Legacy Speedway Inc
EIN: 883466307 · Milan, NM · NTEE: N70
| Metric | Value |
|---|---|
| Total Revenue | $65K |
| Total Expenses | $64K |
| Net Assets | $12K |
Is Legacy Speedway Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Legacy Speedway Inc
Legacy Speedway Inc (EIN: 883466307) is a nonprofit organization based in Milan, NM, classified under NTEE code N70. The organization reported total revenue of $65K and total assets of $17K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Legacy Speedway Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Legacy Speedway Inc is a micro nonprofit that has been operating for 3 years.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $62K |
| Total Expenses | $64K |
| Surplus / Deficit | $-1,699 |
| Total Assets | $12K |
| Net Assets | $12K |
| Operating Margin | -2.7% |
| Months of Reserves | 2.3 months |
Financial Health Grade: C
In 2023, Legacy Speedway Inc reported a deficit of $2K with expenses exceeding revenue, holds 2.3 months of operating reserves (limited).
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 Analysis Pending
AI enrichment for Legacy Speedway Inc 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 Legacy Speedway Inc 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 $2K, with expenses exceeding revenue.
Frequently Asked Questions about Legacy Speedway Inc
Is Legacy Speedway Inc a legitimate charity?
Legacy Speedway Inc (EIN: 883466307) is a registered tax-exempt nonprofit based in New Mexico. Total revenue: $65K. No red flags identified. Financial health grade: C.
How does Legacy Speedway Inc spend its money?
Legacy Speedway Inc reported $65K in total revenue in IRS 990 filings. 1 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Legacy Speedway Inc tax-deductible?
Legacy Speedway Inc is registered as a tax-exempt nonprofit (EIN: 883466307). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Legacy Speedway Inc located?
Legacy Speedway Inc is headquartered in Milan, New Mexico and files with the IRS under EIN 883466307. It is classified under NTEE code N70.
Filing History
IRS 990 filing history for Legacy Speedway Inc showing financial trends over 1 year of public records:
In its most recent filing year (2023), Legacy Speedway Inc reported a deficit of $2K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $62K | $64K | $12K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Legacy Speedway Inc:
Data Sources and Methodology
This transparency report for Legacy Speedway 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.