Coromoto 2020
EIN: 863558682 · Excelsior, MN · NTEE: T11
Is Coromoto 2020 Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Coromoto 2020
Coromoto 2020 (EIN: 863558682) is a nonprofit organization based in Excelsior, MN, classified under NTEE code T11. The organization reported total revenue of $148K and total assets of $111K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Coromoto 2020's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Coromoto 2020 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 Coromoto 2020 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.
Frequently Asked Questions about Coromoto 2020
Is Coromoto 2020 a legitimate charity?
Based on AI analysis of IRS 990 filings, Coromoto 2020 (EIN: 863558682) insufficient data. 0 red flags identified, 0 strengths noted.
How does Coromoto 2020 spend its money?
Detailed spending breakdown data is not yet available for Coromoto 2020. Check back for updated IRS 990 analysis.
Are donations to Coromoto 2020 tax-deductible?
Coromoto 2020 is registered as a tax-exempt nonprofit (EIN: 863558682). 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 Coromoto 2020 showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Coromoto 2020's revenue has grown by 114%, moving from $114K to $243K. Total assets increased by 309.3% over the same period, from $31K to $126K. Total functional expenses rose by 87.8%, from $83K to $156K. In its most recent filing year (2023), Coromoto 2020 reported a surplus of $88K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $243K | $156K | $126K | $0 | — | — |
| 2022 | $194K | $186K | $38K | $0 | — | View 990 |
| 2021 | $114K | $83K | $31K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $243K, expenses of $156K, and assets of $126K (revenue +25.4% year-over-year).
- 2022: Revenue of $194K, expenses of $186K, and assets of $38K (revenue +70.7% year-over-year).
- 2021: Revenue of $114K, expenses of $83K, and assets of $31K.
Data Sources and Methodology
This transparency report for Coromoto 2020 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.