Averitt Express Associates Charities
EIN: 521548466 · Cookeville, TN · NTEE: T30
| Metric | Value |
|---|---|
| Total Revenue | $2.8M |
| Total Expenses | $1.2M |
| Net Assets | $877K |
Is Averitt Express Associates Charities Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Averitt Express Associates Charities
Averitt Express Associates Charities (EIN: 521548466) is a nonprofit organization based in Cookeville, TN, classified under NTEE code T30. The organization reported total revenue of $2.8M and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Averitt Express Associates Charities's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Averitt Express Associates Charities is a mid-size nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $545K |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-654,563 |
| Total Assets | $877K |
| Net Assets | $877K |
| Operating Margin | -120.0% |
| Months of Reserves | 8.8 months |
Financial Health Grade: B
In 2023, Averitt Express Associates Charities reported a deficit of $655K with expenses exceeding revenue, holds 8.8 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Averitt Express Associates Charities's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.2% | +14.3% | -42.7% |
| 2022 | +7.6% | +5.0% | -24.3% |
| 2021 | -1.3% | +0.0% | -19.2% |
| 2020 | -80.6% | +6666573.3% | -15.9% |
| 2019 | +280.6% | -100.0% | +953.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Averitt Express Associates Charities 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 Averitt Express Associates Charities 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 $655K, with expenses exceeding revenue.
Frequently Asked Questions about Averitt Express Associates Charities
Is Averitt Express Associates Charities a legitimate charity?
Based on AI analysis of IRS 990 filings, Averitt Express Associates Charities (EIN: 521548466) insufficient data. 0 red flags identified, 0 strengths noted.
How does Averitt Express Associates Charities spend its money?
Detailed spending breakdown data is not yet available for Averitt Express Associates Charities. Check back for updated IRS 990 analysis.
Are donations to Averitt Express Associates Charities tax-deductible?
Averitt Express Associates Charities is registered as a tax-exempt nonprofit (EIN: 521548466). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Averitt Express Associates Charities located?
Averitt Express Associates Charities is headquartered in Cookeville, Tennessee and files with the IRS under EIN 521548466. It is classified under NTEE code T30.
How many years of IRS 990 filings does Averitt Express Associates Charities have?
Averitt Express Associates Charities has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.8M in total revenue.
Filing History
IRS 990 filing history for Averitt Express Associates Charities showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Averitt Express Associates Charities's revenue has grown by 33.1%, moving from $410K to $545K. Total assets increased by 20.8% over the same period, from $726K to $877K. Total functional expenses rose by 185.7%, from $420K to $1.2M. In its most recent filing year (2023), Averitt Express Associates Charities reported a deficit of $655K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $545K | $1.2M | $877K | $0 | — | — |
| 2022 | $557K | $1.1M | $1.5M | $0 | — | — |
| 2021 | $518K | $1.0M | $2.0M | $0 | — | View 990 |
| 2020 | $525K | $1.0M | $2.5M | $0 | — | View 990 |
| 2019 | $2.7M | $15 | $3.0M | $0 | — | View 990 |
| 2018 | $709K | $1.3M | $283K | $0 | — | View 990 |
| 2017 | $678K | $100K | $874K | $0 | — | View 990 |
| 2016 | $529K | $1.0M | $296K | $0 | — | View 990 |
| 2015 | $505K | $36 | $802K | $0 | — | View 990 |
| 2014 | $441K | $450K | $297K | $0 | — | View 990 |
| 2013 | $406K | $425K | $306K | $0 | — | View 990 |
| 2012 | $399K | $800K | $325K | $0 | — | View 990 |
| 2011 | $410K | $420K | $726K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $545K, expenses of $1.2M, and assets of $877K (revenue -2.2% year-over-year).
- 2022: Revenue of $557K, expenses of $1.1M, and assets of $1.5M (revenue +7.6% year-over-year).
- 2021: Revenue of $518K, expenses of $1.0M, and assets of $2.0M (revenue -1.3% year-over-year).
- 2020: Revenue of $525K, expenses of $1.0M, and assets of $2.5M (revenue -80.6% year-over-year).
- 2019: Revenue of $2.7M, expenses of $15, and assets of $3.0M (revenue +280.6% year-over-year).
- 2018: Revenue of $709K, expenses of $1.3M, and assets of $283K (revenue +4.5% year-over-year).
- 2017: Revenue of $678K, expenses of $100K, and assets of $874K (revenue +28.2% year-over-year).
- 2016: Revenue of $529K, expenses of $1.0M, and assets of $296K (revenue +4.8% year-over-year).
- 2015: Revenue of $505K, expenses of $36, and assets of $802K (revenue +14.6% year-over-year).
- 2014: Revenue of $441K, expenses of $450K, and assets of $297K (revenue +8.7% year-over-year).
- 2013: Revenue of $406K, expenses of $425K, and assets of $306K (revenue +1.6% year-over-year).
- 2012: Revenue of $399K, expenses of $800K, and assets of $325K (revenue -2.6% year-over-year).
- 2011: Revenue of $410K, expenses of $420K, and assets of $726K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Averitt Express Associates Charities:
Data Sources and Methodology
This transparency report for Averitt Express Associates Charities 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.