Building Owners And Managers Association Of Greater Charlotte
EIN: 261415564 · Charlotte, NC
| Metric | Value |
|---|---|
| Total Revenue | $260K |
| Total Expenses | $242K |
| Net Assets | $110K |
Is Building Owners And Managers Association Of Greater Charlotte Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Building Owners And Managers Association Of Greater Charlotte
Building Owners And Managers Association Of Greater Charlotte (EIN: 261415564) is a nonprofit organization based in Charlotte, NC. The organization reported total revenue of $260K and total assets of $269K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Building Owners And Managers Association Of Greater Charlotte's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Building Owners And Managers Association Of Greater Charlotte is a small nonprofit that has been operating for 34 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $261K |
| Total Expenses | $242K |
| Surplus / Deficit | +$20K |
| Total Assets | $138K |
| Total Liabilities | $28K |
| Net Assets | $110K |
| Operating Margin | 7.5% |
| Debt-to-Asset Ratio | 20.6% |
| Months of Reserves | 6.9 months |
Financial Health Grade: A
In 2023, Building Owners And Managers Association Of Greater Charlotte reported a surplus of $20K with revenue exceeding expenses, holds 6.9 months of operating reserves (strong position), has a debt-to-asset ratio of 20.6% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Building Owners And Managers Association Of Greater Charlotte's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.0% | -3.0% | -4.7% |
| 2022 | +1.5% | +4.7% | +26.9% |
| 2021 | +30.1% | +38.4% | +36.6% |
| 2020 | -24.6% | -29.0% | +29.5% |
| 2019 | +17.9% | +5.7% | +78.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Building Owners And Managers Association Of Greater Charlotte 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 Building Owners And Managers Association Of Greater Charlotte 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 $20K, with revenue exceeding expenses.
- Debt-to-asset ratio: 20.6%.
Frequently Asked Questions about Building Owners And Managers Association Of Greater Charlotte
Is Building Owners And Managers Association Of Greater Charlotte a legitimate charity?
Building Owners And Managers Association Of Greater Charlotte (EIN: 261415564) is a registered tax-exempt nonprofit based in North Carolina. It has 14 years of IRS 990 filings on record. Total revenue: $260K. No red flags identified. Financial health grade: A.
How does Building Owners And Managers Association Of Greater Charlotte spend its money?
Building Owners And Managers Association Of Greater Charlotte reported $260K in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Building Owners And Managers Association Of Greater Charlotte tax-deductible?
Building Owners And Managers Association Of Greater Charlotte is registered as a tax-exempt nonprofit (EIN: 261415564). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Building Owners And Managers Association Of Greater Charlotte located?
Building Owners And Managers Association Of Greater Charlotte is headquartered in Charlotte, North Carolina and files with the IRS under EIN 261415564.
How many years of IRS 990 filings does Building Owners And Managers Association Of Greater Charlotte have?
Building Owners And Managers Association Of Greater Charlotte has 14 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 $260K in total revenue.
Filing History
IRS 990 filing history for Building Owners And Managers Association Of Greater Charlotte showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Building Owners And Managers Association Of Greater Charlotte's revenue has grown by 39.3%, moving from $188K to $261K. Total assets decreased by 2.5% over the same period, from $142K to $138K. Total functional expenses rose by 53.7%, from $157K to $242K. In its most recent filing year (2023), Building Owners And Managers Association Of Greater Charlotte reported a surplus of $20K, with revenue exceeding expenses. The organization holds $28K in liabilities against $138K in assets (debt-to-asset ratio: 20.6%), resulting in net assets of $110K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $261K | $242K | $138K | $28K | — | — |
| 2022 | $256K | $249K | $145K | $55K | — | View 990 |
| 2021 | $252K | $238K | $114K | $31K | — | View 990 |
| 2020 | $194K | $172K | $84K | $15K | — | View 990 |
| 2019 | $257K | $242K | $65K | $17K | — | View 990 |
| 2018 | $218K | $229K | $36K | $4K | — | View 990 |
| 2017 | $192K | $219K | $53K | $10K | — | View 990 |
| 2016 | $171K | $168K | $70K | $0 | — | View 990 |
| 2015 | $401K | $392K | $87K | $597 | — | View 990 |
| 2014 | $262K | $240K | $103K | $13K | — | View 990 |
| 2013 | $143K | $217K | $67K | $9K | — | View 990 |
| 2012 | $203K | $182K | $133K | $2K | — | View 990 |
| 2011 | $119K | $149K | $112K | $453 | — | View 990 |
| 2010 | $188K | $157K | $142K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $261K, expenses of $242K, and assets of $138K (revenue +2.0% year-over-year).
- 2022: Revenue of $256K, expenses of $249K, and assets of $145K (revenue +1.5% year-over-year).
- 2021: Revenue of $252K, expenses of $238K, and assets of $114K (revenue +30.1% year-over-year).
- 2020: Revenue of $194K, expenses of $172K, and assets of $84K (revenue -24.6% year-over-year).
- 2019: Revenue of $257K, expenses of $242K, and assets of $65K (revenue +17.9% year-over-year).
- 2018: Revenue of $218K, expenses of $229K, and assets of $36K (revenue +13.8% year-over-year).
- 2017: Revenue of $192K, expenses of $219K, and assets of $53K (revenue +12.5% year-over-year).
- 2016: Revenue of $171K, expenses of $168K, and assets of $70K (revenue -57.5% year-over-year).
- 2015: Revenue of $401K, expenses of $392K, and assets of $87K (revenue +53.4% year-over-year).
- 2014: Revenue of $262K, expenses of $240K, and assets of $103K (revenue +83.3% year-over-year).
- 2013: Revenue of $143K, expenses of $217K, and assets of $67K (revenue -29.6% year-over-year).
- 2012: Revenue of $203K, expenses of $182K, and assets of $133K (revenue +70.6% year-over-year).
- 2011: Revenue of $119K, expenses of $149K, and assets of $112K (revenue -36.7% year-over-year).
- 2010: Revenue of $188K, expenses of $157K, and assets of $142K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Building Owners And Managers Association Of Greater Charlotte:
Data Sources and Methodology
This transparency report for Building Owners And Managers Association Of Greater Charlotte 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.