K Mar 105 Association
EIN: 480768699 · Manhattan, KS
| Metric | Value |
|---|---|
| Total Revenue | $528K |
| Total Expenses | $499K |
| Net Assets | $589K |
Is K Mar 105 Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About K Mar 105 Association
K Mar 105 Association (EIN: 480768699) is a nonprofit organization based in Manhattan, KS. The organization reported total revenue of $528K and total assets of $563K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of K Mar 105 Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
K Mar 105 Association is a small nonprofit that has been operating for 54 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $517K |
| Total Expenses | $499K |
| Surplus / Deficit | +$18K |
| Total Assets | $589K |
| Total Liabilities | $754 |
| Net Assets | $589K |
| Operating Margin | 3.5% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 14.2 months |
Financial Health Grade: A
In 2023, K Mar 105 Association reported a surplus of $18K with revenue exceeding expenses, holds 14.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), K Mar 105 Association's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.5% | -13.2% | +3.3% |
| 2022 | +36.8% | +33.2% | -9.6% |
| 2021 | -0.1% | +29.5% | -8.1% |
| 2020 | -4.8% | -26.6% | +6.6% |
| 2019 | -2.3% | +5.0% | -8.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1972 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for K Mar 105 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 K Mar 105 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 surplus of $18K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Frequently Asked Questions about K Mar 105 Association
Is K Mar 105 Association a legitimate charity?
K Mar 105 Association (EIN: 480768699) is a registered tax-exempt nonprofit based in Kansas. It has 13 years of IRS 990 filings on record. Total revenue: $528K. No red flags identified. Financial health grade: A.
How does K Mar 105 Association spend its money?
K Mar 105 Association reported $528K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to K Mar 105 Association tax-deductible?
K Mar 105 Association is registered as a tax-exempt nonprofit (EIN: 480768699). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is K Mar 105 Association located?
K Mar 105 Association is headquartered in Manhattan, Kansas and files with the IRS under EIN 480768699.
How many years of IRS 990 filings does K Mar 105 Association have?
K Mar 105 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 $528K in total revenue.
Filing History
IRS 990 filing history for K Mar 105 Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), K Mar 105 Association's revenue has grown by 37.5%, moving from $376K to $517K. Total assets increased by 114.1% over the same period, from $275K to $589K. Total functional expenses rose by 44.8%, from $344K to $499K. In its most recent filing year (2023), K Mar 105 Association reported a surplus of $18K, with revenue exceeding expenses. The organization holds $754 in liabilities against $589K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $589K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $517K | $499K | $589K | $754 | — | View 990 |
| 2022 | $514K | $574K | $570K | $0 | — | View 990 |
| 2021 | $376K | $431K | $631K | $0 | — | View 990 |
| 2020 | $376K | $333K | $686K | $0 | — | View 990 |
| 2019 | $395K | $453K | $643K | $0 | — | — |
| 2018 | $405K | $431K | $701K | $0 | — | View 990 |
| 2017 | $417K | $353K | $728K | $0 | — | View 990 |
| 2016 | $422K | $363K | $664K | $0 | — | View 990 |
| 2015 | $459K | $412K | $606K | $0 | — | View 990 |
| 2014 | $452K | $346K | $559K | $0 | — | View 990 |
| 2013 | $476K | $373K | $453K | $0 | — | View 990 |
| 2012 | $390K | $315K | $351K | $0 | — | View 990 |
| 2011 | $376K | $344K | $275K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $517K, expenses of $499K, and assets of $589K (revenue +0.5% year-over-year).
- 2022: Revenue of $514K, expenses of $574K, and assets of $570K (revenue +36.8% year-over-year).
- 2021: Revenue of $376K, expenses of $431K, and assets of $631K (revenue -0.1% year-over-year).
- 2020: Revenue of $376K, expenses of $333K, and assets of $686K (revenue -4.8% year-over-year).
- 2019: Revenue of $395K, expenses of $453K, and assets of $643K (revenue -2.3% year-over-year).
- 2018: Revenue of $405K, expenses of $431K, and assets of $701K (revenue -2.8% year-over-year).
- 2017: Revenue of $417K, expenses of $353K, and assets of $728K (revenue -1.3% year-over-year).
- 2016: Revenue of $422K, expenses of $363K, and assets of $664K (revenue -8.2% year-over-year).
- 2015: Revenue of $459K, expenses of $412K, and assets of $606K (revenue +1.7% year-over-year).
- 2014: Revenue of $452K, expenses of $346K, and assets of $559K (revenue -5.1% year-over-year).
- 2013: Revenue of $476K, expenses of $373K, and assets of $453K (revenue +22.0% year-over-year).
- 2012: Revenue of $390K, expenses of $315K, and assets of $351K (revenue +3.8% year-over-year).
- 2011: Revenue of $376K, expenses of $344K, and assets of $275K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for K Mar 105 Association:
Data Sources and Methodology
This transparency report for K Mar 105 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.