Blackbelt Treasures
Blackbelt Treasures shows consistent revenue growth and asset accumulation with no reported officer compensation.
EIN: 202313213 · Camden, AL · NTEE: S31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $460K |
| Total Expenses | $450K |
| Program Spending | 85% |
| Net Assets | $283K |
| Transparency Score | 88/100 |
Is Blackbelt Treasures Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Blackbelt Treasures directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Blackbelt Treasures
Blackbelt Treasures (EIN: 202313213) is a nonprofit organization based in Camden, AL, classified under NTEE code S31. The organization reported total revenue of $460K and total assets of $428K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Blackbelt Treasures's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Blackbelt Treasures is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $499K |
| Total Expenses | $450K |
| Surplus / Deficit | +$49K |
| Total Assets | $392K |
| Total Liabilities | $110K |
| Net Assets | $283K |
| Operating Margin | 9.8% |
| Debt-to-Asset Ratio | 28.0% |
| Months of Reserves | 10.5 months |
Financial Health Grade: A
In 2023, Blackbelt Treasures reported a surplus of $49K with revenue exceeding expenses, holds 10.5 months of operating reserves (strong position), has a debt-to-asset ratio of 28.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Blackbelt Treasures's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.0% | +3.7% | +12.7% |
| 2022 | +9.8% | +19.7% | +9.8% |
| 2021 | -1.3% | +21.8% | -1.7% |
| 2020 | +17.5% | +4.4% | +24.1% |
| 2019 | +13.4% | -3.0% | +15.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Blackbelt Treasures with a Mission Score of 88 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Blackbelt Treasures allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $49K, with revenue exceeding expenses.
- Debt-to-asset ratio: 28.0%.
Executive Compensation Analysis
Blackbelt Treasures consistently reports 0% officer compensation across all 13 filings, which is highly unusual for an organization of its size with growing revenue and assets. This suggests either a fully volunteer executive leadership or compensation structured in a way that is not categorized as officer compensation on the 990, which could warrant further inquiry for complete transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Blackbelt Treasures's IRS 990 filings:
- Consistent 0% officer compensation across all filings, which is unusual for an organization of this scale and could indicate compensation is reported elsewhere or through related entities, warranting further scrutiny.
Strengths
The following positive indicators were identified for Blackbelt Treasures:
- Consistent revenue growth, increasing from $277,945 in 2014 to $498,837 in 2023, indicating strong financial sustainability.
- Healthy asset growth, from $139,424 in 2014 to $392,483 in 2023, demonstrating effective financial management and accumulation of resources.
- Consistent operation with a financial surplus, as expenses are generally lower than revenues, contributing to organizational stability.
- Long history of IRS 990 filings (13 periods), providing a transparent and extensive financial record.
Frequently Asked Questions about Blackbelt Treasures
Is Blackbelt Treasures a legitimate charity?
Based on AI analysis of IRS 990 filings, Blackbelt Treasures (EIN: 202313213) some concerns. Mission Score: 88/100. 1 red flag identified, 4 strengths noted.
How does Blackbelt Treasures spend its money?
Blackbelt Treasures directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Blackbelt Treasures tax-deductible?
Blackbelt Treasures is registered as a tax-exempt nonprofit (EIN: 202313213). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Blackbelt Treasures's spending goes to programs?
Blackbelt Treasures directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Blackbelt Treasures compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Blackbelt Treasures is above average for NTEE category S31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Blackbelt Treasures located?
Blackbelt Treasures is headquartered in Camden, Alabama and files with the IRS under EIN 202313213. It is classified under NTEE code S31.
How many years of IRS 990 filings does Blackbelt Treasures have?
Blackbelt Treasures has 13 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 $460K in total revenue.
How does Blackbelt Treasures manage to operate without reporting any officer compensation?
The consistent reporting of 0% officer compensation across all 13 filings is highly unusual. It suggests that executive leadership may be entirely volunteer-based, compensated through a related entity, or that their compensation is classified under other expense categories, which would require further investigation of the full 990 forms to understand.
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided summary data does not offer a detailed functional expense breakdown. While the organization's overall financial health is strong, a deeper dive into the full IRS 990 forms would be necessary to determine the exact percentages allocated to programs, administration, and fundraising.
What are the primary sources of Blackbelt Treasures' revenue growth?
Revenue has grown from $277,945 in 2014 to $498,837 in 2023. To understand the primary drivers of this growth (e.g., grants, contributions, program service revenue, sales), a review of the detailed revenue schedules within the full IRS 990 filings would be required.
Filing History
IRS 990 filing history for Blackbelt Treasures showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Blackbelt Treasures's revenue has grown by 74.2%, moving from $286K to $499K. Total assets increased by 341.7% over the same period, from $89K to $392K. Total functional expenses rose by 85.8%, from $242K to $450K. In its most recent filing year (2023), Blackbelt Treasures reported a surplus of $49K, with revenue exceeding expenses. The organization holds $110K in liabilities against $392K in assets (debt-to-asset ratio: 28.0%), resulting in net assets of $283K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $499K | $450K | $392K | $110K | — | — |
| 2022 | $437K | $434K | $348K | $115K | — | View 990 |
| 2021 | $398K | $362K | $317K | $87K | — | View 990 |
| 2020 | $404K | $297K | $323K | $129K | — | View 990 |
| 2019 | $344K | $285K | $260K | $173K | — | View 990 |
| 2018 | $303K | $294K | $225K | $197K | — | View 990 |
| 2017 | $271K | $260K | $207K | $188K | — | View 990 |
| 2016 | $297K | $264K | $199K | $190K | — | View 990 |
| 2015 | $303K | $330K | $142K | $166K | — | View 990 |
| 2014 | $278K | $252K | $139K | $137K | — | View 990 |
| 2013 | $258K | $182K | $123K | $147K | — | View 990 |
| 2012 | $56K | $123K | $27K | $126K | — | View 990 |
| 2011 | $286K | $242K | $89K | $121K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $499K, expenses of $450K, and assets of $392K (revenue +14.0% year-over-year).
- 2022: Revenue of $437K, expenses of $434K, and assets of $348K (revenue +9.8% year-over-year).
- 2021: Revenue of $398K, expenses of $362K, and assets of $317K (revenue -1.3% year-over-year).
- 2020: Revenue of $404K, expenses of $297K, and assets of $323K (revenue +17.5% year-over-year).
- 2019: Revenue of $344K, expenses of $285K, and assets of $260K (revenue +13.4% year-over-year).
- 2018: Revenue of $303K, expenses of $294K, and assets of $225K (revenue +11.8% year-over-year).
- 2017: Revenue of $271K, expenses of $260K, and assets of $207K (revenue -8.7% year-over-year).
- 2016: Revenue of $297K, expenses of $264K, and assets of $199K (revenue -2.0% year-over-year).
- 2015: Revenue of $303K, expenses of $330K, and assets of $142K (revenue +8.9% year-over-year).
- 2014: Revenue of $278K, expenses of $252K, and assets of $139K (revenue +7.8% year-over-year).
- 2013: Revenue of $258K, expenses of $182K, and assets of $123K (revenue +359.6% year-over-year).
- 2012: Revenue of $56K, expenses of $123K, and assets of $27K (revenue -80.4% year-over-year).
- 2011: Revenue of $286K, expenses of $242K, and assets of $89K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Blackbelt Treasures:
Data Sources and Methodology
This transparency report for Blackbelt Treasures 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.