Chip Terry Fund For First Responders Inc
EIN: 830910293 · California, KY · NTEE: M40
| Metric | Value |
|---|---|
| Total Revenue | $240K |
| Total Expenses | $148K |
| Net Assets | $43K |
Is Chip Terry Fund For First Responders Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Chip Terry Fund For First Responders Inc
Chip Terry Fund For First Responders Inc (EIN: 830910293) is a nonprofit organization based in California, KY, classified under NTEE code M40. The organization reported total revenue of $240K and total assets of $92K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chip Terry Fund For First Responders Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chip Terry Fund For First Responders Inc is a small nonprofit that has been operating for 7 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 59.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $145K |
| Total Expenses | $148K |
| Surplus / Deficit | $-2,811 |
| Total Assets | $43K |
| Net Assets | $43K |
| Operating Margin | -1.9% |
| Months of Reserves | 3.5 months |
Financial Health Grade: B
In 2023, Chip Terry Fund For First Responders Inc reported a deficit of $3K with expenses exceeding revenue, holds 3.5 months of operating reserves (adequate).
Financial Trends
Over 6 years of filings (2018–2023), Chip Terry Fund For First Responders Inc's revenue has grown at a compound annual growth rate (CAGR) of 59.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +165.0% | +161.6% | -6.1% |
| 2022 | -0.4% | +178.0% | -3.8% |
| 2021 | +676.5% | +21.5% | +269.7% |
| 2020 | -72.5% | +26.8% | -42.9% |
| 2019 | +85.7% | +232.8% | +126.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Chip Terry Fund For First Responders 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 Chip Terry Fund For First Responders 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3K, with expenses exceeding revenue.
Frequently Asked Questions about Chip Terry Fund For First Responders Inc
Is Chip Terry Fund For First Responders Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Chip Terry Fund For First Responders Inc (EIN: 830910293) insufficient data. 0 red flags identified, 0 strengths noted.
How does Chip Terry Fund For First Responders Inc spend its money?
Detailed spending breakdown data is not yet available for Chip Terry Fund For First Responders Inc. Check back for updated IRS 990 analysis.
Are donations to Chip Terry Fund For First Responders Inc tax-deductible?
Chip Terry Fund For First Responders Inc is registered as a tax-exempt nonprofit (EIN: 830910293). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Chip Terry Fund For First Responders Inc located?
Chip Terry Fund For First Responders Inc is headquartered in California, Kentucky and files with the IRS under EIN 830910293. It is classified under NTEE code M40.
How many years of IRS 990 filings does Chip Terry Fund For First Responders Inc have?
Chip Terry Fund For First Responders 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. The most recent filing shows $240K in total revenue.
Filing History
IRS 990 filing history for Chip Terry Fund For First Responders Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Chip Terry Fund For First Responders Inc's revenue has grown by 945%, moving from $14K to $145K. Total assets increased by 332.3% over the same period, from $10K to $43K. Total functional expenses rose by 3628.4%, from $4K to $148K. In its most recent filing year (2023), Chip Terry Fund For First Responders Inc reported a deficit of $3K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $145K | $148K | $43K | $0 | — | — |
| 2022 | $55K | $57K | $46K | $0 | — | — |
| 2021 | $55K | $20K | $48K | $0 | — | View 990 |
| 2020 | $7K | $17K | $13K | $0 | — | — |
| 2019 | $26K | $13K | $23K | $0 | — | View 990 |
| 2018 | $14K | $4K | $10K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $145K, expenses of $148K, and assets of $43K (revenue +165.0% year-over-year).
- 2022: Revenue of $55K, expenses of $57K, and assets of $46K (revenue -0.4% year-over-year).
- 2021: Revenue of $55K, expenses of $20K, and assets of $48K (revenue +676.5% year-over-year).
- 2020: Revenue of $7K, expenses of $17K, and assets of $13K (revenue -72.5% year-over-year).
- 2019: Revenue of $26K, expenses of $13K, and assets of $23K (revenue +85.7% year-over-year).
- 2018: Revenue of $14K, expenses of $4K, and assets of $10K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chip Terry Fund For First Responders Inc:
Data Sources and Methodology
This transparency report for Chip Terry Fund For First Responders 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.