American Speed Inc
American Speed Inc. reports no revenue or assets, indicating inactivity or nascent stage.
EIN: 10933194 · Louisville, KY · NTEE: N50 · Updated: 2026-03-28
Is American Speed Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About American Speed Inc
American Speed Inc (EIN: 10933194) is a nonprofit organization based in Louisville, KY, classified under NTEE code N50. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of American Speed Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
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 American Speed Inc with a Mission Score of 50 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: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, American Speed Inc allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Executive Compensation Analysis
No executive compensation data is available as the organization reports zero revenue and assets, suggesting no operational activity or paid staff.
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 American Speed Inc's IRS 990 filings:
- Zero revenue and assets reported, indicating potential inactivity or very early stage without operations.
- No financial history available for analysis of financial health or spending.
Strengths
The following positive indicators were identified for American Speed Inc:
- No reported liabilities, as there are no assets or revenue.
Frequently Asked Questions about American Speed Inc
Is American Speed Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, American Speed Inc (EIN: 10933194) some concerns. Mission Score: 50/100. 2 red flags identified, 1 strength noted.
How does American Speed Inc spend its money?
Detailed spending breakdown data is not yet available for American Speed Inc. Check back for updated IRS 990 analysis.
Are donations to American Speed Inc tax-deductible?
American Speed Inc is registered as a tax-exempt nonprofit (EIN: 10933194). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does American Speed Inc compare to similar nonprofits?
With a transparency score of 50/100 (Fair), American Speed Inc is near average for NTEE category N50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is American Speed Inc located?
American Speed Inc is headquartered in Louisville, Kentucky and files with the IRS under EIN 10933194. It is classified under NTEE code N50.
Is American Speed Inc. a good charity?
Based on the provided IRS 990 data showing $0 in revenue and assets, there is no financial activity to evaluate its effectiveness or charitable impact. It is not possible to determine if it is a 'good charity' without operational data.
What are American Speed Inc.'s primary programs?
The IRS 990 data indicates no financial activity, meaning there are no reported program expenses or descriptions of primary programs in operation.
Data Sources and Methodology
This transparency report for American Speed 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.