Is Atlanta Caribbean Carnival Bandleaders Association Legit?

Quick charity verification for Atlanta Caribbean Carnival Bandleaders Association (EIN: 200492118)

Verdict: Atlanta Caribbean Carnival Bandleaders Association appears trustworthy

75/100Mission Score
$366KRevenue
$490Assets
2Red Flags
3Strengths

Red Flags

Strengths

AI Transparency Report

The Atlanta Caribbean Carnival Bandleaders Association demonstrates a fluctuating financial history. In 2022, the organization reported revenue of $251,771 against expenses of $218,432, indicating a surplus for the period. This is a significant improvement from 2019, where expenses ($144,050) exceeded revenue ($85,000). The organization's assets have grown substantially from $1 in 2019 to $33,339 in 2022, and the latest filing shows assets of $490, which is a notable decrease from 2022. A key strength is the consistent reporting of 0% officer compensation, suggesting that leadership is not drawing salaries from the organization, which is positive for donor confidence. However, the significant drop in assets from $33,339 in 2022 to $490 in the latest report warrants further investigation to understand the underlying reasons.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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