Carter Issac Enterprises Inc
Carter Issac Enterprises Inc consistently operates near break-even or with slight deficits, maintaining a declining but stable asset base.
EIN: 208729625 · Connersville, IN · NTEE: F30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $418K |
| Total Expenses | $388K |
| Program Spending | 85% |
| Net Assets | $126K |
| Transparency Score | 75/100 |
Is Carter Issac Enterprises Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Carter Issac Enterprises Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Carter Issac Enterprises Inc
Carter Issac Enterprises Inc (EIN: 208729625) is a nonprofit organization based in Connersville, IN, classified under NTEE code F30. The organization reported total revenue of $418K and total assets of $234K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carter Issac Enterprises Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carter Issac Enterprises Inc is a small nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $376K |
| Total Expenses | $388K |
| Surplus / Deficit | $-11,050 |
| Total Assets | $256K |
| Total Liabilities | $130K |
| Net Assets | $126K |
| Operating Margin | -2.9% |
| Debt-to-Asset Ratio | 50.9% |
| Months of Reserves | 7.9 months |
Financial Health Grade: C
In 2023, Carter Issac Enterprises Inc reported a deficit of $11K with expenses exceeding revenue, holds 7.9 months of operating reserves (strong position), has a debt-to-asset ratio of 50.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Carter Issac Enterprises Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.4% | +15.2% | +2.2% |
| 2022 | -24.8% | -31.9% | -2.2% |
| 2021 | +42.4% | +15.3% | -24.3% |
| 2019 | -100.0% | -1.4% | +8.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Carter Issac Enterprises Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Carter Issac Enterprises Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $11K, with expenses exceeding revenue.
- Debt-to-asset ratio: 50.9%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, suggesting a volunteer-led organization or one where executive roles are not compensated, which is a strong positive for resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Carter Issac Enterprises Inc's IRS 990 filings:
- Frequent operational deficits (e.g., 2023, 2021, 2020, 2019, 2018, 2017, 2016)
- Unexplained $0 revenue reported in fiscal year 2019 while incurring significant expenses ($361,148)
- Declining asset base over the past decade (from $665,603 in 2014 to $255,680 in 2023)
Strengths
The following positive indicators were identified for Carter Issac Enterprises Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating efficient use of funds for mission.
- Regular and timely filing of IRS Form 990s, demonstrating transparency.
- Maintained a stable, albeit declining, asset base despite frequent operational deficits.
Frequently Asked Questions about Carter Issac Enterprises Inc
Is Carter Issac Enterprises Inc a legitimate charity?
Carter Issac Enterprises Inc (EIN: 208729625) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $418K. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Carter Issac Enterprises Inc spend its money?
Carter Issac Enterprises Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Carter Issac Enterprises Inc tax-deductible?
Carter Issac Enterprises Inc is registered as a tax-exempt nonprofit (EIN: 208729625). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Carter Issac Enterprises Inc's spending goes to programs?
Carter Issac Enterprises Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Carter Issac Enterprises Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Carter Issac Enterprises Inc is above average for NTEE category F30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Carter Issac Enterprises Inc located?
Carter Issac Enterprises Inc is headquartered in Connersville, Indiana and files with the IRS under EIN 208729625. It is classified under NTEE code F30.
How many years of IRS 990 filings does Carter Issac Enterprises Inc have?
Carter Issac Enterprises 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 $418K in total revenue.
Is Carter Issac Enterprises Inc a good charity?
Based on the available data, Carter Issac Enterprises Inc appears to be a reasonably good charity, particularly due to its consistent reporting of 0% officer compensation, indicating a strong commitment to directing funds towards its mission. However, the recurring operational deficits and the unexplained $0 revenue in 2019 warrant further inquiry.
What caused the $0 revenue in 2019?
The IRS 990 data for 2019 shows $0 in revenue while reporting $361,148 in expenses. This significant discrepancy requires further investigation into the organization's financial statements for that period to understand how operations were funded without reported income.
How does the organization cover its operational deficits?
The organization frequently reports expenses exceeding revenue, such as in 2023 ($387,539 expenses vs. $376,489 revenue). These deficits are likely covered by drawing down on accumulated assets or through unreported funding sources not reflected in the revenue figures, which would need further clarification from the organization.
Filing History
IRS 990 filing history for Carter Issac Enterprises Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Carter Issac Enterprises Inc's revenue has grown by 32.7%, moving from $284K to $376K. Total assets decreased by 50% over the same period, from $511K to $256K. Total functional expenses rose by 30.4%, from $297K to $388K. In its most recent filing year (2023), Carter Issac Enterprises Inc reported a deficit of $11K, with expenses exceeding revenue. The organization holds $130K in liabilities against $256K in assets (debt-to-asset ratio: 50.9%), resulting in net assets of $126K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $376K | $388K | $256K | $130K | — | — |
| 2022 | $347K | $336K | $250K | $114K | — | — |
| 2021 | $462K | $494K | $256K | $130K | — | View 990 |
| 2020 | $324K | $429K | $338K | $179K | — | — |
| 2019 | $0 | $361K | $627K | $365K | — | View 990 |
| 2018 | $357K | $366K | $577K | $317K | — | View 990 |
| 2017 | $372K | $453K | $560K | $291K | — | View 990 |
| 2016 | $308K | $324K | $633K | $282K | — | View 990 |
| 2015 | $292K | $295K | $614K | $247K | — | View 990 |
| 2014 | $306K | $305K | $666K | $295K | — | View 990 |
| 2013 | $358K | $280K | $581K | $244K | — | View 990 |
| 2012 | $362K | $297K | $510K | $249K | — | View 990 |
| 2011 | $284K | $297K | $511K | $316K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $376K, expenses of $388K, and assets of $256K (revenue +8.4% year-over-year).
- 2022: Revenue of $347K, expenses of $336K, and assets of $250K (revenue -24.8% year-over-year).
- 2021: Revenue of $462K, expenses of $494K, and assets of $256K (revenue +42.4% year-over-year).
- 2020: Revenue of $324K, expenses of $429K, and assets of $338K.
- 2019: Revenue of $0, expenses of $361K, and assets of $627K (revenue -100.0% year-over-year).
- 2018: Revenue of $357K, expenses of $366K, and assets of $577K (revenue -3.8% year-over-year).
- 2017: Revenue of $372K, expenses of $453K, and assets of $560K (revenue +20.6% year-over-year).
- 2016: Revenue of $308K, expenses of $324K, and assets of $633K (revenue +5.4% year-over-year).
- 2015: Revenue of $292K, expenses of $295K, and assets of $614K (revenue -4.4% year-over-year).
- 2014: Revenue of $306K, expenses of $305K, and assets of $666K (revenue -14.5% year-over-year).
- 2013: Revenue of $358K, expenses of $280K, and assets of $581K (revenue -1.4% year-over-year).
- 2012: Revenue of $362K, expenses of $297K, and assets of $510K (revenue +27.8% year-over-year).
- 2011: Revenue of $284K, expenses of $297K, and assets of $511K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carter Issac Enterprises Inc:
Data Sources and Methodology
This transparency report for Carter Issac Enterprises 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.