C Tac Innovations Inc
EIN: 814231690 · Washington, DC · NTEE: E80
| Metric | Value |
|---|---|
| Total Revenue | $320K |
| Total Expenses | $751K |
| Net Assets | $-35,082 |
Is C Tac Innovations Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About C Tac Innovations Inc
C Tac Innovations Inc (EIN: 814231690) is a nonprofit organization based in Washington, DC, classified under NTEE code E80. The organization reported total revenue of $320K and total assets of $84K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of C Tac Innovations Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
C Tac Innovations Inc is a small nonprofit that has been operating for 9 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of -14.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $940K |
| Total Expenses | $751K |
| Surplus / Deficit | +$189K |
| Total Assets | $88K |
| Total Liabilities | $124K |
| Net Assets | $-35,082 |
| Operating Margin | 20.2% |
| Debt-to-Asset Ratio | 139.7% |
| Months of Reserves | 1.4 months |
Financial Health Grade: B
In 2023, C Tac Innovations Inc reported a surplus of $189K with revenue exceeding expenses, holds 1.4 months of operating reserves (limited), has a debt-to-asset ratio of 139.7% (high leverage).
Financial Trends
Over 6 years of filings (2018–2023), C Tac Innovations Inc's revenue has declined at a compound annual growth rate (CAGR) of -14.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.1% | -36.6% | -85.7% |
| 2022 | -12.7% | +2.3% | -18.5% |
| 2021 | +12.1% | -0.3% | +35.2% |
| 2020 | -39.6% | -38.2% | -2.4% |
| 2019 | -20.2% | -23.3% | -1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for C Tac Innovations 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 C Tac Innovations 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $189K, with revenue exceeding expenses.
- Debt-to-asset ratio: 139.7%.
Frequently Asked Questions about C Tac Innovations Inc
Is C Tac Innovations Inc a legitimate charity?
C Tac Innovations Inc (EIN: 814231690) is a registered tax-exempt nonprofit based in Washington DC. It has 6 years of IRS 990 filings on record. Total revenue: $320K. No red flags identified. Financial health grade: B.
How does C Tac Innovations Inc spend its money?
C Tac Innovations Inc reported $320K in total revenue in IRS 990 filings. 6 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to C Tac Innovations Inc tax-deductible?
C Tac Innovations Inc is registered as a tax-exempt nonprofit (EIN: 814231690). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is C Tac Innovations Inc located?
C Tac Innovations Inc is headquartered in Washington, Washington DC and files with the IRS under EIN 814231690. It is classified under NTEE code E80.
How many years of IRS 990 filings does C Tac Innovations Inc have?
C Tac Innovations Inc has 6 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 $320K in total revenue.
Filing History
IRS 990 filing history for C Tac Innovations Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), C Tac Innovations Inc's revenue has declined by 53.7%, moving from $2.0M to $940K. Total assets decreased by 84.9% over the same period, from $586K to $88K. Total functional expenses fell by 69.3%, from $2.4M to $751K. In its most recent filing year (2023), C Tac Innovations Inc reported a surplus of $189K, with revenue exceeding expenses. The organization holds $124K in liabilities against $88K in assets (debt-to-asset ratio: 139.7%), resulting in net assets of $-35,082.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $940K | $751K | $88K | $124K | — | — |
| 2022 | $960K | $1.2M | $621K | $845K | — | — |
| 2021 | $1.1M | $1.2M | $761K | $762K | — | View 990 |
| 2020 | $980K | $1.2M | $563K | $507K | — | — |
| 2019 | $1.6M | $1.9M | $577K | $341K | — | View 990 |
| 2018 | $2.0M | $2.4M | $586K | $96K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $940K, expenses of $751K, and assets of $88K (revenue -2.1% year-over-year).
- 2022: Revenue of $960K, expenses of $1.2M, and assets of $621K (revenue -12.7% year-over-year).
- 2021: Revenue of $1.1M, expenses of $1.2M, and assets of $761K (revenue +12.1% year-over-year).
- 2020: Revenue of $980K, expenses of $1.2M, and assets of $563K (revenue -39.6% year-over-year).
- 2019: Revenue of $1.6M, expenses of $1.9M, and assets of $577K (revenue -20.2% year-over-year).
- 2018: Revenue of $2.0M, expenses of $2.4M, and assets of $586K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for C Tac Innovations Inc:
Data Sources and Methodology
This transparency report for C Tac Innovations 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.