8.9M | $7.8M | $19.8M | $11.2M | — | View 990 |
| 2020 | $7.7M | $7.8M | $19.4M | $12.0M | — | View 990 |
| 2019 | $7.7M | $7.7M | $18.6M | $11.0M | — | View 990 |
| 2018 | $6.7M | $7.0M | $19.1M | $11.6M | — | View 990 |
| 2017 | $7.1M | $6.9M | $18.9M | $11.1M | — | View 990 |
| 2016 | $6.9M | $6.6M | $18.1M | $10.9M | — | View 990 |
| 2015 | $7.3M | $6.1M | $17.8M | $11.3M | — | View 990 |
| 2014 | $9.2M | $6.1M | $18.1M | $11.4M | — | View 990 |
| 2013 | $6.8M | $5.7M | $13.6M | $10.4M | — | View 990 |
| 2012 | $6.4M | $5.4M | $12.2M | $10.3M | — | View 990 |
| 2011 | $4.1M | $3.7M | $13.8M | $12.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.2M, expenses of $9.8M, and assets of $20.7M (revenue -10.7% year-over-year).
- 2022: Revenue of $10.3M, expenses of $8.3M, and assets of $24.7M (revenue +14.7% year-over-year).
- 2021: Revenue of $8.9M, expenses of $7.8M, and assets of $19.8M (revenue +16.7% year-over-year).
- 2020: Revenue of $7.7M, expenses of $7.8M, and assets of $19.4M (revenue -1.1% year-over-year).
- 2019: Revenue of $7.7M, expenses of $7.7M, and assets of $18.6M (revenue +16.2% year-over-year).
- 2018: Revenue of $6.7M, expenses of $7.0M, and assets of $19.1M (revenue -6.1% year-over-year).
- 2017: Revenue of $7.1M, expenses of $6.9M, and assets of $18.9M (revenue +2.6% year-over-year).
- 2016: Revenue of $6.9M, expenses of $6.6M, and assets of $18.1M (revenue -4.8% year-over-year).
- 2015: Revenue of $7.3M, expenses of $6.1M, and assets of $17.8M (revenue -20.8% year-over-year).
- 2014: Revenue of $9.2M, expenses of $6.1M, and assets of $18.1M (revenue +35.6% year-over-year).
- 2013: Revenue of $6.8M, expenses of $5.7M, and assets of $13.6M (revenue +6.1% year-over-year).
- 2012: Revenue of $6.4M, expenses of $5.4M, and assets of $12.2M (revenue +53.6% year-over-year).
- 2011: Revenue of $4.1M, expenses of $3.7M, and assets of $13.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Soulsville Charter School Llc:
Data Sources and Methodology
This transparency report for The Soulsville Charter School Llc 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.