Classically Formed Inc
EIN: 851088835 · Tulsa, OK · NTEE: B29
| Metric | Value |
|---|---|
| Total Revenue | $4.9M |
| Total Expenses | $507K |
| Net Assets | $174K |
Is Classically Formed Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Classically Formed Inc
Classically Formed Inc (EIN: 851088835) is a nonprofit organization based in Tulsa, OK, classified under NTEE code B29. The organization reported total revenue of $4.9M and total assets of $467K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Classically Formed Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Classically Formed Inc is a mid-size nonprofit that has been operating for 5 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 126.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $193K |
| Total Expenses | $507K |
| Surplus / Deficit | $-314,072 |
| Total Assets | $310K |
| Total Liabilities | $136K |
| Net Assets | $174K |
| Operating Margin | -162.4% |
| Debt-to-Asset Ratio | 43.9% |
| Months of Reserves | 7.3 months |
Financial Health Grade: B
In 2023, Classically Formed Inc reported a deficit of $314K with expenses exceeding revenue, holds 7.3 months of operating reserves (strong position), has a debt-to-asset ratio of 43.9% (moderate leverage).
Financial Trends
Over 3 years of filings (2021–2023), Classically Formed Inc's revenue has grown at a compound annual growth rate (CAGR) of 126.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -65.5% | +414.3% | -36.5% |
| 2022 | +1382.9% | +688.0% | +1602.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Classically Formed 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 Classically Formed 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 $314K, with expenses exceeding revenue.
- Debt-to-asset ratio: 43.9%.
Frequently Asked Questions about Classically Formed Inc
Is Classically Formed Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Classically Formed Inc (EIN: 851088835) insufficient data. 0 red flags identified, 0 strengths noted.
How does Classically Formed Inc spend its money?
Detailed spending breakdown data is not yet available for Classically Formed Inc. Check back for updated IRS 990 analysis.
Are donations to Classically Formed Inc tax-deductible?
Classically Formed Inc is registered as a tax-exempt nonprofit (EIN: 851088835). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Classically Formed Inc located?
Classically Formed Inc is headquartered in Tulsa, Oklahoma and files with the IRS under EIN 851088835. It is classified under NTEE code B29.
How many years of IRS 990 filings does Classically Formed Inc have?
Classically Formed Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $4.9M in total revenue.
Filing History
IRS 990 filing history for Classically Formed Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Classically Formed Inc's revenue has grown by 410.9%, moving from $38K to $193K. Total assets increased by 981.1% over the same period, from $29K to $310K. Total functional expenses rose by 3952.3%, from $13K to $507K. In its most recent filing year (2023), Classically Formed Inc reported a deficit of $314K, with expenses exceeding revenue. The organization holds $136K in liabilities against $310K in assets (debt-to-asset ratio: 43.9%), resulting in net assets of $174K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $193K | $507K | $310K | $136K | — | View 990 |
| 2022 | $561K | $99K | $488K | $0 | — | View 990 |
| 2021 | $38K | $13K | $29K | $3K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $193K, expenses of $507K, and assets of $310K (revenue -65.5% year-over-year).
- 2022: Revenue of $561K, expenses of $99K, and assets of $488K (revenue +1382.9% year-over-year).
- 2021: Revenue of $38K, expenses of $13K, and assets of $29K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Classically Formed Inc:
Data Sources and Methodology
This transparency report for Classically Formed 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.