Flashes Aquatics Inc
EIN: 562452897 · Indianapolis, IN · NTEE: N67
| Metric | Value |
|---|---|
| Total Revenue | $322K |
| Total Expenses | $292K |
| Net Assets | $200K |
Is Flashes Aquatics Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Flashes Aquatics Inc
Flashes Aquatics Inc (EIN: 562452897) is a nonprofit organization based in Indianapolis, IN, classified under NTEE code N67. The organization reported total revenue of $322K and total assets of $165K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Flashes Aquatics Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Flashes Aquatics Inc is a small nonprofit that has been operating for 12 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 11.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $245K |
| Total Expenses | $292K |
| Surplus / Deficit | $-47,329 |
| Total Assets | $200K |
| Net Assets | $200K |
| Operating Margin | -19.3% |
| Months of Reserves | 8.2 months |
Financial Health Grade: B
In 2023, Flashes Aquatics Inc reported a deficit of $47K with expenses exceeding revenue, holds 8.2 months of operating reserves (strong position).
Financial Trends
Over 9 years of filings (2015–2023), Flashes Aquatics Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.3% | +4.0% | +13.0% |
| 2022 | +15.1% | +23.0% | -5.8% |
| 2021 | +11.1% | +48.4% | +7.5% |
| 2020 | +9.5% | -10.1% | +48.7% |
| 2019 | +35.0% | +42.3% | +26.6% |
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 Flashes Aquatics 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 Flashes Aquatics 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $47K, with expenses exceeding revenue.
Frequently Asked Questions about Flashes Aquatics Inc
Is Flashes Aquatics Inc a legitimate charity?
Flashes Aquatics Inc (EIN: 562452897) is a registered tax-exempt nonprofit based in Indiana. It has 9 years of IRS 990 filings on record. Total revenue: $322K. No red flags identified. Financial health grade: B.
How does Flashes Aquatics Inc spend its money?
Flashes Aquatics Inc reported $322K in total revenue in IRS 990 filings. 9 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Flashes Aquatics Inc tax-deductible?
Flashes Aquatics Inc is registered as a tax-exempt nonprofit (EIN: 562452897). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Flashes Aquatics Inc located?
Flashes Aquatics Inc is headquartered in Indianapolis, Indiana and files with the IRS under EIN 562452897. It is classified under NTEE code N67.
How many years of IRS 990 filings does Flashes Aquatics Inc have?
Flashes Aquatics Inc 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 $322K in total revenue.
Filing History
IRS 990 filing history for Flashes Aquatics Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Flashes Aquatics Inc's revenue has grown by 142.9%, moving from $101K to $245K. Total assets increased by 364.9% over the same period, from $43K to $200K. Total functional expenses rose by 212%, from $94K to $292K. In its most recent filing year (2023), Flashes Aquatics Inc reported a deficit of $47K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $245K | $292K | $200K | $0 | — | — |
| 2022 | $270K | $281K | $177K | $0 | — | View 990 |
| 2021 | $234K | $228K | $188K | $0 | — | — |
| 2020 | $211K | $154K | $175K | $14K | — | View 990 |
| 2019 | $193K | $171K | $117K | $6K | — | View 990 |
| 2018 | $143K | $120K | $93K | $3K | — | View 990 |
| 2017 | $133K | $117K | $78K | $8K | — | View 990 |
| 2016 | $117K | $107K | $63K | $15K | — | — |
| 2015 | $101K | $94K | $43K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $245K, expenses of $292K, and assets of $200K (revenue -9.3% year-over-year).
- 2022: Revenue of $270K, expenses of $281K, and assets of $177K (revenue +15.1% year-over-year).
- 2021: Revenue of $234K, expenses of $228K, and assets of $188K (revenue +11.1% year-over-year).
- 2020: Revenue of $211K, expenses of $154K, and assets of $175K (revenue +9.5% year-over-year).
- 2019: Revenue of $193K, expenses of $171K, and assets of $117K (revenue +35.0% year-over-year).
- 2018: Revenue of $143K, expenses of $120K, and assets of $93K (revenue +7.3% year-over-year).
- 2017: Revenue of $133K, expenses of $117K, and assets of $78K (revenue +13.3% year-over-year).
- 2016: Revenue of $117K, expenses of $107K, and assets of $63K (revenue +16.6% year-over-year).
- 2015: Revenue of $101K, expenses of $94K, and assets of $43K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Flashes Aquatics Inc:
Data Sources and Methodology
This transparency report for Flashes Aquatics 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.