Center On Business And Poverty Inc
Center On Business And Poverty Inc faces financial instability with recent deficits and negative net assets.
EIN: 205282816 · Franklin, TN · NTEE: B60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $576K |
| Total Expenses | $264K |
| Program Spending | 70% |
| Transparency Score | 45/100 |
Is Center On Business And Poverty Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Center On Business And Poverty Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Center On Business And Poverty Inc
Center On Business And Poverty Inc (EIN: 205282816) is a nonprofit organization based in Franklin, TN, classified under NTEE code B60. The organization reported total revenue of $576K and total assets of $119K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Center On Business And Poverty Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Center On Business And Poverty Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 18.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $254K |
| Total Expenses | $264K |
| Surplus / Deficit | $-9,602 |
| Total Assets | $-42,287 |
| Net Assets | $18K |
| Operating Margin | -3.8% |
| Months of Reserves | -1.9 months |
Financial Health Grade: D
In 2023, Center On Business And Poverty Inc reported a deficit of $10K with expenses exceeding revenue, holds -1.9 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Center On Business And Poverty Inc's revenue has grown at a compound annual growth rate (CAGR) of 18.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +198.1% | +34.4% | -254.8% |
| 2022 | +319.9% | +4320.9% | +48.3% |
| 2021 | -76.9% | -97.0% | +623.5% |
| 2020 | +10.3% | +50.0% | -96.1% |
| 2019 | +42.1% | +192.7% | -24.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
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 Center On Business And Poverty Inc with a Mission Score of 45 out of 100 (Fair). 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, Center On Business And Poverty Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $10K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is likely volunteer-based or compensated through other means not categorized as officer compensation, which is positive for minimizing overhead.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Center On Business And Poverty Inc's IRS 990 filings:
- Negative net assets in 2023 ($-42,287) and significant liabilities ($-60,000) indicating financial distress.
- Consistent deficits in recent years, with expenses exceeding revenue in 2023 ($263,854 vs $254,252) and 2022 ($196,375 vs $85,277).
- Highly volatile revenue stream, making financial planning and stability challenging.
Strengths
The following positive indicators were identified for Center On Business And Poverty Inc:
- No reported officer compensation, suggesting a volunteer-driven or highly efficient leadership structure.
- Demonstrated ability to raise significant funds in certain years, such as $254,252 in 2023.
Frequently Asked Questions about Center On Business And Poverty Inc
Is Center On Business And Poverty Inc a legitimate charity?
Center On Business And Poverty Inc (EIN: 205282816) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 45/100. It has 13 years of IRS 990 filings on record. Total revenue: $576K. 3 red flags identified. 2 strengths noted. Financial health grade: C.
How does Center On Business And Poverty Inc spend its money?
Center On Business And Poverty Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Center On Business And Poverty Inc tax-deductible?
Center On Business And Poverty Inc is registered as a tax-exempt nonprofit (EIN: 205282816). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Center On Business And Poverty Inc's spending goes to programs?
Center On Business And Poverty Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Center On Business And Poverty Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Center On Business And Poverty Inc is near average for NTEE category B60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Center On Business And Poverty Inc located?
Center On Business And Poverty Inc is headquartered in Franklin, Tennessee and files with the IRS under EIN 205282816. It is classified under NTEE code B60.
How many years of IRS 990 filings does Center On Business And Poverty Inc have?
Center On Business And Poverty 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 $576K in total revenue.
Is Center On Business And Poverty Inc a good charity?
The recent financial data, particularly the negative assets and liabilities in 2023 and 2022, suggest significant financial challenges. While the organization has periods of positive net income, its current financial health raises concerns about its ability to sustain its mission effectively.
What caused the significant negative assets and liabilities in 2023?
The filings show that in 2023, the organization had assets of $-42,287 and liabilities of $-60,000. This indicates that the organization's liabilities exceeded its assets, resulting in a negative net asset position. The specific causes would require a deeper dive into their detailed financial statements, but it points to a significant financial shortfall.
How has the organization's revenue trended over the last five years?
Revenue has been highly volatile: $79,709 (2019), $87,945 (2020), $20,310 (2021), $85,277 (2022), and $254,252 (2023). This shows significant year-to-year fluctuations, with a notable dip in 2021 and a substantial increase in 2023, though still not enough to cover expenses in 2023.
Filing History
IRS 990 filing history for Center On Business And Poverty Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Center On Business And Poverty Inc's revenue has grown by 688.8%, moving from $32K to $254K. Total assets decreased by 233.8% over the same period, from $32K to $-42,287. Total functional expenses rose by 271.3%, from $71K to $264K. In its most recent filing year (2023), Center On Business And Poverty Inc reported a deficit of $10K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $254K | $264K | $-42,287 | $-60,000 | — | View 990 |
| 2022 | $85K | $196K | $27K | $120K | — | View 990 |
| 2021 | $20K | $4K | $18K | $0 | — | View 990 |
| 2020 | $88K | $150K | $3K | $0 | — | View 990 |
| 2019 | $80K | $100K | $65K | $0 | — | View 990 |
| 2018 | $56K | $34K | $85K | $0 | — | View 990 |
| 2017 | $76K | $36K | $63K | $0 | — | View 990 |
| 2016 | $70K | $85K | $23K | $0 | — | View 990 |
| 2015 | $48K | $48K | $38K | $0 | — | View 990 |
| 2014 | $43K | $36K | $38K | $0 | — | View 990 |
| 2013 | $108K | $41K | $31K | $0 | — | View 990 |
| 2012 | $77K | $101K | $8K | $44K | — | View 990 |
| 2011 | $32K | $71K | $32K | $44K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $254K, expenses of $264K, and assets of $-42,287 (revenue +198.1% year-over-year).
- 2022: Revenue of $85K, expenses of $196K, and assets of $27K (revenue +319.9% year-over-year).
- 2021: Revenue of $20K, expenses of $4K, and assets of $18K (revenue -76.9% year-over-year).
- 2020: Revenue of $88K, expenses of $150K, and assets of $3K (revenue +10.3% year-over-year).
- 2019: Revenue of $80K, expenses of $100K, and assets of $65K (revenue +42.1% year-over-year).
- 2018: Revenue of $56K, expenses of $34K, and assets of $85K (revenue -25.9% year-over-year).
- 2017: Revenue of $76K, expenses of $36K, and assets of $63K (revenue +7.9% year-over-year).
- 2016: Revenue of $70K, expenses of $85K, and assets of $23K (revenue +46.2% year-over-year).
- 2015: Revenue of $48K, expenses of $48K, and assets of $38K (revenue +11.4% year-over-year).
- 2014: Revenue of $43K, expenses of $36K, and assets of $38K (revenue -60.2% year-over-year).
- 2013: Revenue of $108K, expenses of $41K, and assets of $31K (revenue +40.8% year-over-year).
- 2012: Revenue of $77K, expenses of $101K, and assets of $8K (revenue +138.2% year-over-year).
- 2011: Revenue of $32K, expenses of $71K, and assets of $32K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Center On Business And Poverty Inc:
Data Sources and Methodology
This transparency report for Center On Business And Poverty 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.