Blackbelt Benefit Group
EIN: 462579122 · Selma, AL · NTEE: B99
| Metric | Value |
|---|---|
| Total Revenue | $146K |
| Total Expenses | $82K |
| Net Assets | $111K |
Is Blackbelt Benefit Group Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Blackbelt Benefit Group
Blackbelt Benefit Group (EIN: 462579122) is a nonprofit organization based in Selma, AL, classified under NTEE code B99. The organization reported total revenue of $146K and total assets of $109K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Blackbelt Benefit Group's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Blackbelt Benefit Group is a small nonprofit that has been operating for 12 years, with 5 years of IRS 990 filings on record (2015–2020). Revenue has grown at a compound annual rate of 49.1%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $96K |
| Total Expenses | $82K |
| Surplus / Deficit | +$14K |
| Total Assets | $114K |
| Total Liabilities | $3K |
| Net Assets | $111K |
| Operating Margin | 14.7% |
| Debt-to-Asset Ratio | 2.2% |
| Months of Reserves | 16.7 months |
Financial Health Grade: A
In 2020, Blackbelt Benefit Group reported a surplus of $14K with revenue exceeding expenses, holds 16.7 months of operating reserves (strong position), has a debt-to-asset ratio of 2.2% (very low leverage).
Financial Trends
Over 5 years of filings (2015–2020), Blackbelt Benefit Group's revenue has grown at a compound annual growth rate (CAGR) of 49.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -11.8% | -12.3% | +17.1% |
| 2019 | -28.2% | -6.1% | -0.8% |
| 2018 | +107.6% | +117.0% | +83.8% |
| 2016 | +460.5% | +80.0% | +827.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Blackbelt Benefit Group 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 Blackbelt Benefit Group 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $14K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.2%.
Frequently Asked Questions about Blackbelt Benefit Group
Is Blackbelt Benefit Group a legitimate charity?
Blackbelt Benefit Group (EIN: 462579122) is a registered tax-exempt nonprofit based in Alabama. It has 5 years of IRS 990 filings on record. Total revenue: $146K. No red flags identified. Financial health grade: A.
How does Blackbelt Benefit Group spend its money?
Blackbelt Benefit Group reported $146K in total revenue in IRS 990 filings. 5 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Blackbelt Benefit Group tax-deductible?
Blackbelt Benefit Group is registered as a tax-exempt nonprofit (EIN: 462579122). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Blackbelt Benefit Group located?
Blackbelt Benefit Group is headquartered in Selma, Alabama and files with the IRS under EIN 462579122. It is classified under NTEE code B99.
How many years of IRS 990 filings does Blackbelt Benefit Group have?
Blackbelt Benefit Group has 5 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 $146K in total revenue.
Filing History
IRS 990 filing history for Blackbelt Benefit Group showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2015–2020), Blackbelt Benefit Group's revenue has grown by 636.6%, moving from $13K to $96K. Total assets increased by 1879.9% over the same period, from $6K to $114K. Total functional expenses rose by 221.8%, from $25K to $82K. In its most recent filing year (2020), Blackbelt Benefit Group reported a surplus of $14K, with revenue exceeding expenses. The organization holds $3K in liabilities against $114K in assets (debt-to-asset ratio: 2.2%), resulting in net assets of $111K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $96K | $82K | $114K | $3K | — | View 990 |
| 2019 | $109K | $93K | $97K | $0 | — | View 990 |
| 2018 | $151K | $99K | $98K | $16K | — | View 990 |
| 2016 | $73K | $46K | $53K | $19K | — | View 990 |
| 2015 | $13K | $25K | $6K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $96K, expenses of $82K, and assets of $114K (revenue -11.8% year-over-year).
- 2019: Revenue of $109K, expenses of $93K, and assets of $97K (revenue -28.2% year-over-year).
- 2018: Revenue of $151K, expenses of $99K, and assets of $98K (revenue +107.6% year-over-year).
- 2016: Revenue of $73K, expenses of $46K, and assets of $53K (revenue +460.5% year-over-year).
- 2015: Revenue of $13K, expenses of $25K, and assets of $6K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Blackbelt Benefit Group:
Data Sources and Methodology
This transparency report for Blackbelt Benefit Group 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.