Fibre Channel Industry Association
EIN: 330576618 · Plymouth, MN · NTEE: Y99
| Metric | Value |
|---|---|
| Total Revenue | $136K |
| Total Expenses | $128K |
| Net Assets | $193K |
Is Fibre Channel Industry Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Fibre Channel Industry Association
Fibre Channel Industry Association (EIN: 330576618) is a nonprofit organization based in Plymouth, MN, classified under NTEE code Y99. The organization reported total revenue of $136K and total assets of $344K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fibre Channel Industry Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fibre Channel Industry Association is a small nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -9.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $151K |
| Total Expenses | $128K |
| Surplus / Deficit | +$23K |
| Total Assets | $285K |
| Total Liabilities | $92K |
| Net Assets | $193K |
| Operating Margin | 15.3% |
| Debt-to-Asset Ratio | 32.3% |
| Months of Reserves | 26.7 months |
Financial Health Grade: A
In 2023, Fibre Channel Industry Association reported a surplus of $23K with revenue exceeding expenses, holds 26.7 months of operating reserves (strong position), has a debt-to-asset ratio of 32.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Fibre Channel Industry Association's revenue has declined at a compound annual growth rate (CAGR) of -9.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.5% | +24.0% | +29.4% |
| 2022 | +6.5% | +4.6% | -19.5% |
| 2021 | +4.4% | -0.6% | +21.6% |
| 2020 | -0.1% | -4.5% | +2.2% |
| 2019 | -20.5% | -19.2% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Fibre Channel Industry Association 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 Fibre Channel Industry Association 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 $23K, with revenue exceeding expenses.
- Debt-to-asset ratio: 32.3%.
Frequently Asked Questions about Fibre Channel Industry Association
Is Fibre Channel Industry Association a legitimate charity?
Fibre Channel Industry Association (EIN: 330576618) is a registered tax-exempt nonprofit based in Minnesota. It has 13 years of IRS 990 filings on record. Total revenue: $136K. No red flags identified. Financial health grade: A.
How does Fibre Channel Industry Association spend its money?
Fibre Channel Industry Association reported $136K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Fibre Channel Industry Association tax-deductible?
Fibre Channel Industry Association is registered as a tax-exempt nonprofit (EIN: 330576618). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Fibre Channel Industry Association located?
Fibre Channel Industry Association is headquartered in Plymouth, Minnesota and files with the IRS under EIN 330576618. It is classified under NTEE code Y99.
How many years of IRS 990 filings does Fibre Channel Industry Association have?
Fibre Channel Industry Association 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 $136K in total revenue.
Filing History
IRS 990 filing history for Fibre Channel Industry Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Fibre Channel Industry Association's revenue has declined by 70.1%, moving from $504K to $151K. Total assets increased by 261.2% over the same period, from $79K to $285K. Total functional expenses fell by 76%, from $532K to $128K. In its most recent filing year (2023), Fibre Channel Industry Association reported a surplus of $23K, with revenue exceeding expenses. The organization holds $92K in liabilities against $285K in assets (debt-to-asset ratio: 32.3%), resulting in net assets of $193K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $151K | $128K | $285K | $92K | — | — |
| 2022 | $125K | $103K | $220K | $50K | — | View 990 |
| 2021 | $118K | $98K | $273K | $130K | — | View 990 |
| 2020 | $113K | $99K | $225K | $101K | — | — |
| 2019 | $113K | $104K | $220K | $109K | — | View 990 |
| 2018 | $142K | $128K | $220K | $118K | — | View 990 |
| 2017 | $179K | $150K | $206K | $118K | — | View 990 |
| 2016 | $178K | $128K | $196K | $136K | — | View 990 |
| 2015 | $175K | $97K | $65K | $56K | — | View 990 |
| 2014 | $225K | $163K | $112K | $180K | — | View 990 |
| 2013 | $240K | $201K | $116K | $246K | — | View 990 |
| 2012 | $325K | $352K | $87K | $256K | — | View 990 |
| 2011 | $504K | $532K | $79K | $221K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $151K, expenses of $128K, and assets of $285K (revenue +20.5% year-over-year).
- 2022: Revenue of $125K, expenses of $103K, and assets of $220K (revenue +6.5% year-over-year).
- 2021: Revenue of $118K, expenses of $98K, and assets of $273K (revenue +4.4% year-over-year).
- 2020: Revenue of $113K, expenses of $99K, and assets of $225K (revenue -0.1% year-over-year).
- 2019: Revenue of $113K, expenses of $104K, and assets of $220K (revenue -20.5% year-over-year).
- 2018: Revenue of $142K, expenses of $128K, and assets of $220K (revenue -20.9% year-over-year).
- 2017: Revenue of $179K, expenses of $150K, and assets of $206K (revenue +0.4% year-over-year).
- 2016: Revenue of $178K, expenses of $128K, and assets of $196K (revenue +2.2% year-over-year).
- 2015: Revenue of $175K, expenses of $97K, and assets of $65K (revenue -22.4% year-over-year).
- 2014: Revenue of $225K, expenses of $163K, and assets of $112K (revenue -6.3% year-over-year).
- 2013: Revenue of $240K, expenses of $201K, and assets of $116K (revenue -26.2% year-over-year).
- 2012: Revenue of $325K, expenses of $352K, and assets of $87K (revenue -35.5% year-over-year).
- 2011: Revenue of $504K, expenses of $532K, and assets of $79K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fibre Channel Industry Association:
Data Sources and Methodology
This transparency report for Fibre Channel Industry Association 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.