Big Lake Neighborhood Closet Llc
EIN: 874350401 · Wasilla, AK · NTEE: P11
| Metric | Value |
|---|---|
| Total Revenue | $34K |
| Total Expenses | $39K |
| Net Assets | $44K |
Is Big Lake Neighborhood Closet Llc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Big Lake Neighborhood Closet Llc
Big Lake Neighborhood Closet Llc (EIN: 874350401) is a nonprofit organization based in Wasilla, AK, classified under NTEE code P11. The organization reported total revenue of $34K and total assets of $14K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Big Lake Neighborhood Closet Llc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Big Lake Neighborhood Closet Llc is a micro nonprofit that has been operating for 4 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 310.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $78K |
| Total Expenses | $39K |
| Surplus / Deficit | +$39K |
| Total Assets | $44K |
| Total Liabilities | $800 |
| Net Assets | $44K |
| Operating Margin | 49.8% |
| Debt-to-Asset Ratio | 1.8% |
| Months of Reserves | 13.6 months |
Financial Health Grade: A
In 2023, Big Lake Neighborhood Closet Llc reported a surplus of $39K with revenue exceeding expenses, holds 13.6 months of operating reserves (strong position), has a debt-to-asset ratio of 1.8% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), Big Lake Neighborhood Closet Llc's revenue has grown at a compound annual growth rate (CAGR) of 310.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +310.0% | +143.2% | +1418.7% |
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 Big Lake Neighborhood Closet Llc 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 Big Lake Neighborhood Closet Llc 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 $39K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.8%.
Frequently Asked Questions about Big Lake Neighborhood Closet Llc
Is Big Lake Neighborhood Closet Llc a legitimate charity?
Big Lake Neighborhood Closet Llc (EIN: 874350401) is a registered tax-exempt nonprofit based in Alaska. It has 2 years of IRS 990 filings on record. Total revenue: $34K. No red flags identified. Financial health grade: A.
How does Big Lake Neighborhood Closet Llc spend its money?
Big Lake Neighborhood Closet Llc reported $34K in total revenue in IRS 990 filings. 2 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Big Lake Neighborhood Closet Llc tax-deductible?
Big Lake Neighborhood Closet Llc is registered as a tax-exempt nonprofit (EIN: 874350401). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Big Lake Neighborhood Closet Llc located?
Big Lake Neighborhood Closet Llc is headquartered in Wasilla, Alaska and files with the IRS under EIN 874350401. It is classified under NTEE code P11.
How many years of IRS 990 filings does Big Lake Neighborhood Closet Llc have?
Big Lake Neighborhood Closet Llc has 2 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 $34K in total revenue.
Filing History
IRS 990 filing history for Big Lake Neighborhood Closet Llc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Big Lake Neighborhood Closet Llc's revenue has grown by 310%, moving from $19K to $78K. Total assets increased by 1418.7% over the same period, from $3K to $44K. Total functional expenses rose by 143.2%, from $16K to $39K. In its most recent filing year (2023), Big Lake Neighborhood Closet Llc reported a surplus of $39K, with revenue exceeding expenses. The organization holds $800 in liabilities against $44K in assets (debt-to-asset ratio: 1.8%), resulting in net assets of $44K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $78K | $39K | $44K | $800 | — | — |
| 2022 | $19K | $16K | $3K | $1 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Big Lake Neighborhood Closet Llc:
Data Sources and Methodology
This transparency report for Big Lake Neighborhood Closet Llc 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.