Gulf States Quilting Association Inc
EIN: 720995552 · New Orleans, LA · NTEE: A400
| Metric | Value |
|---|---|
| Total Revenue | $71K |
| Total Expenses | $56K |
| Net Assets | $50K |
Is Gulf States Quilting Association Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Gulf States Quilting Association Inc
Gulf States Quilting Association Inc (EIN: 720995552) is a nonprofit organization based in New Orleans, LA, classified under NTEE code A400. The organization reported total revenue of $71K and total assets of $54K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gulf States Quilting Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gulf States Quilting Association Inc is a micro nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $55K |
| Total Expenses | $56K |
| Surplus / Deficit | $-665 |
| Total Assets | $50K |
| Total Liabilities | $27 |
| Net Assets | $50K |
| Operating Margin | -1.2% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 10.7 months |
Financial Health Grade: B
In 2023, Gulf States Quilting Association Inc reported a deficit of $665 with expenses exceeding revenue, holds 10.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Gulf States Quilting Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.3% | -9.1% | -2.6% |
| 2022 | +228.6% | +427.9% | -10.0% |
| 2021 | +6.2% | -44.1% | +12.9% |
| 2020 | -66.1% | -72.8% | -6.7% |
| 2019 | -38.0% | +3.3% | -30.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1985 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Gulf States Quilting Association 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 Gulf States Quilting Association 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 $665, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Frequently Asked Questions about Gulf States Quilting Association Inc
Is Gulf States Quilting Association Inc a legitimate charity?
Gulf States Quilting Association Inc (EIN: 720995552) is a registered tax-exempt nonprofit based in Louisiana. It has 13 years of IRS 990 filings on record. Total revenue: $71K. No red flags identified. Financial health grade: B.
How does Gulf States Quilting Association Inc spend its money?
Gulf States Quilting Association Inc reported $71K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Gulf States Quilting Association Inc tax-deductible?
Gulf States Quilting Association Inc is registered as a tax-exempt nonprofit (EIN: 720995552). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Gulf States Quilting Association Inc located?
Gulf States Quilting Association Inc is headquartered in New Orleans, Louisiana and files with the IRS under EIN 720995552. It is classified under NTEE code A400.
How many years of IRS 990 filings does Gulf States Quilting Association Inc have?
Gulf States Quilting Association Inc 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 $71K in total revenue.
Filing History
IRS 990 filing history for Gulf States Quilting Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Gulf States Quilting Association Inc's revenue has grown by 53.8%, moving from $36K to $55K. Total assets decreased by 35.3% over the same period, from $77K to $50K. Total functional expenses rose by 29.5%, from $43K to $56K. In its most recent filing year (2023), Gulf States Quilting Association Inc reported a deficit of $665, with expenses exceeding revenue. The organization holds $27 in liabilities against $50K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $50K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $55K | $56K | $50K | $27 | — | — |
| 2022 | $59K | $61K | $51K | $0 | — | View 990 |
| 2021 | $18K | $12K | $57K | $0 | — | — |
| 2020 | $17K | $21K | $50K | $131 | — | — |
| 2019 | $50K | $76K | $54K | $0 | — | View 990 |
| 2018 | $81K | $74K | $78K | $0 | — | View 990 |
| 2017 | $48K | $59K | $80K | $0 | — | View 990 |
| 2016 | $45K | $32K | $82K | $0 | — | View 990 |
| 2015 | $20K | $16K | $68K | $0 | — | View 990 |
| 2014 | $32K | $36K | $63K | $0 | — | View 990 |
| 2013 | $22K | $31K | $67K | $0 | — | View 990 |
| 2012 | $37K | $37K | $76K | $0 | — | View 990 |
| 2011 | $36K | $43K | $77K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $55K, expenses of $56K, and assets of $50K (revenue -7.3% year-over-year).
- 2022: Revenue of $59K, expenses of $61K, and assets of $51K (revenue +228.6% year-over-year).
- 2021: Revenue of $18K, expenses of $12K, and assets of $57K (revenue +6.2% year-over-year).
- 2020: Revenue of $17K, expenses of $21K, and assets of $50K (revenue -66.1% year-over-year).
- 2019: Revenue of $50K, expenses of $76K, and assets of $54K (revenue -38.0% year-over-year).
- 2018: Revenue of $81K, expenses of $74K, and assets of $78K (revenue +67.8% year-over-year).
- 2017: Revenue of $48K, expenses of $59K, and assets of $80K (revenue +6.8% year-over-year).
- 2016: Revenue of $45K, expenses of $32K, and assets of $82K (revenue +126.2% year-over-year).
- 2015: Revenue of $20K, expenses of $16K, and assets of $68K (revenue -37.7% year-over-year).
- 2014: Revenue of $32K, expenses of $36K, and assets of $63K (revenue +42.7% year-over-year).
- 2013: Revenue of $22K, expenses of $31K, and assets of $67K (revenue -38.9% year-over-year).
- 2012: Revenue of $37K, expenses of $37K, and assets of $76K (revenue +2.6% year-over-year).
- 2011: Revenue of $36K, expenses of $43K, and assets of $77K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gulf States Quilting Association Inc:
Data Sources and Methodology
This transparency report for Gulf States Quilting Association 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.