Family Business Center Inc
EIN: 823564933 · Louisville, KY · NTEE: B60
| Metric | Value |
|---|---|
| Total Revenue | $124K |
| Total Expenses | $133K |
| Net Assets | $75K |
Is Family Business Center Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Family Business Center Inc
Family Business Center Inc (EIN: 823564933) is a nonprofit organization based in Louisville, KY, classified under NTEE code B60. The organization reported total revenue of $124K and total assets of $75K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Family Business Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Family Business Center Inc is a small nonprofit that has been operating for 8 years, with 2 years of IRS 990 filings on record (2018–2019). Revenue has grown at a compound annual rate of 16.3%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $124K |
| Total Expenses | $133K |
| Surplus / Deficit | $-8,861 |
| Total Assets | $75K |
| Net Assets | $75K |
| Operating Margin | -7.1% |
| Months of Reserves | 6.8 months |
Financial Health Grade: B
In 2019, Family Business Center Inc reported a deficit of $9K with expenses exceeding revenue, holds 6.8 months of operating reserves (strong position).
Financial Trends
Over 2 years of filings (2018–2019), Family Business Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | +16.3% | +489.5% | -10.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Family Business Center 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 Family Business Center 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 (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $9K, with expenses exceeding revenue.
Frequently Asked Questions about Family Business Center Inc
Is Family Business Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Family Business Center Inc (EIN: 823564933) insufficient data. 0 red flags identified, 0 strengths noted.
How does Family Business Center Inc spend its money?
Detailed spending breakdown data is not yet available for Family Business Center Inc. Check back for updated IRS 990 analysis.
Are donations to Family Business Center Inc tax-deductible?
Family Business Center Inc is registered as a tax-exempt nonprofit (EIN: 823564933). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Family Business Center Inc located?
Family Business Center Inc is headquartered in Louisville, Kentucky and files with the IRS under EIN 823564933. It is classified under NTEE code B60.
How many years of IRS 990 filings does Family Business Center Inc have?
Family Business Center Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $124K in total revenue.
Filing History
IRS 990 filing history for Family Business Center Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2018–2019), Family Business Center Inc's revenue has grown by 16.3%, moving from $107K to $124K. Total assets decreased by 10.6% over the same period, from $84K to $75K. Total functional expenses rose by 489.5%, from $23K to $133K. In its most recent filing year (2019), Family Business Center Inc reported a deficit of $9K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $124K | $133K | $75K | $0 | — | View 990 |
| 2018 | $107K | $23K | $84K | $23 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Family Business Center Inc:
Data Sources and Methodology
This transparency report for Family Business Center 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.