Central Arkansas Corvette Club Inc
EIN: 237114975 · Little Rock, AR
| Metric | Value |
|---|---|
| Total Expenses | $6K |
| Net Assets | $25K |
Is Central Arkansas Corvette Club Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Central Arkansas Corvette Club Inc
Central Arkansas Corvette Club Inc (EIN: 237114975) is a nonprofit organization based in Little Rock, AR. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Central Arkansas Corvette Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Central Arkansas Corvette Club Inc is a micro nonprofit that has been operating for 55 years, with 6 years of IRS 990 filings on record (2016–2021). Revenue has grown at a compound annual rate of -42.9%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $5K |
| Total Expenses | $6K |
| Surplus / Deficit | $-1,462 |
| Total Assets | $25K |
| Net Assets | $25K |
| Operating Margin | -29.2% |
| Months of Reserves | 45.6 months |
Financial Health Grade: B
In 2021, Central Arkansas Corvette Club Inc reported a deficit of $1K with expenses exceeding revenue, holds 45.6 months of operating reserves (strong position).
Financial Trends
Over 6 years of filings (2016–2021), Central Arkansas Corvette Club Inc's revenue has declined at a compound annual growth rate (CAGR) of -42.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -10.9% | -43.2% | -5.6% |
| 2020 | -90.0% | -81.7% | -6.3% |
| 2019 | -29.5% | -6.6% | -16.9% |
| 2018 | +7.2% | -12.2% | +68.0% |
| 2017 | -9.8% | -12.3% | +22.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1971 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Central Arkansas Corvette Club 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 Central Arkansas Corvette Club 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 (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1K, with expenses exceeding revenue.
Frequently Asked Questions about Central Arkansas Corvette Club Inc
Is Central Arkansas Corvette Club Inc a legitimate charity?
Central Arkansas Corvette Club Inc (EIN: 237114975) is a registered tax-exempt nonprofit based in Arkansas. It has 6 years of IRS 990 filings on record. No red flags identified. Financial health grade: B.
How does Central Arkansas Corvette Club Inc spend its money?
Central Arkansas Corvette Club Inc reported its financials in IRS 990 filings. 6 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Central Arkansas Corvette Club Inc tax-deductible?
Central Arkansas Corvette Club Inc is registered as a tax-exempt nonprofit (EIN: 237114975). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Central Arkansas Corvette Club Inc located?
Central Arkansas Corvette Club Inc is headquartered in Little Rock, Arkansas and files with the IRS under EIN 237114975.
How many years of IRS 990 filings does Central Arkansas Corvette Club Inc have?
Central Arkansas Corvette Club Inc has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Central Arkansas Corvette Club Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2016–2021), Central Arkansas Corvette Club Inc's revenue has declined by 93.9%, moving from $83K to $5K. Total assets increased by 51.6% over the same period, from $16K to $25K. Total functional expenses fell by 92.5%, from $86K to $6K. In its most recent filing year (2021), Central Arkansas Corvette Club Inc reported a deficit of $1K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $5K | $6K | $25K | $0 | — | View 990 |
| 2020 | $6K | $11K | $26K | $0 | — | — |
| 2019 | $57K | $62K | $28K | $0 | — | View 990 |
| 2018 | $80K | $67K | $33K | $0 | — | View 990 |
| 2017 | $75K | $76K | $20K | $0 | — | View 990 |
| 2016 | $83K | $86K | $16K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $5K, expenses of $6K, and assets of $25K (revenue -10.9% year-over-year).
- 2020: Revenue of $6K, expenses of $11K, and assets of $26K (revenue -90.0% year-over-year).
- 2019: Revenue of $57K, expenses of $62K, and assets of $28K (revenue -29.5% year-over-year).
- 2018: Revenue of $80K, expenses of $67K, and assets of $33K (revenue +7.2% year-over-year).
- 2017: Revenue of $75K, expenses of $76K, and assets of $20K (revenue -9.8% year-over-year).
- 2016: Revenue of $83K, expenses of $86K, and assets of $16K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Central Arkansas Corvette Club Inc:
Data Sources and Methodology
This transparency report for Central Arkansas Corvette Club 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.