Atlanta Caribbean Carnival Bandleaders Association

Atlanta Caribbean Carnival Bandleaders Association shows revenue growth but recent asset decline.

EIN: 200492118 · Snellville, GA · NTEE: A23 · Updated: 2026-03-28

$366KRevenue

$490Assets

75/100Mission Score (Good)

A23

About Atlanta Caribbean Carnival Bandleaders Association

Atlanta Caribbean Carnival Bandleaders Association (EIN: 200492118) is a nonprofit organization based in Snellville, GA, classified under NTEE code A23. The organization reported total revenue of $366K and total assets of $490 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Atlanta Caribbean Carnival Bandleaders Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

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.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Atlanta Caribbean Carnival Bandleaders Association with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Atlanta Caribbean Carnival Bandleaders Association allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% in both available filings, indicating that officers are not compensated, which is highly favorable for a small nonprofit of this size.

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 Atlanta Caribbean Carnival Bandleaders Association's IRS 990 filings:

Significant decline in assets from $33,339 in 2022 to $490 in the latest report.
Expenses exceeded revenue in the 2019 period ($144,050 expenses vs. $85,000 revenue).

Strengths

The following positive indicators were identified for Atlanta Caribbean Carnival Bandleaders Association:

0% officer compensation reported in both available filings, indicating volunteer leadership.
Significant revenue growth from $85,000 in 2019 to $251,771 in 2022.
Positive net income in 2022 ($251,771 revenue vs. $218,432 expenses).

Frequently Asked Questions about Atlanta Caribbean Carnival Bandleaders Association

Is Atlanta Caribbean Carnival Bandleaders Association a good charity?

The organization shows a commitment to its mission by not compensating officers and has demonstrated revenue growth. However, the recent significant drop in assets from $33,339 to $490 is a concern that needs clarification to fully assess its financial stability.

Why did the organization's assets decrease so significantly from $33,339 in 2022 to $490 in the latest report?

The provided data does not offer a specific reason for this sharp decline. It could be due to significant program expenditures, debt repayment, or other financial activities not detailed in the summary data. Further investigation into their full financial statements would be necessary.

What is the organization's primary source of revenue?

The provided data only shows total revenue. To determine the primary source (e.g., contributions, program service revenue), one would need to examine the detailed revenue breakdown in their full IRS Form 990.

Filing History

IRS 990 filing history for Atlanta Caribbean Carnival Bandleaders Association showing financial trends over 2 years of public records:

Over 2 years of IRS 990 filings (2019–2022), Atlanta Caribbean Carnival Bandleaders Association's revenue has grown by 196.2%, moving from $85K to $252K. Total assets increased by 3333800% over the same period, from $1 to $33K. Total functional expenses rose by 51.6%, from $144K to $218K. In its most recent filing year (2022), Atlanta Caribbean Carnival Bandleaders Association reported a surplus of $33K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2022	$252K	$218K	$33K	$0	—	View 990
2019	$85K	$144K	$1	$0	—	—

Data Sources and Methodology

This transparency report for Atlanta Caribbean Carnival Bandleaders Association 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.