Karters Of America Racing Triad
EIN: 431684871 · Claremore, OK
| Metric | Value |
|---|---|
| Total Revenue | $128K |
| Total Expenses | $169K |
| Net Assets | $108K |
Is Karters Of America Racing Triad Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Karters Of America Racing Triad
Karters Of America Racing Triad (EIN: 431684871) is a nonprofit organization based in Claremore, OK. The organization reported total revenue of $128K and total assets of $114K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Karters Of America Racing Triad's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Karters Of America Racing Triad is a small nonprofit that has been operating for 31 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $181K |
| Total Expenses | $169K |
| Surplus / Deficit | +$12K |
| Total Assets | $115K |
| Total Liabilities | $8K |
| Net Assets | $108K |
| Operating Margin | 6.6% |
| Debt-to-Asset Ratio | 6.6% |
| Months of Reserves | 8.2 months |
Financial Health Grade: A
In 2023, Karters Of America Racing Triad reported a surplus of $12K with revenue exceeding expenses, holds 8.2 months of operating reserves (strong position), has a debt-to-asset ratio of 6.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Karters Of America Racing Triad's revenue has grown at a compound annual growth rate (CAGR) of 6.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +26.3% | +32.1% | +20.4% |
| 2022 | +41.5% | +77.5% | +22.5% |
| 2021 | +24.8% | +17.3% | +59.9% |
| 2020 | -33.1% | -45.8% | +38.3% |
| 2019 | +62.1% | +46.0% | -3.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Karters Of America Racing Triad 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 Karters Of America Racing Triad 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 $12K, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.6%.
Frequently Asked Questions about Karters Of America Racing Triad
Is Karters Of America Racing Triad a legitimate charity?
Karters Of America Racing Triad (EIN: 431684871) is a registered tax-exempt nonprofit based in Oklahoma. It has 13 years of IRS 990 filings on record. Total revenue: $128K. No red flags identified. Financial health grade: A.
How does Karters Of America Racing Triad spend its money?
Karters Of America Racing Triad reported $128K 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 Karters Of America Racing Triad tax-deductible?
Karters Of America Racing Triad is registered as a tax-exempt nonprofit (EIN: 431684871). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Karters Of America Racing Triad located?
Karters Of America Racing Triad is headquartered in Claremore, Oklahoma and files with the IRS under EIN 431684871.
How many years of IRS 990 filings does Karters Of America Racing Triad have?
Karters Of America Racing Triad 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 $128K in total revenue.
Filing History
IRS 990 filing history for Karters Of America Racing Triad showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Karters Of America Racing Triad's revenue has grown by 111.7%, moving from $86K to $181K. Total assets increased by 161.6% over the same period, from $44K to $115K. Total functional expenses rose by 77.6%, from $95K to $169K. In its most recent filing year (2023), Karters Of America Racing Triad reported a surplus of $12K, with revenue exceeding expenses. The organization holds $8K in liabilities against $115K in assets (debt-to-asset ratio: 6.6%), resulting in net assets of $108K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $181K | $169K | $115K | $8K | — | View 990 |
| 2022 | $144K | $128K | $96K | $0 | — | View 990 |
| 2021 | $102K | $72K | $78K | $0 | — | View 990 |
| 2020 | $81K | $62K | $49K | $0 | — | — |
| 2019 | $122K | $114K | $35K | $0 | — | View 990 |
| 2018 | $75K | $78K | $36K | $0 | — | View 990 |
| 2017 | $79K | $82K | $35K | $0 | — | View 990 |
| 2016 | $82K | $80K | $38K | $0 | — | View 990 |
| 2015 | $76K | $64K | $35K | $0 | — | View 990 |
| 2014 | $98K | $101K | $22K | $0 | — | View 990 |
| 2013 | $90K | $98K | $26K | $0 | — | View 990 |
| 2012 | $86K | $73K | $57K | $0 | — | View 990 |
| 2011 | $86K | $95K | $44K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $181K, expenses of $169K, and assets of $115K (revenue +26.3% year-over-year).
- 2022: Revenue of $144K, expenses of $128K, and assets of $96K (revenue +41.5% year-over-year).
- 2021: Revenue of $102K, expenses of $72K, and assets of $78K (revenue +24.8% year-over-year).
- 2020: Revenue of $81K, expenses of $62K, and assets of $49K (revenue -33.1% year-over-year).
- 2019: Revenue of $122K, expenses of $114K, and assets of $35K (revenue +62.1% year-over-year).
- 2018: Revenue of $75K, expenses of $78K, and assets of $36K (revenue -5.6% year-over-year).
- 2017: Revenue of $79K, expenses of $82K, and assets of $35K (revenue -3.0% year-over-year).
- 2016: Revenue of $82K, expenses of $80K, and assets of $38K (revenue +7.4% year-over-year).
- 2015: Revenue of $76K, expenses of $64K, and assets of $35K (revenue -22.0% year-over-year).
- 2014: Revenue of $98K, expenses of $101K, and assets of $22K (revenue +9.1% year-over-year).
- 2013: Revenue of $90K, expenses of $98K, and assets of $26K (revenue +4.1% year-over-year).
- 2012: Revenue of $86K, expenses of $73K, and assets of $57K (revenue +0.6% year-over-year).
- 2011: Revenue of $86K, expenses of $95K, and assets of $44K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Karters Of America Racing Triad:
Data Sources and Methodology
This transparency report for Karters Of America Racing Triad 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.