Fourth Fest Of Greater Racine Inc
EIN: 396051093 · Mt Pleasant, WI
| Metric | Value |
|---|---|
| Total Revenue | $105K |
| Total Expenses | $74K |
| Net Assets | $73K |
Is Fourth Fest Of Greater Racine Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Fourth Fest Of Greater Racine Inc
Fourth Fest Of Greater Racine Inc (EIN: 396051093) is a nonprofit organization based in Mt Pleasant, WI. The organization reported total revenue of $105K and total assets of $73K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fourth Fest Of Greater Racine Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fourth Fest Of Greater Racine Inc is a small nonprofit that has been operating for 8 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $105K |
| Total Expenses | $74K |
| Surplus / Deficit | +$31K |
| Total Assets | $73K |
| Net Assets | $73K |
| Operating Margin | 29.5% |
| Months of Reserves | 11.9 months |
Financial Health Grade: A
In 2024, Fourth Fest Of Greater Racine Inc reported a surplus of $31K with revenue exceeding expenses, holds 11.9 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), Fourth Fest Of Greater Racine Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +22.9% | -18.9% | +72.9% |
| 2023 | +26.9% | +24.5% | -12.1% |
| 2022 | +62.6% | +11.0% | -11.0% |
| 2021 | +44.7% | +313.2% | -31.2% |
| 2020 | -69.2% | -83.1% | +25.9% |
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 Fourth Fest Of Greater Racine 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 Fourth Fest Of Greater Racine 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $31K, with revenue exceeding expenses.
Frequently Asked Questions about Fourth Fest Of Greater Racine Inc
Is Fourth Fest Of Greater Racine Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Fourth Fest Of Greater Racine Inc (EIN: 396051093) insufficient data. 0 red flags identified, 0 strengths noted.
How does Fourth Fest Of Greater Racine Inc spend its money?
Detailed spending breakdown data is not yet available for Fourth Fest Of Greater Racine Inc. Check back for updated IRS 990 analysis.
Are donations to Fourth Fest Of Greater Racine Inc tax-deductible?
Fourth Fest Of Greater Racine Inc is registered as a tax-exempt nonprofit (EIN: 396051093). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Fourth Fest Of Greater Racine Inc located?
Fourth Fest Of Greater Racine Inc is headquartered in Mt Pleasant, Wisconsin and files with the IRS under EIN 396051093.
How many years of IRS 990 filings does Fourth Fest Of Greater Racine Inc have?
Fourth Fest Of Greater Racine Inc has 14 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 $105K in total revenue.
Filing History
IRS 990 filing history for Fourth Fest Of Greater Racine Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Fourth Fest Of Greater Racine Inc's revenue has grown by 52.5%, moving from $69K to $105K. Total assets increased by 30.4% over the same period, from $56K to $73K. Total functional expenses rose by 5.9%, from $70K to $74K. In its most recent filing year (2024), Fourth Fest Of Greater Racine Inc reported a surplus of $31K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $105K | $74K | $73K | $0 | — | — |
| 2023 | $85K | $91K | $42K | $0 | — | View 990 |
| 2022 | $67K | $73K | $48K | $0 | — | View 990 |
| 2021 | $41K | $66K | $54K | $0 | — | View 990 |
| 2020 | $29K | $16K | $79K | $0 | — | View 990 |
| 2019 | $93K | $95K | $63K | $0 | — | View 990 |
| 2018 | $102K | $94K | $75K | $0 | — | — |
| 2017 | $89K | $87K | $67K | $0 | — | View 990 |
| 2016 | $83K | $79K | $65K | $0 | — | View 990 |
| 2015 | $64K | $64K | $61K | $0 | — | View 990 |
| 2014 | $62K | $65K | $62K | $0 | — | View 990 |
| 2013 | $71K | $60K | $65K | $0 | — | View 990 |
| 2012 | $57K | $60K | $54K | $0 | — | View 990 |
| 2011 | $69K | $70K | $56K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $105K, expenses of $74K, and assets of $73K (revenue +22.9% year-over-year).
- 2023: Revenue of $85K, expenses of $91K, and assets of $42K (revenue +26.9% year-over-year).
- 2022: Revenue of $67K, expenses of $73K, and assets of $48K (revenue +62.6% year-over-year).
- 2021: Revenue of $41K, expenses of $66K, and assets of $54K (revenue +44.7% year-over-year).
- 2020: Revenue of $29K, expenses of $16K, and assets of $79K (revenue -69.2% year-over-year).
- 2019: Revenue of $93K, expenses of $95K, and assets of $63K (revenue -8.8% year-over-year).
- 2018: Revenue of $102K, expenses of $94K, and assets of $75K (revenue +14.4% year-over-year).
- 2017: Revenue of $89K, expenses of $87K, and assets of $67K (revenue +7.8% year-over-year).
- 2016: Revenue of $83K, expenses of $79K, and assets of $65K (revenue +29.6% year-over-year).
- 2015: Revenue of $64K, expenses of $64K, and assets of $61K (revenue +3.6% year-over-year).
- 2014: Revenue of $62K, expenses of $65K, and assets of $62K (revenue -12.8% year-over-year).
- 2013: Revenue of $71K, expenses of $60K, and assets of $65K (revenue +24.1% year-over-year).
- 2012: Revenue of $57K, expenses of $60K, and assets of $54K (revenue -17.4% year-over-year).
- 2011: Revenue of $69K, expenses of $70K, and assets of $56K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fourth Fest Of Greater Racine Inc:
Data Sources and Methodology
This transparency report for Fourth Fest Of Greater Racine 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.