Carolina Commerce & Technology Center Inc
EIN: 562209015 · Pembroke, NC · NTEE: S30
| Metric | Value |
|---|---|
| Total Revenue | $188K |
| Total Expenses | $302K |
| Net Assets | $1.4M |
Is Carolina Commerce & Technology Center Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Carolina Commerce & Technology Center Inc
Carolina Commerce & Technology Center Inc (EIN: 562209015) is a nonprofit organization based in Pembroke, NC, classified under NTEE code S30. The organization reported total revenue of $188K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carolina Commerce & Technology Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carolina Commerce & Technology Center Inc is a small nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -9.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $229K |
| Total Expenses | $302K |
| Surplus / Deficit | $-72,999 |
| Total Assets | $1.4M |
| Total Liabilities | $5K |
| Net Assets | $1.4M |
| Operating Margin | -31.8% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 53.9 months |
Financial Health Grade: B
In 2023, Carolina Commerce & Technology Center Inc reported a deficit of $73K with expenses exceeding revenue, holds 53.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Carolina Commerce & Technology Center Inc's revenue has declined at a compound annual growth rate (CAGR) of -9.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -34.7% | -3.0% | -5.1% |
| 2022 | +4.3% | +15.0% | +2.9% |
| 2021 | -8.1% | -33.9% | +4.9% |
| 2020 | +17.3% | +49.8% | -2.8% |
| 2019 | -1.0% | -3.0% | +2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Carolina Commerce & Technology Center 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 Carolina Commerce & Technology Center 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 deficit of $73K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.4%.
Frequently Asked Questions about Carolina Commerce & Technology Center Inc
Is Carolina Commerce & Technology Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Carolina Commerce & Technology Center Inc (EIN: 562209015) insufficient data. 0 red flags identified, 0 strengths noted.
How does Carolina Commerce & Technology Center Inc spend its money?
Detailed spending breakdown data is not yet available for Carolina Commerce & Technology Center Inc. Check back for updated IRS 990 analysis.
Are donations to Carolina Commerce & Technology Center Inc tax-deductible?
Carolina Commerce & Technology Center Inc is registered as a tax-exempt nonprofit (EIN: 562209015). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Carolina Commerce & Technology Center Inc located?
Carolina Commerce & Technology Center Inc is headquartered in Pembroke, North Carolina and files with the IRS under EIN 562209015. It is classified under NTEE code S30.
How many years of IRS 990 filings does Carolina Commerce & Technology Center Inc have?
Carolina Commerce & Technology Center Inc 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 $188K in total revenue.
Filing History
IRS 990 filing history for Carolina Commerce & Technology Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Carolina Commerce & Technology Center Inc's revenue has declined by 68.4%, moving from $727K to $229K. Total assets decreased by 44.9% over the same period, from $2.5M to $1.4M. Total functional expenses fell by 31.3%, from $440K to $302K. In its most recent filing year (2023), Carolina Commerce & Technology Center Inc reported a deficit of $73K, with expenses exceeding revenue. The organization holds $5K in liabilities against $1.4M in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $229K | $302K | $1.4M | $5K | — | View 990 |
| 2022 | $352K | $312K | $1.4M | $5K | — | View 990 |
| 2021 | $337K | $271K | $1.4M | $5K | — | View 990 |
| 2020 | $367K | $410K | $1.3M | $6K | — | View 990 |
| 2019 | $313K | $274K | $1.4M | $1K | — | View 990 |
| 2018 | $316K | $282K | $1.3M | $1K | — | View 990 |
| 2017 | $324K | $277K | $1.3M | $1K | — | View 990 |
| 2016 | $328K | $270K | $1.2M | $1K | — | View 990 |
| 2015 | $349K | $346K | $1.2M | $1K | — | View 990 |
| 2014 | $336K | $295K | $1.2M | $399 | — | View 990 |
| 2013 | $236K | $437K | $1.1M | $1K | — | View 990 |
| 2012 | $375K | $419K | $2.6M | $553K | — | View 990 |
| 2011 | $727K | $440K | $2.5M | $386K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $229K, expenses of $302K, and assets of $1.4M (revenue -34.7% year-over-year).
- 2022: Revenue of $352K, expenses of $312K, and assets of $1.4M (revenue +4.3% year-over-year).
- 2021: Revenue of $337K, expenses of $271K, and assets of $1.4M (revenue -8.1% year-over-year).
- 2020: Revenue of $367K, expenses of $410K, and assets of $1.3M (revenue +17.3% year-over-year).
- 2019: Revenue of $313K, expenses of $274K, and assets of $1.4M (revenue -1.0% year-over-year).
- 2018: Revenue of $316K, expenses of $282K, and assets of $1.3M (revenue -2.4% year-over-year).
- 2017: Revenue of $324K, expenses of $277K, and assets of $1.3M (revenue -1.4% year-over-year).
- 2016: Revenue of $328K, expenses of $270K, and assets of $1.2M (revenue -6.0% year-over-year).
- 2015: Revenue of $349K, expenses of $346K, and assets of $1.2M (revenue +4.0% year-over-year).
- 2014: Revenue of $336K, expenses of $295K, and assets of $1.2M (revenue +42.0% year-over-year).
- 2013: Revenue of $236K, expenses of $437K, and assets of $1.1M (revenue -37.0% year-over-year).
- 2012: Revenue of $375K, expenses of $419K, and assets of $2.6M (revenue -48.4% year-over-year).
- 2011: Revenue of $727K, expenses of $440K, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carolina Commerce & Technology Center Inc:
Data Sources and Methodology
This transparency report for Carolina Commerce & Technology Center 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.