Arqat Corporation
EIN: 872866898 · Bethany, WV · NTEE: B01
| Metric | Value |
|---|---|
| Total Revenue | $1 |
| Net Assets | $-4,035 |
Is Arqat Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Arqat Corporation
Arqat Corporation (EIN: 872866898) is a nonprofit organization based in Bethany, WV, classified under NTEE code B01. The organization reported total revenue of $1 and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Arqat Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Arqat Corporation is a micro nonprofit that has been operating for 4 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -100.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1 |
| Total Expenses | $0 |
| Surplus / Deficit | +$1 |
| Total Assets | $2K |
| Total Liabilities | $6K |
| Net Assets | $-4,035 |
| Operating Margin | 100.0% |
| Debt-to-Asset Ratio | 362.4% |
Financial Health Grade: B
In 2023, Arqat Corporation reported a surplus of $1 with revenue exceeding expenses, has a debt-to-asset ratio of 362.4% (high leverage).
Financial Trends
Over 2 years of filings (2022–2023), Arqat Corporation's revenue has declined at a compound annual growth rate (CAGR) of -100.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -100.0% | -100.0% | +28.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Arqat Corporation 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 Arqat Corporation 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:
- Debt-to-asset ratio: 362.4%.
Frequently Asked Questions about Arqat Corporation
Is Arqat Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Arqat Corporation (EIN: 872866898) insufficient data. 0 red flags identified, 0 strengths noted.
How does Arqat Corporation spend its money?
Detailed spending breakdown data is not yet available for Arqat Corporation. Check back for updated IRS 990 analysis.
Are donations to Arqat Corporation tax-deductible?
Arqat Corporation is registered as a tax-exempt nonprofit (EIN: 872866898). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Arqat Corporation located?
Arqat Corporation is headquartered in Bethany, West Virginia and files with the IRS under EIN 872866898. It is classified under NTEE code B01.
How many years of IRS 990 filings does Arqat Corporation have?
Arqat Corporation 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 $1 in total revenue.
Filing History
IRS 990 filing history for Arqat Corporation showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Arqat Corporation's revenue has declined by 100%, moving from $3K to $1. Total assets increased by 28.9% over the same period, from $1K to $2K. Total functional expenses fell by 100%, from $2K to $0. The organization holds $6K in liabilities against $2K in assets (debt-to-asset ratio: 362.4%), resulting in net assets of $-4,035.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1 | $0 | $2K | $6K | — | — |
| 2022 | $3K | $2K | $1K | $1 | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Arqat Corporation:
Data Sources and Methodology
This transparency report for Arqat Corporation 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.