Halee Lyn Cummings Memorial Race
EIN: 842183448 · Sidney, ME · NTEE: A84
Is Halee Lyn Cummings Memorial Race Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Halee Lyn Cummings Memorial Race
Halee Lyn Cummings Memorial Race (EIN: 842183448) is a nonprofit organization based in Sidney, ME, classified under NTEE code A84. The organization reported total revenue of $28K and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Halee Lyn Cummings Memorial Race's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Halee Lyn Cummings Memorial Race is a micro nonprofit that has been operating for 5 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $28K |
| Total Expenses | $30K |
| Surplus / Deficit | $-2,089 |
| Total Assets | $1 |
| Total Liabilities | $1K |
| Net Assets | $-1,236 |
| Operating Margin | -7.5% |
| Debt-to-Asset Ratio | 123700.0% |
| Months of Reserves | 0.0 months |
Financial Health Grade: D
In 2023, Halee Lyn Cummings Memorial Race reported a deficit of $2K with expenses exceeding revenue, holds 0.0 months of operating reserves (limited), has a debt-to-asset ratio of 123700.0% (high leverage).
Financial Trends
Over 3 years of filings (2021–2023), Halee Lyn Cummings Memorial Race's revenue has declined at a compound annual growth rate (CAGR) of -1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.2% | +10.7% | -99.9% |
| 2022 | -2.8% | -10.1% | +85100.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Halee Lyn Cummings Memorial Race 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 Halee Lyn Cummings Memorial Race 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 $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 123700.0%.
Frequently Asked Questions about Halee Lyn Cummings Memorial Race
Is Halee Lyn Cummings Memorial Race a legitimate charity?
Based on AI analysis of IRS 990 filings, Halee Lyn Cummings Memorial Race (EIN: 842183448) insufficient data. 0 red flags identified, 0 strengths noted.
How does Halee Lyn Cummings Memorial Race spend its money?
Detailed spending breakdown data is not yet available for Halee Lyn Cummings Memorial Race. Check back for updated IRS 990 analysis.
Are donations to Halee Lyn Cummings Memorial Race tax-deductible?
Halee Lyn Cummings Memorial Race is registered as a tax-exempt nonprofit (EIN: 842183448). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Halee Lyn Cummings Memorial Race showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Halee Lyn Cummings Memorial Race's revenue has declined by 3%, moving from $29K to $28K. Total assets increased by 0% over the same period, from $1 to $1. Total functional expenses fell by 0.4%, from $30K to $30K. In its most recent filing year (2023), Halee Lyn Cummings Memorial Race reported a deficit of $2K, with expenses exceeding revenue. The organization holds $1K in liabilities against $1 in assets (debt-to-asset ratio: 123700.0%), resulting in net assets of $-1,236.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $28K | $30K | $1 | $1K | — | — |
| 2022 | $28K | $27K | $852 | $1 | — | View 990 |
| 2021 | $29K | $30K | $1 | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $28K, expenses of $30K, and assets of $1 (revenue -0.2% year-over-year).
- 2022: Revenue of $28K, expenses of $27K, and assets of $852 (revenue -2.8% year-over-year).
- 2021: Revenue of $29K, expenses of $30K, and assets of $1.
Data Sources and Methodology
This transparency report for Halee Lyn Cummings Memorial Race 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.