Black & Gold Classic Inc
EIN: 462399242 · New Orleans, LA · NTEE: P20
Is Black & Gold Classic Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Black & Gold Classic Inc
Black & Gold Classic Inc (EIN: 462399242) is a nonprofit organization based in New Orleans, LA, classified under NTEE code P20. The organization reported total revenue of $136K and total assets of $23K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Black & Gold Classic Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Black & Gold Classic Inc 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 Black & Gold Classic Inc 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.
Frequently Asked Questions about Black & Gold Classic Inc
Is Black & Gold Classic Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Black & Gold Classic Inc (EIN: 462399242) insufficient data. 0 red flags identified, 0 strengths noted.
How does Black & Gold Classic Inc spend its money?
Detailed spending breakdown data is not yet available for Black & Gold Classic Inc. Check back for updated IRS 990 analysis.
Are donations to Black & Gold Classic Inc tax-deductible?
Black & Gold Classic Inc is registered as a tax-exempt nonprofit (EIN: 462399242). 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 Black & Gold Classic Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2022–2024), Black & Gold Classic Inc's revenue has declined by 64.3%, moving from $152K to $54K. Total assets decreased by 38.2% over the same period, from $37K to $23K. Total functional expenses fell by 37.8%, from $122K to $76K. In its most recent filing year (2024), Black & Gold Classic Inc reported a deficit of $22K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $54K | $76K | $23K | $0 | — | — |
| 2023 | $121K | $108K | $44K | $0 | — | View 990 |
| 2022 | $152K | $122K | $37K | $6K | — | — |
Year-by-Year Financial Summary
- 2024: Revenue of $54K, expenses of $76K, and assets of $23K (revenue -55.3% year-over-year).
- 2023: Revenue of $121K, expenses of $108K, and assets of $44K (revenue -20.3% year-over-year).
- 2022: Revenue of $152K, expenses of $122K, and assets of $37K.
Data Sources and Methodology
This transparency report for Black & Gold Classic Inc 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.