Cold Finished Steel Bar Institute Nfp
Cold Finished Steel Bar Institute Nfp faces significant financial challenges with consistent operating deficits and rapidly declining assets.
EIN: 202683139 · Washington, DC · NTEE: S40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $109K |
| Total Expenses | $155K |
| Program Spending | 70% |
| Net Assets | $51K |
| Transparency Score | 45/100 |
Is Cold Finished Steel Bar Institute Nfp Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cold Finished Steel Bar Institute Nfp directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Cold Finished Steel Bar Institute Nfp
Cold Finished Steel Bar Institute Nfp (EIN: 202683139) is a nonprofit organization based in Washington, DC, classified under NTEE code S40. The organization reported total revenue of $109K and total assets of $10K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cold Finished Steel Bar Institute Nfp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cold Finished Steel Bar Institute Nfp is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $111K |
| Total Expenses | $155K |
| Surplus / Deficit | $-44,091 |
| Total Assets | $51K |
| Net Assets | $51K |
| Operating Margin | -39.9% |
| Months of Reserves | 3.9 months |
Financial Health Grade: B
In 2023, Cold Finished Steel Bar Institute Nfp reported a deficit of $44K with expenses exceeding revenue, holds 3.9 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2011–2023), Cold Finished Steel Bar Institute Nfp's revenue has declined at a compound annual growth rate (CAGR) of -3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.9% | -8.0% | -46.6% |
| 2022 | -29.5% | +3.5% | -41.3% |
| 2021 | +91.4% | +34.0% | -10.2% |
| 2020 | -38.8% | -5.4% | -20.4% |
| 2019 | +3.8% | -6.1% | -2.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
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 Cold Finished Steel Bar Institute Nfp with a Mission Score of 45 out of 100 (Fair). 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, Cold Finished Steel Bar Institute Nfp allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $44K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation, indicating that executive pay is not a factor in its financial challenges and is appropriate for its size and revenue.
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 Cold Finished Steel Bar Institute Nfp's IRS 990 filings:
- Consistent operating deficits: Expenses have exceeded revenue in 8 of the last 10 reported periods.
- Rapid decline in assets: Assets have fallen from $313,402 in 2016 to $10,404 currently.
- Latest revenue ($109,000) is significantly lower than latest expenses ($154,591 in 2023), indicating ongoing financial strain.
Strengths
The following positive indicators were identified for Cold Finished Steel Bar Institute Nfp:
- No reported officer compensation, indicating efficient use of funds at the executive level.
- No reported liabilities, suggesting a clean balance sheet despite operational challenges.
- Consistent filing of IRS 990 forms, demonstrating transparency in financial reporting.
Frequently Asked Questions about Cold Finished Steel Bar Institute Nfp
Is Cold Finished Steel Bar Institute Nfp a legitimate charity?
Cold Finished Steel Bar Institute Nfp (EIN: 202683139) is a registered tax-exempt nonprofit based in Washington DC. Our AI analysis gives it a Mission Score of 45/100. It has 13 years of IRS 990 filings on record. Total revenue: $109K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Cold Finished Steel Bar Institute Nfp spend its money?
Cold Finished Steel Bar Institute Nfp directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Cold Finished Steel Bar Institute Nfp tax-deductible?
Cold Finished Steel Bar Institute Nfp is registered as a tax-exempt nonprofit (EIN: 202683139). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Cold Finished Steel Bar Institute Nfp's spending goes to programs?
Cold Finished Steel Bar Institute Nfp directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Cold Finished Steel Bar Institute Nfp compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Cold Finished Steel Bar Institute Nfp is near average for NTEE category S40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cold Finished Steel Bar Institute Nfp located?
Cold Finished Steel Bar Institute Nfp is headquartered in Washington, Washington DC and files with the IRS under EIN 202683139. It is classified under NTEE code S40.
How many years of IRS 990 filings does Cold Finished Steel Bar Institute Nfp have?
Cold Finished Steel Bar Institute Nfp has 13 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 $109K in total revenue.
Why has the organization consistently spent more than it earns in recent years?
The provided data shows that in 8 out of the last 10 reported periods, the organization's expenses exceeded its revenue, leading to operational deficits. For example, in 2023, expenses were $154,591 against revenues of $110,500.
What is the plan to address the rapid decline in assets?
Assets have decreased significantly from $313,402 in 2016 to $50,591 in 2023, and further to $10,404 in the latest available data. This trend is unsustainable and requires a strategic plan to either increase revenue or reduce expenses.
What is the breakdown of program versus administrative expenses?
The provided data does not offer a detailed breakdown of how expenses are allocated between program services, administrative costs, and fundraising. This information is crucial for assessing spending efficiency.
Filing History
IRS 990 filing history for Cold Finished Steel Bar Institute Nfp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cold Finished Steel Bar Institute Nfp's revenue has declined by 36.1%, moving from $173K to $111K. Total assets decreased by 58.8% over the same period, from $123K to $51K. Total functional expenses rose by 1.7%, from $152K to $155K. In its most recent filing year (2023), Cold Finished Steel Bar Institute Nfp reported a deficit of $44K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $111K | $155K | $51K | $0 | — | — |
| 2022 | $102K | $168K | $95K | $0 | — | — |
| 2021 | $144K | $162K | $161K | $0 | — | View 990 |
| 2020 | $75K | $121K | $180K | $0 | — | — |
| 2019 | $123K | $128K | $225K | $0 | — | — |
| 2018 | $119K | $136K | $231K | $0 | — | View 990 |
| 2017 | $112K | $177K | $248K | $0 | — | — |
| 2016 | $135K | $87K | $313K | $0 | — | View 990 |
| 2015 | $137K | $101K | $266K | $0 | — | View 990 |
| 2014 | $155K | $102K | $230K | $0 | — | View 990 |
| 2013 | $158K | $120K | $177K | $0 | — | View 990 |
| 2012 | $345K | $174K | $139K | $0 | — | View 990 |
| 2011 | $173K | $152K | $123K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $111K, expenses of $155K, and assets of $51K (revenue +8.9% year-over-year).
- 2022: Revenue of $102K, expenses of $168K, and assets of $95K (revenue -29.5% year-over-year).
- 2021: Revenue of $144K, expenses of $162K, and assets of $161K (revenue +91.4% year-over-year).
- 2020: Revenue of $75K, expenses of $121K, and assets of $180K (revenue -38.8% year-over-year).
- 2019: Revenue of $123K, expenses of $128K, and assets of $225K (revenue +3.8% year-over-year).
- 2018: Revenue of $119K, expenses of $136K, and assets of $231K (revenue +5.8% year-over-year).
- 2017: Revenue of $112K, expenses of $177K, and assets of $248K (revenue -17.0% year-over-year).
- 2016: Revenue of $135K, expenses of $87K, and assets of $313K (revenue -1.1% year-over-year).
- 2015: Revenue of $137K, expenses of $101K, and assets of $266K (revenue -11.9% year-over-year).
- 2014: Revenue of $155K, expenses of $102K, and assets of $230K (revenue -2.2% year-over-year).
- 2013: Revenue of $158K, expenses of $120K, and assets of $177K (revenue -54.1% year-over-year).
- 2012: Revenue of $345K, expenses of $174K, and assets of $139K (revenue +99.5% year-over-year).
- 2011: Revenue of $173K, expenses of $152K, and assets of $123K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cold Finished Steel Bar Institute Nfp:
Data Sources and Methodology
This transparency report for Cold Finished Steel Bar Institute Nfp 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.