Belafonte Tacolcy Center
EIN: 591376077 · Miami, FL · NTEE: O500
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $1.4M |
| Net Assets | $206K |
Is Belafonte Tacolcy Center Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Belafonte Tacolcy Center
Belafonte Tacolcy Center (EIN: 591376077) is a nonprofit organization based in Miami, FL, classified under NTEE code O500. The organization reported total revenue of $2.2M and total assets of $424K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Belafonte Tacolcy Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Belafonte Tacolcy Center is a mid-size nonprofit that has been operating for 51 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.4M |
| Surplus / Deficit | $-73,892 |
| Total Assets | $420K |
| Total Liabilities | $214K |
| Net Assets | $206K |
| Operating Margin | -5.4% |
| Debt-to-Asset Ratio | 51.0% |
| Months of Reserves | 3.5 months |
Financial Health Grade: C
In 2023, Belafonte Tacolcy Center reported a deficit of $74K with expenses exceeding revenue, holds 3.5 months of operating reserves (adequate), has a debt-to-asset ratio of 51.0% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Belafonte Tacolcy Center's revenue has grown at a compound annual growth rate (CAGR) of 1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +25.6% | +37.7% | +16.4% |
| 2022 | +13.3% | +23.3% | -13.6% |
| 2021 | +20.7% | +3.0% | +54.4% |
| 2020 | +26.8% | +43.1% | +14.3% |
| 2019 | -0.1% | -5.2% | -4.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1975 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Belafonte Tacolcy Center 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 Belafonte Tacolcy Center 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 $74K, with expenses exceeding revenue.
- Debt-to-asset ratio: 51.0%.
Frequently Asked Questions about Belafonte Tacolcy Center
Is Belafonte Tacolcy Center a legitimate charity?
Belafonte Tacolcy Center (EIN: 591376077) is a registered tax-exempt nonprofit based in Florida. It has 12 years of IRS 990 filings on record. Total revenue: $2.2M. No red flags identified. Financial health grade: C.
How does Belafonte Tacolcy Center spend its money?
Belafonte Tacolcy Center reported $2.2M in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Belafonte Tacolcy Center tax-deductible?
Belafonte Tacolcy Center is registered as a tax-exempt nonprofit (EIN: 591376077). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Belafonte Tacolcy Center located?
Belafonte Tacolcy Center is headquartered in Miami, Florida and files with the IRS under EIN 591376077. It is classified under NTEE code O500.
How many years of IRS 990 filings does Belafonte Tacolcy Center have?
Belafonte Tacolcy Center has 12 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 $2.2M in total revenue.
Filing History
IRS 990 filing history for Belafonte Tacolcy Center showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Belafonte Tacolcy Center's revenue has grown by 11.9%, moving from $1.2M to $1.4M. Total assets decreased by 44% over the same period, from $750K to $420K. Total functional expenses rose by 30.8%, from $1.1M to $1.4M. In its most recent filing year (2023), Belafonte Tacolcy Center reported a deficit of $74K, with expenses exceeding revenue. The organization holds $214K in liabilities against $420K in assets (debt-to-asset ratio: 51.0%), resulting in net assets of $206K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $1.4M | $420K | $214K | — | View 990 |
| 2022 | $1.1M | $1.0M | $361K | $82K | — | View 990 |
| 2021 | $962K | $850K | $418K | $181K | — | — |
| 2020 | $797K | $825K | $270K | $147K | — | View 990 |
| 2019 | $629K | $577K | $237K | $85K | — | View 990 |
| 2018 | $630K | $608K | $248K | $149K | — | View 990 |
| 2017 | $726K | $706K | $230K | $152K | — | View 990 |
| 2016 | $698K | $643K | $205K | $147K | — | View 990 |
| 2015 | $737K | $692K | $191K | $187K | — | View 990 |
| 2014 | $773K | $1.1M | $162K | $222K | — | View 990 |
| 2013 | $949K | $1.1M | $327K | $122K | — | View 990 |
| 2012 | $1.2M | $1.1M | $750K | $37K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $1.4M, and assets of $420K (revenue +25.6% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.0M, and assets of $361K (revenue +13.3% year-over-year).
- 2021: Revenue of $962K, expenses of $850K, and assets of $418K (revenue +20.7% year-over-year).
- 2020: Revenue of $797K, expenses of $825K, and assets of $270K (revenue +26.8% year-over-year).
- 2019: Revenue of $629K, expenses of $577K, and assets of $237K (revenue -0.1% year-over-year).
- 2018: Revenue of $630K, expenses of $608K, and assets of $248K (revenue -13.2% year-over-year).
- 2017: Revenue of $726K, expenses of $706K, and assets of $230K (revenue +4.0% year-over-year).
- 2016: Revenue of $698K, expenses of $643K, and assets of $205K (revenue -5.3% year-over-year).
- 2015: Revenue of $737K, expenses of $692K, and assets of $191K (revenue -4.7% year-over-year).
- 2014: Revenue of $773K, expenses of $1.1M, and assets of $162K (revenue -18.6% year-over-year).
- 2013: Revenue of $949K, expenses of $1.1M, and assets of $327K (revenue -22.4% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.1M, and assets of $750K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Belafonte Tacolcy Center:
Data Sources and Methodology
This transparency report for Belafonte Tacolcy Center 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.