Independent Textile Rental Association Inc
Independent Textile Rental Association Inc. maintains stable finances with no reported officer compensation.
EIN: 200482965 · Columbia, SC · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $206K |
| Total Expenses | $145K |
| Program Spending | 80% |
| Net Assets | $237K |
| Transparency Score | 75/100 |
Is Independent Textile Rental Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Independent Textile Rental Association Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Independent Textile Rental Association Inc
Independent Textile Rental Association Inc (EIN: 200482965) is a nonprofit organization based in Columbia, SC, classified under NTEE code S41. The organization reported total revenue of $206K and total assets of $153K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Independent Textile Rental Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Independent Textile Rental Association Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $210K |
| Total Expenses | $145K |
| Surplus / Deficit | +$66K |
| Total Assets | $253K |
| Total Liabilities | $16K |
| Net Assets | $237K |
| Operating Margin | 31.2% |
| Debt-to-Asset Ratio | 6.5% |
| Months of Reserves | 21.0 months |
Financial Health Grade: A
In 2023, Independent Textile Rental Association Inc reported a surplus of $66K with revenue exceeding expenses, holds 21.0 months of operating reserves (strong position), has a debt-to-asset ratio of 6.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Independent Textile Rental Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.6% | -51.0% | +22.4% |
| 2022 | -12.6% | +11.6% | -26.6% |
| 2021 | +162.5% | +168.1% | -1.1% |
| 2020 | -61.2% | -63.1% | -6.1% |
| 2019 | -7.3% | +2.3% | -3.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Independent Textile Rental Association Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Independent Textile Rental Association Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $66K, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid or compensated through other means not classified as officer compensation, which is highly unusual for an organization of its size and revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Independent Textile Rental Association Inc's IRS 990 filings:
- Unexplained significant deficit in 2022 (Expenses $295,413 vs. Revenue $235,167)
- Consistent 0% officer compensation, which is unusual for an organization with consistent revenue, potentially indicating compensation through other means or a fully volunteer-run executive structure.
Strengths
The following positive indicators were identified for Independent Textile Rental Association Inc:
- Consistent IRS 990 filing history (13 filings) demonstrating transparency.
- Generally stable financial performance with revenues often exceeding expenses.
- Low liabilities relative to assets in recent years (e.g., $16,365 liabilities vs. $253,384 assets in 2023).
- No reported officer compensation, suggesting a lean executive cost structure.
Frequently Asked Questions about Independent Textile Rental Association Inc
Is Independent Textile Rental Association Inc a legitimate charity?
Independent Textile Rental Association Inc (EIN: 200482965) is a registered tax-exempt nonprofit based in South Carolina. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $206K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Independent Textile Rental Association Inc spend its money?
Independent Textile Rental Association Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Independent Textile Rental Association Inc tax-deductible?
Independent Textile Rental Association Inc is registered as a tax-exempt nonprofit (EIN: 200482965). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Independent Textile Rental Association Inc's spending goes to programs?
Independent Textile Rental Association Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Independent Textile Rental Association Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Independent Textile Rental Association Inc is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Independent Textile Rental Association Inc located?
Independent Textile Rental Association Inc is headquartered in Columbia, South Carolina and files with the IRS under EIN 200482965. It is classified under NTEE code S41.
How many years of IRS 990 filings does Independent Textile Rental Association Inc have?
Independent Textile Rental 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 $206K in total revenue.
What are the primary activities or programs of the Independent Textile Rental Association Inc.?
Based on its NTEE code S41 (Business & Professional Associations), the organization likely focuses on supporting its members within the textile rental industry through advocacy, networking, or educational initiatives, rather than direct public programs. Specific program details are not available in the provided financial summary.
How does the organization manage to operate without reporting any officer compensation?
The consistent reporting of 0% officer compensation suggests that executive leadership may be entirely volunteer-based, compensated through a related entity, or that the roles are structured in a way that compensation is not categorized as 'officer compensation' on the 990. This is a notable operational characteristic.
What caused the significant expense increase and deficit in 2022?
In 2022, expenses rose to $295,413 while revenue was $235,167, resulting in a deficit. Without access to the detailed 990 filing for that year, the specific reasons for this increase in spending are unclear, but it represents a deviation from the organization's typical financial performance.
Is the organization's asset base sufficient for its operations?
With assets of $253,384 in 2023 and annual revenues around $200,000-$250,000, the organization appears to have a reasonable asset base to support its operations and manage liabilities, which were $16,365 in the latest filing.
Filing History
IRS 990 filing history for Independent Textile Rental Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Independent Textile Rental Association Inc's revenue has grown by 0%, moving from $210K to $210K. Total assets increased by 69.4% over the same period, from $150K to $253K. Total functional expenses fell by 32%, from $213K to $145K. In its most recent filing year (2023), Independent Textile Rental Association Inc reported a surplus of $66K, with revenue exceeding expenses. The organization holds $16K in liabilities against $253K in assets (debt-to-asset ratio: 6.5%), resulting in net assets of $237K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $210K | $145K | $253K | $16K | — | — |
| 2022 | $235K | $295K | $207K | $36K | — | View 990 |
| 2021 | $269K | $265K | $282K | $1K | — | View 990 |
| 2020 | $102K | $99K | $285K | $9K | — | View 990 |
| 2019 | $264K | $268K | $304K | $31K | — | View 990 |
| 2018 | $285K | $262K | $316K | $39K | — | View 990 |
| 2017 | $291K | $243K | $324K | $71K | — | View 990 |
| 2016 | $283K | $272K | $253K | $53K | — | View 990 |
| 2015 | $277K | $256K | $225K | $36K | — | View 990 |
| 2014 | $263K | $232K | $241K | $72K | — | View 990 |
| 2013 | $274K | $254K | $213K | $75K | — | View 990 |
| 2012 | $227K | $214K | $194K | $77K | — | View 990 |
| 2011 | $210K | $213K | $150K | $45K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $210K, expenses of $145K, and assets of $253K (revenue -10.6% year-over-year).
- 2022: Revenue of $235K, expenses of $295K, and assets of $207K (revenue -12.6% year-over-year).
- 2021: Revenue of $269K, expenses of $265K, and assets of $282K (revenue +162.5% year-over-year).
- 2020: Revenue of $102K, expenses of $99K, and assets of $285K (revenue -61.2% year-over-year).
- 2019: Revenue of $264K, expenses of $268K, and assets of $304K (revenue -7.3% year-over-year).
- 2018: Revenue of $285K, expenses of $262K, and assets of $316K (revenue -2.1% year-over-year).
- 2017: Revenue of $291K, expenses of $243K, and assets of $324K (revenue +3.0% year-over-year).
- 2016: Revenue of $283K, expenses of $272K, and assets of $253K (revenue +2.1% year-over-year).
- 2015: Revenue of $277K, expenses of $256K, and assets of $225K (revenue +5.5% year-over-year).
- 2014: Revenue of $263K, expenses of $232K, and assets of $241K (revenue -4.1% year-over-year).
- 2013: Revenue of $274K, expenses of $254K, and assets of $213K (revenue +20.5% year-over-year).
- 2012: Revenue of $227K, expenses of $214K, and assets of $194K (revenue +8.0% year-over-year).
- 2011: Revenue of $210K, expenses of $213K, and assets of $150K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Independent Textile Rental Association Inc:
Data Sources and Methodology
This transparency report for Independent Textile Rental 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.