Balsam Mountain Tr
EIN: 562217688 · Sylva, NC · NTEE: C30
Is Balsam Mountain Tr Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Balsam Mountain Tr
Balsam Mountain Tr (EIN: 562217688) is a nonprofit organization based in Sylva, NC, classified under NTEE code C30. The organization reported total revenue of $405K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Balsam Mountain Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Balsam Mountain Tr is a small nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $450K |
| Total Expenses | $350K |
| Surplus / Deficit | +$100K |
| Total Assets | $1.2M |
| Net Assets | $1.2M |
| Operating Margin | 22.2% |
| Months of Reserves | 40.9 months |
Financial Health Grade: A
In 2023, Balsam Mountain Tr reported a surplus of $100K with revenue exceeding expenses, holds 40.9 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Balsam Mountain Tr's revenue has grown at a compound annual growth rate (CAGR) of 4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.1% | +1.8% | +9.1% |
| 2022 | +7.3% | +42.7% | +4.7% |
| 2021 | +45.0% | +8.3% | +13.6% |
| 2020 | -13.7% | -2.1% | +2.8% |
| 2019 | +11.9% | -6.5% | +8.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Balsam Mountain Tr 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 Balsam Mountain Tr 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 surplus of $100K, with revenue exceeding expenses.
Frequently Asked Questions about Balsam Mountain Tr
Is Balsam Mountain Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Balsam Mountain Tr (EIN: 562217688) insufficient data. 0 red flags identified, 0 strengths noted.
How does Balsam Mountain Tr spend its money?
Detailed spending breakdown data is not yet available for Balsam Mountain Tr. Check back for updated IRS 990 analysis.
Are donations to Balsam Mountain Tr tax-deductible?
Balsam Mountain Tr is registered as a tax-exempt nonprofit (EIN: 562217688). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Balsam Mountain Tr showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Balsam Mountain Tr's revenue has grown by 66.9%, moving from $270K to $450K. Total assets increased by 63.3% over the same period, from $732K to $1.2M. Total functional expenses rose by 43%, from $245K to $350K. In its most recent filing year (2023), Balsam Mountain Tr reported a surplus of $100K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $450K | $350K | $1.2M | $0 | — | — |
| 2022 | $394K | $344K | $1.1M | $-5,884 | — | View 990 |
| 2021 | $368K | $241K | $1.0M | $-4,825 | — | View 990 |
| 2020 | $253K | $223K | $920K | $-3,980 | — | View 990 |
| 2019 | $294K | $227K | $895K | $2K | — | View 990 |
| 2018 | $262K | $243K | $827K | $206 | — | View 990 |
| 2017 | $270K | $209K | $810K | $2K | — | View 990 |
| 2016 | $288K | $248K | $757K | $11K | — | View 990 |
| 2015 | $245K | $503K | $716K | $9K | — | View 990 |
| 2014 | $371K | $258K | $978K | $14K | — | View 990 |
| 2013 | $293K | $217K | $851K | $0 | — | View 990 |
| 2012 | $239K | $198K | $777K | $1K | — | View 990 |
| 2011 | $270K | $245K | $732K | $-2,500 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $450K, expenses of $350K, and assets of $1.2M (revenue +14.1% year-over-year).
- 2022: Revenue of $394K, expenses of $344K, and assets of $1.1M (revenue +7.3% year-over-year).
- 2021: Revenue of $368K, expenses of $241K, and assets of $1.0M (revenue +45.0% year-over-year).
- 2020: Revenue of $253K, expenses of $223K, and assets of $920K (revenue -13.7% year-over-year).
- 2019: Revenue of $294K, expenses of $227K, and assets of $895K (revenue +11.9% year-over-year).
- 2018: Revenue of $262K, expenses of $243K, and assets of $827K (revenue -2.9% year-over-year).
- 2017: Revenue of $270K, expenses of $209K, and assets of $810K (revenue -6.1% year-over-year).
- 2016: Revenue of $288K, expenses of $248K, and assets of $757K (revenue +17.3% year-over-year).
- 2015: Revenue of $245K, expenses of $503K, and assets of $716K (revenue -33.8% year-over-year).
- 2014: Revenue of $371K, expenses of $258K, and assets of $978K (revenue +26.7% year-over-year).
- 2013: Revenue of $293K, expenses of $217K, and assets of $851K (revenue +22.2% year-over-year).
- 2012: Revenue of $239K, expenses of $198K, and assets of $777K (revenue -11.2% year-over-year).
- 2011: Revenue of $270K, expenses of $245K, and assets of $732K.
Data Sources and Methodology
This transparency report for Balsam Mountain Tr 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.