La Cueva Band Boosters
La Cueva Band Boosters maintains consistent operations with volunteer leadership, but reported negative net assets in 2023.
EIN: 10823486 · Albuquerque, NM · NTEE: B112 · Updated: 2026-03-27
| Metric | Value |
|---|---|
| Total Expenses | $178K |
| Program Spending | 90% |
| Net Assets | $-4,912 |
| Transparency Score | 80/100 |
Is La Cueva Band Boosters Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
La Cueva Band Boosters directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About La Cueva Band Boosters
La Cueva Band Boosters (EIN: 10823486) is a nonprofit organization based in Albuquerque, NM, classified under NTEE code B112. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of La Cueva Band Boosters's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
La Cueva Band Boosters is a small nonprofit that has been operating for 21 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $173K |
| Total Expenses | $178K |
| Surplus / Deficit | $-4,912 |
| Total Assets | $23K |
| Total Liabilities | $28K |
| Net Assets | $-4,912 |
| Operating Margin | -2.8% |
| Debt-to-Asset Ratio | 121.4% |
| Months of Reserves | 1.5 months |
Financial Health Grade: D
In 2023, La Cueva Band Boosters reported a deficit of $5K with expenses exceeding revenue, holds 1.5 months of operating reserves (limited), has a debt-to-asset ratio of 121.4% (high leverage).
Financial Trends
Over 12 years of filings (2011–2023), La Cueva Band Boosters's revenue has grown at a compound annual growth rate (CAGR) of 7.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.1% | +3.7% | -30.9% |
| 2022 | +273.9% | +315.9% | +5.3% |
| 2021 | -77.6% | -80.7% | -18.9% |
| 2019 | +-0.0% | -1.0% | -15.1% |
| 2018 | -3.2% | +5.3% | -16.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 La Cueva Band Boosters with a Mission Score of 80 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, La Cueva Band Boosters 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 deficit of $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 121.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership operates on a volunteer basis, which is highly favorable for directing funds towards its mission.
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.
Red Flags
The following concerns were identified during AI analysis of La Cueva Band Boosters's IRS 990 filings:
- Liabilities ($27,823) exceeded assets ($22,911) in the 2023 filing, indicating a negative net asset position.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary makes precise efficiency analysis difficult.
Strengths
The following positive indicators were identified for La Cueva Band Boosters:
- Consistent reporting of 0% officer compensation across all filings, indicating volunteer leadership.
- Stable revenue and expense levels over multiple years, suggesting consistent operational capacity.
- Long filing history (12 filings) demonstrates commitment to transparency and compliance.
Frequently Asked Questions about La Cueva Band Boosters
Is La Cueva Band Boosters a legitimate charity?
Based on AI analysis of IRS 990 filings, La Cueva Band Boosters (EIN: 10823486) some concerns. Mission Score: 80/100. 2 red flags identified, 3 strengths noted.
How does La Cueva Band Boosters spend its money?
La Cueva Band Boosters directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to La Cueva Band Boosters tax-deductible?
La Cueva Band Boosters is registered as a tax-exempt nonprofit (EIN: 10823486). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of La Cueva Band Boosters's spending goes to programs?
La Cueva Band Boosters directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does La Cueva Band Boosters compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), La Cueva Band Boosters is above average for NTEE category B112 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is La Cueva Band Boosters located?
La Cueva Band Boosters is headquartered in Albuquerque, New Mexico and files with the IRS under EIN 10823486. It is classified under NTEE code B112.
How many years of IRS 990 filings does La Cueva Band Boosters have?
La Cueva Band Boosters has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Is La Cueva Band Boosters a good charity?
Based on the available data, La Cueva Band Boosters appears to be a well-intentioned organization with volunteer leadership (0% officer compensation). Its consistent revenue and expense levels suggest stable operations. However, the 2023 filing shows liabilities exceeding assets, which is a financial concern that would require further investigation into its causes and resolution.
What caused the negative net assets in the 2023 filing?
The provided data does not specify the exact cause. In 2023, the organization reported $22,911 in assets and $27,823 in liabilities. This could be due to timing of payments, short-term debt, or other operational factors. A deeper dive into the full 990 form for 2023 would be necessary to understand the nature of these liabilities.
How does the organization fund its activities?
With annual revenues consistently in the range of $170,000 to $210,000 in recent years, the organization likely relies on a combination of fundraising events, donations, and potentially student fees or school support to fund its band booster activities.
Filing History
IRS 990 filing history for La Cueva Band Boosters showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), La Cueva Band Boosters's revenue has grown by 129.4%, moving from $75K to $173K. Total assets increased by 11.6% over the same period, from $21K to $23K. Total functional expenses rose by 116.4%, from $82K to $178K. In its most recent filing year (2023), La Cueva Band Boosters reported a deficit of $5K, with expenses exceeding revenue. The organization holds $28K in liabilities against $23K in assets (debt-to-asset ratio: 121.4%), resulting in net assets of $-4,912.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $173K | $178K | $23K | $28K | — | — |
| 2022 | $173K | $171K | $33K | $0 | — | View 990 |
| 2021 | $46K | $41K | $31K | $0 | — | — |
| 2019 | $207K | $214K | $39K | $0 | — | View 990 |
| 2018 | $207K | $216K | $46K | $0 | — | View 990 |
| 2017 | $214K | $205K | $55K | $0 | — | View 990 |
| 2016 | $211K | $210K | $46K | $0 | — | View 990 |
| 2015 | $181K | $172K | $45K | $0 | — | View 990 |
| 2014 | $81K | $82K | $28K | $9K | — | View 990 |
| 2013 | $74K | $65K | $40K | $20K | — | View 990 |
| 2012 | $71K | $73K | $22K | $11K | — | View 990 |
| 2011 | $75K | $82K | $21K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $173K, expenses of $178K, and assets of $23K (revenue -0.1% year-over-year).
- 2022: Revenue of $173K, expenses of $171K, and assets of $33K (revenue +273.9% year-over-year).
- 2021: Revenue of $46K, expenses of $41K, and assets of $31K (revenue -77.6% year-over-year).
- 2019: Revenue of $207K, expenses of $214K, and assets of $39K (revenue +-0.0% year-over-year).
- 2018: Revenue of $207K, expenses of $216K, and assets of $46K (revenue -3.2% year-over-year).
- 2017: Revenue of $214K, expenses of $205K, and assets of $55K (revenue +1.4% year-over-year).
- 2016: Revenue of $211K, expenses of $210K, and assets of $46K (revenue +16.8% year-over-year).
- 2015: Revenue of $181K, expenses of $172K, and assets of $45K (revenue +122.2% year-over-year).
- 2014: Revenue of $81K, expenses of $82K, and assets of $28K (revenue +9.5% year-over-year).
- 2013: Revenue of $74K, expenses of $65K, and assets of $40K (revenue +4.7% year-over-year).
- 2012: Revenue of $71K, expenses of $73K, and assets of $22K (revenue -5.9% year-over-year).
- 2011: Revenue of $75K, expenses of $82K, and assets of $21K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for La Cueva Band Boosters:
Data Sources and Methodology
This transparency report for La Cueva Band Boosters 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.