Codale Childrens Classic
Codale Childrens Classic faces severe financial instability with significant deficits and rapidly declining assets.
EIN: 200057042 · Salt Lake Cty, UT · NTEE: T70 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $39K |
| Total Expenses | $235K |
| Program Spending | 70% |
| Net Assets | $143K |
| Transparency Score | 35/100 |
Is Codale Childrens Classic Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Codale Childrens Classic directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Codale Childrens Classic
Codale Childrens Classic (EIN: 200057042) is a nonprofit organization based in Salt Lake Cty, UT, classified under NTEE code T70. The organization reported total revenue of $39K and total assets of $143K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Codale Childrens Classic's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Codale Childrens Classic is a micro nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of -16.9%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $36K |
| Total Expenses | $235K |
| Surplus / Deficit | $-198,730 |
| Total Assets | $143K |
| Net Assets | $143K |
| Operating Margin | -544.9% |
| Months of Reserves | 7.3 months |
Financial Health Grade: B
In 2020, Codale Childrens Classic reported a deficit of $199K with expenses exceeding revenue, holds 7.3 months of operating reserves (strong position).
Financial Trends
Over 10 years of filings (2011–2020), Codale Childrens Classic's revenue has declined at a compound annual growth rate (CAGR) of -16.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -67.5% | -87.8% | -64.4% |
| 2019 | -11.6% | +2367.1% | -82.0% |
| 2018 | +0.9% | -6.2% | -6.1% |
| 2017 | +11.8% | +0.2% | +14.7% |
| 2016 | -34.0% | +49.4% | +6.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Codale Childrens Classic with a Mission Score of 35 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Codale Childrens Classic allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $199K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers or key employees received compensation from the organization, which is a positive sign for resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Codale Childrens Classic's IRS 990 filings:
- Significant and recurring deficits, notably $1.8 million in 2019 and $200,000 in 2020.
- Rapid depletion of assets from over $2.3 million in 2017 to $143,114 in 2020.
- Inconsistent revenue generation, with a sharp drop from $112,128 in 2019 to $36,470 in 2020.
- High expenses relative to revenue in recent years, indicating poor financial management or unforeseen costs.
Strengths
The following positive indicators were identified for Codale Childrens Classic:
- Consistent reporting of 0% officer compensation, indicating no executive pay from the organization.
- Historically maintained a substantial asset base for several years prior to 2019.
Frequently Asked Questions about Codale Childrens Classic
Is Codale Childrens Classic a legitimate charity?
Based on AI analysis of IRS 990 filings, Codale Childrens Classic (EIN: 200057042) significant concerns. Mission Score: 35/100. 4 red flags identified, 2 strengths noted.
How does Codale Childrens Classic spend its money?
Codale Childrens Classic directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Codale Childrens Classic tax-deductible?
Codale Childrens Classic is registered as a tax-exempt nonprofit (EIN: 200057042). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Codale Childrens Classic's spending goes to programs?
Codale Childrens Classic directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Codale Childrens Classic compare to similar nonprofits?
With a transparency score of 35/100 (Poor), Codale Childrens Classic is below average for NTEE category T70 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Codale Childrens Classic located?
Codale Childrens Classic is headquartered in Salt Lake Cty, Utah and files with the IRS under EIN 200057042. It is classified under NTEE code T70.
How many years of IRS 990 filings does Codale Childrens Classic have?
Codale Childrens Classic 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. The most recent filing shows $39K in total revenue.
What caused the massive expense increase to $1,924,300 in 2019 and $235,200 in 2020, leading to significant deficits?
The provided data does not specify the nature of these large expenses, but they are the primary driver of the organization's recent financial instability and asset depletion.
Why have the organization's assets decreased so dramatically from $2,382,539 in 2017 to $143,114 in 2020?
The substantial deficits in 2019 and 2020, where expenses far exceeded revenue, indicate that the organization has been drawing heavily from its reserves, leading to the rapid decline in assets.
Is Codale Childrens Classic financially sustainable given its recent history of large deficits?
Based on the 2019 and 2020 filings showing expenses significantly outpacing revenue, the organization's current financial model appears unsustainable without significant changes to revenue generation or expense management.
What is the organization's plan to address the recurring deficits and rebuild its asset base?
The provided data does not include strategic plans, but addressing these financial challenges would be critical for the organization's future viability.
Filing History
IRS 990 filing history for Codale Childrens Classic showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2020), Codale Childrens Classic's revenue has declined by 81.2%, moving from $194K to $36K. Total assets decreased by 70.7% over the same period, from $489K to $143K. Total functional expenses rose by 151.4%, from $94K to $235K. In its most recent filing year (2020), Codale Childrens Classic reported a deficit of $199K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $36K | $235K | $143K | $0 | — | — |
| 2019 | $112K | $1.9M | $402K | $145K | — | View 990 |
| 2018 | $127K | $78K | $2.2M | $54K | — | View 990 |
| 2017 | $126K | $83K | $2.4M | $0 | — | View 990 |
| 2016 | $112K | $83K | $2.1M | $0 | — | View 990 |
| 2015 | $170K | $56K | $1.9M | $0 | — | View 990 |
| 2014 | $256K | $63K | $1.9M | $0 | — | View 990 |
| 2013 | $127K | $41K | $1.7M | $0 | — | View 990 |
| 2012 | $1.2M | $110K | $1.6M | $0 | — | View 990 |
| 2011 | $194K | $94K | $489K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $36K, expenses of $235K, and assets of $143K (revenue -67.5% year-over-year).
- 2019: Revenue of $112K, expenses of $1.9M, and assets of $402K (revenue -11.6% year-over-year).
- 2018: Revenue of $127K, expenses of $78K, and assets of $2.2M (revenue +0.9% year-over-year).
- 2017: Revenue of $126K, expenses of $83K, and assets of $2.4M (revenue +11.8% year-over-year).
- 2016: Revenue of $112K, expenses of $83K, and assets of $2.1M (revenue -34.0% year-over-year).
- 2015: Revenue of $170K, expenses of $56K, and assets of $1.9M (revenue -33.4% year-over-year).
- 2014: Revenue of $256K, expenses of $63K, and assets of $1.9M (revenue +101.8% year-over-year).
- 2013: Revenue of $127K, expenses of $41K, and assets of $1.7M (revenue -89.2% year-over-year).
- 2012: Revenue of $1.2M, expenses of $110K, and assets of $1.6M (revenue +505.3% year-over-year).
- 2011: Revenue of $194K, expenses of $94K, and assets of $489K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Codale Childrens Classic:
Data Sources and Methodology
This transparency report for Codale Childrens Classic 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.