Courage Unlimited Inc
EIN: 260113443 · Lewes, DE · NTEE: E866
Is Courage Unlimited Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Courage Unlimited Inc
Courage Unlimited Inc (EIN: 260113443) is a nonprofit organization based in Lewes, DE, classified under NTEE code E866. 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 Courage Unlimited Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Courage Unlimited Inc is a micro nonprofit that has been operating for 21 years, with 2 years of IRS 990 filings on record (2011–2012). Revenue has grown at a compound annual rate of -17.7%.
Key Financial Metrics (2012)
From the most recent IRS 990 filing on record:
| Total Revenue | $72K |
| Total Expenses | $0 |
| Surplus / Deficit | +$72K |
| Total Assets | $50K |
| Total Liabilities | $18K |
| Net Assets | $32K |
| Operating Margin | 100.0% |
| Debt-to-Asset Ratio | 36.2% |
Financial Health Grade: A
In 2012, Courage Unlimited Inc reported a surplus of $72K with revenue exceeding expenses, has a debt-to-asset ratio of 36.2% (moderate leverage).
Financial Trends
Over 2 years of filings (2011–2012), Courage Unlimited Inc's revenue has declined at a compound annual growth rate (CAGR) of -17.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2012 | -17.7% | -100.0% | -29.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Courage Unlimited 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 Courage Unlimited 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 (2012)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 36.2%.
Frequently Asked Questions about Courage Unlimited Inc
Is Courage Unlimited Inc a legitimate charity?
Courage Unlimited Inc (EIN: 260113443) is a registered tax-exempt nonprofit based in Delaware. It has 2 years of IRS 990 filings on record. No red flags identified. Financial health grade: A.
How does Courage Unlimited Inc spend its money?
Courage Unlimited Inc reported its financials in IRS 990 filings. 2 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Courage Unlimited Inc tax-deductible?
Courage Unlimited Inc is registered as a tax-exempt nonprofit (EIN: 260113443). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Courage Unlimited Inc located?
Courage Unlimited Inc is headquartered in Lewes, Delaware and files with the IRS under EIN 260113443. It is classified under NTEE code E866.
How many years of IRS 990 filings does Courage Unlimited Inc have?
Courage Unlimited Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Filing History
IRS 990 filing history for Courage Unlimited Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2011–2012), Courage Unlimited Inc's revenue has declined by 17.7%, moving from $88K to $72K. Total assets decreased by 29.7% over the same period, from $71K to $50K. Total functional expenses fell by 100%, from $56K to $0. The organization holds $18K in liabilities against $50K in assets (debt-to-asset ratio: 36.2%), resulting in net assets of $32K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2012 | $72K | $0 | $50K | $18K | — | View 990 |
| 2011 | $88K | $56K | $71K | $24K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Courage Unlimited Inc:
Data Sources and Methodology
This transparency report for Courage Unlimited 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.