Cain Center Apartments Inc Brown Mackinnon
EIN: 611248979 · Louisville, KY
| Metric | Value |
|---|---|
| Total Revenue | $174K |
| Total Expenses | $202K |
| Net Assets | $630K |
Is Cain Center Apartments Inc Brown Mackinnon Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Cain Center Apartments Inc Brown Mackinnon
Cain Center Apartments Inc Brown Mackinnon (EIN: 611248979) is a nonprofit organization based in Louisville, KY. The organization reported total revenue of $174K and total assets of $638K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cain Center Apartments Inc Brown Mackinnon's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cain Center Apartments Inc Brown Mackinnon is a small nonprofit that has been operating for 32 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $171K |
| Total Expenses | $202K |
| Surplus / Deficit | $-31,392 |
| Total Assets | $722K |
| Total Liabilities | $91K |
| Net Assets | $630K |
| Operating Margin | -18.4% |
| Debt-to-Asset Ratio | 12.6% |
| Months of Reserves | 42.8 months |
Financial Health Grade: B
In 2023, Cain Center Apartments Inc Brown Mackinnon reported a deficit of $31K with expenses exceeding revenue, holds 42.8 months of operating reserves (strong position), has a debt-to-asset ratio of 12.6% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Cain Center Apartments Inc Brown Mackinnon's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.3% | +11.2% | -3.2% |
| 2022 | +0.5% | -7.0% | -5.0% |
| 2021 | -9.4% | -2.2% | -5.3% |
| 2020 | -0.5% | -6.3% | -5.4% |
| 2019 | -3.2% | +13.2% | -5.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Cain Center Apartments Inc Brown Mackinnon 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 Cain Center Apartments Inc Brown Mackinnon 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 deficit of $31K, with expenses exceeding revenue.
- Debt-to-asset ratio: 12.6%.
Frequently Asked Questions about Cain Center Apartments Inc Brown Mackinnon
Is Cain Center Apartments Inc Brown Mackinnon a legitimate charity?
Cain Center Apartments Inc Brown Mackinnon (EIN: 611248979) is a registered tax-exempt nonprofit based in Kentucky. It has 12 years of IRS 990 filings on record. Total revenue: $174K. No red flags identified. Financial health grade: B.
How does Cain Center Apartments Inc Brown Mackinnon spend its money?
Cain Center Apartments Inc Brown Mackinnon reported $174K in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Cain Center Apartments Inc Brown Mackinnon tax-deductible?
Cain Center Apartments Inc Brown Mackinnon is registered as a tax-exempt nonprofit (EIN: 611248979). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Cain Center Apartments Inc Brown Mackinnon located?
Cain Center Apartments Inc Brown Mackinnon is headquartered in Louisville, Kentucky and files with the IRS under EIN 611248979.
How many years of IRS 990 filings does Cain Center Apartments Inc Brown Mackinnon have?
Cain Center Apartments Inc Brown Mackinnon has 12 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 $174K in total revenue.
Filing History
IRS 990 filing history for Cain Center Apartments Inc Brown Mackinnon showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Cain Center Apartments Inc Brown Mackinnon's revenue has grown by 13.1%, moving from $151K to $171K. Total assets decreased by 38.9% over the same period, from $1.2M to $722K. Total functional expenses rose by 12.1%, from $181K to $202K. In its most recent filing year (2023), Cain Center Apartments Inc Brown Mackinnon reported a deficit of $31K, with expenses exceeding revenue. The organization holds $91K in liabilities against $722K in assets (debt-to-asset ratio: 12.6%), resulting in net assets of $630K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $171K | $202K | $722K | $91K | — | View 990 |
| 2022 | $140K | $182K | $745K | $92K | — | View 990 |
| 2021 | $139K | $196K | $784K | $89K | — | — |
| 2020 | $153K | $200K | $828K | $76K | — | View 990 |
| 2019 | $154K | $213K | $875K | $77K | — | View 990 |
| 2018 | $159K | $189K | $927K | $69K | — | View 990 |
| 2017 | $159K | $194K | $959K | $72K | — | View 990 |
| 2016 | $139K | $216K | $1.0M | $122K | — | View 990 |
| 2015 | $156K | $196K | $1.1M | $68K | — | View 990 |
| 2014 | $148K | $181K | $1.1M | $67K | — | View 990 |
| 2013 | $147K | $190K | $1.1M | $63K | — | View 990 |
| 2012 | $151K | $181K | $1.2M | $66K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $171K, expenses of $202K, and assets of $722K (revenue +22.3% year-over-year).
- 2022: Revenue of $140K, expenses of $182K, and assets of $745K (revenue +0.5% year-over-year).
- 2021: Revenue of $139K, expenses of $196K, and assets of $784K (revenue -9.4% year-over-year).
- 2020: Revenue of $153K, expenses of $200K, and assets of $828K (revenue -0.5% year-over-year).
- 2019: Revenue of $154K, expenses of $213K, and assets of $875K (revenue -3.2% year-over-year).
- 2018: Revenue of $159K, expenses of $189K, and assets of $927K (revenue +0.2% year-over-year).
- 2017: Revenue of $159K, expenses of $194K, and assets of $959K (revenue +14.1% year-over-year).
- 2016: Revenue of $139K, expenses of $216K, and assets of $1.0M (revenue -11.0% year-over-year).
- 2015: Revenue of $156K, expenses of $196K, and assets of $1.1M (revenue +5.5% year-over-year).
- 2014: Revenue of $148K, expenses of $181K, and assets of $1.1M (revenue +1.2% year-over-year).
- 2013: Revenue of $147K, expenses of $190K, and assets of $1.1M (revenue -3.1% year-over-year).
- 2012: Revenue of $151K, expenses of $181K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cain Center Apartments Inc Brown Mackinnon:
Data Sources and Methodology
This transparency report for Cain Center Apartments Inc Brown Mackinnon 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.