Carolinas Ready Mixed Concrete Association Inc
EIN: 560565190 · Charlotte, NC
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $931K |
| Net Assets | $1.4M |
Is Carolinas Ready Mixed Concrete Association Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Carolinas Ready Mixed Concrete Association Inc
Carolinas Ready Mixed Concrete Association Inc (EIN: 560565190) is a nonprofit organization based in Charlotte, NC. The organization reported total revenue of $1.5M and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carolinas Ready Mixed Concrete Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carolinas Ready Mixed Concrete Association Inc is a mid-size nonprofit that has been operating for 74 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $931K |
| Surplus / Deficit | +$175K |
| Total Assets | $1.5M |
| Total Liabilities | $54K |
| Net Assets | $1.4M |
| Operating Margin | 15.8% |
| Debt-to-Asset Ratio | 3.7% |
| Months of Reserves | 18.8 months |
Financial Health Grade: A
In 2022, Carolinas Ready Mixed Concrete Association Inc reported a surplus of $175K with revenue exceeding expenses, holds 18.8 months of operating reserves (strong position), has a debt-to-asset ratio of 3.7% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), Carolinas Ready Mixed Concrete Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -5.4% | -8.4% | +13.6% |
| 2021 | +40.0% | +28.4% | +9.0% |
| 2020 | -26.7% | -26.1% | +6.4% |
| 2019 | +3.9% | +5.6% | +10.7% |
| 2018 | +1.2% | +8.4% | +4.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1952 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Carolinas Ready Mixed Concrete Association 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 Carolinas Ready Mixed Concrete Association 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $175K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.7%.
Frequently Asked Questions about Carolinas Ready Mixed Concrete Association Inc
Is Carolinas Ready Mixed Concrete Association Inc a legitimate charity?
Carolinas Ready Mixed Concrete Association Inc (EIN: 560565190) is a registered tax-exempt nonprofit based in North Carolina. It has 12 years of IRS 990 filings on record. Total revenue: $1.5M. No red flags identified. Financial health grade: A.
How does Carolinas Ready Mixed Concrete Association Inc spend its money?
Carolinas Ready Mixed Concrete Association Inc reported $1.5M in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Carolinas Ready Mixed Concrete Association Inc tax-deductible?
Carolinas Ready Mixed Concrete Association Inc is registered as a tax-exempt nonprofit (EIN: 560565190). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Carolinas Ready Mixed Concrete Association Inc located?
Carolinas Ready Mixed Concrete Association Inc is headquartered in Charlotte, North Carolina and files with the IRS under EIN 560565190.
How many years of IRS 990 filings does Carolinas Ready Mixed Concrete Association Inc have?
Carolinas Ready Mixed Concrete Association Inc 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 $1.5M in total revenue.
Filing History
IRS 990 filing history for Carolinas Ready Mixed Concrete Association Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Carolinas Ready Mixed Concrete Association Inc's revenue has grown by 40.4%, moving from $788K to $1.1M. Total assets increased by 29% over the same period, from $1.1M to $1.5M. Total functional expenses rose by 18.5%, from $786K to $931K. In its most recent filing year (2022), Carolinas Ready Mixed Concrete Association Inc reported a surplus of $175K, with revenue exceeding expenses. The organization holds $54K in liabilities against $1.5M in assets (debt-to-asset ratio: 3.7%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $1.1M | $931K | $1.5M | $54K | — | View 990 |
| 2021 | $1.2M | $1.0M | $1.3M | $55K | — | View 990 |
| 2020 | $835K | $792K | $1.2M | $103K | — | — |
| 2019 | $1.1M | $1.1M | $1.1M | $76K | — | — |
| 2018 | $1.1M | $1.0M | $999K | $35K | — | View 990 |
| 2017 | $1.1M | $936K | $961K | $77K | — | View 990 |
| 2016 | $859K | $849K | $999K | $261K | — | View 990 |
| 2015 | $826K | $888K | $1.1M | $361K | — | View 990 |
| 2014 | $860K | $878K | $1.1M | $322K | — | View 990 |
| 2013 | $795K | $753K | $1.1M | $252K | — | View 990 |
| 2012 | $805K | $831K | $1.1M | $340K | — | View 990 |
| 2011 | $788K | $786K | $1.1M | $338K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $1.1M, expenses of $931K, and assets of $1.5M (revenue -5.4% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.0M, and assets of $1.3M (revenue +40.0% year-over-year).
- 2020: Revenue of $835K, expenses of $792K, and assets of $1.2M (revenue -26.7% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.1M, and assets of $1.1M (revenue +3.9% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.0M, and assets of $999K (revenue +1.2% year-over-year).
- 2017: Revenue of $1.1M, expenses of $936K, and assets of $961K (revenue +26.2% year-over-year).
- 2016: Revenue of $859K, expenses of $849K, and assets of $999K (revenue +4.0% year-over-year).
- 2015: Revenue of $826K, expenses of $888K, and assets of $1.1M (revenue -4.0% year-over-year).
- 2014: Revenue of $860K, expenses of $878K, and assets of $1.1M (revenue +8.2% year-over-year).
- 2013: Revenue of $795K, expenses of $753K, and assets of $1.1M (revenue -1.3% year-over-year).
- 2012: Revenue of $805K, expenses of $831K, and assets of $1.1M (revenue +2.2% year-over-year).
- 2011: Revenue of $788K, expenses of $786K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carolinas Ready Mixed Concrete Association Inc:
Data Sources and Methodology
This transparency report for Carolinas Ready Mixed Concrete Association 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.