Houma Terrebonne Carnival Club Inc
EIN: 720826560 · Houma, LA
| Metric | Value |
|---|---|
| Total Revenue | $696K |
| Total Expenses | $474K |
| Net Assets | $547K |
Is Houma Terrebonne Carnival Club Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Houma Terrebonne Carnival Club Inc
Houma Terrebonne Carnival Club Inc (EIN: 720826560) is a nonprofit organization based in Houma, LA. The organization reported total revenue of $696K and total assets of $565K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Houma Terrebonne Carnival Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Houma Terrebonne Carnival Club Inc is a small nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $438K |
| Total Expenses | $474K |
| Surplus / Deficit | $-35,580 |
| Total Assets | $626K |
| Total Liabilities | $79K |
| Net Assets | $547K |
| Operating Margin | -8.1% |
| Debt-to-Asset Ratio | 12.6% |
| Months of Reserves | 15.8 months |
Financial Health Grade: B
In 2023, Houma Terrebonne Carnival Club Inc reported a deficit of $36K with expenses exceeding revenue, holds 15.8 months of operating reserves (strong position), has a debt-to-asset ratio of 12.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Houma Terrebonne Carnival Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +29.7% | +29.9% | +2.4% |
| 2022 | +162.6% | +132.5% | +0.3% |
| 2021 | -61.4% | -46.8% | -11.0% |
| 2020 | +10.3% | +6.5% | +2.9% |
| 2019 | -11.8% | -7.4% | +9.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Houma Terrebonne Carnival Club 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 Houma Terrebonne Carnival Club 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 $36K, with expenses exceeding revenue.
- Debt-to-asset ratio: 12.6%.
Frequently Asked Questions about Houma Terrebonne Carnival Club Inc
Is Houma Terrebonne Carnival Club Inc a legitimate charity?
Houma Terrebonne Carnival Club Inc (EIN: 720826560) is a registered tax-exempt nonprofit based in Louisiana. It has 13 years of IRS 990 filings on record. Total revenue: $696K. No red flags identified. Financial health grade: B.
How does Houma Terrebonne Carnival Club Inc spend its money?
Houma Terrebonne Carnival Club Inc reported $696K 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 Houma Terrebonne Carnival Club Inc tax-deductible?
Houma Terrebonne Carnival Club Inc is registered as a tax-exempt nonprofit (EIN: 720826560). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Houma Terrebonne Carnival Club Inc located?
Houma Terrebonne Carnival Club Inc is headquartered in Houma, Louisiana and files with the IRS under EIN 720826560.
How many years of IRS 990 filings does Houma Terrebonne Carnival Club Inc have?
Houma Terrebonne Carnival Club 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 $696K in total revenue.
Filing History
IRS 990 filing history for Houma Terrebonne Carnival Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Houma Terrebonne Carnival Club Inc's revenue has grown by 50.5%, moving from $291K to $438K. Total assets decreased by 4.3% over the same period, from $654K to $626K. Total functional expenses rose by 54.4%, from $307K to $474K. In its most recent filing year (2023), Houma Terrebonne Carnival Club Inc reported a deficit of $36K, with expenses exceeding revenue. The organization holds $79K in liabilities against $626K in assets (debt-to-asset ratio: 12.6%), resulting in net assets of $547K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $438K | $474K | $626K | $79K | — | View 990 |
| 2022 | $338K | $365K | $611K | $29K | — | View 990 |
| 2021 | $129K | $157K | $609K | $0 | — | View 990 |
| 2020 | $333K | $295K | $685K | $47K | — | — |
| 2019 | $302K | $277K | $666K | $66K | — | View 990 |
| 2018 | $342K | $299K | $610K | $36K | — | View 990 |
| 2017 | $388K | $267K | $663K | $131K | — | View 990 |
| 2016 | $299K | $281K | $560K | $149K | — | View 990 |
| 2015 | $288K | $252K | $596K | $204K | — | View 990 |
| 2014 | $352K | $271K | $578K | $222K | — | View 990 |
| 2013 | $178K | $284K | $495K | $220K | — | View 990 |
| 2012 | $303K | $304K | $626K | $244K | — | View 990 |
| 2011 | $291K | $307K | $654K | $270K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $438K, expenses of $474K, and assets of $626K (revenue +29.7% year-over-year).
- 2022: Revenue of $338K, expenses of $365K, and assets of $611K (revenue +162.6% year-over-year).
- 2021: Revenue of $129K, expenses of $157K, and assets of $609K (revenue -61.4% year-over-year).
- 2020: Revenue of $333K, expenses of $295K, and assets of $685K (revenue +10.3% year-over-year).
- 2019: Revenue of $302K, expenses of $277K, and assets of $666K (revenue -11.8% year-over-year).
- 2018: Revenue of $342K, expenses of $299K, and assets of $610K (revenue -11.8% year-over-year).
- 2017: Revenue of $388K, expenses of $267K, and assets of $663K (revenue +29.7% year-over-year).
- 2016: Revenue of $299K, expenses of $281K, and assets of $560K (revenue +4.0% year-over-year).
- 2015: Revenue of $288K, expenses of $252K, and assets of $596K (revenue -18.2% year-over-year).
- 2014: Revenue of $352K, expenses of $271K, and assets of $578K (revenue +97.6% year-over-year).
- 2013: Revenue of $178K, expenses of $284K, and assets of $495K (revenue -41.2% year-over-year).
- 2012: Revenue of $303K, expenses of $304K, and assets of $626K (revenue +4.0% year-over-year).
- 2011: Revenue of $291K, expenses of $307K, and assets of $654K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Houma Terrebonne Carnival Club Inc:
Data Sources and Methodology
This transparency report for Houma Terrebonne Carnival Club 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.