Atlanta Track Club Foundation Inc
EIN: 352724418 · Atlanta, GA · NTEE: N12
| Metric | Value |
|---|---|
| Total Revenue | $367K |
| Total Expenses | $634K |
| Net Assets | $-482,100 |
Is Atlanta Track Club Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Atlanta Track Club Foundation Inc
Atlanta Track Club Foundation Inc (EIN: 352724418) is a nonprofit organization based in Atlanta, GA, classified under NTEE code N12. The organization reported total revenue of $367K and total assets of $131K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Atlanta Track Club Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Atlanta Track Club Foundation Inc is a small nonprofit that has been operating for 4 years, with 3 years of IRS 990 filings on record (2021–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $394K |
| Total Expenses | $634K |
| Surplus / Deficit | $-240,809 |
| Total Assets | $172K |
| Total Liabilities | $654K |
| Net Assets | $-482,100 |
| Operating Margin | -61.2% |
| Debt-to-Asset Ratio | 380.8% |
| Months of Reserves | 3.2 months |
Financial Health Grade: C
In 2023, Atlanta Track Club Foundation Inc reported a deficit of $241K with expenses exceeding revenue, holds 3.2 months of operating reserves (adequate), has a debt-to-asset ratio of 380.8% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.3% | +6.0% | +255.4% |
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 Atlanta Track Club Foundation 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 Atlanta Track Club Foundation 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 $241K, with expenses exceeding revenue.
- Debt-to-asset ratio: 380.8%.
Frequently Asked Questions about Atlanta Track Club Foundation Inc
Is Atlanta Track Club Foundation Inc a legitimate charity?
Atlanta Track Club Foundation Inc (EIN: 352724418) is a registered tax-exempt nonprofit based in Georgia. It has 3 years of IRS 990 filings on record. Total revenue: $367K. No red flags identified. Financial health grade: C.
How does Atlanta Track Club Foundation Inc spend its money?
Atlanta Track Club Foundation Inc reported $367K in total revenue in IRS 990 filings. 3 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Atlanta Track Club Foundation Inc tax-deductible?
Atlanta Track Club Foundation Inc is registered as a tax-exempt nonprofit (EIN: 352724418). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Atlanta Track Club Foundation Inc located?
Atlanta Track Club Foundation Inc is headquartered in Atlanta, Georgia and files with the IRS under EIN 352724418. It is classified under NTEE code N12.
How many years of IRS 990 filings does Atlanta Track Club Foundation Inc have?
Atlanta Track Club Foundation Inc has 3 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 $367K in total revenue.
Filing History
IRS 990 filing history for Atlanta Track Club Foundation Inc showing financial trends over 3 years of public records:
Total assets increased by 17170700% over the same period, from $1 to $172K. In its most recent filing year (2023), Atlanta Track Club Foundation Inc reported a deficit of $241K, with expenses exceeding revenue. The organization holds $654K in liabilities against $172K in assets (debt-to-asset ratio: 380.8%), resulting in net assets of $-482,100.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $394K | $634K | $172K | $654K | — | — |
| 2022 | $357K | $598K | $48K | $290K | — | View 990 |
| 2021 | $0 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $394K, expenses of $634K, and assets of $172K (revenue +10.3% year-over-year).
- 2022: Revenue of $357K, expenses of $598K, and assets of $48K.
- 2021: Revenue of $0, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Atlanta Track Club Foundation Inc:
Data Sources and Methodology
This transparency report for Atlanta Track Club Foundation 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.