Cbib Inc
Cbib Inc frequently spends more than it earns, leading to fluctuating assets and increasing liabilities.
EIN: 204408361 · Lacombe, LA · NTEE: R62 · Updated: 2026-03-28
Is Cbib Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cbib Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Cbib Inc
Cbib Inc (EIN: 204408361) is a nonprofit organization based in Lacombe, LA, classified under NTEE code R62. The organization reported total revenue of $51K and total assets of $9K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cbib Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cbib Inc with a Mission Score of 65 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Cbib Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees received compensation, which is highly favorable for a small organization of this size.
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 Cbib Inc's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) in multiple years (2021, 2020, 2018, 2016).
- Significant increase in liabilities from $1,005 in 2019 to $25,029 in 2021, indicating potential financial strain.
- Low and fluctuating asset base relative to liabilities, suggesting limited financial reserves.
Strengths
The following positive indicators were identified for Cbib Inc:
- Zero reported officer compensation across all filings, indicating efficient use of funds at the executive level.
- Consistent filing of IRS Form 990s, demonstrating regulatory compliance and transparency in reporting.
Frequently Asked Questions about Cbib Inc
Is Cbib Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Cbib Inc (EIN: 204408361) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does Cbib Inc spend its money?
Cbib Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cbib Inc tax-deductible?
Cbib Inc is registered as a tax-exempt nonprofit (EIN: 204408361). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Cbib Inc financially stable?
Cbib Inc's financial stability is questionable, as expenses have exceeded revenue in four out of six reported periods (2021, 2020, 2018, 2016). This has led to an increase in liabilities, reaching $25,029 in 2021, and fluctuating asset levels.
How does Cbib Inc manage its liabilities?
The organization's liabilities have shown significant increases, particularly from $1,005 in 2019 to $24,126 in 2020 and further to $25,029 in 2021, suggesting a growing reliance on debt or deferred obligations to cover operational shortfalls.
What is the trend in Cbib Inc's revenue?
Cbib Inc's revenue has fluctuated over the years, ranging from a low of $22,205 in 2020 to a high of $53,961 in 2017. The latest reported revenue of $50,944 shows some recovery from the 2020 dip but is not consistently growing.
Filing History
IRS 990 filing history for Cbib Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2016–2021), Cbib Inc's revenue has grown by 26.1%, moving from $38K to $48K. Total assets decreased by 57% over the same period, from $7K to $3K. Total functional expenses rose by 34.3%, from $54K to $72K. In its most recent filing year (2021), Cbib Inc reported a deficit of $24K, with expenses exceeding revenue. The organization holds $25K in liabilities against $3K in assets (debt-to-asset ratio: 797.1%), resulting in net assets of $-21,889.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2021 | $48K | $72K | $3K | $25K | — | — |
| 2020 | $22K | $25K | $26K | $24K | — | — |
| 2019 | $47K | $45K | $6K | $1K | — | View 990 |
| 2018 | $44K | $48K | $3K | $0 | — | View 990 |
| 2017 | $54K | $53K | $8K | $665 | — | View 990 |
| 2016 | $38K | $54K | $7K | $635 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $48K, expenses of $72K, and assets of $3K (revenue +116.6% year-over-year).
- 2020: Revenue of $22K, expenses of $25K, and assets of $26K (revenue -52.7% year-over-year).
- 2019: Revenue of $47K, expenses of $45K, and assets of $6K (revenue +7.6% year-over-year).
- 2018: Revenue of $44K, expenses of $48K, and assets of $3K (revenue -19.2% year-over-year).
- 2017: Revenue of $54K, expenses of $53K, and assets of $8K (revenue +41.4% year-over-year).
- 2016: Revenue of $38K, expenses of $54K, and assets of $7K.
Data Sources and Methodology
This transparency report for Cbib 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.