Comet Athletic Booster Club
EIN: 300805659 · Clayton, NC · NTEE: B12
| Metric | Value |
|---|---|
| Total Revenue | $304K |
| Total Expenses | $183K |
| Net Assets | $73K |
Is Comet Athletic Booster Club Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Comet Athletic Booster Club
Comet Athletic Booster Club (EIN: 300805659) is a nonprofit organization based in Clayton, NC, classified under NTEE code B12. The organization reported total revenue of $304K and total assets of $73K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Comet Athletic Booster Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Comet Athletic Booster Club is a small nonprofit that has been operating for 12 years, with 9 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 14.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $216K |
| Total Expenses | $183K |
| Surplus / Deficit | +$33K |
| Total Assets | $73K |
| Net Assets | $73K |
| Operating Margin | 15.2% |
| Months of Reserves | 4.8 months |
Financial Health Grade: A
In 2023, Comet Athletic Booster Club reported a surplus of $33K with revenue exceeding expenses, holds 4.8 months of operating reserves (adequate).
Financial Trends
Over 9 years of filings (2014–2023), Comet Athletic Booster Club's revenue has grown at a compound annual growth rate (CAGR) of 14.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +61.2% | +35.6% | +81.2% |
| 2022 | +113.4% | +107.0% | -2.3% |
| 2021 | -15.6% | +4.3% | +5.2% |
| 2020 | +71.1% | +106.7% | +42.9% |
| 2019 | -36.9% | -65.3% | +91.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Comet Athletic Booster Club 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 Comet Athletic Booster Club 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 $33K, with revenue exceeding expenses.
Frequently Asked Questions about Comet Athletic Booster Club
Is Comet Athletic Booster Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Comet Athletic Booster Club (EIN: 300805659) insufficient data. 0 red flags identified, 0 strengths noted.
How does Comet Athletic Booster Club spend its money?
Detailed spending breakdown data is not yet available for Comet Athletic Booster Club. Check back for updated IRS 990 analysis.
Are donations to Comet Athletic Booster Club tax-deductible?
Comet Athletic Booster Club is registered as a tax-exempt nonprofit (EIN: 300805659). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Comet Athletic Booster Club located?
Comet Athletic Booster Club is headquartered in Clayton, North Carolina and files with the IRS under EIN 300805659. It is classified under NTEE code B12.
How many years of IRS 990 filings does Comet Athletic Booster Club have?
Comet Athletic Booster Club has 9 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 $304K in total revenue.
Filing History
IRS 990 filing history for Comet Athletic Booster Club showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2014–2023), Comet Athletic Booster Club's revenue has grown by 231.4%, moving from $65K to $216K. Total assets increased by 58.5% over the same period, from $46K to $73K. Total functional expenses rose by 358.6%, from $40K to $183K. In its most recent filing year (2023), Comet Athletic Booster Club reported a surplus of $33K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $216K | $183K | $73K | $0 | — | View 990 |
| 2022 | $134K | $135K | $41K | $0 | — | View 990 |
| 2021 | $63K | $65K | $42K | $0 | — | View 990 |
| 2020 | $74K | $63K | $39K | $0 | — | View 990 |
| 2019 | $43K | $30K | $28K | $0 | — | View 990 |
| 2018 | $69K | $87K | $14K | $0 | — | View 990 |
| 2017 | $27K | $34K | $33K | $0 | — | View 990 |
| 2016 | $28K | $28K | $40K | $0 | — | View 990 |
| 2014 | $65K | $40K | $46K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $216K, expenses of $183K, and assets of $73K (revenue +61.2% year-over-year).
- 2022: Revenue of $134K, expenses of $135K, and assets of $41K (revenue +113.4% year-over-year).
- 2021: Revenue of $63K, expenses of $65K, and assets of $42K (revenue -15.6% year-over-year).
- 2020: Revenue of $74K, expenses of $63K, and assets of $39K (revenue +71.1% year-over-year).
- 2019: Revenue of $43K, expenses of $30K, and assets of $28K (revenue -36.9% year-over-year).
- 2018: Revenue of $69K, expenses of $87K, and assets of $14K (revenue +159.0% year-over-year).
- 2017: Revenue of $27K, expenses of $34K, and assets of $33K (revenue -5.8% year-over-year).
- 2016: Revenue of $28K, expenses of $28K, and assets of $40K (revenue -56.7% year-over-year).
- 2014: Revenue of $65K, expenses of $40K, and assets of $46K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Comet Athletic Booster Club:
Data Sources and Methodology
This transparency report for Comet Athletic Booster Club 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.