International Mc Class Sailboat Racing Association
EIN: 430965397 · Lk Winnebago, MO
| Metric | Value |
|---|---|
| Total Revenue | $918K |
| Total Expenses | $772K |
| Net Assets | $84K |
Is International Mc Class Sailboat Racing Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About International Mc Class Sailboat Racing Association
International Mc Class Sailboat Racing Association (EIN: 430965397) is a nonprofit organization based in Lk Winnebago, MO. The organization reported total revenue of $918K and total assets of $103K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of International Mc Class Sailboat Racing Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
International Mc Class Sailboat Racing Association is a small nonprofit that has been operating for 52 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $757K |
| Total Expenses | $772K |
| Surplus / Deficit | $-14,670 |
| Total Assets | $113K |
| Total Liabilities | $29K |
| Net Assets | $84K |
| Operating Margin | -1.9% |
| Debt-to-Asset Ratio | 25.3% |
| Months of Reserves | 1.8 months |
Financial Health Grade: C
In 2023, International Mc Class Sailboat Racing Association reported a deficit of $15K with expenses exceeding revenue, holds 1.8 months of operating reserves (limited), has a debt-to-asset ratio of 25.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), International Mc Class Sailboat Racing Association's revenue has grown at a compound annual growth rate (CAGR) of 5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.2% | -8.4% | -12.8% |
| 2022 | -3.7% | +20.9% | -42.4% |
| 2021 | +29.0% | +13.7% | +46.0% |
| 2020 | -0.2% | +8.5% | -1.9% |
| 2019 | +15.5% | +1.2% | +24.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1974 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for International Mc Class Sailboat Racing Association 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 International Mc Class Sailboat Racing Association 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 $15K, with expenses exceeding revenue.
- Debt-to-asset ratio: 25.3%.
Frequently Asked Questions about International Mc Class Sailboat Racing Association
Is International Mc Class Sailboat Racing Association a legitimate charity?
Based on AI analysis of IRS 990 filings, International Mc Class Sailboat Racing Association (EIN: 430965397) insufficient data. 0 red flags identified, 0 strengths noted.
How does International Mc Class Sailboat Racing Association spend its money?
Detailed spending breakdown data is not yet available for International Mc Class Sailboat Racing Association. Check back for updated IRS 990 analysis.
Are donations to International Mc Class Sailboat Racing Association tax-deductible?
International Mc Class Sailboat Racing Association is registered as a tax-exempt nonprofit (EIN: 430965397). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is International Mc Class Sailboat Racing Association located?
International Mc Class Sailboat Racing Association is headquartered in Lk Winnebago, Missouri and files with the IRS under EIN 430965397.
How many years of IRS 990 filings does International Mc Class Sailboat Racing Association have?
International Mc Class Sailboat Racing Association 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 $918K in total revenue.
Filing History
IRS 990 filing history for International Mc Class Sailboat Racing Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), International Mc Class Sailboat Racing Association's revenue has grown by 88.6%, moving from $401K to $757K. Total assets increased by 49% over the same period, from $76K to $113K. Total functional expenses rose by 78.9%, from $431K to $772K. In its most recent filing year (2023), International Mc Class Sailboat Racing Association reported a deficit of $15K, with expenses exceeding revenue. The organization holds $29K in liabilities against $113K in assets (debt-to-asset ratio: 25.3%), resulting in net assets of $84K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $757K | $772K | $113K | $29K | — | — |
| 2022 | $759K | $843K | $130K | $31K | — | View 990 |
| 2021 | $788K | $697K | $225K | $42K | — | View 990 |
| 2020 | $611K | $613K | $154K | $61K | — | — |
| 2019 | $612K | $565K | $157K | $62K | — | View 990 |
| 2018 | $530K | $558K | $127K | $77K | — | View 990 |
| 2017 | $541K | $523K | $165K | $86K | — | View 990 |
| 2016 | $511K | $518K | $161K | $102K | — | View 990 |
| 2015 | $514K | $527K | $88K | $21K | — | View 990 |
| 2014 | $494K | $479K | $114K | $33K | — | View 990 |
| 2013 | $427K | $410K | $100K | $36K | — | View 990 |
| 2012 | $424K | $412K | $89K | $43K | — | View 990 |
| 2011 | $401K | $431K | $76K | $49K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $757K, expenses of $772K, and assets of $113K (revenue -0.2% year-over-year).
- 2022: Revenue of $759K, expenses of $843K, and assets of $130K (revenue -3.7% year-over-year).
- 2021: Revenue of $788K, expenses of $697K, and assets of $225K (revenue +29.0% year-over-year).
- 2020: Revenue of $611K, expenses of $613K, and assets of $154K (revenue -0.2% year-over-year).
- 2019: Revenue of $612K, expenses of $565K, and assets of $157K (revenue +15.5% year-over-year).
- 2018: Revenue of $530K, expenses of $558K, and assets of $127K (revenue -2.1% year-over-year).
- 2017: Revenue of $541K, expenses of $523K, and assets of $165K (revenue +6.0% year-over-year).
- 2016: Revenue of $511K, expenses of $518K, and assets of $161K (revenue -0.6% year-over-year).
- 2015: Revenue of $514K, expenses of $527K, and assets of $88K (revenue +4.1% year-over-year).
- 2014: Revenue of $494K, expenses of $479K, and assets of $114K (revenue +15.6% year-over-year).
- 2013: Revenue of $427K, expenses of $410K, and assets of $100K (revenue +0.7% year-over-year).
- 2012: Revenue of $424K, expenses of $412K, and assets of $89K (revenue +5.7% year-over-year).
- 2011: Revenue of $401K, expenses of $431K, and assets of $76K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for International Mc Class Sailboat Racing Association:
Data Sources and Methodology
This transparency report for International Mc Class Sailboat Racing Association 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.