Two Fifteen Inc
EIN: 421370592 · Clinton, IA
| Metric | Value |
|---|---|
| Total Revenue | $81K |
| Total Expenses | $135K |
| Net Assets | $580K |
Is Two Fifteen Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Two Fifteen Inc
Two Fifteen Inc (EIN: 421370592) is a nonprofit organization based in Clinton, IA. The organization reported total revenue of $81K and total assets of $758K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Two Fifteen Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Two Fifteen Inc is a micro nonprofit that has been operating for 34 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -6.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $130K |
| Total Expenses | $135K |
| Surplus / Deficit | $-5,547 |
| Total Assets | $890K |
| Total Liabilities | $309K |
| Net Assets | $580K |
| Operating Margin | -4.3% |
| Debt-to-Asset Ratio | 34.8% |
| Months of Reserves | 79.0 months |
Financial Health Grade: B
In 2023, Two Fifteen Inc reported a deficit of $6K with expenses exceeding revenue, holds 79.0 months of operating reserves (strong position), has a debt-to-asset ratio of 34.8% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Two Fifteen Inc's revenue has declined at a compound annual growth rate (CAGR) of -6.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.3% | -7.4% | -5.7% |
| 2022 | +1.7% | +5.7% | -4.4% |
| 2021 | -9.6% | -17.1% | -4.9% |
| 2020 | +4.0% | +16.1% | -7.2% |
| 2019 | -73.7% | +0.0% | -4.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Two Fifteen 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 Two Fifteen 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 $6K, with expenses exceeding revenue.
- Debt-to-asset ratio: 34.8%.
Frequently Asked Questions about Two Fifteen Inc
Is Two Fifteen Inc a legitimate charity?
Two Fifteen Inc (EIN: 421370592) is a registered tax-exempt nonprofit based in Iowa. It has 12 years of IRS 990 filings on record. Total revenue: $81K. No red flags identified. Financial health grade: B.
How does Two Fifteen Inc spend its money?
Two Fifteen Inc reported $81K in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Two Fifteen Inc tax-deductible?
Two Fifteen Inc is registered as a tax-exempt nonprofit (EIN: 421370592). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Two Fifteen Inc located?
Two Fifteen Inc is headquartered in Clinton, Iowa and files with the IRS under EIN 421370592.
How many years of IRS 990 filings does Two Fifteen Inc have?
Two Fifteen Inc has 12 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 $81K in total revenue.
Filing History
IRS 990 filing history for Two Fifteen Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Two Fifteen Inc's revenue has declined by 53.4%, moving from $278K to $130K. Total assets decreased by 45% over the same period, from $1.6M to $890K. Total functional expenses fell by 43.6%, from $239K to $135K. In its most recent filing year (2023), Two Fifteen Inc reported a deficit of $6K, with expenses exceeding revenue. The organization holds $309K in liabilities against $890K in assets (debt-to-asset ratio: 34.8%), resulting in net assets of $580K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $130K | $135K | $890K | $309K | — | — |
| 2022 | $140K | $146K | $943K | $221K | — | View 990 |
| 2021 | $137K | $138K | $987K | $251K | — | — |
| 2020 | $152K | $167K | $1.0M | $279K | — | — |
| 2019 | $146K | $143K | $1.1M | $304K | — | View 990 |
| 2018 | $557K | $143K | $1.2M | $330K | — | View 990 |
| 2017 | $278K | $173K | $1.3M | $663K | — | View 990 |
| 2016 | $277K | $181K | $1.3M | $762K | — | View 990 |
| 2015 | $264K | $198K | $1.4M | $856K | — | View 990 |
| 2014 | $264K | $201K | $1.5M | $947K | — | View 990 |
| 2013 | $265K | $206K | $1.6M | $1.0M | — | View 990 |
| 2012 | $278K | $239K | $1.6M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $130K, expenses of $135K, and assets of $890K (revenue -7.3% year-over-year).
- 2022: Revenue of $140K, expenses of $146K, and assets of $943K (revenue +1.7% year-over-year).
- 2021: Revenue of $137K, expenses of $138K, and assets of $987K (revenue -9.6% year-over-year).
- 2020: Revenue of $152K, expenses of $167K, and assets of $1.0M (revenue +4.0% year-over-year).
- 2019: Revenue of $146K, expenses of $143K, and assets of $1.1M (revenue -73.7% year-over-year).
- 2018: Revenue of $557K, expenses of $143K, and assets of $1.2M (revenue +100.4% year-over-year).
- 2017: Revenue of $278K, expenses of $173K, and assets of $1.3M (revenue +0.3% year-over-year).
- 2016: Revenue of $277K, expenses of $181K, and assets of $1.3M (revenue +4.9% year-over-year).
- 2015: Revenue of $264K, expenses of $198K, and assets of $1.4M (revenue +0.3% year-over-year).
- 2014: Revenue of $264K, expenses of $201K, and assets of $1.5M (revenue -0.3% year-over-year).
- 2013: Revenue of $265K, expenses of $206K, and assets of $1.6M (revenue -4.9% year-over-year).
- 2012: Revenue of $278K, expenses of $239K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Two Fifteen Inc:
Data Sources and Methodology
This transparency report for Two Fifteen 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.