Indiana Barrel Racing Futurity Inc
EIN: 351742592 · Whiteland, IN
| Metric | Value |
|---|---|
| Total Revenue | $244K |
| Total Expenses | $218K |
| Net Assets | $62K |
Is Indiana Barrel Racing Futurity Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Indiana Barrel Racing Futurity Inc
Indiana Barrel Racing Futurity Inc (EIN: 351742592) is a nonprofit organization based in Whiteland, IN. The organization reported total revenue of $244K and total assets of $62K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Indiana Barrel Racing Futurity Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Indiana Barrel Racing Futurity Inc is a small nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $218K |
| Total Expenses | $218K |
| Surplus / Deficit | $-526 |
| Total Assets | $62K |
| Net Assets | $62K |
| Operating Margin | -0.2% |
| Months of Reserves | 3.4 months |
Financial Health Grade: B
In 2023, Indiana Barrel Racing Futurity Inc reported a deficit of $526 with expenses exceeding revenue, holds 3.4 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2011–2023), Indiana Barrel Racing Futurity Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.0% | +23.6% | -0.8% |
| 2022 | +22.7% | +20.3% | +17.9% |
| 2021 | +21.0% | +27.1% | +10.1% |
| 2020 | +19.8% | +13.1% | +25.7% |
| 2019 | +41.2% | +41.2% | +7.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Indiana Barrel Racing Futurity 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 Indiana Barrel Racing Futurity 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 $526, with expenses exceeding revenue.
Frequently Asked Questions about Indiana Barrel Racing Futurity Inc
Is Indiana Barrel Racing Futurity Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Indiana Barrel Racing Futurity Inc (EIN: 351742592) insufficient data. 0 red flags identified, 0 strengths noted.
How does Indiana Barrel Racing Futurity Inc spend its money?
Detailed spending breakdown data is not yet available for Indiana Barrel Racing Futurity Inc. Check back for updated IRS 990 analysis.
Are donations to Indiana Barrel Racing Futurity Inc tax-deductible?
Indiana Barrel Racing Futurity Inc is registered as a tax-exempt nonprofit (EIN: 351742592). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Indiana Barrel Racing Futurity Inc located?
Indiana Barrel Racing Futurity Inc is headquartered in Whiteland, Indiana and files with the IRS under EIN 351742592.
How many years of IRS 990 filings does Indiana Barrel Racing Futurity Inc have?
Indiana Barrel Racing Futurity 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 $244K in total revenue.
Filing History
IRS 990 filing history for Indiana Barrel Racing Futurity Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Indiana Barrel Racing Futurity Inc's revenue has grown by 234.7%, moving from $65K to $218K. Total assets increased by 74.4% over the same period, from $35K to $62K. Total functional expenses rose by 253.1%, from $62K to $218K. In its most recent filing year (2023), Indiana Barrel Racing Futurity Inc reported a deficit of $526, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $218K | $218K | $62K | $0 | — | — |
| 2022 | $186K | $176K | $62K | $0 | — | View 990 |
| 2021 | $152K | $147K | $53K | $0 | — | View 990 |
| 2020 | $125K | $115K | $48K | $0 | — | View 990 |
| 2019 | $105K | $102K | $38K | $0 | — | View 990 |
| 2018 | $74K | $72K | $36K | $0 | — | View 990 |
| 2017 | $74K | $68K | $34K | $0 | — | View 990 |
| 2016 | $58K | $58K | $29K | $0 | — | View 990 |
| 2015 | $52K | $55K | $28K | $0 | — | View 990 |
| 2014 | $51K | $56K | $31K | $0 | — | View 990 |
| 2013 | $57K | $58K | $35K | $0 | — | View 990 |
| 2012 | $54K | $54K | $36K | $0 | — | View 990 |
| 2011 | $65K | $62K | $35K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $218K, expenses of $218K, and assets of $62K (revenue +17.0% year-over-year).
- 2022: Revenue of $186K, expenses of $176K, and assets of $62K (revenue +22.7% year-over-year).
- 2021: Revenue of $152K, expenses of $147K, and assets of $53K (revenue +21.0% year-over-year).
- 2020: Revenue of $125K, expenses of $115K, and assets of $48K (revenue +19.8% year-over-year).
- 2019: Revenue of $105K, expenses of $102K, and assets of $38K (revenue +41.2% year-over-year).
- 2018: Revenue of $74K, expenses of $72K, and assets of $36K (revenue +0.3% year-over-year).
- 2017: Revenue of $74K, expenses of $68K, and assets of $34K (revenue +27.0% year-over-year).
- 2016: Revenue of $58K, expenses of $58K, and assets of $29K (revenue +11.4% year-over-year).
- 2015: Revenue of $52K, expenses of $55K, and assets of $28K (revenue +2.9% year-over-year).
- 2014: Revenue of $51K, expenses of $56K, and assets of $31K (revenue -11.4% year-over-year).
- 2013: Revenue of $57K, expenses of $58K, and assets of $35K (revenue +5.3% year-over-year).
- 2012: Revenue of $54K, expenses of $54K, and assets of $36K (revenue -16.4% year-over-year).
- 2011: Revenue of $65K, expenses of $62K, and assets of $35K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Indiana Barrel Racing Futurity Inc:
Data Sources and Methodology
This transparency report for Indiana Barrel Racing Futurity 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.