Club Culuturale Italiano Inc
EIN: 237368983 · Albuquerque, NM · NTEE: A23
| Metric | Value |
|---|---|
| Total Expenses | $154K |
| Net Assets | $73K |
Is Club Culuturale Italiano Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Club Culuturale Italiano Inc
Club Culuturale Italiano Inc (EIN: 237368983) is a nonprofit organization based in Albuquerque, NM, classified under NTEE code A23. 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 Club Culuturale Italiano Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Club Culuturale Italiano Inc is a small nonprofit that has been operating for 8 years, with 10 years of IRS 990 filings on record (2008–2021). Revenue has grown at a compound annual rate of 41.5%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $145K |
| Total Expenses | $154K |
| Surplus / Deficit | $-8,405 |
| Total Assets | $81K |
| Total Liabilities | $8K |
| Net Assets | $73K |
| Operating Margin | -5.8% |
| Debt-to-Asset Ratio | 9.9% |
| Months of Reserves | 6.3 months |
Financial Health Grade: B
In 2021, Club Culuturale Italiano Inc reported a deficit of $8K with expenses exceeding revenue, holds 6.3 months of operating reserves (strong position), has a debt-to-asset ratio of 9.9% (very low leverage).
Financial Trends
Over 10 years of filings (2008–2021), Club Culuturale Italiano Inc's revenue has grown at a compound annual growth rate (CAGR) of 41.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +5640.6% | +2197.6% | -0.8% |
| 2017 | +71.3% | +30.6% | +0.4% |
| 2016 | -40.2% | +201.6% | -2.8% |
| 2015 | +15.4% | -23.9% | +0.1% |
| 2014 | -6.2% | -8.6% | +0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Club Culuturale Italiano 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 Club Culuturale Italiano 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 $8K, with expenses exceeding revenue.
- Debt-to-asset ratio: 9.9%.
Frequently Asked Questions about Club Culuturale Italiano Inc
Is Club Culuturale Italiano Inc a legitimate charity?
Club Culuturale Italiano Inc (EIN: 237368983) is a registered tax-exempt nonprofit based in New Mexico. It has 10 years of IRS 990 filings on record. No red flags identified. Financial health grade: B.
How does Club Culuturale Italiano Inc spend its money?
Club Culuturale Italiano Inc reported its financials in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Club Culuturale Italiano Inc tax-deductible?
Club Culuturale Italiano Inc is registered as a tax-exempt nonprofit (EIN: 237368983). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Club Culuturale Italiano Inc located?
Club Culuturale Italiano Inc is headquartered in Albuquerque, New Mexico and files with the IRS under EIN 237368983. It is classified under NTEE code A23.
How many years of IRS 990 filings does Club Culuturale Italiano Inc have?
Club Culuturale Italiano Inc has 10 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 Club Culuturale Italiano Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2008–2021), Club Culuturale Italiano Inc's revenue has grown by 8991.6%, moving from $2K to $145K. Total assets decreased by 15.4% over the same period, from $96K to $81K. Total functional expenses rose by 8141.6%, from $2K to $154K. In its most recent filing year (2021), Club Culuturale Italiano Inc reported a deficit of $8K, with expenses exceeding revenue. The organization holds $8K in liabilities against $81K in assets (debt-to-asset ratio: 9.9%), resulting in net assets of $73K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $145K | $154K | $81K | $8K | — | — |
| 2017 | $3K | $7K | $82K | $3K | — | — |
| 2016 | $1K | $5K | $81K | $0 | — | — |
| 2015 | $2K | $2K | $83K | $0 | — | — |
| 2014 | $2K | $2K | $83K | $0 | — | — |
| 2013 | $2K | $2K | $83K | $0 | — | — |
| 2012 | $3K | $4K | $81K | $0 | — | — |
| 2010 | $2K | $7K | $83K | $0 | — | — |
| 2009 | $1K | $5K | $91K | $0 | — | — |
| 2008 | $2K | $2K | $96K | $0 | — | — |
Year-by-Year Financial Summary
- 2021: Revenue of $145K, expenses of $154K, and assets of $81K (revenue +5640.6% year-over-year).
- 2017: Revenue of $3K, expenses of $7K, and assets of $82K (revenue +71.3% year-over-year).
- 2016: Revenue of $1K, expenses of $5K, and assets of $81K (revenue -40.2% year-over-year).
- 2015: Revenue of $2K, expenses of $2K, and assets of $83K (revenue +15.4% year-over-year).
- 2014: Revenue of $2K, expenses of $2K, and assets of $83K (revenue -6.2% year-over-year).
- 2013: Revenue of $2K, expenses of $2K, and assets of $83K (revenue -16.1% year-over-year).
- 2012: Revenue of $3K, expenses of $4K, and assets of $81K (revenue +54.9% year-over-year).
- 2010: Revenue of $2K, expenses of $7K, and assets of $83K (revenue +54.8% year-over-year).
- 2009: Revenue of $1K, expenses of $5K, and assets of $91K (revenue -29.0% year-over-year).
- 2008: Revenue of $2K, expenses of $2K, and assets of $96K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Club Culuturale Italiano Inc:
Data Sources and Methodology
This transparency report for Club Culuturale Italiano 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.