Krewe Of Red Beans
EIN: 820667168 · New Orleans, LA · NTEE: A99
| Metric | Value |
|---|---|
| Total Revenue | $994K |
| Total Expenses | $714K |
| Net Assets | $437K |
Is Krewe Of Red Beans Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Krewe Of Red Beans
Krewe Of Red Beans (EIN: 820667168) is a nonprofit organization based in New Orleans, LA, classified under NTEE code A99. The organization reported total revenue of $994K and total assets of $3.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Krewe Of Red Beans's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Krewe Of Red Beans is a small nonprofit that has been operating for 9 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 45.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $711K |
| Total Expenses | $714K |
| Surplus / Deficit | $-3,371 |
| Total Assets | $3.5M |
| Total Liabilities | $3.1M |
| Net Assets | $437K |
| Operating Margin | -0.5% |
| Debt-to-Asset Ratio | 87.5% |
| Months of Reserves | 58.8 months |
Financial Health Grade: C
In 2023, Krewe Of Red Beans reported a deficit of $3K with expenses exceeding revenue, holds 58.8 months of operating reserves (strong position), has a debt-to-asset ratio of 87.5% (high leverage).
Financial Trends
Over 7 years of filings (2017–2023), Krewe Of Red Beans's revenue has grown at a compound annual growth rate (CAGR) of 45.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.5% | +25.6% | +17.9% |
| 2022 | -62.5% | -63.6% | +5.5% |
| 2021 | -2.3% | -10.2% | +1964.0% |
| 2020 | +1714.1% | +2103.9% | +155.7% |
| 2019 | +67.5% | +29.5% | +67.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Krewe Of Red Beans 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 Krewe Of Red Beans 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 $3K, with expenses exceeding revenue.
- Debt-to-asset ratio: 87.5%.
Frequently Asked Questions about Krewe Of Red Beans
Is Krewe Of Red Beans a legitimate charity?
Based on AI analysis of IRS 990 filings, Krewe Of Red Beans (EIN: 820667168) insufficient data. 0 red flags identified, 0 strengths noted.
How does Krewe Of Red Beans spend its money?
Detailed spending breakdown data is not yet available for Krewe Of Red Beans. Check back for updated IRS 990 analysis.
Are donations to Krewe Of Red Beans tax-deductible?
Krewe Of Red Beans is registered as a tax-exempt nonprofit (EIN: 820667168). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Krewe Of Red Beans located?
Krewe Of Red Beans is headquartered in New Orleans, Louisiana and files with the IRS under EIN 820667168. It is classified under NTEE code A99.
How many years of IRS 990 filings does Krewe Of Red Beans have?
Krewe Of Red Beans has 7 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 $994K in total revenue.
Filing History
IRS 990 filing history for Krewe Of Red Beans showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Krewe Of Red Beans's revenue has grown by 838.7%, moving from $76K to $711K. Total assets increased by 15991% over the same period, from $22K to $3.5M. Total functional expenses rose by 4327.5%, from $16K to $714K. In its most recent filing year (2023), Krewe Of Red Beans reported a deficit of $3K, with expenses exceeding revenue. The organization holds $3.1M in liabilities against $3.5M in assets (debt-to-asset ratio: 87.5%), resulting in net assets of $437K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $711K | $714K | $3.5M | $3.1M | — | View 990 |
| 2022 | $667K | $569K | $3.0M | $2.5M | — | View 990 |
| 2021 | $1.8M | $1.6M | $2.8M | $2.5M | — | View 990 |
| 2020 | $1.8M | $1.7M | $136K | $13K | — | View 990 |
| 2019 | $100K | $79K | $53K | $13K | — | View 990 |
| 2018 | $60K | $61K | $32K | $13K | — | View 990 |
| 2017 | $76K | $16K | $22K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $711K, expenses of $714K, and assets of $3.5M (revenue +6.5% year-over-year).
- 2022: Revenue of $667K, expenses of $569K, and assets of $3.0M (revenue -62.5% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.6M, and assets of $2.8M (revenue -2.3% year-over-year).
- 2020: Revenue of $1.8M, expenses of $1.7M, and assets of $136K (revenue +1714.1% year-over-year).
- 2019: Revenue of $100K, expenses of $79K, and assets of $53K (revenue +67.5% year-over-year).
- 2018: Revenue of $60K, expenses of $61K, and assets of $32K (revenue -20.8% year-over-year).
- 2017: Revenue of $76K, expenses of $16K, and assets of $22K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Krewe Of Red Beans:
Data Sources and Methodology
This transparency report for Krewe Of Red Beans 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.