The Sublimity Life Foundation
The Sublimity Life Foundation faces financial instability with declining assets and inconsistent revenue generation.
EIN: 205773400 · Las Vegas, NV · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $221K |
| Total Expenses | $3K |
| Program Spending | 60% |
| Net Assets | $221K |
| Transparency Score | 45/100 |
Is The Sublimity Life Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Sublimity Life Foundation directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About The Sublimity Life Foundation
The Sublimity Life Foundation (EIN: 205773400) is a nonprofit organization based in Las Vegas, NV, classified under NTEE code T20. The organization reported total revenue of $221K and total assets of $232K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Sublimity Life Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Sublimity Life Foundation is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3K |
| Total Expenses | $3K |
| Surplus / Deficit | $-90 |
| Total Assets | $221K |
| Total Liabilities | $1 |
| Net Assets | $221K |
| Operating Margin | -3.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 996.5 months |
Financial Health Grade: B
In 2023, The Sublimity Life Foundation reported a deficit of $90 with expenses exceeding revenue, holds 996.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), The Sublimity Life Foundation's revenue has declined at a compound annual growth rate (CAGR) of -6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -3158500.0% | +1.5% | -24.7% |
| 2021 | -100.0% | -7.8% | -8.8% |
| 2020 | +72.8% | +43.9% | +87.5% |
| 2019 | +378.0% | -9.8% | +38.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Sublimity Life Foundation 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: 30%
- programs: 60%
- fundraising: 10%
According to IRS 990 filings, The Sublimity Life Foundation allocates its expenses as follows: admin: 30%, programs: 60%, fundraising: 10%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $90, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting a volunteer-led structure or that compensation is not reported in this specific field, which could be a positive for resource allocation if programs are robust.
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 Sublimity Life Foundation's IRS 990 filings:
- Inconsistent and often negative revenue generation (e.g., $-31,584 in 2022).
- Declining asset base, from $320,570 in 2020 to $220,561 in 2023, indicating reliance on reserves.
- Expenses frequently exceed revenue, suggesting unsustainable operations (e.g., 2023: $2,566 revenue vs. $2,656 expenses).
- Very low reported expenses relative to asset size, raising questions about program scale and impact.
Strengths
The following positive indicators were identified for The Sublimity Life Foundation:
- Consistently low liabilities ($1 in recent years, $0 historically), indicating minimal debt.
- No reported officer compensation, potentially maximizing funds for mission if programs are effective.
Frequently Asked Questions about The Sublimity Life Foundation
Is The Sublimity Life Foundation a legitimate charity?
The Sublimity Life Foundation (EIN: 205773400) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 45/100. It has 10 years of IRS 990 filings on record. Total revenue: $221K. 4 red flags identified. 2 strengths noted. Financial health grade: B.
How does The Sublimity Life Foundation spend its money?
The Sublimity Life Foundation directs 60% of its spending to programs and services. Fundraising costs 10%. This falls below the 65% benchmark.
Are donations to The Sublimity Life Foundation tax-deductible?
The Sublimity Life Foundation is registered as a tax-exempt nonprofit (EIN: 205773400). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Sublimity Life Foundation's spending goes to programs?
The Sublimity Life Foundation directs 60% to programs, 10% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does The Sublimity Life Foundation compare to similar nonprofits?
With a transparency score of 45/100 (Fair), The Sublimity Life Foundation is near average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Sublimity Life Foundation located?
The Sublimity Life Foundation is headquartered in Las Vegas, Nevada and files with the IRS under EIN 205773400. It is classified under NTEE code T20.
How many years of IRS 990 filings does The Sublimity Life Foundation have?
The Sublimity Life Foundation has 10 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 $221K in total revenue.
What are the specific programs and activities The Sublimity Life Foundation undertakes given its low reported expenses?
The provided data does not detail specific program activities. The consistently low expense figures (e.g., $2,656 in 2023) suggest either very limited program scope or significant in-kind contributions not reflected in financial expenses.
How does The Sublimity Life Foundation sustain its operations with frequently negative or minimal revenue?
The organization appears to be sustaining operations by drawing down its asset base, which has decreased from $320,570 in 2020 to $220,561 in 2023, rather than through consistent positive revenue generation.
What caused the negative revenue reported in 2022 ($-31,584)?
The provided data does not specify the cause of the negative revenue. This could be due to investment losses, significant returns of contributions, or accounting adjustments.
What is the long-term financial strategy for The Sublimity Life Foundation given its revenue volatility?
The financial data indicates a lack of a clear, stable revenue strategy, with significant year-to-year fluctuations and a trend of expenses often exceeding revenue. A long-term strategy is not evident from the filings.
Filing History
IRS 990 filing history for The Sublimity Life Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Sublimity Life Foundation's revenue has declined by 53.2%, moving from $5K to $3K. Total assets increased by 44.1% over the same period, from $153K to $221K. Total functional expenses fell by 71.8%, from $9K to $3K. In its most recent filing year (2023), The Sublimity Life Foundation reported a deficit of $90, with expenses exceeding revenue. The organization holds $1 in liabilities against $221K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $221K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3K | $3K | $221K | $1 | — | — |
| 2022 | $-31,584 | $4K | $220K | $1 | — | — |
| 2021 | $1 | $4K | $292K | $1 | — | — |
| 2020 | $34K | $4K | $321K | $1 | — | View 990 |
| 2019 | $20K | $3K | $171K | $1 | — | View 990 |
| 2015 | $4K | $3K | $124K | $0 | — | View 990 |
| 2014 | $5K | $2K | $130K | $0 | — | View 990 |
| 2013 | $4K | $8K | $126K | $0 | — | View 990 |
| 2012 | $8K | $21K | $143K | $0 | — | View 990 |
| 2011 | $5K | $9K | $153K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3K, expenses of $3K, and assets of $221K.
- 2022: Revenue of $-31,584, expenses of $4K, and assets of $220K (revenue -3158500.0% year-over-year).
- 2021: Revenue of $1, expenses of $4K, and assets of $292K (revenue -100.0% year-over-year).
- 2020: Revenue of $34K, expenses of $4K, and assets of $321K (revenue +72.8% year-over-year).
- 2019: Revenue of $20K, expenses of $3K, and assets of $171K (revenue +378.0% year-over-year).
- 2015: Revenue of $4K, expenses of $3K, and assets of $124K (revenue -20.3% year-over-year).
- 2014: Revenue of $5K, expenses of $2K, and assets of $130K (revenue +33.1% year-over-year).
- 2013: Revenue of $4K, expenses of $8K, and assets of $126K (revenue -49.4% year-over-year).
- 2012: Revenue of $8K, expenses of $21K, and assets of $143K (revenue +40.3% year-over-year).
- 2011: Revenue of $5K, expenses of $9K, and assets of $153K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Sublimity Life Foundation:
Data Sources and Methodology
This transparency report for The Sublimity Life Foundation 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.