Carousel Of Smiles Ltd
EIN: 814728058 · Sandpoint, ID · NTEE: A80
| Metric | Value |
|---|---|
| Total Revenue | $128K |
| Total Expenses | $65K |
| Net Assets | $69K |
Is Carousel Of Smiles Ltd Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Carousel Of Smiles Ltd
Carousel Of Smiles Ltd (EIN: 814728058) is a nonprofit organization based in Sandpoint, ID, classified under NTEE code A80. The organization reported total revenue of $128K and total assets of $97K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carousel Of Smiles Ltd's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carousel Of Smiles Ltd is a small nonprofit that has been operating for 9 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of -2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $103K |
| Total Expenses | $65K |
| Surplus / Deficit | +$38K |
| Total Assets | $80K |
| Total Liabilities | $11K |
| Net Assets | $69K |
| Operating Margin | 36.7% |
| Debt-to-Asset Ratio | 13.7% |
| Months of Reserves | 14.7 months |
Financial Health Grade: A
In 2023, Carousel Of Smiles Ltd reported a surplus of $38K with revenue exceeding expenses, holds 14.7 months of operating reserves (strong position), has a debt-to-asset ratio of 13.7% (very low leverage).
Financial Trends
Over 5 years of filings (2019–2023), Carousel Of Smiles Ltd's revenue has declined at a compound annual growth rate (CAGR) of -2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +55.9% | -3.6% | -0.8% |
| 2022 | -0.1% | +22.1% | -22.9% |
| 2021 | +0.4% | -13.8% | +9.1% |
| 2020 | -41.0% | +58.8% | +1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Carousel Of Smiles Ltd 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 Carousel Of Smiles Ltd 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 $38K, with revenue exceeding expenses.
- Debt-to-asset ratio: 13.7%.
Frequently Asked Questions about Carousel Of Smiles Ltd
Is Carousel Of Smiles Ltd a legitimate charity?
Carousel Of Smiles Ltd (EIN: 814728058) is a registered tax-exempt nonprofit based in Idaho. It has 5 years of IRS 990 filings on record. Total revenue: $128K. No red flags identified. Financial health grade: A.
How does Carousel Of Smiles Ltd spend its money?
Carousel Of Smiles Ltd reported $128K in total revenue in IRS 990 filings. 5 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Carousel Of Smiles Ltd tax-deductible?
Carousel Of Smiles Ltd is registered as a tax-exempt nonprofit (EIN: 814728058). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Carousel Of Smiles Ltd located?
Carousel Of Smiles Ltd is headquartered in Sandpoint, Idaho and files with the IRS under EIN 814728058. It is classified under NTEE code A80.
How many years of IRS 990 filings does Carousel Of Smiles Ltd have?
Carousel Of Smiles Ltd has 5 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 $128K in total revenue.
Filing History
IRS 990 filing history for Carousel Of Smiles Ltd showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Carousel Of Smiles Ltd's revenue has declined by 7.7%, moving from $112K to $103K. Total assets decreased by 15.1% over the same period, from $94K to $80K. Total functional expenses rose by 61.1%, from $40K to $65K. In its most recent filing year (2023), Carousel Of Smiles Ltd reported a surplus of $38K, with revenue exceeding expenses. The organization holds $11K in liabilities against $80K in assets (debt-to-asset ratio: 13.7%), resulting in net assets of $69K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $103K | $65K | $80K | $11K | — | — |
| 2022 | $66K | $68K | $81K | $0 | — | View 990 |
| 2021 | $66K | $55K | $105K | $0 | — | View 990 |
| 2020 | $66K | $64K | $96K | $0 | — | — |
| 2019 | $112K | $40K | $94K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $103K, expenses of $65K, and assets of $80K (revenue +55.9% year-over-year).
- 2022: Revenue of $66K, expenses of $68K, and assets of $81K (revenue -0.1% year-over-year).
- 2021: Revenue of $66K, expenses of $55K, and assets of $105K (revenue +0.4% year-over-year).
- 2020: Revenue of $66K, expenses of $64K, and assets of $96K (revenue -41.0% year-over-year).
- 2019: Revenue of $112K, expenses of $40K, and assets of $94K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carousel Of Smiles Ltd:
Data Sources and Methodology
This transparency report for Carousel Of Smiles Ltd 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.