Beloit 2020 Corporation
EIN: 363691397 · Beloit, WI · NTEE: S200
| Metric | Value |
|---|---|
| Total Revenue | $358K |
| Total Expenses | $212K |
| Net Assets | $2.8M |
Is Beloit 2020 Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Beloit 2020 Corporation
Beloit 2020 Corporation (EIN: 363691397) is a nonprofit organization based in Beloit, WI, classified under NTEE code S200. The organization reported total revenue of $358K and total assets of $3.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Beloit 2020 Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Beloit 2020 Corporation is a small nonprofit that has been operating for 36 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 4.3%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $245K |
| Total Expenses | $212K |
| Surplus / Deficit | +$32K |
| Total Assets | $2.9M |
| Total Liabilities | $114K |
| Net Assets | $2.8M |
| Operating Margin | 13.1% |
| Debt-to-Asset Ratio | 3.9% |
| Months of Reserves | 165.5 months |
Financial Health Grade: A
In 2022, Beloit 2020 Corporation reported a surplus of $32K with revenue exceeding expenses, holds 165.5 months of operating reserves (strong position), has a debt-to-asset ratio of 3.9% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), Beloit 2020 Corporation's revenue has grown at a compound annual growth rate (CAGR) of 4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +3.4% | -8.0% | -12.0% |
| 2021 | +89.7% | -34.7% | +6.8% |
| 2020 | -74.2% | +65.2% | +0.7% |
| 2019 | +110.9% | -66.4% | +19.4% |
| 2018 | -53.9% | -73.3% | -12.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Beloit 2020 Corporation 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 Beloit 2020 Corporation 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $32K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.9%.
Frequently Asked Questions about Beloit 2020 Corporation
Is Beloit 2020 Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Beloit 2020 Corporation (EIN: 363691397) insufficient data. 0 red flags identified, 0 strengths noted.
How does Beloit 2020 Corporation spend its money?
Detailed spending breakdown data is not yet available for Beloit 2020 Corporation. Check back for updated IRS 990 analysis.
Are donations to Beloit 2020 Corporation tax-deductible?
Beloit 2020 Corporation is registered as a tax-exempt nonprofit (EIN: 363691397). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Beloit 2020 Corporation located?
Beloit 2020 Corporation is headquartered in Beloit, Wisconsin and files with the IRS under EIN 363691397. It is classified under NTEE code S200.
How many years of IRS 990 filings does Beloit 2020 Corporation have?
Beloit 2020 Corporation 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 $358K in total revenue.
Filing History
IRS 990 filing history for Beloit 2020 Corporation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Beloit 2020 Corporation's revenue has grown by 58.7%, moving from $154K to $245K. Total assets increased by 191.9% over the same period, from $1.0M to $2.9M. Total functional expenses rose by 70.7%, from $124K to $212K. In its most recent filing year (2022), Beloit 2020 Corporation reported a surplus of $32K, with revenue exceeding expenses. The organization holds $114K in liabilities against $2.9M in assets (debt-to-asset ratio: 3.9%), resulting in net assets of $2.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $245K | $212K | $2.9M | $114K | — | View 990 |
| 2021 | $236K | $231K | $3.3M | $222K | — | View 990 |
| 2020 | $125K | $354K | $3.1M | $426K | — | — |
| 2019 | $484K | $214K | $3.1M | $406K | — | View 990 |
| 2018 | $230K | $637K | $2.6M | $487K | — | View 990 |
| 2017 | $498K | $2.4M | $3.0M | $257K | — | — |
| 2016 | $1.4M | $166K | $4.5M | $155K | — | View 990 |
| 2015 | $1.5M | $152K | $3.0M | $29K | — | View 990 |
| 2014 | $278K | $307K | $1.2M | $0 | — | View 990 |
| 2013 | $72K | $58K | $1.2M | $0 | — | View 990 |
| 2012 | $90K | $100K | $1.1M | $0 | — | View 990 |
| 2011 | $154K | $124K | $1.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $245K, expenses of $212K, and assets of $2.9M (revenue +3.4% year-over-year).
- 2021: Revenue of $236K, expenses of $231K, and assets of $3.3M (revenue +89.7% year-over-year).
- 2020: Revenue of $125K, expenses of $354K, and assets of $3.1M (revenue -74.2% year-over-year).
- 2019: Revenue of $484K, expenses of $214K, and assets of $3.1M (revenue +110.9% year-over-year).
- 2018: Revenue of $230K, expenses of $637K, and assets of $2.6M (revenue -53.9% year-over-year).
- 2017: Revenue of $498K, expenses of $2.4M, and assets of $3.0M (revenue -64.3% year-over-year).
- 2016: Revenue of $1.4M, expenses of $166K, and assets of $4.5M (revenue -7.1% year-over-year).
- 2015: Revenue of $1.5M, expenses of $152K, and assets of $3.0M (revenue +439.9% year-over-year).
- 2014: Revenue of $278K, expenses of $307K, and assets of $1.2M (revenue +284.4% year-over-year).
- 2013: Revenue of $72K, expenses of $58K, and assets of $1.2M (revenue -20.2% year-over-year).
- 2012: Revenue of $90K, expenses of $100K, and assets of $1.1M (revenue -41.3% year-over-year).
- 2011: Revenue of $154K, expenses of $124K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Beloit 2020 Corporation:
Data Sources and Methodology
This transparency report for Beloit 2020 Corporation 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.