Transformed By The Word Inc
EIN: 571150058 · Wilmington, NC · NTEE: P50
| Metric | Value |
|---|---|
| Total Revenue | $392K |
| Total Expenses | $320K |
| Net Assets | $-33,499 |
Is Transformed By The Word Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Transformed By The Word Inc
Transformed By The Word Inc (EIN: 571150058) is a nonprofit organization based in Wilmington, NC, classified under NTEE code P50. The organization reported total revenue of $392K and total assets of $96K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Transformed By The Word Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Transformed By The Word Inc is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 19.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $360K |
| Total Expenses | $320K |
| Surplus / Deficit | +$40K |
| Total Assets | $68K |
| Total Liabilities | $101K |
| Net Assets | $-33,499 |
| Operating Margin | 11.2% |
| Debt-to-Asset Ratio | 149.3% |
| Months of Reserves | 2.6 months |
Financial Health Grade: B
In 2023, Transformed By The Word Inc reported a surplus of $40K with revenue exceeding expenses, holds 2.6 months of operating reserves (limited), has a debt-to-asset ratio of 149.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Transformed By The Word Inc's revenue has grown at a compound annual growth rate (CAGR) of 19.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +44.6% | -1.0% | +149.0% |
| 2022 | -29.3% | -19.4% | -74.0% |
| 2021 | +7.0% | +16.5% | -38.5% |
| 2020 | +14.0% | +10.9% | +136.3% |
| 2019 | +14.4% | +51.4% | -19.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Transformed By The Word 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 Transformed By The Word 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 surplus of $40K, with revenue exceeding expenses.
- Debt-to-asset ratio: 149.3%.
Frequently Asked Questions about Transformed By The Word Inc
Is Transformed By The Word Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Transformed By The Word Inc (EIN: 571150058) insufficient data. 0 red flags identified, 0 strengths noted.
How does Transformed By The Word Inc spend its money?
Detailed spending breakdown data is not yet available for Transformed By The Word Inc. Check back for updated IRS 990 analysis.
Are donations to Transformed By The Word Inc tax-deductible?
Transformed By The Word Inc is registered as a tax-exempt nonprofit (EIN: 571150058). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Transformed By The Word Inc located?
Transformed By The Word Inc is headquartered in Wilmington, North Carolina and files with the IRS under EIN 571150058. It is classified under NTEE code P50.
How many years of IRS 990 filings does Transformed By The Word Inc have?
Transformed By The Word Inc 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 $392K in total revenue.
Filing History
IRS 990 filing history for Transformed By The Word Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Transformed By The Word Inc's revenue has grown by 762.8%, moving from $42K to $360K. Total assets increased by 1389.4% over the same period, from $5K to $68K. Total functional expenses rose by 715.8%, from $39K to $320K. In its most recent filing year (2023), Transformed By The Word Inc reported a surplus of $40K, with revenue exceeding expenses. The organization holds $101K in liabilities against $68K in assets (debt-to-asset ratio: 149.3%), resulting in net assets of $-33,499.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $360K | $320K | $68K | $101K | — | — |
| 2022 | $249K | $323K | $27K | $101K | — | View 990 |
| 2021 | $352K | $401K | $105K | $100K | — | View 990 |
| 2020 | $329K | $344K | $171K | $117K | — | View 990 |
| 2019 | $289K | $310K | $72K | $4K | — | View 990 |
| 2018 | $252K | $205K | $89K | $346 | — | View 990 |
| 2017 | $238K | $196K | $56K | $14K | — | View 990 |
| 2016 | $177K | $150K | $21K | $21K | — | View 990 |
| 2015 | $102K | $123K | $-8,911 | $18K | — | View 990 |
| 2014 | $62K | $54K | $10K | $16K | — | View 990 |
| 2013 | $69K | $57K | $2K | $18K | — | View 990 |
| 2012 | $55K | $67K | $5K | $33K | — | View 990 |
| 2011 | $42K | $39K | $5K | $20K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $360K, expenses of $320K, and assets of $68K (revenue +44.6% year-over-year).
- 2022: Revenue of $249K, expenses of $323K, and assets of $27K (revenue -29.3% year-over-year).
- 2021: Revenue of $352K, expenses of $401K, and assets of $105K (revenue +7.0% year-over-year).
- 2020: Revenue of $329K, expenses of $344K, and assets of $171K (revenue +14.0% year-over-year).
- 2019: Revenue of $289K, expenses of $310K, and assets of $72K (revenue +14.4% year-over-year).
- 2018: Revenue of $252K, expenses of $205K, and assets of $89K (revenue +6.2% year-over-year).
- 2017: Revenue of $238K, expenses of $196K, and assets of $56K (revenue +34.4% year-over-year).
- 2016: Revenue of $177K, expenses of $150K, and assets of $21K (revenue +74.0% year-over-year).
- 2015: Revenue of $102K, expenses of $123K, and assets of $-8,911 (revenue +64.5% year-over-year).
- 2014: Revenue of $62K, expenses of $54K, and assets of $10K (revenue -10.7% year-over-year).
- 2013: Revenue of $69K, expenses of $57K, and assets of $2K (revenue +26.9% year-over-year).
- 2012: Revenue of $55K, expenses of $67K, and assets of $5K (revenue +30.6% year-over-year).
- 2011: Revenue of $42K, expenses of $39K, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Transformed By The Word Inc:
Data Sources and Methodology
This transparency report for Transformed By The Word 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.