Krewe Of Carnivale En Rio Inc
Krewe Of Carnivale En Rio Inc shows consistent revenue and asset growth with no reported officer compensation.
EIN: 202406119 · Lafayette, LA · NTEE: A20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $741K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $745K |
| Transparency Score | 90/100 |
Is Krewe Of Carnivale En Rio Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Krewe Of Carnivale En Rio Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Krewe Of Carnivale En Rio Inc
Krewe Of Carnivale En Rio Inc (EIN: 202406119) is a nonprofit organization based in Lafayette, LA, classified under NTEE code A20. The organization reported total revenue of $1.1M and total assets of $955K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Krewe Of Carnivale En Rio Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Krewe Of Carnivale En Rio Inc is a mid-size nonprofit that has been operating for 3 years, with 10 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $874K |
| Total Expenses | $741K |
| Surplus / Deficit | +$132K |
| Total Assets | $745K |
| Total Liabilities | $300 |
| Net Assets | $745K |
| Operating Margin | 15.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 12.1 months |
Financial Health Grade: A
In 2023, Krewe Of Carnivale En Rio Inc reported a surplus of $132K with revenue exceeding expenses, holds 12.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2012–2023), Krewe Of Carnivale En Rio Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.2% | +56.5% | +21.6% |
| 2022 | -6.5% | -24.9% | -7.3% |
| 2020 | +9.1% | +1.1% | +22.1% |
| 2018 | -2.8% | -4.1% | +10.9% |
| 2017 | -6.8% | -3.4% | +9.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2023 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Krewe Of Carnivale En Rio Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Krewe Of Carnivale En Rio Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $132K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting a volunteer-led executive structure or that compensation is not categorized as such on the 990, which is highly efficient for an organization of its size with over $1 million in revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Krewe Of Carnivale En Rio Inc:
- Consistent revenue growth, from $541,614 in 2012 to $1,110,726 currently.
- Strong asset accumulation, growing from $230,743 in 2012 to $955,011 currently.
- Very low to zero reported liabilities across most filing periods, indicating strong financial management.
- No reported officer compensation, suggesting high efficiency in leadership costs.
- Expenses consistently lower than revenue, contributing to financial stability and growth.
Frequently Asked Questions about Krewe Of Carnivale En Rio Inc
Is Krewe Of Carnivale En Rio Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Krewe Of Carnivale En Rio Inc (EIN: 202406119) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Krewe Of Carnivale En Rio Inc spend its money?
Krewe Of Carnivale En Rio Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Krewe Of Carnivale En Rio Inc tax-deductible?
Krewe Of Carnivale En Rio Inc is registered as a tax-exempt nonprofit (EIN: 202406119). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Krewe Of Carnivale En Rio Inc CEO make?
Krewe Of Carnivale En Rio Inc's highest-compensated officer earns $1 annually. The organization reported $1.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Krewe Of Carnivale En Rio Inc's spending goes to programs?
Krewe Of Carnivale En Rio Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Krewe Of Carnivale En Rio Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Krewe Of Carnivale En Rio Inc is above average for NTEE category A20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Krewe Of Carnivale En Rio Inc located?
Krewe Of Carnivale En Rio Inc is headquartered in Lafayette, Louisiana and files with the IRS under EIN 202406119. It is classified under NTEE code A20.
How many years of IRS 990 filings does Krewe Of Carnivale En Rio Inc have?
Krewe Of Carnivale En Rio Inc has 10 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 $1.1M in total revenue.
Is Krewe Of Carnivale En Rio Inc a good charity?
Based on its financial health, consistent growth, and lack of reported officer compensation, Krewe Of Carnivale En Rio Inc appears to be a well-managed organization. Its strong asset growth and low liabilities are positive indicators.
How does the organization manage to operate without reported officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization is either entirely volunteer-run at the executive level or that executive compensation is structured and reported under different expense categories, which would require further investigation to fully understand.
What is the trend in the organization's financial stability?
The organization shows a strong upward trend in financial stability, with revenue nearly doubling from $541,614 in 2012 to $1,110,726 currently, and assets quadrupling from $230,743 to $955,011 over the same period. Expenses have consistently been lower than revenue, allowing for asset accumulation.
Filing History
IRS 990 filing history for Krewe Of Carnivale En Rio Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2023), Krewe Of Carnivale En Rio Inc's revenue has grown by 61.3%, moving from $542K to $874K. Total assets increased by 222.8% over the same period, from $231K to $745K. Total functional expenses rose by 72.3%, from $430K to $741K. In its most recent filing year (2023), Krewe Of Carnivale En Rio Inc reported a surplus of $132K, with revenue exceeding expenses. The organization holds $300 in liabilities against $745K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $745K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $874K | $741K | $745K | $300 | — | — |
| 2022 | $687K | $474K | $613K | $300 | — | — |
| 2020 | $735K | $631K | $661K | $0 | — | — |
| 2018 | $673K | $624K | $541K | $0 | — | View 990 |
| 2017 | $693K | $651K | $488K | $0 | — | View 990 |
| 2016 | $744K | $674K | $446K | $0 | — | View 990 |
| 2015 | $683K | $636K | $376K | $0 | — | View 990 |
| 2014 | $645K | $530K | $333K | $5K | — | View 990 |
| 2013 | $589K | $604K | $213K | $0 | — | View 990 |
| 2012 | $542K | $430K | $231K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $874K, expenses of $741K, and assets of $745K (revenue +27.2% year-over-year).
- 2022: Revenue of $687K, expenses of $474K, and assets of $613K (revenue -6.5% year-over-year).
- 2020: Revenue of $735K, expenses of $631K, and assets of $661K (revenue +9.1% year-over-year).
- 2018: Revenue of $673K, expenses of $624K, and assets of $541K (revenue -2.8% year-over-year).
- 2017: Revenue of $693K, expenses of $651K, and assets of $488K (revenue -6.8% year-over-year).
- 2016: Revenue of $744K, expenses of $674K, and assets of $446K (revenue +8.9% year-over-year).
- 2015: Revenue of $683K, expenses of $636K, and assets of $376K (revenue +5.9% year-over-year).
- 2014: Revenue of $645K, expenses of $530K, and assets of $333K (revenue +9.5% year-over-year).
- 2013: Revenue of $589K, expenses of $604K, and assets of $213K (revenue +8.8% year-over-year).
- 2012: Revenue of $542K, expenses of $430K, and assets of $231K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Krewe Of Carnivale En Rio Inc:
Data Sources and Methodology
This transparency report for Krewe Of Carnivale En Rio 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.