Arbac Properties Inc
EIN: 851690443 · New Orleans, LA · NTEE: S47
| Metric | Value |
|---|---|
| Total Revenue | $24K |
| Total Expenses | $77K |
| Net Assets | $2.2M |
Is Arbac Properties Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Arbac Properties Inc
Arbac Properties Inc (EIN: 851690443) is a nonprofit organization based in New Orleans, LA, classified under NTEE code S47. The organization reported total revenue of $24K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Arbac Properties Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Arbac Properties Inc is a micro nonprofit that has been operating for 4 years, with 2 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 62.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $41K |
| Total Expenses | $77K |
| Surplus / Deficit | $-35,538 |
| Total Assets | $2.2M |
| Net Assets | $2.2M |
| Operating Margin | -85.9% |
| Months of Reserves | 341.9 months |
Financial Health Grade: B
In 2023, Arbac Properties Inc reported a deficit of $36K with expenses exceeding revenue, holds 341.9 months of operating reserves (strong position).
Financial Trends
Over 2 years of filings (2021–2023), Arbac Properties Inc's revenue has grown at a compound annual growth rate (CAGR) of 62.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +165.3% | -38.0% | -4.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Arbac Properties 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 Arbac Properties 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 $36K, with expenses exceeding revenue.
Frequently Asked Questions about Arbac Properties Inc
Is Arbac Properties Inc a legitimate charity?
Arbac Properties Inc (EIN: 851690443) is a registered tax-exempt nonprofit based in Louisiana. It has 2 years of IRS 990 filings on record. Total revenue: $24K. No red flags identified. Financial health grade: B.
How does Arbac Properties Inc spend its money?
Arbac Properties Inc reported $24K in total revenue in IRS 990 filings. 2 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Arbac Properties Inc tax-deductible?
Arbac Properties Inc is registered as a tax-exempt nonprofit (EIN: 851690443). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Arbac Properties Inc located?
Arbac Properties Inc is headquartered in New Orleans, Louisiana and files with the IRS under EIN 851690443. It is classified under NTEE code S47.
How many years of IRS 990 filings does Arbac Properties Inc have?
Arbac Properties Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $24K in total revenue.
Filing History
IRS 990 filing history for Arbac Properties Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2021–2023), Arbac Properties Inc's revenue has grown by 165.3%, moving from $16K to $41K. Total assets decreased by 4.4% over the same period, from $2.3M to $2.2M. Total functional expenses fell by 38%, from $124K to $77K. In its most recent filing year (2023), Arbac Properties Inc reported a deficit of $36K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $41K | $77K | $2.2M | $0 | — | — |
| 2021 | $16K | $124K | $2.3M | $0 | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Arbac Properties Inc:
Data Sources and Methodology
This transparency report for Arbac Properties 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.