Clt Joules
EIN: 454670819 · Charlotte, NC · NTEE: R02
Is Clt Joules Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Clt Joules
Clt Joules (EIN: 454670819) is a nonprofit organization based in Charlotte, NC, classified under NTEE code R02. The organization reported total revenue of $438K and total assets of $471K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Clt Joules's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Clt Joules is a small nonprofit that has been operating for 13 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 5.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $536K |
| Total Expenses | $484K |
| Surplus / Deficit | +$51K |
| Total Assets | $539K |
| Total Liabilities | $4K |
| Net Assets | $535K |
| Operating Margin | 9.6% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 13.4 months |
Financial Health Grade: A
In 2023, Clt Joules reported a surplus of $51K with revenue exceeding expenses, holds 13.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 11 years of filings (2013–2023), Clt Joules's revenue has grown at a compound annual growth rate (CAGR) of 5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.5% | +25.7% | +11.0% |
| 2022 | +15.7% | +24.6% | +25.4% |
| 2021 | +50.9% | +17.1% | -20.3% |
| 2020 | -2.0% | +2.2% | -32.3% |
| 2019 | -10.2% | +16.5% | -17.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Clt Joules 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 Clt Joules 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 surplus of $51K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.7%.
Frequently Asked Questions about Clt Joules
Is Clt Joules a legitimate charity?
Based on AI analysis of IRS 990 filings, Clt Joules (EIN: 454670819) insufficient data. 0 red flags identified, 0 strengths noted.
How does Clt Joules spend its money?
Detailed spending breakdown data is not yet available for Clt Joules. Check back for updated IRS 990 analysis.
Are donations to Clt Joules tax-deductible?
Clt Joules is registered as a tax-exempt nonprofit (EIN: 454670819). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Clt Joules showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Clt Joules's revenue has grown by 70%, moving from $315K to $536K. Total assets increased by 88.9% over the same period, from $285K to $539K. Total functional expenses rose by 1488.7%, from $30K to $484K. In its most recent filing year (2023), Clt Joules reported a surplus of $51K, with revenue exceeding expenses. The organization holds $4K in liabilities against $539K in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $535K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $536K | $484K | $539K | $4K | — | — |
| 2022 | $538K | $385K | $485K | $2K | — | View 990 |
| 2021 | $465K | $309K | $387K | $56K | — | View 990 |
| 2020 | $308K | $264K | $485K | $310K | — | View 990 |
| 2019 | $314K | $258K | $718K | $586K | — | View 990 |
| 2018 | $350K | $222K | $868K | $793K | — | View 990 |
| 2017 | $30K | $312K | $3K | $55K | — | — |
| 2016 | $364K | $244K | $230K | $34 | — | View 990 |
| 2015 | $37K | $113K | $110K | $34 | — | View 990 |
| 2014 | $8K | $124K | $187K | $33 | — | View 990 |
| 2013 | $315K | $30K | $285K | $505 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $536K, expenses of $484K, and assets of $539K (revenue -0.5% year-over-year).
- 2022: Revenue of $538K, expenses of $385K, and assets of $485K (revenue +15.7% year-over-year).
- 2021: Revenue of $465K, expenses of $309K, and assets of $387K (revenue +50.9% year-over-year).
- 2020: Revenue of $308K, expenses of $264K, and assets of $485K (revenue -2.0% year-over-year).
- 2019: Revenue of $314K, expenses of $258K, and assets of $718K (revenue -10.2% year-over-year).
- 2018: Revenue of $350K, expenses of $222K, and assets of $868K (revenue +1066.7% year-over-year).
- 2017: Revenue of $30K, expenses of $312K, and assets of $3K (revenue -91.7% year-over-year).
- 2016: Revenue of $364K, expenses of $244K, and assets of $230K (revenue +889.4% year-over-year).
- 2015: Revenue of $37K, expenses of $113K, and assets of $110K (revenue +359.4% year-over-year).
- 2014: Revenue of $8K, expenses of $124K, and assets of $187K (revenue -97.5% year-over-year).
- 2013: Revenue of $315K, expenses of $30K, and assets of $285K.
Data Sources and Methodology
This transparency report for Clt Joules 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.