Interlace Commons Inc
EIN: 823600860 · Bristol, VT · NTEE: C99
| Metric | Value |
|---|---|
| Total Revenue | $530K |
| Total Expenses | $750K |
| Net Assets | $182K |
Is Interlace Commons Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Interlace Commons Inc
Interlace Commons Inc (EIN: 823600860) is a nonprofit organization based in Bristol, VT, classified under NTEE code C99. The organization reported total revenue of $530K and total assets of $338K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Interlace Commons Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Interlace Commons Inc is a small nonprofit that has been operating for 7 years, with 4 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 76.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $678K |
| Total Expenses | $750K |
| Surplus / Deficit | $-72,129 |
| Total Assets | $316K |
| Total Liabilities | $134K |
| Net Assets | $182K |
| Operating Margin | -10.6% |
| Debt-to-Asset Ratio | 42.5% |
| Months of Reserves | 5.0 months |
Financial Health Grade: B
In 2023, Interlace Commons Inc reported a deficit of $72K with expenses exceeding revenue, holds 5.0 months of operating reserves (adequate), has a debt-to-asset ratio of 42.5% (moderate leverage).
Financial Trends
Over 4 years of filings (2019–2023), Interlace Commons Inc's revenue has grown at a compound annual growth rate (CAGR) of 76.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +46.5% | +166.3% | +24.3% |
| 2022 | +321.8% | +188.7% | +304.3% |
| 2021 | +56.7% | +762.0% | -33.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Interlace Commons 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 Interlace Commons 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 $72K, with expenses exceeding revenue.
- Debt-to-asset ratio: 42.5%.
Frequently Asked Questions about Interlace Commons Inc
Is Interlace Commons Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Interlace Commons Inc (EIN: 823600860) insufficient data. 0 red flags identified, 0 strengths noted.
How does Interlace Commons Inc spend its money?
Detailed spending breakdown data is not yet available for Interlace Commons Inc. Check back for updated IRS 990 analysis.
Are donations to Interlace Commons Inc tax-deductible?
Interlace Commons Inc is registered as a tax-exempt nonprofit (EIN: 823600860). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Interlace Commons Inc located?
Interlace Commons Inc is headquartered in Bristol, Vermont and files with the IRS under EIN 823600860. It is classified under NTEE code C99.
How many years of IRS 990 filings does Interlace Commons Inc have?
Interlace Commons Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $530K in total revenue.
Filing History
IRS 990 filing history for Interlace Commons Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2019–2023), Interlace Commons Inc's revenue has grown by 868.2%, moving from $70K to $678K. Total assets increased by 236.9% over the same period, from $94K to $316K. Total functional expenses rose by 6526.1%, from $11K to $750K. In its most recent filing year (2023), Interlace Commons Inc reported a deficit of $72K, with expenses exceeding revenue. The organization holds $134K in liabilities against $316K in assets (debt-to-asset ratio: 42.5%), resulting in net assets of $182K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $678K | $750K | $316K | $134K | — | — |
| 2022 | $463K | $282K | $254K | $0 | — | View 990 |
| 2021 | $110K | $98K | $63K | $0 | — | View 990 |
| 2019 | $70K | $11K | $94K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $678K, expenses of $750K, and assets of $316K (revenue +46.5% year-over-year).
- 2022: Revenue of $463K, expenses of $282K, and assets of $254K (revenue +321.8% year-over-year).
- 2021: Revenue of $110K, expenses of $98K, and assets of $63K (revenue +56.7% year-over-year).
- 2019: Revenue of $70K, expenses of $11K, and assets of $94K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Interlace Commons Inc:
Data Sources and Methodology
This transparency report for Interlace Commons 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.