Gnd Festivals Inc
EIN: 471395611 · New Orleans, LA · NTEE: X20
| Metric | Value |
|---|---|
| Total Revenue | $32K |
| Total Expenses | $85K |
| Net Assets | $283K |
Is Gnd Festivals Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Gnd Festivals Inc
Gnd Festivals Inc (EIN: 471395611) is a nonprofit organization based in New Orleans, LA, classified under NTEE code X20. The organization reported total revenue of $32K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gnd Festivals Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gnd Festivals Inc is a micro nonprofit that has been operating for 11 years, with 7 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of -1.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $69K |
| Total Expenses | $85K |
| Surplus / Deficit | $-15,369 |
| Total Assets | $1.2M |
| Total Liabilities | $881K |
| Net Assets | $283K |
| Operating Margin | -22.2% |
| Debt-to-Asset Ratio | 75.7% |
| Months of Reserves | 165.0 months |
Financial Health Grade: C
In 2023, Gnd Festivals Inc reported a deficit of $15K with expenses exceeding revenue, holds 165.0 months of operating reserves (strong position), has a debt-to-asset ratio of 75.7% (high leverage).
Financial Trends
Over 7 years of filings (2015–2023), Gnd Festivals Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -90.1% | -93.3% | -0.4% |
| 2022 | -40.1% | +104.1% | -32.7% |
| 2021 | +306.1% | +456.5% | +47.3% |
| 2020 | +941.6% | +338.9% | +723.6% |
| 2019 | -15.2% | -17.7% | +2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Gnd Festivals 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 Gnd Festivals 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 $15K, with expenses exceeding revenue.
- Debt-to-asset ratio: 75.7%.
Frequently Asked Questions about Gnd Festivals Inc
Is Gnd Festivals Inc a legitimate charity?
Gnd Festivals Inc (EIN: 471395611) is a registered tax-exempt nonprofit based in Louisiana. It has 7 years of IRS 990 filings on record. Total revenue: $32K. No red flags identified. Financial health grade: C.
How does Gnd Festivals Inc spend its money?
Gnd Festivals Inc reported $32K in total revenue in IRS 990 filings. 7 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Gnd Festivals Inc tax-deductible?
Gnd Festivals Inc is registered as a tax-exempt nonprofit (EIN: 471395611). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Gnd Festivals Inc located?
Gnd Festivals Inc is headquartered in New Orleans, Louisiana and files with the IRS under EIN 471395611. It is classified under NTEE code X20.
How many years of IRS 990 filings does Gnd Festivals Inc have?
Gnd Festivals Inc has 7 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 $32K in total revenue.
Filing History
IRS 990 filing history for Gnd Festivals Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2015–2023), Gnd Festivals Inc's revenue has declined by 12%, moving from $79K to $69K. Total assets increased by 7964.3% over the same period, from $14K to $1.2M. Total functional expenses rose by 17.9%, from $72K to $85K. In its most recent filing year (2023), Gnd Festivals Inc reported a deficit of $15K, with expenses exceeding revenue. The organization holds $881K in liabilities against $1.2M in assets (debt-to-asset ratio: 75.7%), resulting in net assets of $283K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $69K | $85K | $1.2M | $881K | — | — |
| 2022 | $703K | $1.3M | $1.2M | $871K | — | View 990 |
| 2021 | $1.2M | $622K | $1.7M | $871K | — | View 990 |
| 2020 | $289K | $112K | $1.2M | $863K | — | View 990 |
| 2019 | $28K | $25K | $143K | $4K | — | View 990 |
| 2018 | $33K | $31K | $139K | $2K | — | View 990 |
| 2015 | $79K | $72K | $14K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $69K, expenses of $85K, and assets of $1.2M (revenue -90.1% year-over-year).
- 2022: Revenue of $703K, expenses of $1.3M, and assets of $1.2M (revenue -40.1% year-over-year).
- 2021: Revenue of $1.2M, expenses of $622K, and assets of $1.7M (revenue +306.1% year-over-year).
- 2020: Revenue of $289K, expenses of $112K, and assets of $1.2M (revenue +941.6% year-over-year).
- 2019: Revenue of $28K, expenses of $25K, and assets of $143K (revenue -15.2% year-over-year).
- 2018: Revenue of $33K, expenses of $31K, and assets of $139K (revenue -58.5% year-over-year).
- 2015: Revenue of $79K, expenses of $72K, and assets of $14K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gnd Festivals Inc:
Data Sources and Methodology
This transparency report for Gnd Festivals 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.