Linn Mar Basketball Academy
EIN: 871478612 · Marion, IA · NTEE: N62
| Metric | Value |
|---|---|
| Total Revenue | $126K |
| Total Expenses | $76K |
| Net Assets | $5K |
Is Linn Mar Basketball Academy Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Linn Mar Basketball Academy
Linn Mar Basketball Academy (EIN: 871478612) is a nonprofit organization based in Marion, IA, classified under NTEE code N62. The organization reported total revenue of $126K and total assets of $8K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Linn Mar Basketball Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Linn Mar Basketball Academy is a small nonprofit that has been operating for 3 years, with 3 years of IRS 990 filings on record (2022–2024). Revenue has grown at a compound annual rate of -9.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $77K |
| Total Expenses | $76K |
| Surplus / Deficit | +$1K |
| Total Assets | $5K |
| Net Assets | $5K |
| Operating Margin | 1.4% |
| Months of Reserves | 0.8 months |
Financial Health Grade: A
In 2024, Linn Mar Basketball Academy reported a surplus of $1K with revenue exceeding expenses, holds 0.8 months of operating reserves (limited).
Financial Trends
Over 3 years of filings (2022–2024), Linn Mar Basketball Academy's revenue has declined at a compound annual growth rate (CAGR) of -9.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +1.5% | +2.6% | +24.6% |
| 2023 | -20.1% | -19.9% | +73.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2023 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Linn Mar Basketball Academy 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 Linn Mar Basketball Academy 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1K, with revenue exceeding expenses.
Frequently Asked Questions about Linn Mar Basketball Academy
Is Linn Mar Basketball Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Linn Mar Basketball Academy (EIN: 871478612) insufficient data. 0 red flags identified, 0 strengths noted.
How does Linn Mar Basketball Academy spend its money?
Detailed spending breakdown data is not yet available for Linn Mar Basketball Academy. Check back for updated IRS 990 analysis.
Are donations to Linn Mar Basketball Academy tax-deductible?
Linn Mar Basketball Academy is registered as a tax-exempt nonprofit (EIN: 871478612). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Linn Mar Basketball Academy located?
Linn Mar Basketball Academy is headquartered in Marion, Iowa and files with the IRS under EIN 871478612. It is classified under NTEE code N62.
How many years of IRS 990 filings does Linn Mar Basketball Academy have?
Linn Mar Basketball Academy has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $126K in total revenue.
Filing History
IRS 990 filing history for Linn Mar Basketball Academy showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2022–2024), Linn Mar Basketball Academy's revenue has declined by 18.9%, moving from $95K to $77K. Total assets increased by 116% over the same period, from $2K to $5K. Total functional expenses fell by 17.9%, from $92K to $76K. In its most recent filing year (2024), Linn Mar Basketball Academy reported a surplus of $1K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $77K | $76K | $5K | $0 | — | — |
| 2023 | $76K | $74K | $4K | $0 | — | — |
| 2022 | $95K | $92K | $2K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $77K, expenses of $76K, and assets of $5K (revenue +1.5% year-over-year).
- 2023: Revenue of $76K, expenses of $74K, and assets of $4K (revenue -20.1% year-over-year).
- 2022: Revenue of $95K, expenses of $92K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Linn Mar Basketball Academy:
Data Sources and Methodology
This transparency report for Linn Mar Basketball Academy 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.